This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Shipping Business = the act of carriage of cargo from point A to point using the ships which falls under the Maritime industry.
In shipping, documentation, freight insurance, terminal problems, and trucking shortages are just a few of the problems we face today. But the biggest issue to address in the documentation category is the bill of lading (BL). There are two standard types of BLs, an express and original.
It is understood that the policy document will be submitted to the IMO as a proposal for further discussion and dissemination. The full statement about the need for digitalisation in the maritime sector to be accelerated can be downloaded here.
The world of ocean shipping, freight, maritime, logistics, supply chain, and trade is a complex world with stakeholders having to navigate a quagmire (always wanted to use this word in a sentence ) of processes, documents, regulations, and standards.
Lee Hong Liang has written an interesting article about the call for standards in maritimedocumentation. The desires of maritime operators to work as local optimizers has hurt … Continue reading → To my view, it’s no doubt needed badly, and has been for years.
The Danish Maritime Authority said that the ship provided insurance documentation from Gard AS, but Gard said it wasn’t the insurer at the time of the collision.
From a supply chain perspective, the documentation side can be arduos. In times to panic, you can see container rates shoot up from around $2,000 to over $20,000 on some routes, and this is when most people learn just how crucial ocean freight is to our global economy.
A carnet is an international customs document that allows the temporary importation of goods for commercial purposes to and from a country without having to pay duties or value-added taxes on the goods. The carnet allows us to use this single document for clearing the goods through customs.
Maritime Law Maritime law deals with the treaties, conventions, and laws related to nautical matters, especially private maritime business. Important Points: Maritime law deals with private maritime issues, offenses, disputes, and other similar matters. Originally, admiralty laws were specific to the Royal Navy.
This system has modernized the maritime inventory system. Besides maritime transport, the tracking system is also used for air, rail, and road transportation. You can include the details of two documents when preparing an AMS manifest: Importer Security Filling (ISF): It is documented before shipment. ISF 5, ISF 10).
VesselBot, a technology company that brings transparency to Scope 3 transportation emissions, has released the December 2023 edition of its comprehensive report titled ‘Decoding Maritime Emissions – Highs, Lows, and Green Leaders across global ocean routes.’
On February 28th, 2024, The Federal Maritime Commission made a final ruling on Per Diem billing requirements, set to go into effect on May 28, 2024. This ruling will impact all individuals who are currently shipping ocean freight as it will adjust current practices for billing timeliness, the billed party and the documentation requirements.
San Jose-based CargoSmart Limited , a provider of solutions that help shippers, consignees, logistics service providers, and NVOCCs manage their shipments throughout the supply chain has recently announced a new initiative to develop a blockchain solution for shipment documentation that will aim to improve the often complex supply chain processes.
A Bill of Lading (BOL) is one of the most important documents in the shipping process. The transportation documents used in maritime transports are generally referred to as a Bill of Lading. International maritime transport is carried out mostly as container transport. What is a Bill of Lading (BOL)?
The safe carriage of Dangerous Goods requires several considerations, processes of approval, acceptance , carriage protocols and documentation. IMDG Code (International Maritime Dangerous Goods) is a code adopted by the Maritime Safety Committee of the International Maritime Organization by resolution MSC.122(75)
Even in the digital world, this industry still demands several printed documents for transfer between countries. Nearly everyone started adopting digital solutions, such as software and ERP systems, and today, these processes are just a click away. Despite the advancements, a lot of manual work persists in the logistics industry.
The eBL, a digital version of the traditional bill of lading, is reshaping the way businesses manage and streamline their shipping documentation. The bill of lading is a crucial document in the shipping industry, serving as a receipt of goods, a contract of carriage, and a document of title. What is a Bill of Lading (BOL)?
Heads of the world's leading associations for the world port community met recently in London at the Baltic Exchange to establish a stronger, unified voice of the port sector in the maritime industry as a whole. "It IMPA - International Maritime Pilots Association. Navigating a Changing Climate. Taskforce Port Call Optimisation.
This was the year I was introduced to commercial documents, bills of lading, insurance, letter of credits, and a variety of other documents. I used to prepare most of the documents except for bills of lading. This will enable you to send your documents on time to your own customers. Can Fidan.
DNV GL’s Navigator Port software is used daily onboard several thousand ships worldwide for management of port documentation, assisting seafarers in navigating the administrative and regulatory complexity of port clearance and passage through controlled waters. In all, DNV GL says that paperwork can be reduced by up to 90%.
Whether digital or manual, the business of shipping involves a lot of documentation. Or forgetting the minus in -25° C when submitting the shipping documents to the shipping line or port. The Finished Product Name given by the client in the trade documentation could be Cover Girl Continuous Color Nail Polish. Image from : APL.
