If you are new to using a freight forwarder, or maybe have been using one and had not thought to ask about credentials, here are three things your freight forwarder must have. OTI/NVOCC License Choosing a freight forwarder that doesn’t have an OTI/NVOCC license is a BIG mistake and can cost you a fortune because there are freight forwarders that operate without an NVOCC license. This license, issu...
Vietnam’s economy is one of the fastest growing in Asia — and given the current state of trade in the region, the country is well positioned to continue the expansion of its $200B GDP through export growth. According to Bloomberg, Vietnam already ranks third worldwide for the best-performing market with plenty of additional upsides and the promise of more foreign investment to come. New Investment...
With the China-U.S. trade dispute and higher tariffs getting a lot of headlines, there’s growing discussion about the many global companies looking for alternatives to China for sourcing manufacturing and materials. Near, or at, the top of the list companies are looking at is Thailand. The country is already benefiting from the dispute and hopes this is a trend that will continue. Thailand is a re...
Today’s supply chains move quickly, and often involve many different pieces from different locations that need to be brought together and delivered on time. This means the freight forwarder you select should be able to pull a lot of different parts together in a way that will optimize processes, reduce costs, and provide consistent service. These tips will help you choose the freight forwarder tha...
Let’s set the record straight about freight. If you don’t handle your freight correctly, it could end up costing your company more than just profits. Customer retention and your reputation also rely heavily on your shipping strategy. Misconception #1: Thinking that freight forwarders have unlimited credit with the carriers they use and can be used like banks is incorrect. Freight forwarders do not...
Choosing a freight forwarder who is reliable, offers competitive rates, and is a good fit for your business is no easy task. With so many freight forwarders in the industry, and so many factors that need to be considered, it can become an undertaking. While what to look for in a freight forwarding company is often talked about, there are a few things that should be avoided as well. Unbelievably Lo...
Definition An Ocean Bill of Lading (OBOL) is a legal document that represents a contract between a shipper and carrier of specified goods. The document acts as a receipt for the load of cargo, and as a legal contract between the shipper and carrier for their transportation. To name this document an Ocean BOL indicates that the goods are being transported overseas. The type, quantity, condition and...
Definition What’s the difference between gross weight and chargeable weight when using airfreight? Those new to global trade and studying their first bill of lading may notice two weights for their shipment – the Gross Weight (GW) and the Chargeable Weight (CW). This applies to shipping via airfreight or ocean freight. The two represent different weights. The Difference Between Gross and Chargeabl...
Peruvian Andean civilization has been producing high-quality cotton for more than 4,500 years. The Peruvian Pima cotton blend is well-recognized as a higher-quality, finer, softer, more durable fibre. Learn about the success stories in Peru’s garment industry. Peru Cotton Production The top cotton producers in the world are China, India, the United States, Pakistan and Brazil. In 2006, the Peruvia...