Shipper ire rises with D&D costs

D&D as Federal Maritime Commissioner (FMC) Carl Bentzel refers to the static charges for cargo stored at ports, remains a contentious issue in the US as charges rack up and delays and congestion at ports remain a significant difficulty for shippers.

The Suez blockage and its implications on trade and visibility

blank

Much like COVID-19, the Suez Canal crisis was an incident cut from the same cloth in paralyzing maritime operations—albeit in different means. While the pandemic shrunk port operations due to the necessity of social distancing, the Ever Given sealed shut the maritime bottleneck between Asia and Europe. Running aground and staying there for six days, the Ever Given stopped over 400 vessels from reaching their destination ports across the two continents.

How to Lower Your Ocean Freight Costs

blank

Some of the significant challenges for shippers and freight forwarders are understanding freight costs, lowering the ocean freight spend, and realizing better margins. While market trends and dynamics play a major role in determining your freight cost, having access to critical visibility data ensures that businesses can utilize data to better predict market fluctuations and trends.

Know your Incoterm: DDP vs DAP

blank

Incoterms are integral to global trade and commerce. The International Chamber of Commerce introduced a set of Incoterms or International Commercial Terms that are globally recognized. Incoterms enable global trade by clarifying buyers’ and sellers’ obligations and responsibilities and preventing confusion in various domestic and international trade contracts.

“When will my order arrive?”

blank

Bikes, fitness equipment, furniture, computers, consumer electronics: if you’re currently waiting for an order to be delivered, you might have to wait months – and you won’t be the only one by a long way.

Know your Incoterms

blank

Incoterms or International commercial terms are the universally accepted trade rules introduced by the International Chamber of Commerce to facilitate global trade and commerce. The primary purpose of Incoterms is to avoid confusion in international trade contracts by clearly defining the responsibilities of buyers and sellers globally.

The FMC Responds to Current Shipping Challenges

blank

The ocean freight industry has been dealing with an unprecedented set of challenges brought about by a shortage of shipping containers. These challenges are not only driving up shipping costs, but are creating a ripple effect throughout much of the global supply chain.

The Importance of Knowing ETAs When Shipping Ocean Freight

blank

While shipments are always scheduled, delays are inevitable making the estimated time of arrival or an ETA is an educated guess, in most cases, as to when the package will arrive at its destination, through whatever means of transportation is used.