When to Hire Your First Employee

FOB and CIF are the most commonly confused Incoterms. Under FOB, risk transfers to the buyer once goods pass the ship's rail. Under CIF, you handle freight and insurance to destination. CIF seems better but you also bear freight fluctuation risk.

Dangerous goods export is complex. Determine the UN number and hazard class. Prepare MSDS and dangerous goods certificate. Book 2-3 weeks ahead as slots are limited. Every step must be precise — one mistake can cause a serious incident.

Demurrage and detention charges catch many exporters off guard. Buyers get 7-14 free days before returning empty containers. Exceeding this triggers charges. Always confirm with the buyer when they plan to pick up the container.