Improve Freight Tariffs by selecting the key carriers/forwarders. When it comes to the number of carriers you hire to move your freight, reducing and consolidating the number of carriers or selecting a dedicated freight forwarder will benefit overall transport logistics. Using fewer dedicated "key" carriers enables...
The most commonly used rules for the interpretation of trading terms in international trade are those defined by the International Chamber of Commerce (ICC). https://iccwbo.org They are internationally recognized and are known as Incoterms. Incoterms signify to buyer what is, and more importantly what is not, included in...
Blockchain is projected to be the latest revolutionary technology and is gaining increasing attention from academics and practitioners. A ‘blockchain’ in a nutshell is a distributed public consensus system that maintains an immutable record of transactions on the web, incapable of being falsified after the event. How...
The spot freight market in the liner shipping industry has developed significantly in recent years and interplays with the long-term contract between carriers and shippers. In the shipping industry, 3 procuring structures are then considered: from carrier with long-term contract, only from spot market, from both...
Dangerous goods (often called hazardous materials in the USA) may be pure chemicals, mixtures of substances, manufactured products or articles which can pose a risk to people, animals or the environment if not properly handled in use or in transport. Dangerous in Use Many products, which we...
Check the liability limits that your shipping company carries. Before you allow a carrier to ship your freight, it is very important for you to know the liability limits, or insurance, they carry to cover your freight. Don’t assume that they will reimburse you 100% for...
The Customer-Forwarder Relationship Logistics Service Providers are customer oriented. They place a high priority on satisfying the needs of the customers. Not to meet those needs means losing a customer, probably for ever! These practical considerations lead managers in the forwarding industry to under-estimate sound legal practice...
Lorry transport: - Per 100 kg The price listed is for 100 kg of the real or the calculated volume weight of the goods to be transported. This type of calculation basically rounds up to the next full 100kg. - Per loading meter Price per loading meter can be best...
Another way LSP companies trick you into thinking they have the lowest price is by quoting the bare-bones shipping, and then hit you with the accessorial charges later. i.e. they quote you a low price for the standard service, but then charge you more for...
