About Me



My name is H.C.Wong.

 I am a semi-retired logistics professional who possessed more than 27 years experience in logistics, trade administration, shipping, customer service and warehousing in the manufacturing sector. After my years of experience and exposures in this line, I had decided to put down whatever I had learned and experienced in writing and providing training to benefit others who are also in the same field.

 My academic credentials includes an MBA in Management from the Paris Graduate School of Management (PGSM), a BA (Hons) in Business Administration from the Nottingham University and a Diploma in Human Resources Management from the Institute of Commercial Management (ICM). 

 I am a professionally Certified Trainer (Human Resource Development Fund-HRDF), a Certified Supply Chain Security Specialist (Academy for Security, Intelligence & Risk Studies-ASIRS, formerly known as Chartered International Institute of Security & Crisis Management-CIISCM) and had obtained the Customs Agency Certification (Royal Malaysian Customs Academy-AKMAL) as well as being a Certified Coordinator for the Transported Assets Protection Association (TAPA Asia). 

  Asides, I am also a freelance trainer, consultant, transcriber and writer..

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Definition, nature and purpose of a Documentary Credit

Article 2 of the Uniform Custom and Practice for Documentary Credit defines a documentary credit as: "For the purpose of these articles, the expression documentary credits and standby letters of credit (hereinafter referred to as credits ) means any arrangements, however named or described, whereby a bank (the issuing bank) acting on request and on the instructions of a customer (the applicant) or on its own behalf: is to make a payment to or to the order of a third party (the beneficiary) or is to accept and pay bills of exchange (drafts) drawn by the beneficiary, or, authorizes another the bank to effect such payment or to accept and pay such bills of exchange (drafts) or, authorizes another bank to negotiate, against stipulated documents, provided that the terms and conditions of the credit are adhered with". In a layman language, a documentary credit may be describe as a legal undertaking in writing. It is issued by the customer's bank (also known as the issuing ba
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Bills of Lading

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A bill of lading is a document issued by a carrier to a shipper, signed by the captain, agent or owner of a vessel, furnishing written evidence regarding receipt of the cargo, the conditions on which transportation is made (contract of carriage) and the engagement to deliver goods as the prescribed port of destination to the lawful holder of the bill of lading. A bill of lading is, therefore both a receipt for the merchandise and a contract to deliver it as freight. There are a number of different types of bill of lading a number of issues that relate to them as a group of documents. Straight Bill of Lading (Non-Negotiable) A straight bill of lading indicates that the shipper will deliver the goods to the consignee. The document itself does not give title to the goods (making it non-negotiable). The consignee need only to identify himself to claim the goods. A straight bill of lading is often used when payment for the goods has already been made in advance or in cases where
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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
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