An NVOCC and their role in container shipping
NVOCC is one of the terms you would have heard quite often in day to day business particularly if you are in the US or Chinese markets.. This article explains … Read more..
Shipping Jargon
Port and Starboard on a ship – what it means
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 … Read more..
FMC questions definition of “merchant” in carrier bill of lading
This definition of the term “Merchant” has caught the attention of the Federal Maritime Commission (FMC) who is soliciting public comment as to How VOCCs apply the term “Merchant” in … Read more..
Pre-Carriage, Carriage and On-Carriage explained
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..
What is GRI (General Rate Increase) in shipping and what is its implication..??
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 … Read more..
FAK it.. A deep dive into FAK rates and how it works..
The process of global trade is simple to look at, especially if you look at it from the outside.. There is a buyer who needs a product ; There is … Read more..
Precautions to take against loss due to abandoned cargo
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 … Read more..
Carriage ban looming for ship owners and operators – IMO2020
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 … Read more..
Difference between bulk and break bulk
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 … Read more..
Freight benchmarking and its benefits
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 … Read more..
Do you speak Maritime English..??
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, … Read more..
What is a Blank sailing..??
Trans-Pacific carriers accelerate blank sailings More blank sailings spell volatility for trans-Pacific AE2-blank-sailing-announcement-Europe-Services – Maersk Falling US imports spell more trans-Pacific blankings Soft demand and falling rates push 2M to … Read more..
Freight Forwarder and Clearing Agent
There are several entities involved in the successful transportation of a shipment.. However big or small a shipment is, two entities stand out due to the importance of their roles … Read more..
What are “lost slots”..??
As container shipping has evolved over the years, so have the methods of carrying cargo and types of cargo being carried.. Open Tops and Flat Racks are two of the … Read more..
Shipping Jargon : Street Turn
There is a new shipping jargon in town and it is called Street Turn.. It is a charge about to be implemented by a few of the shipping lines.. This … Read more..