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Tuesday , December 11 2018

Maersk/MSC – illogical Emergency Bunker mess

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Maersk Line and MSC   have introduced emergency bunker surcharges, and market rumors are that more carriers are about to introduce something similar. But the implementations announced now are not logical and seems more to be fueled by a need to do something urgently, than a need to implement a …

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INACCURATE SHIPPING DETAILS

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INACCURATE SHIPPING DETAILS All shipments are quoted, rated, and booked based on the information provided by the customer. To receive the most accurate quote possible, it is vital to ensure the quantity, weight, dimensions, and freight class provided are correct: Quantity – Based on the number of identical packages. Weight …

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SHIPPING BILL

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SHIPPING BILL: It is the document to be filed by exporter or his authorized customs broker with customs at the time of export.

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LETTER OF CREDIT

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LETTER OF CREDIT: Bank-issued document authorizing transfer of funds from buyer to seller under established terms and conditions in international transactions. A written commitment with regard to payment (Subject to meeting certain terms and conditions) given by the importer’s bank on behalf of the buyer to the exporting bank or …

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MATE RECEIPT

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MATE RECEIPT: A declaration issued by the chief officer of a vessel stating that certain goods have been received on board his vessel. It is similar to dock receipt, this evidences that receipt of a shipment onboard the vessel. It is not a document of title and is issued as …

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Surrender B/L

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SURRENDER BILL OF LADING: Surrender B/L or surrender message is issued when Original set of Bill of lading is surrendered back at Origin. Either surrender chop will be updated on the B/L or separate surrender message will be issued. In both the cases liner/forwarder who issued the surrender B/L will …

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AIRWAY BILL : AWB

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AIRWAY BILL: It is the shipping document used for the transportation of airfreight that includes conditions, limitations of liability, shipping, instructions, description of commodity, and the applicable transportation charges. It is usually similar to a non-negotiable bill of lading and is used for similar purposes

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Delivery Order : D/o

Delivery-order

Delivery Order : D/o A Document authorizing delivery to a nominated party of cargoes in the care of a third party. The document is issued by a carrier or a forwarder on surrender of a bill of lading and then used by the merchant to transfer title by endorsement.

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Ensure Preventive Maintenance

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Ensure Preventive Maintenance The truth is, when you handle your logistics in-house, you have total responsibility over maintaining all aspects. If something breaks down, you are tasked with fixing it. A 3PL partner with a vested interest in delivering the best service possible will continually keep all equipment maintained proactively. …

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Technology: Warehouse Management Systems (WMS)

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Use Warehouse Technology and Tools There are some companies that continue to rely on manual processes such as Excel spreadsheets or outdated software programs. A 3PL partner will have technology like order management systems, warehouse management systems, and transportation management systems. This means that you can allocate inventory in different locations …

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