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A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade. Regulations such as the US Importer Security Filing (ISF) require companies to submit additional documentation to ensure cargo is safe for transport.
AUTF, the French shippers’ trade association (representing importers and exporters from all over France), has revealed its satisfaction index of the shippers’ perception of maritime transport. ” The post Dunkerque scores highly in port user survey appeared first on Logistics Business® Magazine.
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.
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.
Welcoming the Politecnico survey, the CEO of ICHCA, one of the Group’s founding associations, Richard Steele said, “As far as we are aware, this is the first example of publicly available empirical evidence about the use of the CTU Code made by forwarders , shippers and others responsible for safe packing.
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.
“Almost two years ago with knowledge of the problems of the freight industry and some rough ideas of how to solve them, we’ve been able to plot, survey, and develop the systems we’ve now launched. Our long term vision is to be the underlying platform for every logistics transaction – maritime, air, truck, and rail.
Global maritime commerce gathered momentum two years ago and raised sentiment in the shipping industry,” says Frida Youssef , UNCTAD’s trade analyst. There’s little doubt that trade wars in these arenas could reshape global maritime trade patterns and dampen UNCTAD’s cautiously optimistic forecast. Balancing act.
Yarwood also draws attention to the importance of maintaining records and an efficient documentation flow. “In Arecent survey by the International Association of Ports & Harbors (IAPH) shows a mixed picture at ports around the world. “35%
Some of the main concerns expressed by ports surveyed by Automotive Logistics include finding more storage and handling capacity, especially given the growth that some of the bigger car handling ports are seeing, and at times when there are sudden spikes in volumes. . That includes bringing transport documentation into the 21st century. “We
Maritime analysts at Xeneta , a global benchmarking and market intelligence platform based in Oslo, Norway, note that carriers operating in the trans-Pacific have been able to make their general rate increases (GRIs) stick through early autumn. Hamburg Süd, Hyundai Merchant Marine and OOCL were the three highest ranked carriers in 2018.
Blockchain will revolutionise the industry from a security and traceability standpoint,” predicts William Ralph, a maritime economist with R.K. Today, even in a highly technical environment, around half of maritime bookings and bills of lading are entered manually, creating errors on up to one-third of shipping invoices.
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