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Showing posts from September, 2020

Battling Challenges Faced by Freight Forwarders | BOXXPORT.com

With changing time and increasing customer’s expectations, businesses are working hard to meet the demand of the current market. The same is true for the freight forwarding industry too. As compared to earlier, today, people expect delivery in the least time possible. They want to track their order and want to get informed of every detail- from placing orders till final delivery. The freight forwarding sector is thus worried about the changes and the future as other industries. The uncertainty and confusion brought by the new macro trends demands for more efficiency and advancement.  Amid all this, freight forwarders are facing an increasing number of challenges that keep growing as the years go by. The outbreak of novel coronavirus has poured butter on a burning flame by increasing the challenges faced by the freight forwarders.  In this article, we will be talking about the basic challenges being faced by them Bunker Surcharge Fluctuation:  Bunker fuel is the generic term given to an

What is the difference between SOC and COC? | BOXXPORT.com

The shipping container is universally hailed as one of the greatest inventions that completely transformed the way trade and businesses were done early, before the 1950s. They have truly globalized the world and making the world a smaller place. In shipping industry, you may find people using terms SOC or/and COC elongated as Shipper Owned Containers and Carrier Owned Containers. When we talk about SOC and COC , it’s mostly about owning rights. In this article, I will take you to the proper definition of both terms and the advantages and disadvantages associated with them.  Generally, shipping containers are owned either by -Manufacturers -Traders -Carriers -Leasing Companies -Freight Forwarders, and -NVOCC  What is SOC? SOC or Shipper Owned Containers are the containers that are solely owned by shippers. A shipper is a person who is entrusted with the responsibility of freight transportation and looks after the shipment until your goods reach the destination. But for a carrier, the s