Merry Christmas & Happy New Year

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Wishing all my friends, colleagues, customers, vendors and readers a Merry Christmas and Happy New Year.

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Bonded Warehouse

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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...
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Direct Logistics Activities

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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...
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Air Transport Document (Air Waybill)

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An air waybill is a non-negotiable transport document covering transport of cargo from airport to airport. A complete air waybill contains the following criteria: Name of carrier with a signature identified as that of carrier or named agent for and/or on behalf of the carrier, An indication that the goods have been accepted for carriage as well as the date of issuance or date of loading, In a documentary letter of credit, an indication of the actual date of dispatch if required by the documentary letter of credit or if the actual date of dispatch is not required by the credit, the issuance date of the document is deemed to be the shipment date, An indication of the airport of departure and the destined airport, Appears on its face to be the original for consignor/shipper, Terms and conditions of carriage or a reference to the terms and conditions of carriage in another source or document, Meets any other stipulation of the sales contract or documentary letter of credit. C...
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