Blockchain seems to have become a prolific “enabler” of businesses, particularly in the shipping and freight and trade industry.. Whether in its use by Banks and Shippers to create Trade Finance documents; or creating and transmitting smart bills of lading; or setting up a blockchain-based marketplace app for trading in coffee; or making documentation easy …
The Incoterms® (abbreviation of International commercial terms) rules were developed by the International Chamber of Commerce to facilitate international trade and for the interpretation of the trade terms that the parties to a contract of sale could agree to apply.. Incoterms® were first introduced in 1936 and were revised in 1957, 1967, 1976, 1980, 1990, 2000 and …
Further to our previous update on Yantian Express and its General Average situation, new information available from ONE states that the vessel repairs are now nearing completion and a declaration of seaworthiness is expected shortly for the vessel.. The Yantian Express has been in Freeport, Bahamas since early February 2019 after it went up in …
The International Maritime Organisation (IMO) maintains a “White List” which is a list of member states (countries) who have confirmed to the IMO’s Maritime Safety Committee (MSC) to be following the relevant provisions of the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1978 (STCW).. A position on the White List means …
“My container didn’t reach the destination as per the transit time you indicated….!!!!” This is one of the common disputes/complaints that shippers have with carriers.. What is transit time and can transit time be guaranteed in shipping..?? In very simple terms, Transit time is the time it takes for the carrier to move your shipment …
The Digital Era is really and truly upon the shipping and freight industry.. Investors are showing great interest in funding the digital capabilities displayed by the role players in this industry and one of the main role players who seem to be capitalising most on this seems to be the Digital Freight Forwarders.. One such …
As at the time of writing of this article, 244 days is what is left before ships have to comply with #IMO2020 (I actually put up a countdown timer on my sidebar).. IMO2020 has been covered in much detail across many articles on this blog, so I won’t repeat it, but here is a summary.. …
Look around you. Your phone, your computer, your cup of coffee: 90% of everything you use comes by sea, transported by an often-invisible workforce of 1.6 million seafarers. Without them, we would miss most of the things we rely on every day. To bring those things to us, seafarers in turn miss many of the …
As may be aware, a Freight Forwarder is a multi-function agent/operator who undertakes to handle the movement of goods from point to point on behalf of the cargo owner.. The essence of freight forwarding is to ensure that the cargo is picked up from the seller and delivered to the buyer at the required place, …
The digital era for supply chain is well under way.. Technology and supply chain having seemingly become inseparable.. Technologies such as Blockchain, IoT, Big Data, Machine Learning, Artificial Intelligence are all finding their niche in the whole process of supply chain.. Whether it is in terms of issuing a smart bill of lading to a …