A review of Haven Inc’s TMS for global shippers

shipping and freight resource review 2019

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..

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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..

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Should ship Captains be personally responsible for the safety of cargo on board..??

what is your opinion

The Master of the APL England was charged for offences relating to pollution and/or damage of the Australian marine environment as a result of poor cargo loading but has been allowed return home on certain bail conditions while the ship is still detained in Brisbane..

A look at some of the comments from some Captains, seafarers and industry experts on whether ship Captains be personally responsible for the safety of cargo on board..??

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Government of India drives digitalization of the bill of lading and trade documents with Portall and CargoX

Government of India

India is digitalizing its bills of lading and other trade documentation workflows as one of the last missing elements within the country’s electronic Port Community System (PCS).

The PCS, offering the P-CaSo curated marketplace of specialized services, was built by Portall Infosystems, and they have integrated CargoX’s Platform for Blockchain Document Transfer (BDT).

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Industry bodies call for digitalisation to be accelerated in maritime sector

shipping and freight news

There is an urgent need for inter-governmental organisations, governments and industry stakeholders concerned with maritime trade and logistics to come together and accelerate the pace of digitalisation“..

This is the message from several industry bodies representing a range of shipping, port, cargo handling and ship operating organisations..

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The beginning of the end for the Paper Bill of Lading

My Opinion

Many things have changed in the last 30 years in shipping and freight..

Many positive new developments have taken place with things from the vintage days of shipping either obsolete to almost obsolete now..

If you look at many of the news items about the industry recently, there has been a certain buzz and intensity around the electronic bill of lading..

I am fairly confident that people entering the shipping and freight industry in the next decade will be told that 2020 was the year that saw the beginning of the end for the paper “Bill of Lading” and the year in which the switch to “Electronic Bill of Lading” (eBL) began in earnest..

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Investing in freight technologies – are you ready..??

investing in freight technologies

COVID-19 has created an unprecedented disruption in the global supply chain.. 67% of supply chain professionals say that investing in freight technologies is the only way forward.. Take this quick 5-minute survey to check your readiness..

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ONE more line goes the route of Electronic Bill of Lading

featured image for EBL

Probably not related to COVID-19 but right on time, Ocean Network Express (ONE), the world’s sixth largest container line became the latest shipping line to offer fully electronic bills of lading to their customers..

As we have seen, we are in a unique moment in history as COVID-19 sweeps through the world affecting all countries around the world and in many cases disrupting the flow of physical documentation flow, especially with regards to Original Bills of Lading..

ONE announced recently that they handled their first ever electronic negotiable Bill of Lading (eB/L) using essDOCS’s paperless document solution, CargoDocs..

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Coronavirus COVID-19 and Bill of Lading

electronic bills of lading - shipping and freight resouce

Last year, I asked a question “Electronic bill of lading – are you and your country ready for it..??”..

This question could not be more relevant TODAY, considering the current circumstances, and the impact COVID-19 on the shipping and freight industry..

An electronic paperless bill of lading is a bill of lading issued electronically instead of being printed on paper and issued physically to the customer as a hard copy..

Whether using an electronic paperless bill of lading issued on the back of a Blockchain based platform or a Bolero based platform, these electronic bill of lading options are said to fulfill the functions in the same manner as a traditional paper bill of lading..

Many believe that the electronic bill of lading will be a game changer in the shipping industry with faster, efficient transactions, reduction in costs with greater security and less risk..

However, there were concerns on the issue of safety, security and acceptability relating to the transmission and receipt of electronic paperless bill of lading and in several cases it was required to check whether the carrier and country were ready for electronic paperless bill of lading..

Currently, we are in a unique moment in history where as per reports, COVID-19 has affected all countries around the world.. And this my friends is a time when almost all shipping lines and customers would be wishing that they had access to Electronic Paperless Bills of Lading..

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Don’t wait for a smart container – make your container’s trip smart

An increasing need for container tracking

In today’s global trade, handling of container transport and supply chain is not that easy and comes with a plethora of problems. Lack of visibility is one of the main problems that customers face.

Lack of visibility of a shipping container’s location and its condition during a trip may lead not only to unexpected delays but also to possible theft and deterioration of goods especially if these problems are noticed far too late.

In many situations, it is also difficult to ascertain and be assured that the goods have traveled in the optimal condition especially with perishable cargo or hazardous cargo shipments.

Without visibility, shippers cannot expect the fastest, safest and importantly, the most ecological routes for their shipments.

Time saving and product quality are key factors in a well functioning supply chain, and more and more companies are looking to choose solutions that provides visibility of their shipments.

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