freight - News_GT Global Transportation Networkpage9

Who is a Consignee?

August 23, 2022 3905 Read More

A consignee or an importer is the entity that receives the goods sent by the shipper or exporter. He is the receiver and

Who is a Shipper?

August 22, 2022 4341 Read More

A shipper or an exporter is the party that takes up the responsibility of packing goods and shipping them from one place

What is Inbound Logistics?

August 21, 2022 3826 Read More

Inbound logistics refers to the inflow of raw materials from suppliers to manufacturing facilities. It includes the proc

What is Outbound Logistics?

August 20, 2022 4111 Read More

Outbound logistics is the outflow of goods from the company to its clients. It involves the movement of goods from the e

How do FFAs work?

August 19, 2022 6802 Read More

A Buyer and a Seller comply with trade an FFA contract and through their broker, they're going to agree on the route

What is the importance of FFA in the Air Cargo Movement?

August 18, 2022 6639 Read More

Forward Freight Agreements initially appeared in 1991 which was developed by H. Clarkson and Co. Ltd. However, the use i

What are the taxes applicable on Air Freight?

August 17, 2022 8578 Read More

Several taxes are levied on air freight services and understanding them is vital if the corporate wants to use air freig

Air Freight charges explained (FSC & SSC)

August 16, 2022 12908 Read More

Fuel Surcharge or FSC:Fee assessed by a carrier to account for regional / differences due to the season in fuel costs. A

What are the pros & cons of Air Export-Import?

August 15, 2022 7967 Read More

What are the proscons of Air Export-Import?ProsConsHigh speedHigh costAllows Transport of Perishable GoodsHigh RiskNo In

What is IATA?

August 14, 2022 6580 Read More

The Indian airline trade association is an association of the world's airlines founded in 1945. IATA is the system t

Air Freight-How to calculate Volumetric weight?

August 13, 2022 5542 Read More

All means of freight transportation are ruled by weight and cubic measurement factors, where the carrier will charg

Air Freight-How to calculate Chargeable Weight?

August 12, 2022 7142 Read More

If weight in kgVolumetric weight:Step 1:Calculate the capacity of the air freight shipmentStep 2:Convert cubic inches in

What is de minimis value?

August 11, 2022 7108 Read More

The duty or tax-free amount is known as ‘de minimis value.’ It is a country-specific value and taxes are exempted belo

What are the taxes applicable on Ocean Freight?

August 10, 2022 6946 Read More

Shipping goods is quite a complex process and an integral part of this process is dealing with a wide range of taxes inv

What are port charges?

August 09, 2022 7052 Read More

As the name implies port charges refer to the charges levied by port authorities on the containers it handles. Some of t

How to determine Ocean Freight Rates?

August 08, 2022 6726 Read More

Majority of businesses across the globe rely on the ocean for moving their goods internationally. Ocean shipment is know

How are detention and demurrage charges calculated?

August 07, 2022 6658 Read More

Here is an example to demonstrate how detention and demurrage charges are calculated:A container is discharged off a shi

What are port free days and line-free days?

August 06, 2022 6556 Read More

Port free days refers to the number of days for which a port allows the importer to keep the containers in the port area

What are detention and demurrage charges?

August 05, 2022 6465 Read More

Detention chargesDemurrage chargesDetention charges are levied by the shipping line to the importer when the importer ta

What is the difference between NVOCC and freight forwarders?

August 04, 2022 6148 Read More

Freight forwardersNVOCCFreight forwarders provide consultancy services and help the shipper with customs-related documen

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