Lack of career opportunities and development opportunities are the top reason that midcareer women leave a supply chain organization or provider - Gartner
Women can face discrimination even getting into seafaring work. In some countries,...
If you are in the shipping and freight industry, you would have no doubt heard about a Delivery Order..
This article explains in detail all about a Delivery Order - what is it, who issues it, who should it be issued to and its importance..
Shippers who deal with documentary credit know that the clause "Shipped on Board" on the bill of lading carries quite a bit of weight and there is often a lot of discussions, disputes and rejections from the side of the bank if there is any discrepancy in bill of lading in terms of the description of goods, customer details, shipped on board date, stamp or signature..
Since they are being so strict with documentation, one would naturally assume that the banks will verify whether the cargo covered in the bill of lading has actually been loaded on board the ship or not..
For any business to be successful, one needs to know the business, its model and requirements inside out.. Many businesses start with a great idea..
But there could be big gap between a great idea and a great startup and many people don’t have a clue on how to bridge this gap and may end up spending their life savings to start the business..
Forbes published an article on 10 Reality Checks Before Starting Your Own Business..
Are you ready for the startup lifestyle?
Are there customers with real pain and money?
Is the market opportunity large and growing?
Is this a crowded space already?
Does your solution have hidden dependencies or costs?
Do you have intellectual property to defend against competitors?
Can you build a motivated and qualified team?
Have you looked realistically at the costs?
Do you have stamina and skills?
Going “from” rather than “to”?
While the above is good for any business, if you are planning to start your own shipping and freight business, here are 7 reasons why you shouldn't start your own shipping and freight business..
Yes you are reading it right..
You shouldn't start your own shipping and freight business if :
The business of shipping hinges on the collaboration and action of various entities.. Shipping lines, ports, customs, ship owners, ship operators, ports and many more, all work in unison to get the cargo moving around the world..
This collaboration and co-operation is critical to ensure the safety of the ships carrying the cargo and the safety of the crew members operating the ships..
The registration of a ship plays an important role in ensuring safety and security of the ship and significantly contributes towards the protection and preservation of the marine environment..
As per IMO regulations, all ships must be surveyed in order to ensure that the ships under their register/flag are structurally sound and subscribes to design and safety standards and issue certificates which establishes a ship’s seaworthiness..
The Flag State of the vessel is the party responsible for the above survey and inspection.. This is achieved through Ship Classification..
In the IMDG Code, many actions are listed but the responsibility to carry out that action may not be specifically assigned to any particular person.
The IMDG Code does however assign responsibilities to named persons or entities in certain cases, such as;
Shipping and Freight Resource by Hariesh Manaadiar has been providing quality content to the industry since 2008, helping readers understand more about this industry and the business of Shipping, Freight, Maritime, Logistics, Supply Chain and Trade, allowing them to make better business decisions