The current exchange rate for 25 USD is 7,517.86 Sri Lankan Rupees (LKR), equivalent to 1 USD = 300.715 LKR. The exchange rate shows significant fluctuations, with high and low points of 301.29 and 299.30 respectively. Monitoring exchange rate changes is crucial for international trade and financial management.
This article introduces the SWIFT/BIC code BICIGALXXXX for AFG Bank (formerly known as the Gabon International Trade and Industry Bank) and emphasizes its importance in international remittances. It provides effective remittance information and suggestions to ensure that funds are safely and accurately delivered to their destination.
This article explores the unreliability of the shipping industry and its impact on the supply chain. It identifies key strategies for reducing transportation costs and risks, including the use of data, collaboration, and clear expectations, while emphasizing the importance of supply chain resilience.
In the face of frequent disruptions and uncertainties in global supply chains, enterprise resilience becomes particularly important. Enhancing resilience can be achieved through optimizing supply chain management, utilizing new technologies, and fostering collaboration, thereby improving the ability of businesses to withstand risks.
This article analyzes the importance of verifying Gross Weight (VGM) in international freight and discusses two calculation methods. It emphasizes the significance of mitigating safety risks since 2016. Understanding and complying with this regulatory requirement can effectively enhance transport safety and efficiency.
Road transportation of dangerous goods must meet specific conditions, including compliant vehicles, facilities, and qualified personnel. Companies should have safety assurance facilities, qualified drivers, and professional management teams. These requirements ensure safety and compliance during the transportation process, thereby reducing potential risks.
This article explores the latest trends and innovations in logistics and supply chain management, emphasizing the importance of in-depth market signal analysis. The first quarter of 2025 appears stable, but demand fluctuations, supply constraints, and rising risks pose challenges for carriers.
This article explores different concepts of maritime loss, including actual total loss, presumed total loss, general average, and particular average. These classifications assist in understanding how to evaluate and handle cargo losses during transportation, enabling effective management of related risks and insurance claims.
This article discusses how logistics companies can effectively prevent the loss of strategic key clients. It highlights several key aspects, including understanding clients' true perceptions, promoting inter-organizational connections, monitoring churn signals, meeting the rising needs of clients, and reducing cooperation risks.
The multipurpose vessel transportation industry adopts a 'strategic non-action' approach amid tariff uncertainty. Companies monitor market changes while cautiously delaying decisions to manage potential risks and maintain competitiveness. Effective information sharing and communication are crucial factors when navigating an unstable environment.
