GRI (General Rate Increase) is a pricing adjustment mechanism used by ocean shipping companies that must be announced 30 days in advance according to U.S. regulations. The amount and implementation of GRI vary with market changes, significantly impacting transportation costs for businesses. Understanding the GRI mechanism can help companies better manage their shipping expenses.
This article addresses common and difficult issues in international freight forwarding, such as Ghana CTN number application, MSK demurrage disputes, Luojing Port entry, sea freight detention charges, express delivery loss, shipowner's fund pressure, garment container modification, container damage liability division, equipment handover form, bill of lading telex release, reefer container inspection, bill of lading modification and rejection. It provides solutions to help freight forwarders avoid risks and improve efficiency. The aim is to offer practical guidance and insights for navigating complex situations within the industry.
This article provides an in-depth analysis of liner shipping's definition, core characteristics (four fixed aspects and one responsibility), liability division, legal basis, and its advantages and limitations in international trade. It also explores the future development trends of liner shipping, emphasizing that intelligence, greening, collaboration, and customization are its development directions. The aim is to provide international trade participants with a more comprehensive understanding of liner shipping and its evolving role in global commerce. This includes examining how these future trends will impact efficiency and sustainability.
This article details the processes, responsibility divisions, and key considerations for air cargo charter and block space agreement (BSA) transportation. It covers charter application, contract signing, transport documents, escort arrangements, tonnage utilization, liability, and cost settlement. The characteristics of BSA are also briefly described. This aims to provide a practical guide for professionals involved in air freight operations, particularly concerning full aircraft charters and securing guaranteed space on scheduled flights. The guide focuses on ensuring smooth and efficient cargo transportation while clearly defining responsibilities and financial aspects.
Losing an international ocean bill of lading is a common risk in foreign trade. This article provides a comprehensive guide to address this issue, covering risk analysis, liability division, emergency measures, and long-term strategies. Key areas include notifying the shipping company, public announcement for claim, delivery without the original bill of lading procedures, and risk prevention mechanisms. This helps companies effectively control risks and protect their rights and interests. It offers practical advice on mitigating potential losses associated with lost or missing bills of lading.
This article provides the SWIFT code VICBMD2XXXX for remittances to Victoriabank (JOINT-STOCK COMMERCIAL VICTORIABANK). It emphasizes the importance of understanding how the remittance amount and fees affect the receipt of funds, as well as the necessity of accurately verifying banking information to ensure safe and efficient completion of the transfer.
A joint study by DHL and market research firm Euromonitor highlights the challenges posed to last-mile logistics by the rapid acceleration of urbanization and e-commerce development. The F.A.D. framework (Flexible Transportation Network, Automation, Data) will assist e-commerce businesses in leading the market while enhancing delivery efficiency and customer experience.
The U.S. Department of Justice is suing the owner of the vessel involved in the Baltimore Key Bridge collapse, seeking over $100 million to recoup federal costs incurred in responding to the incident. The lawsuit alleges negligence on the part of the owner, leading to safety deficiencies on the ship. The owner denies fault and is seeking to limit liability. The U.S. government has pledged to support Maryland in rebuilding the Key Bridge. The legal battle is expected to be lengthy and complex, focusing on determining the extent of responsibility for the disaster.
CMA CGM and TotalEnergies have established a joint venture to create a liquefied natural gas (LNG) bunkering facility at the Port of Rotterdam, set to commence operations by the end of 2028. This initiative aims to support green shipping, and it is projected that by 2029, CMA CGM's LNG-powered fleet will expand to 123 vessels.
Bikaner Airport (BKB) is a joint military and civil airport located in Bikaner, Rajasthan, India. It primarily operates domestic routes, providing basic passenger and air cargo services. As a non-customs airport, international cargo requires clearance through other ports. In the future, the airport is expected to promote local economic development through facility upgrades and route expansion.
