What is CFR
What is CFR? A Complete Guide to Cost and Freight in International Shipping In international trade, the term CFR (Cost and Freight) frequently appears in contracts — yet many new exporters and importers still find it confusing. As a professional freight forwarder based in Malaysia, TNSLOG SERVICES SDN BHD has handled countless CFR-based shipments across […]
What is CIF? Cost, Insurance & Freight Shipping
What is CIF? Cost, Insurance and Freight Shipping CIF stands for Cost, Insurance, and Freight and is an Incoterm rule for international trade, meaning the seller is responsible for paying the costs of the goods, insurance, and freight to a specific port of destination. While the seller covers these costs, the risk of loss or […]
What Does FOB (Free on Board) Mean in Shipping?
What Does FOB (Free on Board) Mean in Shipping?. In international trade, selecting the appropriate trade terms (Incoterms) is crucial, and FOB (Free On Board, Free on Board) is one of the most commonly used, particularly for sea freight shipments. It defines the specific point at which responsibility and costs for the shipment transfer from […]
How Malaysian Businesses Maximize Global Trade with FTAs
$0 Tariff Advantage: How Malaysian Businesses Maximize Global Trade with FTAs. As a business owner or exporter in Malaysia, are you constantly plagued by high tariffs, lengthy customs clearance delays, and supply chain disruptions? These pain points not only erode profits but also put your products behind global competition. Fortunately, with the resumption of EU-Malaysia […]
How to use RCEP rules to reduce transportation costs?
How to use RCEP rules to reduce transportation costs? On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) came into effect, marking the launch of the world’s largest free trade agreement. Covering ASEAN’s 10 member states, China, Japan, South Korea, Australia, and New Zealand, RCEP encompasses approximately 30% of the global population and GDP. […]
Unlock ASEAN Free Trade with Malaysia Freight Solutions
Unlock ASEAN Free Trade with Malaysia Freight Solutions The ASEAN Free Trade Area (AFTA), launched in 1992, promotes free trade among ASEAN nations. It reduces tariffs, standardizes trade rules, and fosters regional supply chain collaboration. AFTA includes ten countries: Malaysia, Singapore, Thailand, Indonesia, Philippines, Vietnam, Cambodia, Laos, Myanmar, and Brunei. In Malaysia, a key trade […]
Why Bonded Warehousing Is the Smart Choice for Global Trade in Malaysia?
Why Bonded Warehousing Is the Smart Choice for Global Trade in Malaysia? Bonded warehousing involves storing goods under customs supervision without paying import duties or taxes until they enter the local market or are re-exported. In Malaysia, a key trade hub, bonded warehouses are vital for international trade, imports, and transshipment. They leverage Malaysia’s strategic […]
How does multimodal transport improve supply chain efficiency?
How does multimodal transport improve supply chain efficiency? Multimodal transport refers to the seamless movement of goods using at least two different modes of transportation—such as sea, rail, road, or air—under a single contract managed by one operator. According to the United Nations Conference on Trade and Development (UNCTAD) and the International Chamber of Commerce […]
Top 10 freight forwarding companies in malaysia
Top 10 freight forwarding companies in malaysia As a Southeast Asian trade hub, Malaysia’s strategic ports, such as Port Klang and Penang Port, handle millions of TEUs (standard container units) of cargo annually, driving both exports and imports for industries such as electronics, palm oil, automobiles, and pharmaceuticals. Freight forwarders are at the heart of […]
Malaysia VS Vietnam: Which is the best logistics hub for ASEAN exports to the US?
Malaysia VS Vietnam: Which is the best logistics hub for ASEAN exports to the US? Are you looking for the best logistics hub for ASEAN exports to the US? Choosing a logistics hub between Malaysia and Vietnam can significantly impact your supply chain efficiency, costs, and delivery times. As a leading Malaysian freight forwarder, we […]