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Difference between Maritime, Shipping, Freight, Logistics and Supply Chain

Shipping and Freight Resource

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, Supply Chain and Trade. Shipping Business = the act of carriage of cargo from point A to point using the ships which falls under the Maritime industry.

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Maritime Law

Globalior

Maritime Law Maritime law deals with the treaties, conventions, and laws related to nautical matters, especially private maritime business. Important Points: Maritime law deals with private maritime issues, offenses, disputes, and other similar matters.

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Navigating a Lost Bill of Lading (BOL) with Courier Companies in International Trade

MTS Logistics

The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. Statistics and Examples 1.

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CTU Code Boosts Supply Chain Safety

Logistics Business Magazine

Welcoming the Politecnico survey, the CEO of ICHCA, one of the Group’s founding associations, Richard Steele said, “As far as we are aware, this is the first example of publicly available empirical evidence about the use of the CTU Code made by forwarders , shippers and others responsible for safe packing.

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How Technology is Changing Ocean Shipping

Now, That's Logistics

With the latter, carriers are able to eliminate costly manual work, reduce reliance on labor, and streamline their operations. Blame the high volume of required documents—invoices, bills of lading, letters of credit, and inspection certificates, etc.—with When it comes to the exchange of information, it is of course problematic.”.

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The importance of declaring correct cargo details and consequences of cargo misdeclaration

Shipping and Freight Resource

However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. At the tip of the iceberg, for example, there are weekly reports of unitised fires on board ships, and historic average experience of a major ship fire every 60 days has been challenged in 2019.

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Pitfalls of digitalisation in shipping and freight

Shipping and Freight Resource

So, we digitize information; digitalise processes and roles required for the operation of a business; and we eventually. Some examples and benefits of digitalisation in shipping are. Whether digital or manual, the business of shipping involves a lot of documentation. Here is a real life example.