Remove abandoned-containers-who-pays-forwarders-it-could-be-you
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10 tips to avoid losses due to abandoned cargo

Shipping and Freight Resource

In any normal year, hundreds of thousands of containers filled with cargo are abandoned all over the world. While abandoned cargo could be quite stressful and considered to be a big headache for everyone concerned, a freight forwarder may be especially affected by cargo abandonment.

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Who pays for abandoned cargo?

Globalior

Cargo abandonment can happen due to several reasons such as the consignee only finding out that he/she is not able to import the product only after the shipment has landed in the destination port. This could be due to missing licenses. In other cases, the shipping line may have lost or misplaced the entire container within a port.

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Containerized shipping joins modern financial world with CME futures

Freightos

The cost of importing a 40’ container from China to the United States West Coast grew 1,000% from $1,800 in 2019 to over $20,000 in September 2021 according to our Freightos Baltic Index (FBX). In 2016 many companies abandoned their fixed-price contracts to avail themselves of the low spot market. Until today.

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Peak Season 2021: What to Do Now to Secure the Supply Chain

Forto

We have listed below what you should pay attention to in your logistics planning in the coming months and which factors you should necessarily take into account in this process. Traditionally, everyone who can travels to visit their relatives or popular sightseeing destinations, such as the Great Wall, during this week.

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How to change your freight forwarder in less than 4 hours, saving up to € 35,000 per year 

Forto

In the process of global shipping, you may come upon situations wherein you may need to change service providers, especially logistics services providers – which is easier said than done as you need to be sure of the reasons for the change, how to control things and people and be aware of negative and positive consequences of the change.

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MIT’s Sheffi on Supply Chain Sustainability

247 Customs Broker

What do you say? . What do you say? ” I had not heard the story of how Greenpeace went after Nestle’s KitKat brand in 2010 over its palm oil sourcing, though each candy bar contains just a minute amount of the oil. Click here to send us your comments.