This unchallenged filing of the TradeLens Agreement is seen as having the potential to have a positive impact in the industry in terms of exchange of information, documents and to track the progress of cargo more efficiently along its route in the supply chain.
The world’s reliance on maritime transport makes it more important than ever to keep ships moving, ports open and cross-border trade flowing, and to support ship crew changeovers, the United Nations maritime and trade entities said in a joint statement. IMO Secretary-General Kitack Lim has endorsed a series of? protocols ?developed
Digitalization of documents, as well as blockchain-based solutions for many responsibilities and functions, is one of the main boosters of that disruption. The main concept behind these digital services is the possibility of managing all the necessary documents and data with multiple parties in one single platform. Digital Logistics.
In 2022, there were at least 38 documented instances in which protests or strikes affected port operations, more than four times the number observed in 2021.
Maritime transport is essential to the world’s economy because more than 90% of the world’s trade is carried by sea. The IT department has come out of the basement and onto the main floor,” Rudy Muller, senior manager of IT at MVII terminal, said in an article on IoT in maritime. [ trillion globally.
The maritime shipping leg the country of export to the country of import. Documentation fees. Then there are the rules of maritime shipping, which become even more complicated if your freight includes hazardous materials. The domestic transport in the country of import. A Multitude of Cost Components. Export fees.
The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. million per event.
Both regulations provide strict requirements for marking of packages, vehicles and transport containers, requirements for the documentation, and that of storage and segregation. Transportation from exporting ports to the national receiving port is by air or sea and have specific requirements both nationally and for international commerce.
Federal Maritime Commission (FMC) Commissioner Rebecca Dye said earlier this week that the initial phase of the investigation into port demurrage, detention, and free time practices has commenced, with the FMC ordering ocean common carriers to provide information and documents to explain these practices, adding that this is also happening United States (..)
The global maritime and transportation industries have long played a vital role in facilitating the movement of goods and people across borders, writes Captain Steve Bomgardner, VP Commercial Markets, Pole Star Global. Another common method involves counterfeiting cargo and vessel documents to disguise the true nature of shipments.
Working together with GateHouse Maritime, we can advance the capabilities of myleo / dsc and move closer to our goal of delivering an easy-to-use, efficient and future-proof logistics execution and collaboration platform for all industries and modes of transport.”. myleo / dsc is a unique cloud platform for site and transport logistics.
The penalty fee is applicable if there is a misdeclaration of cargo weight details at the time of submission of booking submission and if the weight deviates +/- 3 tons/TEU from the weight on the final Bill of Lading Instruction details and Verified Gross Mass (VGM) documentation. Enter SOLAS VGM.
However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air.
Federal Maritime Commission will raise some of its user fees to bring them in line with the actual personnel cost to perform the services. The FMC’s authority to establish and adjust user fees is authorized by the 1952 Independent Offices Appropriation Act (IOAA).
428(98) on Maritime Cyber Risk Management in Safety Management Systems. Jakob Larsen, Head of Maritime Safety & Security for BIMCO said, “The DCSA implementation guidance provides a thorough and refreshing deep dive into the challenge of how to implement cyber risk management in a shipowner company.
One of the documents you may need when arranging a freight shipment to export goods abroad is the shipper’s letter of instructions. This document can be considered as a transport document. . Issuance of export documents. Exports from the United States always require the sender to issue this document.
CMI – The Comité Maritime International, is a non-governmental organization established in Antwerp in 1897 with the objective of unification of maritime law in all its aspects. Not just governments, but banks and insurers were also loathe to accept this form of trade documentation. The beginning.
Also, the customs clearance process, missing documents, and miscommunications contribute to demurrage and detention charges. We can point out the most effective ways to avoid demurrage and detention charges as follows: All customs and shipping documents must be prepared in a proper way prior to arrival.
As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. Despite this, beneficial cargo owners (BCOs) who consistently shipped throughout economic fluctuations have found solace in the lowest rates witnessed in years.
Today on Labour Day, we pay tribute to these brave souls, the backbone of the maritime industry. She has been Managing Editor for a leading global maritime publication, is a Director on the Board of Mission Seafarers India Association, a passionate advocate for seafarer issues and a champion for gender diversity. About the Author.
Expertise of Freight Forwarders Freight forwarders are well-versed in the knowledge of how to handle the customs regulations and documentation for your international shipments. In this article, we define five advantages that will transform the future of freight forwarding.
This is an important part of maritime laws and regulations that safeguard the safety of ocean faring vessels, sea ports, seamen, crew and cargo. ISPS code regulations were introduced by the International Maritime Organization (IMO) on the 1st of July 2004. ISPS stands for International Ship and Port facility Security code.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content