5 things to do before shipping your first export consignment

first time

Are you new into the business of exporting and not sure how to get it right the first time? You are not alone. Not many people are aware of how to handle their first export consignment.

Considering the international nature of the business, it is not easy as it requires a deeper understanding of the entire process of the markets its rules and regulations.

Ensuring this on a regular basis is challenging even for experienced agencies in the export/import market.

So what should you do? Well as a first timer, the best you can do is prepare. Prepare yourself and develop an in-depth understanding of the market you are exporting to. And more importantly, about the export rules and the best practices to keep in mind.

While the business scenario and shipping regulations would differ from country to country, there are certain common things that you must ensure while exporting.

Here’s a look at the 5 important things to consider before shipping your first export consignment abroad.

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Why Demurrage & Detention fees are killing ocean shippers

Shipping and Freight Resource Press Release

International trade continues to experience growing pains related to demurrage and detention charges.

Unfortunately, global transport interpretations result in an assumption that these terms are interchangeable.

Depending on the origin and destination, they have different meanings, especially in the U.S. In fact, the Federal Maritime Commission (FMC) took the exuberant step to eliminate confusion and streamline port management.

While beneficial, the new interpretive rule still leaves room for error, notes FleetOwner, lacking the force of legally bound duties.

To avoid an assumption of decreased demurrage and detention fees and keep ocean freight spend under control, shippers need to understand their real impacts and how these fees amount to significant issues in the global supply chain.

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5 adverse effects of climate change on maritime transport

climate change in maritime transport

The maritime sector is a major global industry. In fact, an article published by the World Bank reports that shipping accounts for 80% of all world trade’s total volume. However, like other lucrative industries, it doesn’t only deal with accommodating a high demand for services, but also constantly faces numerous environmental issues.

Why exactly should shipping companies be involved with battling climate change? There are countless reasons, but one that stands out the most—if we assess matters through an economic perspective—is that climate change is a large threat to the industry itself.

Below, we’ll discuss several impacts of climate change on maritime transport, specifically on its efficiency and profitability.

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8 tips to make shipping from China easier

Shipping and Freight Resource Press Release

China opened up for global trade around 1980 and became an economic superpower in the 2000’s achieving some dramatic growth in the last 30 odd years. China has grown into one of the significant financial and economic muscles on the planet.

Chinese goods have received a broad acceptance globally and many businesses are keen on importing goods from China.

However, the most painstaking obstacle that many face is how to go about shipping from China successfully. This might be a difficult task, especially for newbies and sometimes even the professionals.

I am sure that you wouldn’t like getting trapped by unnecessary delays, high delivery costs, and unreliable suppliers like many have.

Sunny Sun, the co-founder of BanSar, a professional freight forwarder in China has provided some tips on how to make shipping from China easier.

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How to find a qualified Chinese freight forwarder

Shipping and Freight Resource Press Release

China, often termed as “the world’s factory” is unavoidable when it comes to global trade. As of 2017, China accounted for 15% of the world’s GDP. China’s GDP is 64% of that of USA thereby making it the second largest economy in the world.

For majority of the countries around the world, when importing Chinese products, international freight movement is required and you will definitely deal with a variety of freight forwarding companies.

Unverified statistics indicate that in the city of Shanghai China alone, there are more than 10,000 freight forwarders registered. It is conceivable that the total number in China is even more astronomical.

Chinese freight forwarders have also had a bad rap due to a few of them perpetuating fraud and other illegal activities which are affecting many of the legitimate Chinese freight forwarders.

“How can I choose a qualified freight forwarder in China from such a large number?” is a question that might be on the minds of many people.

David Fan gives you some guidance through different perspectives based on many years of industry experience.

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Fraudulent freight forwarders and their scams

fraudulent freight forwarders - shipping and freight resource

The activity of Freight Forwarding has been around for many years and there has been a recent resurgence of the forwarder especially in the form of a digital freight forwarder. Unfortunately fraudulent freight forwarders have permeated this industry as well.

Like any industry, freight forwarding has its good and bad sides and it is quite easy to become a victim of fraud and most of the time, freight forwarders are not associated with the crime or fraud and they may be co-victims just like you.

Here are some of the ways of fraudulent freight forwarders and their scams.

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Key benefits of GPS and IoT systems for the freight industry

logistics technology - shipping and freight resource

In many ways, the transport industry is the backbone of human society. Various forms of transportation have been used for travel and trade since the 1800’s, by water, rail, road and air.

Today, almost everything we use, eat or drink is transported by vehicle and delivered to our doorstep or a nearby shop, and public transportation is essential in our societies for transporting people between home, work and school.

To ensure a seamless operation when delivering goods or moving people, transport enterprises have to manage hundreds or even thousands of vehicles at once.

Precision, efficiency and productivity are essential. Luckily, there are technological advances to help overcome many of the daily logistical challenges.

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Limitation of liability in contracts of carriage by sea – a comparison

limitation of liability in contracts of carriage by sea - shipping and freight resource

Limitation of liability is a concept that allows a carrier to limit their liability for maritime claims up to a limited sum regardless of the actual monetary value of the claim.. In short, there is a limit on the maximum amount of compensation that a carrier may need to pay..

Despite the varying forms, the main characteristic of the limitation of liability is that, while in principal the carrier may be liable for damages, the extent of their liability is reduced by this limitation..

Limitation of liability is governed by a number of Conventions adopted by the International Maritime Organization (IMO) and is expressed in Special Drawing Rights (SDR)..

There are a few popularly used conventions and rules covering the Carriage of Goods by Sea and this article by Ali Shami compares the limitation of liability in the various contracts of carriage by sea..

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8 tips to reduce freight forwarding expenses

cost savings

If you use shipping services often, price may definitely a very important factor for you. Especially if you own a business that includes constant freight forwarding. People often think that the way carriers ship the freight are pretty much fixed and cannot change.

But just because everyone is used to the standard freight shipping ways and expenses, it doesn’t mean that is the only way. Luckily for you, there are many ways to reduce freight forwarding expenses.

Here are 8 tips to reduce freight forwarding expenses. Follow these steps and start implementing the changes that will help you today.

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5 Technologies that are shaking up the freight industry

If you work in logistics, there’s a good chance that your company, and even your position, will look very different in a few years. That’s because the technology that makes our jobs possible is improving so fast that we’re still struggling to catch up!

The emphasis is being placed on client satisfaction, customer management, and finances affecting the profit margins. Good organization and planning have become critical in exporting and importing. As the years have passed, the freight industry has turned to technology to increase profits by streamlining their business.

At this point, you should be asking yourself, is my company heading the right direction? If the answer is yes, the five new trends in digital technology posted below will be of particular importance. If you haven’t been keeping up, now is a great time to get on board.

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Should we still source from China..??

sourcing from china

Since the time of opening up for global trade circa 1980 to becoming an economic superpower in the 2000s and till now, China has come a long way in terms of global trade..

China’s growth in the last 30 odd years has however been marred by allegations of Chinese exporters or traders being fraudsters and scam artists creating a notoriety for them among global traders..

Even on this blog, there have been a few real-life examples and case studies from readers not happy about the way some Chinese companies/people have conducted business with them..

So has this situation changed or gotten any better..?? Should we still source from China..??

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