Abandoned cargo could be quite stressful for shipping lines, shippers, port authorities and forwarders alike and is considered to be a big headache for everyone concerned..
When a cargo is abandoned it causes severe financial losses to all parties concerned – seller, buyer, shipping line, freight forwarder, transporters, banks, Government etc etc..
It could also cause a rift in business relationships between a shipping line and their customer – whether it is an importer or a freight forwarder because it could create a blemish in the customer’s record with the shipping line..
When is a cargo considered to be Abandoned Cargo..??
The much reported MARPOL Annex VI regulation (a.k.a IMO2020) which was implemented to lower the current global limit for sulphur content of marine fuels from 3.50% to 0.50% came into effect on 1st January 2020..
This reduction in sulphur content is supposed to be achieved by way of
Using low-sulphur compliant fuel oil;
Using gas as a fuel as when ignited it leads to negligible sulphur oxide emissions;
Using methanol as an alternative fuel as being used on some short sea services; or
Using exhaust gas cleaning systems or “scrubbers”, which “clean” the emissions before they are released into the atmosphere
There is however another part of this regulation which is the “Carriage Ban” which comes into effect from 1st of March 2020..
Bulk and Break bulk are two terms that are being used incorrectly and interchangeably in the course of day to day business..
These terms cannot be used interchangeably because there are distinctive differences between Bulk and Break Bulk in terms of cargo, nature, size, capacity, handling, trade, customers, ports, terminals, equipment, infrastructure…………………………………..
How do you differentiate between the two..?? This article will help you understand clearly..
Benchmarking – is a business tool used by companies to evaluate and compare the current position and standing of the company against similar companies and organisations in the same business space in the market..
The point of benchmarking is to identify opportunities for improvement of your products and services by comparing your company’s performance, processes, costs against a bigger and better market competitor..
This could mean tweaking your company’s products/services to match the competitor’s offering in the market or by improving your scope of services..
Freight benchmarking is a benchmarking tool in the shipping and freight industry used by various role players in the industry such as BCOs, freight forwarders and shipping lines..
A seafarer is never at the front or the back of a ship; they are at the bow or the stern. They are never on the left or right side, but rather port or starboard. They are never in their bedroom or the kitchen, but they might be in their cabin or in the galley. A ship’s speed is not measured in miles or kilometres per hour, but rather in knots. A ship, of course, is referred often as “she” and not always as “it”.
These are the things we might think of when we hear a phrase like “Maritime English”.
There are several entities involved in the successful transportation of a shipment.. However big or small a shipment is, two entities stand out due to the importance of their roles in a shipment..
These entities are a Freight Forwarder and a Clearing Agent..
It is very important to understand the functions of a freight forwarder and a clearing agent and their role in a shipment as this is often confused..
While in a lot of cases, a freight forwarder and clearing agent may be the same entity, there are many cases where they are different as well and in this post we explore the similarities and difference between a freight forwarder and clearing agent..
As container shipping has evolved over the years, so have the methods of carrying cargo and types of cargo being carried.. Open Tops and Flat Racks are two of the container types that are used in the carriage of (OOG) Out of Gauge cargo (also called (ODC) Over Dimensional Cargo in certain countries)..
This type of carriage has its own individuality and one unique feature of this type of carriage are the Lost Slots which occurs in the carriage of this type of cargo and this is explained in detail in this article..
As you maybe aware, the Federal Maritime Commission initiated investigation, Fact Finding 28, in March 2018 to look into the question whether demurrage and detention charges in the shipping industry were justified..
Industry stakeholders raised a petition to address the question whether demurrage and detention fees charged to shippers for storing containers and using equipment beyond the carrier’s or terminal’s allowed “free time” were just and reasonable..
This question arose on the back of demurrage and detention charges levied by the port, terminal and shipping lines to the shippers especially in the key USA gateways of Los-Angeles/Long Beach on the West Coast and New York-New Jersey on the East Coast..
Here are the results of the investigation and its findings..