Open Top Containers

-

This container with its top loading facility is designed for the carriage of heavy and awkward cargo such as machineries. It is also used to carry over height cargo which cannot be stowed in a general purpose container.

Popular posts from this blog

Bonded Warehouse

-
Image
Customs Definition Premise granted a license by the Director-General of Customs to store goods liable to customs duties and any other goods as approved by the Director-General of Customs under Section 65 of the Customs Act 1967. The establishment of a warehouse is based on the concept of a central storage and distribution of goods in this country and international trade. Objectives a) To reduce congestion at the port/airport b) To expedite the movement of goods c) To reduce financial liability on importers by allowing a partial payment of customs duty d) To reduce cost and allow importers to import larger quantity e) To encourage entreport trading There are few categories of bonded warehouse in this country which are listed as follows: a) Public Bonded Warehouse b) Private Bonded Warehouse c) Agent Bonded Warehouse d) Inland Clearance Depot e) Pekema Bonded Warehouse Application for License to establish a bonded warehouse: a) Letter of Application b) JKED No. 1 Form c) Application Form...
Read more

Certificate of Insurace

-
Image
The Certificate of Insurance is a document indicating the type and amount of insurance coverage in force on a particular shipment. In documentary credit transaction, the certificate of insurance is used to assure the consignee that insurance is provided to cover the loss of or damage to the cargo while in transit. A complete certificate of insurance should include the following elements: The name of the insurance company, Insurance policy number, Description of the merchandise insured, Points of origin and destination of the shipment. Coverage is indicated by the terms of sale. For example, for goods sold "FOB", coverage commences once the cargo is on board the vessel and continues until the consignee takes possession at either at the seaport or in-land port of destination, Conditions of coverage, exclusions and deductible, if applicable, A signature by the insurance carrier, underwriter or agent for the same, Indication that the cover is effective at the latest ...
Read more

Direct Logistics Activities

-
Image
Transportation: Transportation is a very essential part of the logistics system. A major focus in logistics is upon the physical movement or flow of goods or upon the network that moves the product. This network is composed of transportation agencies that provide the service for the firm. The logistics manager is responsible for selecting the mode or modes of transportation used in moving the raw materials and finished goods or for developing private transportation as an alternative. Storage: A second area, which has a trade-off relationship with transportation, is storage or in some circumstances called warehousing. It involves two separate but closely related activities i.e. inventory management and warehousing. A direct relationship exist between transportation and the level of inventory and the number of warehouses required. For instance, if firms use a relatively slow means of transport, they usually have to keep higher inventory levels and usually have more warehousing spa...
Read more