Discount Freight Shipping Service Bendigo
International freight shipping in Bendigo is a complex procedure that requires the services of an international freight forwarder.
A freight forwarder is essentially a company or a person whose duties are to organize shipments of corporations or individuals, and to get large orders from manufacturers to the market or to the final point of distribution.
Freight Shipping Company in Bendigo contract carriers to facilitate the shipment of goods. The forwarder himself is not a carrier per se, but is skilled in supply chain management. Basically, these forwarders can be thought of as a travel agency for the cargo industry or as a third party logistics provider.
Australian Freight Shipping Service Bendigo
Freight Shipping can be booked for a whole host of carrier types, which include ships, trucks, planes and railroads. Some shipments can use multiple carrier types on route before it reaches its designated destination.
Freight shipping in Bendigo calls for very specific documentation as it has to go through multiple custom checks before being allowed to pass through. The forwarder would organize the carriage of your international shipment, along with helping the handling and processing of all the necessary paperwork. International forwarders also make sure that your shipment is arriving at the correct place at the specified time.
An international freight Company in Bendigo should traditionally guide you through the complicated process of international shipping, as they are the experts on the international freight shipping process. This way you can understand and aid your shipment and your freight forwarding company can benefit from this information.
A day in the life of a freight forwarder would consist of the following tasks:
The primary task of a Freight Shipping Company at work would be conversations and negotiations with clients and warehouses that they deal with worldwide. This is because they need to gather information for the purpose of passing it on to the concerned parties that they are doing business with or need to report to as authorities. These would include an SSL – Steam Ship Line, the United States Customs or they might even be the customer themselves.
International Discount Freight Shipping in Australia
"Cost and Freight". What does that mean? These were the very questions I asked when I first heard of it. Well today, I am going to give my explanation as best as I can about this shipping term.
Ok, I have previously gone through in my blog about Ex Works and FOB, if you have read about them, it will definitely help. CFR simply means you add your Ocean Freight cost, which is the cost you pay for booking a container to the other costs you are incurred when making a purchase. As I mentioned before, the container is a steel box that is used to contain all the goods you desire to ship. It comes in a 20 footer size, 40 footer size and 40 footer high cube size. I will dwell into that some other time.
So this is how CFR works. A buyer from Africa wants to buy 10 container loads of ginger bread man dolls from you and he asked you for a quote CFR (Tema Port). So what do you do? Well, firstly you calculate the quantity you can load, into the container, and then calculate the product's total price per container. This friend is ex works.
So now let's proceed to add the forwarding charges, which include the forwarding fee and also the haulage charges. Now with that done, you get yourself an FOB price.
Then we proceed by adding the ocean freight on top of the FOB price. This gives you the CFR price.
Recap: CFR = Product price + Forwarding and Haulage Charges + Ocean Freight Fee
So what is the benefit of quoting your customer CFR? The thing is, it will help your customer get the most accurate costing available to him at that period of time. If he is a serious buyer who needs to make a purchase confirmation within the next few days or week, then this is the most accurate cost he can rely on. Of course he will have to be aware of the import duties in his country to get a final nett price which he will be paying for your ginger bread man dolls.
Again, always remember to get your currency exchange rates correct and note the trend, is the US dollar going up or down these past few days, what's the movement going to be tomorrow and onwards, especially the time the products are meant to be shipped.
Remember to place a short validity to your CFR quote because it will protect you from the crazy fluctuations of transportation and ocean freight prices. Always double check your shipping costs before you make your delivery. Get a verbal confirmation AFTER you get a black and white or documented quote from your transporter, forwarder, haulier and forwarding agent. This way, you free yourself from the risk of quoting the wrong prices. Your ginger bread man dolls would really blow your business away!
So there you go, the meaning of CFR made easy for you. If you are new to shipping, make sure you consult your shipping agents to learn these terms better. If you do your homework, it will just make your job and theirs easier. Ultimately, making your customer's job of buying from you an easy as ABC 123!
Australian Freight Shipping Service Bendigo Australia
What do you need to know about shipping freight internationally? We've got a few common questions (and answers) here.
1. What is Ocean Freight?
Most freight shipped intercontinental is transported via sea vessel in containers. This is rarely the only component to international shipping however. A reference to ocean freight cost usually refers only to the cost associated with the actual ocean-crossing portion of the shipment. Transportation of the freight to and from container yards at the ports of origin and destination is provided by trucks and are not part of an ocean freight charge. (Depending upon the destination country, a freight transportation management service can provide assistance with inland transportation after the container is unloaded at the port as well.)
2. Surcharges in Ocean Freight
Additional charges included in an international ocean freight price quote will generally include basic sea freight charges to cover the port-to-port transportation, a fuel surcharge, security charges, documentation fees and container delivery charges.
3. What is a Container Yard (CY)?
A Container Yard (CY) is a facility at which loaded and empty freight containers are accepted for loading onboard vessels. Containers are also off-loaded and stored at CYs.
4. What is FOB?
FOB stands for Free on Board. It is used to indicate when liability and ownership of goods is transferred from a seller to a buyer. In international shipping, "FOB [name of originating port]" means that the seller (consignor) is responsible for transportation of the goods to the port of shipment and the cost of loading. The buyer (consignee) pays the costs of ocean freight, insurance, unloading, and transportation from the arrival port to the final destination. The seller passes the risk to the buyer when the goods are loaded at the originating port.
5. What is "Live Load" and "Drop and Pick"?
When getting a price quote for international shipping, specifically for ocean freight, a shipper should be sure to know the difference between live load and drop and pick. Pricing and responsibilities are different with each option.
In a live load arrangement, a driver will transport an empty freight container to the shipper. After the shipper loads the container, the driver will secure and seal the container for transport. There is generally a time limit in which the load must be completed without additional cost.
If a shipper chooses a drop and pick, the driver will deliver a freight container, leaving it for a few days. After it is loaded, the driver is called back to retrieve it and take it to the appropriate container yard (CY). This option is generally more expensive unless the loading location is very close to the CY.
6. What are the necessary shipping documents used in international shipping?
The international shipping experts at a freight transportation management service can assist any shipper with all shipping documents required by a carrier and/or by law.
Some common documents required in an international shipment are bill of lading (BOL), a commercial invoice or valued inventory list, packing list with pieces, weight and packing materials described, fumigation certificate, visa/quota, certificate of origin, hazardous materials declaration and other legal documents.
7. What is an ocean freight Bill of Lading?
An Ocean Freight Bill of Lading (BOL) is a document issued by the carrier indicating that certain goods have been received on board for transport to a specific place and consignee. The BOL is legally significant because it represents the contract between carrier and shipper. It also serves as receipt and document of title to the goods.
8. What is SED (Shipper's Export Declaration)?
Many shippers must also complete a Shipper's Export Declaration or SED. An SED is a form used by the U.S. Government to compile export statistics for the country. Certain shipments are exempt from reporting. The form is available from the U.S. Census Department. Ask your freight transportation management service for more information on SEDs.
9. Is ocean freight insured?
Most ocean freight carriers contractually limit their liability for damage to cargo. The dollar limitation varies from carrier to carrier but is typically relatively low. A shipper should be sure to find out exactly what the limitation is before shipping.
The shipper should then probably purchase extra insurance for the shipment prior to tendering the cargo to the carrier. Questions about coverage and insurance certificates can be answered by your service representative.
International shipping quotes are easily available through our web-based freight transportation management service online quoting system. After a shipper has had the opportunity to compare available shipping options, any additional questions can be handled directly by our experienced personnel.