A shipper with a high volume of cargo to move by sea over time will negotiate a service contract with an ocean carrier, generally on an annual basis (the norm in the trans-Pacific market) or quarterly. Buying shipping services in bulk is designed to offer the shipper a lower per-slot cost through a volume discount. 0 read more

benzinga.com (Date:01/16/2020 15:47) Read full article >>

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Pacific: The Pacific Ocean is the largest of the Earth's oceanic divisions. It extends from the Arctic in the north to the Southern Ocean in the south, bounded by Asia and Australia in the west, and the Americas in the east.
Buying: Trade also called goods exchange economy is the transfer of ownership of goods from one person or entity to another by getting something in exchange from the buyer. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The orig