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Transcript of Transportation
Freight Forwarding, Documentation & Insurance:
Why is this your business?
Size does matter
Cost of Learning
The devil is in the details
If it suits you...
Tips and Tricks
Minimize cost, don't cut corners
Understand your business, your market
Consult, ask, repeat
Give me a lever...
BOL - Legal tender
Used through banks on Letters of Credit
Read the fine print!
The taxman cometh...
COA - International trade agreements
Free trade is beneficial...when allowed
It's also a marketing tool!
Very sensitive to interpretation
Get a local broker
Materials and history are not exempt
Pallets in the Netherlands
Containers in Panama
Murphy, is that you?
Acts of (angry) God
Does it pay to weight?
Its main advantage is speed
Use of volumetric weight
Very sensitive to weather
Dress me slowly
Well, it depends...
Really, really, really urgent
Good for start-ups and samples
Are we there yet?
It is the:
Thar she blows!
Huge volumes (no, really, huge)
Highly standardized within each type
A transporter's core business
the facilitation of cargo transport
They have acquired experience and the cost of that learning is spread over the volume they move
Which terms of sale are in your best interest?
What is your business?
Facilitators don't only deal with your cargo
They come in all sorts of flavors, colors and shapes
They are trained in the dark arts of shipping!
Transportation innovations are not so frequent, but the current state can be quite complicated
Core process is basically the same, but the details
Different methods, different commodities, different markets all have different players
Not all men are created equal
Expertise comes at a price, but no guarantees
All NVOCCs are FFwd, but not the way around!
Some commodities are very atypical and require very $pecial treatment
In house: Pirelli, LG, Ford, Driscoll's
External: DuPont, GM, Samsung, Kraft
Own: Walmart, Saint-Gobain, Unilever
How to chose?
Several aspects to consider but the most important:
IF IT IS NOT BROKEN, DON'T FIX IT!!
Are you a gambler?
If something wrong can happen, it will happen
What the law does not prohibit, it allows
Int'l cases end up in NYC or London, so suit up!
Crossing the English channel
Yokohama to Mexico, with a brief stop
Around the world in 186 days
Rails double stack
Warehousing for breakdown
Not available everywhere
Take note of the road limits