Since 2016, the International Convention for the Safety of Life at Sea (SOLAS) has introduced the Verified Gross Mass (VGM) regulations, requiring shippers to provide VGM information before loading containers. This ensures the safety and compliance of container transportation. Neglecting this requirement may result in containers being unable to be loaded onto ships, impacting the transport of goods.
This article analyzes six primary methods of international freight transportation: sea, air, road, rail, pipeline, and intermodal transport. Each mode has unique advantages and disadvantages, suitable for different types of cargo transportation needs. By exploring these transportation methods, businesses can enhance logistics efficiency and reduce transportation costs, positioning themselves favorably in international trade.
This article explains the concept of CBM (Cubic Meter), a commonly used volume measurement unit in international freight, and its application in air freight and LCL (Less than Container Load) shipping. Understanding how to calculate CBM helps shippers estimate transportation costs and optimize cargo packaging, thereby effectively reducing logistics expenses. It's crucial for efficient planning and cost management in global trade, enabling businesses to make informed decisions regarding shipment size and packaging strategies to minimize freight charges.
This article explains common terms in freight forwarding logistics, such as 'single release,' 'single drag,' 'double drag,' and 'shared container,' along with the reasons behind new regulations. The new policy encourages the use of 'single release' for small containers exceeding 10 tons to address strict overload supervision and ensure transport safety. Understanding these terms facilitates better communication and operations within freight forwarding logistics.
This article summarizes common pitfalls in freight forwarding, including customs inspection procedures after declaration, fines for incorrect container numbers, standardized transit port codes, risks of exceeding cargo weight limits, and methods for cargo tracking. It aims to help freight forwarding professionals avoid unnecessary losses and improve work efficiency by providing practical insights and solutions to potential problems encountered during the logistics process.
This article delves into the three key principles of cargo release by freight forwarders: the rigor of release with original Bill of Lading, the high risks associated with release without original Bill of Lading, and the risk transfer involved in release based on Letter of Guarantee. It also emphasizes the importance of other risk prevention measures. The aim is to assist freight forwarding companies in building a comprehensive risk prevention system and achieving stable development by understanding and mitigating potential liabilities.
During shipping peaks, carriers often lease containers from other operators or leasing companies. Leased containers typically receive equal treatment as owned units, but free-time allowances vary: 7 days for standard boxes, 5 days for special equipment. Specific rules depend on lease agreements.
This paper delves into the definition, function, and significance of the House Bill of Lading (HBL) in international trade. As a bill of lading issued by a freight forwarder, the HBL serves as a receipt for goods, a contract of carriage, and a document of title, making it crucial for the smooth completion of international trade transactions. The importance of customs clearance and inspection services for sea freight imports is also emphasized, highlighting their role in ensuring compliance and efficient cargo handling.
This article delves into the three-letter code of Sudbury Airport (YSB), revealing its vital role in the global air transport network. It also introduces the powerful three-letter code lookup system and other air and sea freight tools provided by West Coast Consolidators, assisting businesses in conducting global trade efficiently and conveniently. This resource aims to simplify logistics processes and provide valuable insights into the intricacies of air freight, enabling informed decision-making for businesses involved in international shipping.
Global ocean freight rates are soaring, compounded by port congestion and geopolitical risks, pushing supply chains into uncertainty. This paper analyzes the reasons for the surge in freight rates, including rebounding consumer demand, limited supply capacity, the Red Sea crisis, and labor negotiation risks. It suggests companies adopt strategies such as diversifying transportation, planning ahead, optimizing inventory, establishing strategic partnerships, leveraging technology, and nearshoring to cope with the challenges. The analysis incorporates case studies to help companies navigate the market and maintain stability.
