Röhlig Logistics’ Post

How to fill out a Bill of Lading📘 The Bill of Lading (B/L) serves as both a receipt for the shipped goods and a contract of carriage. It should include comprehensive details about the shipment, specifying the cargo's who, what, and where. Here's how to properly complete a Bill of Lading: https://bit.ly/3x6xZAD #Logistics #Trade #SupplyChain #ShippingDocuments

A bill of lading must be transferable,[4][b] and serves three main functions: it is a conclusive receipt,[5] i.e. an acknowledgement that the goods have been loaded;[c] and it contains, or evidences,[d] the terms of the contract of carriage; and it serves as a document of title to the goods,[6] subject to the nemo dat rule. Typical export transactions use Incoterms terms such as CIF, FOB or FAS, requiring the exporter/shipper to deliver the goods to the ship, whether onboard or alongside. Nevertheless, the loading itself will usually be done by the carrier or by a third party stevedore.

Do you specify incoterms to a freight forwarder at enquiry starge itself ? Specifying incoterms to a freight forwarder before negotiations is crucial because it establishes a clear framework for the logistics process. Incoterms define the responsibilities and liabilities of both the buyer and seller in international trade, including details about transportation, risk transfer, and cost allocation. Providing this information to a freight forwarder upfront ensures alignment in understanding the terms of the transaction, allowing for accurate cost estimates, efficient planning, and smoother coordination of the entire shipping process.

Essential Tips for Negotiating FCL Freight Rates for Shippers and Importers Learn crucial tips for shippers and importers to negotiate FCL freight rates successfully. Discover cost-saving strategies through research, consolidation, partnerships, flexibility, and professional assistance. #FCLfreightrates #shipping #logistics #costsavings #negotiation #importers #shippers #supplychain https://lnkd.in/e4inRWRQ

Strike the perfect balance between risk and cost in your international transactions. These Incoterms share responsibilities between buyer and seller: 🔹FOB (Free On Board):  The seller delivers goods onto the ship, and the buyer manages the journey from there. 🔸CPT (Carriage Paid To):  The seller pays for transport to the destination, but the buyer assumes risk after carrier handoff. 🔹CFR (Cost and Freight):  The seller covers shipping to the destination port; the buyer takes on the risk once goods are on board. Optimize your global trade with these balanced terms and make sure to follow us to learn more about Incoterms in the upcoming days! #Aprile #Incoterms #SupplyChain #Logistics #FreightForwarding #GlobalTrade

Things I get asked often is about Incoterms on procurement contracts. Should we do EXW, FOB, DAP, or DDP? That all depends on the objectives and understanding what services are included. Ex. For EXW, you need to work with freight forwarder to pickup, ocean/air booking, and customs, and delivery to the final delivery point. For DDP, those services are included plus added margin from your vendors. Other thing to consider is ownership transfers, insurance, warranty, sales recognition timing, etc. As Supply Chain Professional it is always good to refresh your memory! Below is a link to incoterms. #supplychainmanagement #freightforwarding #incoterms2020 #logistics https://lnkd.in/gvJ3pN-r

More infographics coming your way, about Incoterms! Today, we'll show you what the Incoterm CFR is all about. If you missed out on the cons of using Incoterms, catch up with our infographic here: https://lnkd.in/gfPiCCBj #KTB #KTBMarine #incoterms #internationaltrade #logistics #shipping #globalbusiness

One of the more common questions we hear from new exporters is, “What are these fees on my freight forwarder's invoice?” This video explains the common and not so common fees you can expect to see on your forwarder’s pricing list. #exporters #freightforwarder https://hubs.ly/Q02HTFT_0

One of the more common questions we hear from new exporters is, “What are these fees on my freight forwarder's invoice?” This video explains the common and not so common fees you can expect to see on your forwarder’s pricing list. #exporters #freightforwarder https://hubs.ly/Q02HTGqC0

Do you know your incoterms? Incoterms are widely used terms of sale, made up of 11 defining codes/rules which define the responsibilities of sellers and buyers. Knowing the incoterms per consignment can avoid misunderstandings of costs and risks involved in the movement of goods. Here at Gerlach we have developed our Incoterms Simply Explained for you to better understand your obligations as a seller/buyer. #Gerlach #GerlachCustoms #Customs #CustomsClearance #preferentialorigin #preference #customsduty #CDS #Customsdeclarations #declarations #brexit #Freight #Logistics #Shipping