We discussed demurrage in the previous week, and went into detail about why you are charged, how much you may be charged and what the process is. But if that is demurrage, what is detention in logistics terms? That is easily explained, read on. What is Detention? The process of a container arriving at the… Read more »
The terms demurrage is used greatly in the logistics world. Essentially they are considered fees that are levied for when cargo is held at a terminal or container warehouse for a lengthy period of time. Let us explain. What does demurrage mean? Once a shipment arrives at its port (be it rail, air or sea),… Read more »
With globalization and reach of consumerism spreading to all parts of the world, as with people moving to different parts of the world be it for personal or career reasons, the need for overseas shipping has increased. There is a great need for means of transporting goods and/or merchandise via overseas shipping, and ensuring that… Read more »
The point of the matter is that, almost always, when sending cargo to Sri Lanka or any other destination, originating from the same port, the choice of shipping term makes all the difference in transit time when choosing FCL versus LCL. For instance, when sending cargo to Sri Lanka on FCL basis, you will almost… Read more »
In our previous blog post, What Brexit means for Global Trade, we looked at the implications on the United Kingdom leaving the Europe Union referendum. We also looked at how that would ultimately affect trade relations within the EU Member States and its reliance on the Single Market policy established by the EU for hassle… Read more »
Brexit has caused much discussion and deliberation in the recent past between government and countries in global trade with the United Kingdom, investors, and even stock exchanges to name a few. Brexit concerns the United Kingdom’s European Union referendum and it’s exit from the EU, which has affected trade between the United Kingdom and the… Read more »
If you are an early planner, looking for great deals for your Christmas gifting, and especially when you send gifts overseas, we have some great Christmas gift ideas in store for you! If you have your family’s wish list in hand, that would make your Christmas shopping an easier task. Here are some ideal stocking… Read more »
Instant delivery and gratification has become the cornerstone of e-commerce and with it, the global air cargo industry has been a great facilitator in ensuring that the supply meets demand. Whilst e-commerce is a more recent commodity, the like of global air cargo has helped with the demands and supply of perishable cargo logistics every… Read more »
The packing symbols that is applied on a cardboard box or shipping crates function as safety and handling guides so that during shipping the contents within are safeguarded. These packing symbols are used universally and are international shipping standards. Let’s look at a few of them! Let’s take the above six packing symbols first. Keep… Read more »
Taking a quick look at the world merchant fleets in action in the last few years, showcasing a steady 3.3% increase in deadweight tons (dwt) terms. World merchant fleets are classified as those that include ships of 10,000 gross tonnage (gt) or over. If you were to look at mid last year (2016), there were… Read more »
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