There are two distinct categories of logistics organizations that work to make it easier for commodities to travel from one location to another. These companies are known as freight forwarders and non-vessel operating common carriers, respectively. Although both kinds of businesses offer services that are comparable to one another, such as the coordination of transportation, the clearing of custom...
The National Motor Freight Classification (NMFC) system is a standard method that is used by the trucking industry to categorize and rate various types of commodities for less-than-truckload (LTL) transportation. Its full name is the National Motor Freight Classification. The NMFC is a standardized system that categorizes each product into a certain commodity class according to its density, ease o...
Verified Gross Mass (VGM) is a measurement of weight that is used in the shipping industry to assure the safety and security of cargo containers. This measurement was developed in the 1970s. Before the cargo is put into the ship, it is the shipper’s job to provide the VGM to either the carrier or the terminal, regardless of whether it is an individual or a company that is doing the sending of the ...
The Long Beach Container Terminal has a long and illustrious history that dates back to the early part of the 20th century and can be found at the Port of Long Beach, which is located in the state of California. The port itself was founded in 1911, but it wasn’t until the 1950s that construction on the container terminal that we are familiar with today began in earnest. The Long Beach Container Te...
Any company that participates in foreign trade, including importers in the United States, should give serious thought to obtaining cargo insurance at the very least. The fundamental objective of cargo insurance is to offer financial protection in the event that valuable items are stolen or damaged while being transported. As a consequence of this, cargo insurance can offer an additional layer of p...
Here are some of the top news stories in freight for February: On March 18, 2023, CBP will deploy the Uyghur Forced Labor Prevention Act (UFLPA) Region Alert enhancement to the Automated Commercial Environment (ACE). This enhancement will provide an early notification to importers and their representative of goods that may have been produced in the Xinjiang Uyghur Autonomous Region (Xinjiang or XU...
The Carriage of Goods by Sea Act (COGSA) is a federal legislation in the United States that regulates the rights and liabilities of parties involved in the shipment of goods by sea. It was enacted in 1920 and has since been amended several times. The “Hague Rules” are the name of an international agreement that was enacted in 1924 by the International Convention for the Unification of Certain Rule...
The International Maritime Organization, also known as the IMO, is a specialized agency of the United Nations that is in charge of regulating and promoting safety and security in the shipping industry in addition to protecting the marine environment. Its official name is the International Maritime Organization (IMO). The International Maritime Organization (IMO) was created in 1948 and currently h...
The concept of general average is a legal theory that dates back centuries and has its roots in maritime law. The notion behind the general average principle is that in the event of unforeseen and extreme occurrences, such as shipwrecks or hurricanes, all of the parties involved in a voyage should share in the losses that have been sustained. This is the basis for the general average principle. Wh...