A review of Haven Inc’s TMS for global shippers
In any sea freight transaction which covers the above processes, there are challenges that BCOs and/or Freight Forwarders face in terms of managing Rates, Bookings, Documents and Visibility..
As per market studies, 25-30% of all freight invoices issued are erroneous and that businesses have been overpaying service providers for years due to incorrect invoices.. In a $350 billion ocean freight market, this accrued revenue loss can be quite significant..
Now Haven Inc, a solutions-focused TMS provider is aiming to simplify the processes for the customers through their easy to use and intuitive app-based TMS platform specifically aimed at international shippers..
The platform is said to have proven successes with some of the largest companies in shipping including Top 5 CPG, and Top 5 US Exporter using it..
Here is my review of Haven Inc’s TMS platform..
Governments, Regulations and Logistics Structure – Executive Insights with Pritam Banerjee
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights and thoughtful analysis..
This series features selected individuals from the industry and is aimed at enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics, and supply chain industry..
Executive Insights also gives you a chance to pick the brains of these industry veterans, leaders, and enablers..
In this edition of Executive Insights, we caught up with Pritam Banerjee, Logistics Specialist at Asian Development Bank (ADB) on the topic of Governments, regulations and logistics structure..
Haven Launches Freight Invoice Audit Platform to Enable Ocean Freight Cost Savings in Aftermath of COVID-19
Market studies show that 25-30% of all freight invoices issued are erroneous. In a $350 billion ocean freight market, this accrued revenue loss can be quite significant.
Businesses that have been overpaying service providers for years due to incorrect invoices now have a solution in the form of Haven’s automated Freight Invoice Audit Platform.
4 tips to reduce cargo damage and save money on shipping costs
Shipping damage is a massive threat to any products that travel on the supply chain.
As per a Statista survey, eighty per cent of consumers say they’d return a product they received that was damaged in shipping.
The more your products get damaged in shipping, the more money your company loses and the effects of that loss can spread throughout your organization, causing both direct and indirect expenses and affecting sales.
Here are 4 tips to reduce cargo damage and save money on shipping costs.
Navigating Supply Chain Complexities – Executive Insights with Steve Kranig
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights and thoughtful analysis..
This series features selected individuals from the industry and is aimed at enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics, and supply chain industry..
Executive Insights also gives you a chance to pick the brains of these industry veterans, leaders, and enablers..
In this edition of Executive Insights, we caught up with Steve Kranig, Director of Logistics IM-EX Global Inc., about navigating supply chain complexities..
Seafarers as Key Workers, but more importantly, Human Beings
On International Day of the Seafarer, while it is imperative to designate seafarers as key workers, it is equally, if not more important, to recognise them as human beings with real needs.
Here is a touching tribute to the trials and tribulations that the seafarers go through on a day to day basis..
The CargoX Platform – secure, trusted, instant transfer for trade documents
The world of shipping involves several commercial, documentary, operational and financial processes..
While there have been many developments in the industry, a lot of the documentary processes in shipping and freight has stayed much the same for many decades..
Delays in document transmissions which could take anywhere between 5-10 days with the added risk of loss or delay of documents have severe consequences such as demurrage, detention and/or port storage, possible loss or cargo damage due to non-clearance and abandoned cargo..
CarogX Platform, a neutral, public blockchain-based platform is offering to provide a solution which will help to digitalize the trade documentation process using BDT (Blockchain Document Transfer) and reduce document transmission time to 20 seconds..!!
I took the platform for a test drive to see how it works and if it can assist the industry in saving costs and making the process of document transfer simpler, easier, economical and more importantly, secure and safer..
APL England released
The APL England, a 5,780 TEU capacity containership which lost around 40 containers off the coast of New South Wales in Australia has been detained in Brisbane by the Australian Maritime Safety Authority (AMSA) since the 26th May..
After AMSA inspectors were satisfied that the ship was fit to sail, the empty APL England was released on 19th of June and allowed to sail from Australia to undertake repairs in China..
What is a Certificate of Origin..??
If you are in the business of international trade you would have no doubt heard about a Certificate of Origin.. But not everyone is familiar with what is a certificate of origin, why it is required, who issues it etc.. This article aims to clarify these points..
A Trade agreement is a contractual arrangement between countries concerning their trade relationships and how they conduct trade with each other..
Customs department in the importing country may require a “proof of origin” in order to determine whether or not the cargo that is imported may be subjected to trade measures such as the preferential duty tariff (for stuff that is imported from with the PTA bloc), free trade deals, prohibited goods etc..
What are the major reasons for misdeclared or undeclared dangerous goods?
In the past few years, we have seen a large number of maritime disasters such as catastrophic fires onboard ships mostly due to misdeclared and undeclared dangerous goods.
Some of the vessels which had major fires in the year 2019 are Yantian Express, APL Vancouver, E.R. Kobe, Grande America, KMTC Hong Kong, APL Le Havre.
Most of the cases involving leakage, fires, cargo damage is linked to undeclared, misdeclared or poorly packed containers.