Basic understanding of shipping terms

Submitted by: Tejas Prajapati

Shipping lineA shipping line is a business that operates ships. Because shipping accounts for 95% of world trade volume, information about Shipping lines plays a crucial role.

Role of shipping line Various destinations: Most of the expert and reputed worldwide shipping firms

provide companies to a extensive quantity of nations in the earth. Some of the best shipping firms offer a list of the nations in which their solutions are supplied which helps make it effortless for customers to pick.

Prompt delivery: Delivery of merchandise is prompt while availing the providers of a reputed shipping firm. The firms make sure that the cargo reaches its vacation spot perfectly previous to the deadline.

Tracking data: Clients can track the position of their cargo while it is in transit by means of state-of-the-art on-line tracking programs supplied by the corporations.

Mode of transport: A lot of the worldwide shipping providers offer alternatives to their valued prospects for picking the mode of transport.

CHA (Custom house agent)

A CHA would perform all the actions required to get your goods through customs.

Role of CHA

1. Filling out and shipping a bill of entry.2. Submitting supporting documents for the bill of entry.3. Helping with the examination of goods.4. Providing warehouse space for a company’s goods and removing those goods at the appropriate time.5. Making a payment of duty on behalf of the company.

6. Arrival entry and clearance of vessels.7. Prohibitions on imports and exports.8. Tariff classification and rates of duty.9. Conversion of currency.

CFS (container freight station)The location designated by carriers for receipt of cargo to be packed into containers/equipment by the carrier. At destination, CFS is the location designated by the carrier for unpacking of cargo from equipment/containers.

Role of CFS

CFS is a place where containers are stuffed, de-stuffed and aggregation/ segregation of export/import cargo takes place.

Further, for optimal utilization of existing infrastructure, space, equipment, goods that are landed at ports need to be evacuated straight away without any loss of time.

the need for expeditious clearance of goods at the port within the minimum possible time has been gaining importance.

LogisticsLogistics is the management of the flow of resources between the point of origin and the point of consumption in order to meet some requirements.

Role of logistics Logistics management is that part of SCM that plans, implements and controls

the efficient, effective, forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customer requirement. Logistics involves getting in the right way, the right product, in the right quantity and right quality, in the right place at the right time, for the right customer at the right cost.

Getting some of these 'Rs' right may be easy for many, but getting all correct can be quite a challenge. For example, in both retail distribution and in high-value manufacturing, it is now quite common to offer suppliers quite specific and narrow time windows within which to deliver freight.

Logistic management

Supply chain management

Supply Chain Management (SCM) is the process of planning, implementing and controlling the operations of the supply chain for analyzing the customer requirements as efficiently as possible.

It involves the planning and management of all activities involved in sourcing and procurement, conversion and all logistics management activities.

Key capability of SCM

Collaborative Planning. Procurement. Inventory Management. Integration

Supply Chain Structure

Information Flow

Raw Materials

RETAILERFACTORY DC RDC

SUPPLIER

Finished Goods

Transportation

Transport or transportation is the movement of people, animals and goods from one location to another. 

“Safe, efficient, reliable, and sustainable movement of persons and goods over time and space”

The progress in techniques and management principles improves the moving load, delivery speed, service quality, operation costs, the usage of facilities and energy saving.

Transportation takes a crucial part in the Logistics Operation

Transportation