To register VAT in UAE – https://eservices.tax.gov.ae/en-us/login The Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing selected sectors that will be assigned zero-rated tax, such as education, healthcare, oil and gas, transportation and real estate. …

BPO DEFINITION – BUSINESS PROCESS OUTSOURCING (BPO) is basically outsourcing some of the non-essential internal business activities and operational process to a contracted third-party service provider thereby transferring responsibilities to perform as per agreement. In Freight Forwarding & Shipping industry, there are lots of coordination and data entry work required …

The Chargeable Weight of Air Freight shipments are calculated as the Actual Weight (Gross Weight) or the Volumetric (also called Volume or Dimensional) Weight of the shipment, whichever is the greater. This uses an estimated weight that is calculated based on the dimensions (length, width and height) of a package …

This post describes the main differences between an international freight forwarder and an NVOCC according to the Federal Maritime Commission (FMC) of the United States. Most of the information in this post is taken from the FMC’s own website. Ocean Transportation Intermediaries (OTIs) are either Ocean Freight Forwarders or Non-Vessel-Operating …

Benefits of partnering with an independent freight forwarder There are many questions to ask when deciding on whether to choose a large multinational freight forwarder or a small independent freight forwarder for international and domestic logistics and freight services. This post will go through the question of “Why Choose an …

Vessel name and Voyage number We have already discussed about difference between mother vessel and feeder vessel in this web blog. Let us discuss about vessel name vs voyage number. Vessel name with voyage number are mentioned in Bill of lading of each shipment issued by carrier of goods. Some …

Thanks to Freight Center FREIGHT RELATED TERMS Freight Agents Freight Rates Freight Cost Freight Quotes Freight Broker Freight Haulers Freight Hauling Interstate Freight Ground Freight Heavy Freight Freightways Consolidated Freight Container Freight Cargo Containers Discount Freight Domestic Freight Expedited Freight Find Freight Freight Class Freight Bill Audit Freight Consolidation Freight …

Starting Export Business Guidelines The main objective to present “How to Export Guide“, is to help Export Import community to understand the practical process of starting a Export Import Business. “How to Export Guide” has been especially designed for start ups, small- and medium-sized enterprises that are considering diversification in …

This is one of the common questions among readers about house bill of lading and master bill of lading. What is House Bill of Lading? What is Master Bill of Lading? How to differentiate Master Bill of Lading and House bill of lading? What is HBL? A bill of lading …

Thanks to Mr.Paul Ainsworth – The Financial Management Centre. The Ultimate Guide to Tax Deductions #1. Accommodation #2. Professional fees of your accountant #3. PR, advertising and marketing costs #4. Christmas party and other ‘annual events’ #5. Bad debts i.e. when invoices are not settled #6. Bicycle mileage #7. Business …

Volume Weight Converter Formula Air Freight Dimension In Centimeters L x B x H x No.Ctns = Vol.Weight ———————– 6000 Dimension In Inch L x B x H x No.Ctns = Vol.Weight ———————– 366   Sea Freight Dimension In Centimeters L x B x H x No.Ctns = CBM(M3) ————————- …

The Solas Container weight verification requirements Click here to download

Very useful information about Transport System with Examples. The mobility of people, freight and information is fundamental to economic and social activities such as commuting, manufacturing, distributing consumption goods, or supplying energy. Each movement has a purpose, an origin, a potential set of intermediate locations, a destination.Transport systems are the …

1.    DEFINITION OF ICD/CFS An Inland Container Depot / Container Freight Station may be defined as :- A common user facility with public authority status equipped with fixed installations and offering services for handling and temporary storage of import/export laden and empty containers carried under customs control and with Customs …

In order to answer this question, let’s explore the functions of the bill of lading in detail.. A Bill of Lading (B/L) has 3 basic functions or roles as below (in no particular order).. 1) Evidence of Contract of Carriage The B/L is the EVIDENCE of the contract of carriage entered into between the …