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Wednesday , October 17 2018

Simple formula for Paying unnecessary air freight on the volumetric weight

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All freight movements are subject to weight-to-volume calculations to obtain a volumetric weight versus the actual weight. Freight is then charged on the larger of the two weights to ensure a minimum yield for the movement of the freight. With air freight every cubic metre (m3) of freight is considered …

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Maritime Industry

In this article we unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected, starting with some simple definitions of these terms.. Maritime Industry = anything related to the ocean, sea, ships, navigation of ships from point A to point B, seafarers, ship …

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The UAE and Saudi Arabia will be the first two countries to launch VAT from January 1

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. …

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Freight Forwarding BPO

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 …

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How to Calculate Chargeable Weight for Air Freight Shipments

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 …

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Difference between Freight Forwarder and NVOCC

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 …

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Benefits of Selecting an Independent Freight Forwarder

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 …

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Difference between vessel name and voyage number

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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 …

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Freight Terms

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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 …

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Starting Export and Import Business Guidelines

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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 …

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The Ultimate Guide to Tax Deductions for UK Companies

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 …

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Volume Weight Converter Formula

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) ————————- …

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The Geography of Transport Systems

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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 …

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