The benefits of participating in CTPAT

-
CTPAT offers trade related businesses an opportunity to play an active role in the war against terrorism. By participating in this first worldwide supply chaim security initiative, companies will ensure more secure and expeditious supply chain for their employees, suppliers and customers.

Beyond these essential security benefits, the US Customs and Border Protection (CBP) will offer benefits to certain CTPAT member categories, including:
  1. a reduced number of CBP inspections (reduced border delay times);
  2. priority processing for CBP inspections (front line processing for inspections when possible);
  3. assignment of a CTPAT Supply Chain Security Specialist (SCSS) who will work with the company to validate and enhance security throughout the company's international suply chain;
  4. potential eligibility for CBP Importer Self-Assessment program (ISA) with an emphasis on self-policing, not CBP audits;
  5. eligibility to attend CTPAT supply chain security training seminars.
It is clear that security issues will pay an ever more important role in international trade logistics. Today's voluntary programs may become mandatory programs in the future.

Many companies recognize that participation in CTPAT is part of a "best practices" approach to achieving leadership in their industry.

Popular posts from this blog

Value-Added Role of Logistics

-
Image
Form Utility . It refers to the value added to goods through a manufacturing, production or assembling process. For example, form utility results when raw materials are combined in some predetermined manner to make a finished product. This is the case, for instance, when a bottling company adds together syrup, water and carbonation to make a soft drink. The simple process of adding the raw materials together to produce the soft drink represents a change in product form that adds value to the product. In today's economic environment, certain logistics activities can also provide form utility. For example, breaking bulk and product mixing, which typically take place at distribution centres, change a product's form by changing its shipment size and packaging characteristics. Thus, unpacking a pallet of breakfast cereal into individual customer size boxes form utility to the product. However, the two principal methods in which logistics adds value are in place and time utility
Read more

Various Basic Shipping Charges on Landside and Waterside

-
Landside Stevedoring - cargo handling charges for loading / discharging cargo on / from conventional breakbulk vessels. LCL Service Charge - charge for stuffing and unstuffing LCL (Less than Container Load) cargo into or from a container at the freight station. Equipment Transfer Charge (ETC) - charge for lifting an empty or loaded container onto / from the trailer. Also called Lift-on / Lift-off (LOLO) charge. This charge is applicable on FCL (Full Container Load) containers only. Terminal Handling Charge (THC) - charge for handling (receiving and delivering) FCL containers at the container yard (CY). Waterside Bunker Adjustment Factor (BAF) - surcharge for offsetting changes in fuel prices. Congestion Surcharge - surcharge levied on cargo that are discharge at a port where ships are experiencing delays in turnaround time. Currency Adjustment Factor (CAF) - surcharge for offsetting fluctuations in currency exchange rates of various currencies against the US Dollar. In Asia and Japan t
Read more

Multimodalism - Definition and Concept

-
Image
A global scenario is developing whereby: a) production, manufacturing, distribution and consumption is becoming increasingly sophisticated in order to ensure products are available in the global market place at the correct time, for the correct price and in good condition. b) transport services are changing in nature to meet the demands of buyers and sellers involved in the global production and consumption cycle. c) transportation services demanded by buyers and sellers increasingly involve collection of goods at a place in one country for delivery to a place in another country within specified time frames and with contractual agreement clearly setting out areas of responsibilities and liability. d) results of containerization. e) new technologies in transport (including communication systems). The name commonly applied to this all embracing transport service is Multimodal Transport. What is Multimodal Transport? The United Nations Convention on International Multimodal Transport of G
Read more