Freight Forwarding and Logistics
Freight Forwarding & Logistics Management
Course Content:
Freight Forwarding companies specialize in arranging the whole process for their shippers, from the storage to the shipping of their merchandise. They act as an intermediary between the shipper and transportation services, liaising with various carriers to negotiate on price and decide on the most economical, reliable and fastest route. Notably, shipping and logistics is an essential part of the supply chain and value chain of most businesses. It also has a wide range of job opportunities hence best-suited for one’s career advancement.
This course will look in to Freight Forwarding in relation to Internal Logistics, International Supply Chain, Bill of Lading, Common Carriers Obligations, Ocean and Air Transportation, Air way Bills, Air Freight Transportation, Legal Cases about INCOTERMS and Import and Export Documentation.
Our Ten days training program comprises of an extensive curriculum of work-based course which encompasses a comprehensive coverage of end to end Freight Management. Upon completing this course, one gets the chance to work in departments dealing with Customer Service, Operation, and Documentation among others. Ultimately, this course will help one to be innovative and well fine-tuned to adapt industry dynamics, all this can be acquired in ten days!!
Freight forwarding is the coordination and shipment of goods from one place to another via a single or multiple carriers via air, marine, rail or highway. The companies those who move the freight around the world are known as commonly termed as “Freight Forwarders” or “Freight Forwarding Companies”.
Logistics is about getting the right product, to the right customer, in the right quantity, in the right condition, at the right place, at the right time, and at the right cost. Logistics typically refers to activities that occur within the boundaries of a single organization and Supply Chain refers to networks of companies that work together and coordinate their actions to deliver a product to market.
The Liner agency is a multi-tasking organisation, frequently part of the shipping company itself, although it may be an independent contracted to the line, to find it cargo and to “facilitate” the business. International trade is complex and the liner will be an expert in international trade procedures, able to help shippers with all the customs and other regulations that have to be fulfilled at both ends of the chain if the goods are not to be delayed.
A freight forwarder can be a person or a company, that dispatches the shipment or arrange carriers as well as space for it for a third party; a third-party here can be a person, a small size business or well-established commercial firm. Freight forwarders organize transportation for the goods, within country, outside the country or both. The freight forwarder’s knowledge of shipping regulations, banking practices, and transportation costs can ease the shipment process.
The transport of goods by sea from seller to buyer usually involves several parties whose roles may be unclear to those on-board ship. The seller and the buyer are the parties contracting with each other for the delivery of the goods. The seller may be the producer or manufacturer of the goods, or may be a party acting as the producer/manufacturer’s agent. Both parties agree on the trade terms which will influence the type and terms of shipping documents.
The mode of transportation is an important consideration when planning the shipment process. Besides the costs, the urgency of the shipment, the value of the goods being shipped as well as the size and weight of the goods need to be evaluated when determining the form of transportation.
Shipping documents are forms that accompany a shipment listing the date shipped, the customer, the method of shipment, and the quantities and specifications of goods shipped. The shipping documents such as Air waybill, bill of lading, or truck bill of lading, commercial invoice, certificate of origin, insurance certificate, packing list, or other documents required to clear customs and take delivery of the goods.
Correct terminology and abbreviations also play a fundamental role within this complex industry. Speaking the same “shipping” language can help avoid misunderstandings, which most of the time lead to errors and negatively affects service performance and revenue.
Selecting the appropriate shipping method is a vital part of the international trade process. Various types of Vessel and Container and its purposes are explained here.
A seaport is located on the coast where ship can dock for transferring cargo and people out of the ships. Ports play a very important role in maritime logistics. Ports are also important for the support of economic activities in the hinterland since they act as a crucial connection between sea and land transport. As a supplier of jobs, ports do not only serve an economic but also a social function.
Warehouse operations are an integral part of a company’s business strategy. Inland Container Depots, otherwise known as ICDs, are dry ports equipped for handling and temporary storage of containerized cargo as well as empties.
INCOTERMS rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. INCO terms are used to make international trade easier. they’re known and accepted from Austin to Zanzibar. Incoterms spell out all the tasks, risks and costs involved during the transaction of goods from seller to buyer.
LC is the Payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. One of the best-known payment processes which provides security to both the seller and the buyer through the international banking system.
Packaging can be described as a coordinated system of preparing goods for transport, warehousing, logistics, sale, and end use. Packaging contains, protects, preserves, transports, informs, and sells. Most commercial packaging serves two basic functions: protecting the product from damage during shipping, and promoting the product to the ultimate consumer. Some common types of packaging include pallet, carton, bags, pails, can, etc.
Cargo is goods or products transported, generally for commercial gain, by ship or aircraft, although the term is now extended to intermodal train, van or truck. Different cargo types by sea, air and rail depends on what’s the most cost-effective way. The containers have standardized dimensions. Non-containerized cargoes are classified as Bulk, break-bulk, etc.,
A Bill of lading (BL) is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. A bill of lading also serves as a shipment receipt when the carrier delivers the goods at a predetermined destination. A bill of lading also serves as a shipment receipt when the carrier delivers the goods at a predetermined destination.
Dangerous Goods or Hazardous Goods have been given this name for a reason. Dangerous goods, often recognised as hazardous materials, may be pure chemicals, mixtures of substances, manufactured products or articles which can pose a risk to people, animals or the environment if not properly handled in use or in transport. These commodities may endanger the safety of a Ship or persons on board. The sea transportation of these dangerous materials can either be forbidden or restricted. Grouping of Dangerous Goods by Type of Risk Involved, this grouping was drawn up by the UN Committee of Experts on Transport.
Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination.
Chartering is a kind of contract for commercial leasing of a vessel or space on a vessel. Contract will be on the Rate, duration and terms agreed between the shipowner and the charterer.
Governing bodies have a number of statutory duties that need to be fulfilled, one of which will be ensuring that key policies are been implemented and reviewed on a regular basis.
Major sea & air ports in the world, basis on cargo handled.
Consolidation of charge headers used in International Trade. Analysis of multiple factors that influences fluctuation of freight rate.
Permutation and Combination of Debit Notes and Credit Notes being issued and received in International business.
A Glossary of International Shipping Terms. List of Shipping Acronyms categorized based on the usage.
Filing the manifest with customs well in advance as per the guidelines set by the importing country. Example, Automated Manifest System (AMS), is the rule applicable for US bound shipments.
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