Tuesday, November 29, 2022

Trade

Africa Trade & Customs Week Summit, the largest customs summit in the region is set to take place from the 7th – 9th of November 2022 at the prestigious Protea Hotel Balalaika in Sandton, Johannesburg South...
An industry survey of 400 logistics executives and supply chain experts by CargoX, found that (among other issues), 45% of respondents said issues of interoperability and collaboration with other digital platforms were a major obstacle in...

Why is there a problem in the adoption of digital trade documentation transfer

An industry survey by CargoX points to a lack of knowledge on electronic trade document transfer as a major barrier to its adoption...

Africa Trade & Customs Week Summit set for the 7th – 9th of November 2022

Africa Trade & Customs Week Summit, the largest customs summit in the region is set to take place from the 7th – 9th of...

Understanding the current state of Electronic Trade Document Transfer

The concept of electronic documentation in global trade has been around for decades, but despite millions of dollars invested in the latest technology and...

Less than 12 days to go for Africa Trade & Customs Week – claim your spot now

The Africa Trade and Customs Week Summit is upon us. Starting on the 11th of July 2022, the summit will serve as the global...

How the Ocean Shipping Reform Act 2022 will address US supply chain disruptions – or not..

The Ocean Shipping Reform Act of 2022 (OSRA22), was passed by Congress on the 13th of June 2022.. Naturally, there have been bouquets and...

Mutually enforceable contracts are key to overcoming future supply chain crunch – Fact Finding 29

- Drastic ocean freight rate increase due to market forces of supply and demand - A dozen recommendations made to alleviate US supply chains disruptions -...

Africa Trade & Customs Week – Customs, Compliance, Innovation and Trade Facilitation set to come together

Africa Trade & Customs Week Summit the largest customs summit in the region taking place from the 11th -13th of July in Durban comes...

Is a bill of lading by any other name still a bill of lading..??

As we know, a Bill of Lading (B/L) is one of the most commonly used commercial documents in the history of global trade and shipping.....

Bolero and TradeLens join forces to accelerate electronic bill of lading adoption across the global shipping industry

London, Hong Kong, Singapore & Tokyo, 29 March 2022 – Bolero International, the leading provider of cloud-based trade finance digitisation solutions, announced today a collaboration with TradeLens, the blockchain-based global trade...

How does demurrage, detention and port charges work..??

Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges..

Let me explain how demurrage, detention and port charges work..

Are US exporters really being shunned by the carriers?

The Port of Los Angeles posted another record performance in February 2022 breaking its own record, handling 857,764 TEUs which is an increase of...

Impact of War on Maritime Trade Flows – AMICIE Webinar

The risk of war is nothing new to the shipping, freight and maritime industry, having navigated through many of these situations.. Many charter parties include...

2021 – The Year of the Carrier and Supply Disruptions.. Shipping and Freight Resource – Annual Review 2021

This is the Annual Review of the shipping and freight industry in 2021 by Shipping and Freight Resource.. This is an in depth look into what transpired in our industry in 2021 in terms of the maritime and global trade, shipping and freight practices, Global Shipping Alliances, Carriers and their profits and mostly about the disruptions surrounding supply chain.. Welcome to The View from the Top..

Rebecca Grynspan becomes the first woman Secretary General of UNCTAD

Rebeca Grynspan of Costa Rica will be the new head of UNCTAD, the United Nations trade and development body. Her nomination to the post by UN Secretary-General António Guterres was approved on 11 June by the UN General Assembly.

Ms. Grynspan, a Costa Rican economist and former vice president of the Central American nation becomes the first woman and Central American to be appointed secretary-general of the UN’s trade and development body. Ms.Grynspan is the current Ibero-American secretary-general.

What are the main causes of Demurrage and Detention

In one my previous articles, I explained the Difference between Demurrage and Detention..

After reading this, a few of my readers have asked me to explain the causes of demurrage and detention..

There are several reasons a container(s) can incur demurrage and/or detention or combined demurrage and detention.. Here are some of the major reasons..

Cargo Tracking Note – what is it and where is it used in shipping?

The Electronic Cargo Tracking Note (ECTN), also known as Bordereau de Suivi Cargaison (BSC) and other names depending on the country, is an official marine document that contains information relating to the cargo and its movement between ports.

This document is required to be submitted to the shippers’ councils in most countries of Africa. Every cargo exported to these countries, whether it is commercial, personal or charity, must have this ECTN certificate.

Hire payment in time charters: a condition or not – a legal perspective

Chartering is an important concept of the global maritime trade sector and it consists of different types. One of the forms of carrying out a maritime business is a time charter. Under a time charter, the owners undertake to place their ship at the disposal of the charterers for a defined period of time for the carriage of goods in accordance with the charterer’s instruction, while the ship remains in both the ownership and possession of the owners, and the officers and crew who man her will be the employees of the owners, not the charterers. In this article we are going to look at some particulars of time charters and, in particular, New York Produce Exchange Form 1993 (NYPE 1993) recommended by BIMCO and FONASBA.

What’s next, for the Ever Given and the shipping and freight industry

Many journalists and Twitteratis around the world might be having withdrawal symptoms after the Ever Given has been refloated from being stuck diagonally across...

6 points to help you compete in the shipping and freight industry

Competition is one of the constants in business, something that can spur you on and make you better or something that can bring you down..

Every industry has competition in varying degrees.. Some companies look at their competition and say "Yeah ok, whatever" (think Google/Facebook).. Some companies look at their competition and say "Oh crap, that's close" - like a lot of companies in the shipping and freight industry..

While competition comes in various forms, there are several cases where you may really struggle to find a way to stand out from your competition..

Let me explain further with some examples relatable to the shipping and freight industry..

Ngozi Okonjo-Iweala – first woman chief of World Trade Organization

The World Trade Organization has officially selected Dr.Ngozi Okonjo-Iweala, a Nigerian economist and former finance minister, to be its next chief making her the first woman and the first African to lead the World Trade Organisation.

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