Discount Freight Shipping Service Sydney
International freight shipping in Sydney 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 Sydney 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 Sydney
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 Sydney 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 Sydney 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
A Non Vessel Operating Common Carrier or NVOCC is a term used in the ocean freight and cargo shipping industry. An NVOCC is a shipment consolidator. Shipment consolidators provide a variety of shipping services to a wide range of customers worldwide. Services provided by shipment consolidators can include packing and securing cargo, and pick up, transport, and port to port or door to door delivery of your goods.
An NVOCC functions as a cargo carrier by issuing bills of lading. A bill of lading, also called a B/L or BOL, is a document issued by a carrier to a shipper. The bill of lading acknowledges that goods have been received on board a cargo vessel for shipment to a specified destination and consignee for delivery. Probably one of the most important facts about an NVOCC is that an NVOCC assumes responsibility for ocean freight, but an NVOCC does not own a cargo vessel.
In order to become an NVOCC in the United States, a company has to receive an ocean transportation intermediary (OTI) license from the United States Federal Maritime Commission. All companies applying for the OTI license must successfully pass through a multi-step process administered by the Federal Maritime Commission's Bureau of Certification and Licensing. As part of this NVOCC certification and licensing process, companies are assessed on their experience and ability to successfully provide OTI services that are in compliance with regulations based on the Shipping Act and Federal Maritime Commission.
There are many benefits to using a good and reliable Non Vessel Operating Common Carrier like Cargo Experts. Perhaps most importantly, a good NVOCC can help you save money. NVOCC's can help to save you money in a number of ways including their ability to consolidate shipments. Another important benefit to using a good and reliable NVOCC is that they can help save you time. If you are not experienced with shipping cargo overseas, it can be very confusing and a little bit overwhelming. Even if you are experienced with cargo shipping, it is still beneficial to seek out the services of a dependable NVOCC.
NVOCC's can also help you save time and frustration because they have a very thorough understanding and knowledge of the cargo shipping industry. This includes information on the most efficient and effective routes of delivery, based on your specified destinations. It is also beneficial to use a reputable and dependable NVOCC because they can help with the safety and security of your ocean freight. Their understanding of all of the facets of cargo shipping, from packing and pick up, through transportation and delivery, helps to provide your cargo with the best possible international delivery.
Australian Freight Shipping Service Sydney 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!