Discount Freight Shipping Service Wollongong
International freight shipping in Wollongong 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 Wollongong 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 Wollongong
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 Wollongong 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 Wollongong 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 Wollongong Australia
The way that most businesses make money in today's global economy is by being able to find affordable air freight shipping for their products. This need can only be handled by someone with the logistics experience to get the job done and for the correct price.
Air freight shipping is as important to business as finding raw materials. If a company cannot get their products to market then no one makes money and the company can fade away. Learning who can handle these needs is the key to getting products into the hands of the consumer.
In many countries air freight forwarding is licensed by the government, however in the United Kingdom this is not true, but these freight movers are a member of the British International Freight Association (BIFA), and are regulated through this association. Making sure your shipping needs are being met by a reputable shipper or forwarder is very important.
If a company has a large shipment of goods to fly out internationally, then an air freight company will be required, the job of the forwarder is to find numerous small shipments and work out the logistics of putting them together to reduce the price of shipping for everyone involved. Air Freight forwarding is important to small businesses today.
Finding and using a good freight shipping company can be the difference between making money and losing money, no one wants to lose money. Many shipping companies can provide forwarding services, however depending on where you are shipping; finding someone that specialises in only forwarding may make more business sense.
Try to never put the shipping cost in the hands of someone that is promising you the moon over making sure your freight will get to where it is supposed to on time. No one wants to feel foolish because they cut corners. So make sure you are meeting your air freight shipping/forwarding needs with a company that can be trusted.
Air Freight services may seem like a simple solution to your need to get your products to market no matter how small your shipment, and for the most part it is, however the prudent business person will always make sure they have selected a trustworthy and reputable company to meet their needs
Do not be taken advantage of by someone that cannot meet your shipping/forwarding needs, make sure you are dealing with a company that can service you professionally.