Guide to FOB Trade Managing Freight and Risk

Guide to FOB Trade Managing Freight and Risk

This article provides an in-depth analysis of the operational procedures for nominated cargo under FOB trade terms, emphasizing the importance of information communication and instruction execution. It details potential risks such as release of goods without original Bill of Lading and cost settlement issues, along with corresponding mitigation strategies. The article also compares and contrasts the differences and applications of HBL, MBL, and OBL, offering comprehensive operational guidance and risk prevention advice for export companies. This aims to help exporters navigate the complexities of FOB shipments and minimize potential losses.

Shanghai Port Enhances Cargo Flow with Datadriven Customs Efficiency

Shanghai Port Enhances Cargo Flow with Datadriven Customs Efficiency

This article provides a detailed interpretation of Shanghai Port's "Five-Number Consistency" principle for customs clearance. It emphasizes the consistency of data, including the number of pieces, gross weight, volume, container number, and seal number, across the customs declaration, manifest, bill of lading, terminal pre-recorded data, and tally data. The aim is to help freight forwarding companies avoid cargo delays caused by data errors and improve customs clearance efficiency. Ensuring data alignment across these documents is crucial for smooth and timely processing of goods through Shanghai Port.

Ocean Freight Shippers Urged to Avoid Demurrage Optimize Pickup

Ocean Freight Shippers Urged to Avoid Demurrage Optimize Pickup

This article provides an in-depth analysis of the sea freight delivery process, explaining how key steps like unloading, yard operations, and LCL cargo handling impact delivery time efficiency. It emphasizes the importance of free storage periods and demurrage charges, offering practical strategies to avoid the latter. The role of the Bill of Lading and the trend of digital delivery are also discussed. The aim is to help consignees understand delivery timelines and optimize logistics costs, ultimately improving their efficiency and reducing potential expenses associated with demurrage and delays.

New Guide Simplifies Freight Logistics and Customs Clearance

New Guide Simplifies Freight Logistics and Customs Clearance

This article provides a practical guide for freight forwarding newcomers, covering learning methods, customs clearance practices, special situation handling, bill of lading interpretation, and volumetric weight conversion. It helps newcomers quickly get started with freight forwarding by learning during lunch breaks, differentiating between tax refunds and buying out, understanding Iran business considerations, interpreting HBL and OBL, and mastering volumetric weight conversion for air and sea freight. This guide offers essential tips and knowledge to accelerate the learning curve and improve efficiency in daily freight forwarding tasks.