In one my previous articles (which is also the MOST READ article on this site) 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.. So here goes.. There are several reasons a container(s) can incur demurrage and/or detention …
Where do freight brokers fit into the future of freight..?? Within the transportation industry, freight has come under a watchful eye as digital disruption, acquisitions and mergers, and higher-margin business models have erupted throughout the space. While there are various opportunities for certain aspects of the freight business, there are as many potentially disruptive factors, …
You did read the title correctly.. Do you want to ship liquid cargo in bulk in a container..?? No problem.. Thanks to innovative ideas it seems there is a solution to everything (well almost everything) in shipping and freight.. In one of my previous articles I wrote about What is a Flexi Tank and in another …
Shipped on Board Date and Bill of Lading date If you are involved in global trade, exports, trade financing or in the banking sector, especially where documentary credits like a Letter of Credit is involved, you might have noticed the term SHIPPED ON BOARD mentioned.. This is an important notation on the Bill of Lading.. Just …
How do I identity all related charges in addition to freight in a shipment..?? This is a question from a reader of the blog relating to global trade and documentary credit.. My question is regarding Charges in addition to Freight. UCP 600 Article 26(c) states that it is acceptable that a transport document bears a …
As far as container shipping is concerned, the current decade or the period since Y2K has probably seen the most number of consolidations, mergers, acquisitions and alliances than any other period in container shipping history.. While it may not have been driven by the spectacular collapse of Hanjin Shipping (2016), the resolve by the container …
A brilliant question.. But before discussing the answer, let us first look at some definitions.. Bill of Lading means the transport document issued by a carrier undertaking the carriage of goods from point A to point B to the Merchant.. Carriage means the whole or any part of the operations and services undertaken by the Carrier in respect …
What is the difference between a shipper owned container and carrier owned container.. Well, from these two terms, the difference should be pretty obvious – a shipper owned container is a container owned by the shipper of the goods and a carrier owned container is a container owned by a carrier.. But the question may …
If you are in the business of international trade, customs clearance, freight forwarding or logistics, you would have no doubt heard about a Certificate of Origin.. In this article, we will look at what is a certificate of origin, why it is required, who issues it etc.. Well, in the beginning there was a Trade …
As each year passes by and paves the way for a new year, it does so with some changes and developments.. Some good, some bad, some foreseen, some unforeseen.. 2017 also had its share of these changes and developments as we step into 2018.. Politically, global events of 2017 started off with Donald Trump’s unexpected …