It has been 1 year, 1 month & 29 days, or 13 months & 29 days, or 60 weeks & 5 days, or quite simply 425 days since SOLAS VGM was implemented on the 1st of July 2016..
Now it is time to review how has it been.. Read on..
A burning question that is circulating currently in the container industry is whether the Tare Weight of a container should be included in the weight shown in the Bill of Lading or not and whether the SOLAS VGM should match the Bill of Lading weight..
In November 2014 the International Maritime Organisation (IMO) amended SOLAS (Safety of Life At Sea convention) Chapter VI Regulation 2 to tighten up the process of weighing containerised cargoes and declaring the correct weights after verification..
What is this SOLAS (Safety of Life At Sea convention) Chapter VI Regulation 2 and what does this amendment mean to the day to day shipping industry..??
This article gives you an infographic which will clear it all.. 🙂
To the casual onlooker, signing a bill of lading may be a routine, day to day mundane job done by many people across the world.. But the fact is that there are several technicalities to be considered before signing a bill of lading..
It is important to understand that the person signing the bill of lading acknowledges the details recorded on the bill of lading.. Any bill of lading signed with the knowledge of misrepresented facts may be considered to be a fraudulent document and may result in legal consequences for the signatory..
If you are a bill of lading signatory, here are 8 points that you need to consider before signing a bill of lading.. It may be a bit of a long read, but worth it.. 🙂
As part of global trade, in 2016, approximately 130 million containers packed with cargo with an estimated value of more than $4 trillion were shipped around the world..
As per the University College London’s Energy Institute and data visualisation firm Kiln more than 50,000 merchant ships travel high seas, moving goods and commodities all over the place..
With so many containers on the move in many different routes, there are bound to be some containers lost at sea..
We examine the causes, what may prevent it and what to do when your container actually is lost at sea..
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics and Supply Chain ..
But once you are involved in the business or know about these businesses, you will very soon understand that these are very different industries with different workings, assets, architecture, requiring very different sets of qualifications, experience, expertise, knowledge and attitudes..
In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected..