Supply Chain Management

Supply chain management (SCM) is the backbone of modern commerce. Without it, the products we rely on daily—food, electronics, clothing—would never reach store shelves or our doorsteps. Yet, for many, logistics remains a complex, opaque field. I aim to break it down into digestible parts, explaining key concepts, mathematical models, and real-world applications. What Is […]

Introduction Weight measurement is fundamental in trade, logistics, and industry. While the US primarily uses short tons and pounds, the long ton remains relevant in shipping, mining, and certain international transactions. I will break down the long ton, compare it with other units, and demonstrate its practical applications. What Is a Long Ton? A long

A Mate’s Receipt is a crucial document in international trade that serves as evidence of the receipt of goods by a ship’s captain or agent. In this guide, we’ll delve into what Mate’s Receipts entail, their significance in trade transactions, how they are used, and provide real-world examples to illustrate their application. Understanding Mate’s Receipts

Measurement tonnage is a term used to quantify the size or capacity of a ship for various purposes, such as determining fees, taxes, or regulatory compliance. In this guide, we’ll explore what measurement tonnage is, how it’s calculated, its significance, and provide examples to illustrate its application. What is Measurement Tonnage? Measurement tonnage refers to

Trade agreements shape the global economy, and one of their most critical components is the Most-Favoured-Nation (MFN) clause. As someone who has spent years analyzing international trade policies, I find the MFN clause both fascinating and often misunderstood. In this article, I break down what it means, how it functions, and why it matters—especially for

As someone who has spent years navigating the complexities of maritime finance and vessel measurement, I find net tonnage one of the most misunderstood yet crucial concepts in shipping. If you’re new to the maritime industry, freight logistics, or ship financing, grasping net tonnage will help you make informed decisions. This guide breaks it down

Consignment is a business arrangement that often confuses both buyers and sellers. I have seen many small business owners struggle with the nuances of consignment, especially when managing inventory or dealing with retail partnerships. In this article, I will break down the concept of “on consignment,” explain how it works, and explore its financial and

Introduction Shipping contracts determine how cargo moves across the globe. An open charter is a specific type of agreement that provides flexibility for both shipowners and charterers. I will break down open charters, explain their mechanics, and provide practical examples to help you understand their role in maritime trade. What Is an Open Charter? An

As someone who has spent years in finance and accounting, I often encounter confusion around the term open indent—especially among new entrepreneurs and small business owners. While it sounds technical, the concept is straightforward once broken down. In this guide, I’ll explain what open indent means, how it functions in business transactions, and why it

As someone deeply involved in the shipping and logistics industry, I often encounter terms that seem straightforward but carry nuanced implications. One such term is overside delivery, a critical concept in maritime trade that affects costs, responsibilities, and risk allocation. In this article, I break down what overside delivery means, how it functions in real-world