Many shippers may be aware of the importance of the Bill of Lading and its vital role in ensuring the proper transportation and retrieval of an ocean freight shipment. However, the importance of the shipping packing list must not be overlooked. Whether you’re filling out a packing list to export commercial merchandise or to move overseas, there are important aspects of this document you need to be aware of. A simple misunderstanding of this document may result in unnecessary delays and their corresponding fees.
Understanding the role of automation and digitalization in shipping As the ocean freight industry moves to embrace digitalization and automation, it’s not only important to understand their benefits but also their shortcoming and risks involved. And to do so, iContainers had the honor of sitting with one of the industry’s leading experts on the topic, Lars Jensen, CEO of Seaintelligence Consulting, to get his professional insights on these new technologies as to where the shipping industry is headed with them.
What is a shipping return window? One of the most important concepts in ocean freight that many exporters are unaware of is the carriers’ return window. A shipping return window is the allocated time set by shipping carriers in which a container must arrive at the terminal to be loaded onto the departing vessel. Carriers typically set a return window of four days, although this may vary as circumstances change.
Maritime shipping responsibilities There are many parties involved in an international shipment, which makes it difficult to identify the party responsible for each leg of the process when a problem arises. As a participant in this convoluted relationship, you must not only be aware of your own responsibilities but that of the other relevant parties as well. Not knowing the responsibilities of your supplier or freight forwarder represents a huge risk for an importer.
Ocean Network Express The world’s newest shipping line officially began operations on April 1st, 2018. As new as it is, the members of which it’s made up are foreign to none in the shipping industry. The Ocean Network Express, or ONE, is a result of the merger of Japan’s formerly-three largest shipping lines, Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL), and Kawasaki Kisen Kaisha (K Line). The start of container shipping operations this month is in line with the initial schedule laid out when the company was officially established on July 7, 2017.
Digitalizing maritime shipping Much has been said about digitalization and its role in maritime shipping. Despite the technological advances over the past decades, the ocean freight remains rather relatively backwards (in comparison with other industries such as airline and hospitality) in the adaptation and adoption of digitalization. In recent years, however, the industry seems to have woken up to the idea of ‘adapt or sink’ and have made strides in this direction.
The importance of the container seal When shipping a container, securing your merchandise should be one of your main priorities. All shipping containers transported via ocean freight, be it FCL shipping or LCL shipping, are required to be secured using specific shipping container seals to make sure that the container has been properly closed and locked. Upon placing the container seal, your container has been properly closed at origin. Since it can only be removed once, it ensures that your container remains unopened during its maritime journey prior to delivery to buyer.
The importance of cargo insurance In under one month, the maritime shipping industry has seen three accidents. First, a major fire that broke out on the Maersk Honam in the Arabian Sea, which serves as a stark reminder of the perils shipping crews face out in the middle of the ocean. The Singapore-flagged vessel was on enroute from Singapore to Suez with 12,416TEUs on board when the fire erupted. At the time of writing, the fire, which had raged for five days, has been brought under control but four crew members have been reported dead from the blaze.
Top 6 things to consider when filling out a Bill of Lading Any seasoned shipper would know that there are large amounts of paperwork involved in sending an ocean freight shipment. There are so many parties involved even in a simple shipment that the entire process appears daunting, especially for less-frequent or new shippers. The most important piece of document in shipping is by far the Bill of Lading. Of all the documents involved in shipping, if you were to safeguard just one, that would be the Bill of Lading.
What’s causing the US trucking shortage problem? Even as autonomous trucking tests and trials advance, getting them fully implemented remains very much a thing of the future. Focusing on today, the current trucking situation as such appears to be heading backwards, with a nationwide shortage of truck drivers threatening to throw the entire country’s ocean freight services logistics chain into disarray. Truck driver shortage in itself is something we’ve been seeing in the US for decades so it isn’t exactly a new problem.