There are several shipping jargon used in day to day business.. Port and Starboard are two such terms on a daily basis..
But not everyone is aware of the meanings and origins of these terms.. Here is an explanation..
This definition of the term “Merchant” has caught the attention of the Federal Maritime Commission (FMC) who is soliciting public comment as to
I have shared my personal opinion on this.. Have a read and share yours..
This article explains and clarifies the difference between Pre-Carriage, Carriage and On-Carriage and how these come together to provide the full spectrum of services to the customer..
General Rate Increase (GRI) – a term liked by the shipping lines and loathed by the trading community.. This article explains what GRI means to people on either side of the fence and how it affects the trade..
The process of global trade is simple to look at, especially if you look at it from the outside..
End of trade..
Simple, right..?? Many would wish it was so..
While there are several processes and documentary flows involved in trade negotiations, there are even further processes involved in the actual movement of the goods from Point A to Point B..
One such process in the movement of goods that influences product pricing is the process of freight negotiation and freight quotation in which there are several types..
Let us take a deep dive into FAK rates and how it works..
Abandoned cargo could be quite stressful for shipping lines, shippers, port authorities and forwarders alike and is considered to be a big headache for everyone concerned..
When a cargo is abandoned it causes severe financial losses to all parties concerned – seller, buyer, shipping line, freight forwarder, transporters, banks, Government etc etc..
It could also cause a rift in business relationships between a shipping line and their customer – whether it is an importer or a freight forwarder because it could create a blemish in the customer’s record with the shipping line..
When is a cargo considered to be Abandoned Cargo..??
The much reported MARPOL Annex VI regulation (a.k.a IMO2020) which was implemented to lower the current global limit for sulphur content of marine fuels from 3.50% to 0.50% came into effect on 1st January 2020..
This reduction in sulphur content is supposed to be achieved by way of
There is however another part of this regulation which is the “Carriage Ban” which comes into effect from 1st of March 2020..
Bulk and Break bulk are two terms that are being used incorrectly and interchangeably in the course of day to day business..
These terms cannot be used interchangeably because there are distinctive differences between Bulk and Break Bulk in terms of cargo, nature, size, capacity, handling, trade, customers, ports, terminals, equipment, infrastructure…………………………………..
How do you differentiate between the two..?? This article will help you understand clearly..
Benchmarking – is a business tool used by companies to evaluate and compare the current position and standing of the company against similar companies and organisations in the same business space in the market..
The point of benchmarking is to identify opportunities for improvement of your products and services by comparing your company’s performance, processes, costs against a bigger and better market competitor..
This could mean tweaking your company’s products/services to match the competitor’s offering in the market or by improving your scope of services..
Freight benchmarking is a benchmarking tool in the shipping and freight industry used by various role players in the industry such as BCOs, freight forwarders and shipping lines..
A seafarer is never at the front or the back of a ship; they are at the bow or the stern. They are never on the left or right side, but rather port or starboard. They are never in their bedroom or the kitchen, but they might be in their cabin or in the galley. A ship’s speed is not measured in miles or kilometres per hour, but rather in knots. A ship, of course, is referred often as “she” and not always as “it”.
These are the things we might think of when we hear a phrase like “Maritime English”.
These are some of the headlines you might have seen across many media, all with one common factor “blank sailings”..