freight - News_GT Global Transportation Networkpage8

Who is a Shipper?

August 22, 2022 3953 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 3608 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 3732 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 6575 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 6424 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 7180 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 10997 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 7754 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 6356 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 5290 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 6821 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 6855 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 6742 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 6635 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 6528 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 6427 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 6331 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 6241 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 5927 Read More

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

What is NVOCC?

August 03, 2022 6032 Read More

An ocean carrier that moves cargo under its own House Bill of Lading or an equivalent document and does not operate the

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