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International Logistics Dr. Dale S. Rogers Professor, Logistics & Supply Chain Management Arizona State University What are Incoterms?

  1. 1. Describe the most critical short term issue in the trucking industry (see Keeping trucks file)
  2. 2.When does it make sense to use a letter of credit and why would you generally want to avoid using one?(see the power point)
Dr. Dale S. Rogers Professor, Logistics & Supply Chain Management Arizona State University InternaTonal LogisTcs
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What are Incoterms? The Incoterms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions. A series of three-letter trade terms related to common contractual sales practices, the In coterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transpo rtation and delivery of goods. The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to reduce or remove altogether uncertainties arising from different interpretation of the rules in different countries. As such they are regularly incorporated into sales contracts[1] worldwide. First published in 1936, the Incoterms rules have been periodically updated, with the eighth version— Incoterms 2010 —having been published on January 1, 2011. "Incoterms" is a registered trademark of the ICC.
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BUSINESS OF GREEN Keeping Trucks Full, Coming and Going By KEN BELSON Published: April 21, 2010 IT’S an age-old problem that has vexed truckers and shippers for as long as there have been truckers and shippers: how to ±nd cargo for their return trip home after they’ve made their initial delivery. Now truckers are trying to address it in a systematic way. Enlarge This Image A Macy’s operations center in Secaucus, N.J., which serves the Northeast. Macy’s says that through the Empty Miles program it has found other shippers for 30 of its empty truck routes. Related ² Edging Back to Nuclear Power (April 22, 2010) ² The New Jobs in Atomic Energy (April 22, 2010) ² Green Economy Is Not Yet Made in U.S.A. (April 22, 2010) ² Solar Power to the People, With a Lot of Public Help (April 22, 2010) ² Stimulus Aid Is Slow to Reach Energy Savers (April 22, 2010) ² Selling Agriculture 2.0 to Silicon Valley (April 22, 2010) ² Generating Megawatts Like Clockwork (April 22, 2010) ² Business of Green Special Section Deadhead trips, as they are known, are a waste of fuel, money and time, and a producer of greenhouse gases. Yet more than a quarter of the trucks on the road in the United States drive empty, according to industry estimates. Some of the country’s largest retailers, manufacturers and trucking companies are working on a solution, sharing information about their trucking routes in hopes
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of matching empty trucks with goods that need to be shipped. Known as Empty Miles , the program is the brainchild of the Voluntary Interindustry Commerce Solutions Association, or VICS, a nonproFt group that tries to make the supply chain in consumer goods industries more e±cient. ²or decades, companies have tried to eliminate empty truck miles in an ad hoc fashion. One company would hear about another company that shipped along the same route. One manager would call his counterpart and work out a deal. Then, about two years ago, VICS members representing a swath of corporate America bore down on the problem. Diesel fuel was near record highs; the economy was slowing. Running empty trucks was more and more the di³erence between proFts and losses; running fewer trucks was a way to reduce emissions and help meet corporate sustainability goals. “The economy is demanding that these trucks run with things in them,” said Joe Andraski, the president and chief executive of VICS, which is based in Lawrenceville, N.J. VICS worked with GS1 US, the standards group that developed the bar code, to create a portal where shippers including Macy’s , J. C. Penney and Levi Strauss, and two dozen trucking companies can list their empty truck routes. Two big hurdles remain. Companies often resist taking part in new programs if it involves adopting new technology. Luckily, the cost of gaining access to the Empty Miles Web site that VICS and GS1 US created is just $1,600 a year.
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DATE OF SUBMISSION 1 Running Header: LOGISTICS AND LETTER OF CREDIT 1. 1. Describe the most critical...

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