Basic Modes of International Transportation

International transportation can be a complex mode of serious shipping or it can be a simple way of moving the cargo from point A to point B. In the end, transportation is to bring your product from one end to the other in the most cost efficient way and in a timely manner. Most companies prefer to deal with logistic companies who can offer combinations of shipping methods. As an importer, depending on your industry needs, you may require different methods of cargo transportation.

Dealing with a single logistic company who can offer ground, air and ocean transportation can save you money and provide additional value-added supply chain services.

What are the different modes of transportation and which service is more suitable for your business?

It is all depends how urgently you need your cargo or what is your buying volume.

AIR FREIGHT:
It is the fastest way to ship your cargo but it is costly. Air freight is your best option for time sensitive cargo. As an importer when you are in a rush to bring your cargo to its final destination, air freight is the fastest and most secure way. Using a 3-4 day transit time air carrier service is always less costly then direct air carriers. Ask your logistics partner to offer you several air cargo carrier options. Based on your need choosing a longer transit time air carrier option can save you money. [Read more...]

Understanding Cargo Insurance

The international shipping industry is responsible for carrying the majority of global traded goods and every day cargo valued in the billions of dollars move in and out of ports around the world. With this busy international traffic anything unexpected can happen and cause damages or loss on the cargos. In order to reduce possible financial losses, importers and exporters may purchase cargo insurance to protect against natural disasters, inclement weather, shipping accidents, thefts and other damages.

Carriers do in fact have liability as per their bill of ladings; however, you can not rely on the carrier to reimburse you for your loss or damages. First of all, steamship lines are accepting some coverage for the damages or losses under their responsibility while the goods are in their custody. This means that carrier liability does not cover door to door. Carriers are also exempt from certain causes of loss or damage (up to 17 under certain international conventions). From a monetary point of view, a carrier’s liability is often very limited. [Read more...]

Importer Security Filing

The Importer Security Filing (ISF), also known as 10+2, is a US Customs and Border Protection (CBP) regulation that requires importers and vessel operating carriers to provide advance data electronically to CBP for in-bound ocean shipments. The main purpose of these entries is to determine the shipments with US destination in advance and ensure the safety of America’s borders.

Below information should be submitted by each ISF entry:

  • Importer of record number: Internal Revenue Service (IRS), Employer Identification Number (EIN), Social Security Number (SSN), or CBP assigned number of the entity liable for payment of the duties and responsible for meeting requirements incurred as a result of importation.
  • Consignee Numbers: Internal Revenue Service (IRS), Employer Identification Number (EIN), Social Security Number (SSN), or CBP assigned number of the individual(s) or firm(s) in the United States on whose account the merchandise is shipped.
  • Seller Name & Address: Name and address of the last known entity by whom the goods are sold or agreed to be sold.
  • Buyer Name & Address: Name and address of the last known entity to whom the goods are sold or agreed to be sold.
  • Ship to Name & Address: Name and address of the first deliver-to party scheduled to physically receive the goods after the goods have been released from customs custody.
  • Manufacturer Name & Address: Name and address of the supplier of the finished goods in the country from which the goods are leaving.
  • Country of origin: Country of manufacture
  • Commodity HTS Code: The number under which the commodity is classified in the Harmonized Tariff Schedule of the United States.
  • Container Stuffing Location: Name and address of the physical location where the goods were stuffed into the container.
  • Consolidator Name & Address: Name and address of the party who stuffed the container or arranged for the stuffing of the container.

What happens if ISF is not filed timely or properly: [Read more...]

Why Do The Freight Rates Change so Often?

If you are an importer and buying from Asia, specifically China, you hear a lot more about Peak Season Surcharge (PSS), General Rate Increase (GRI), Bunker Adjustment Factor (BAF), etc compared to the other countries. Sometimes these constant additions and changes in the market are unclear and do not make much sense to importers. One of the most challenging aspects of importing from Asia is the constant uncertainty of the rates. It is a tedious process as an importer, if you are planning 3 months in advance and having to work out pricing for your customers while keeping in mind the upcoming increases—or better yet not knowing what these increases will be. In this article, with my professional experience I would like to dig deeper and analyze the reasons behind the uncertainty.

Why can’t I have 3 months of valid rates? Is it really good to have rates with that have an extended validity? I have been receiving these similar questions for several years from importers and I have tried to help them understand the bigger picture of the reasons behind the quick and sudden changes in freight rates. If you are a small to medium sized importer and do not have a logistics team–you may find yourself wasting time trying to keep up with the rates instead of promoting your goods to your customers. In order to help you save that time, I hope to clarify these constant and sudden changes.

In my expertise, I composed the following list of the main reasons why rates keep changing: [Read more...]

B2B Cold Calls

Telemarketing, or in fashionable words cold calling, is one of the most important tools of marketing in today’s world. Some says it’s a waste of time, while some says it’s essential in some industries. If you know the rules of cold calling, you could get terrific results.

What exactly is the definition of cold calling?
It is contacting your target audience directly. Instead of them calling or coming to you, you go to them first.

Other marketing techniques aim to get the target audience to contact to the company willingly. That’s why cold calling is tougher than other marketing tools. You are basically disturbing someone, and trying to make them listen to what you are selling, often against their will. I have made countless cold calls and here are the things I have learned. Before you pick up that phone, here are a few things to consider:

[Read more...]

Hello world!

MTSMore Than Shipping

Welcome to our company blog. As an international freight forwarder we know that no ocean can stand between us. With this blog we can further develop this concept by reaching you with updates, news and personal stories within the walls of our 5th avenue office. Our daily job is to deliver your cargo in the most cost and time efficient manner. In this blog we will deliver industry updates, news and otherwise pretty much anything between heaven and earth. The sky is not the limit for MTS.

We are a diverse work team at MTS, representing over 60 countries and 120 international ports in our New York office alone. We will bring that diversity into our blog, through our authors and their experiences.
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