CROSS TRADE SHIPMENTS

This service is transported by either Air, Road, Sea or Railway from one country to another, they are also known as foreign-to-foreign shipments, but not through the Country-of-Origin base from where the business is conducted. It’s called a ‘triangle shipment’ because there are three countries involved in the transaction- the country of origin, the collection country destination and delivery country destination. Cross trading has become very popular as more and more businesses enter into international markets. There are many reasons businesses use cross trades – all of which can end up saving your money in the long term. Below are the reasons, exporters should use cross-trades when selling their products overseas:

Accessing new markets
• Lower supply chain costs
• Less transit times
• Efficiency in the supply chain
• Using a local forwarder