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AD Code ( Authorized Dealer Code)
20Sep-23

AD Code ( Authorized Dealer Code)

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An AD Code is a 14-digit code, which is given by the bank where the exporter maintains a business current account. The first four digits of the code represent the bank code, the next four digits represent the branch code, and the last six digits represent the unique account number of the authorised dealer. This code, printed with the bank letterhead, can be obtained after the exporter has registered for an Import Export Code (IEC) by the Director General of Foreign Trade (DGFT). The Reserve Bank of India (RBI) issues AD Codes to authorised dealers to facilitate their foreign exchange transactions. AD Codes are necessary for all foreign exchange transactions, including imports, exports, and remittances. Entities that need to engage in foreign exchange transactions in India, such as importers, exporters, and individuals, need to provide the AD Code of the authorized dealer they are transacting with to complete the transaction. The AD Code helps...

Best Break Bulk Chartering Services in Delhi
22May-23

Unleashing the Power of the Break Bulk Vessel: Changing the Face of Maritime Shipping

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Introduction: Unraveling the Mysteries of the Break Bulk Vessel Imagine a bustling port with massive cranes heaving over ships, offloading a dazzling array of cargo. Amid this melee, one ship stands apart - the Break Bulk Vessel. What makes it unique? How does it shape maritime shipping? Well, it's high time we set sail on this enlightening voyage! The Break Bulk Vessel - The Backbone of Global Trade What's in a Name: Decoding 'Break Bulk' The term 'break bulk' comes from the phrase 'breaking bulk,' an old shipping expression referring to the act of extracting a portion of a ship's cargo to make it lighter. Now, ain't that an interesting start? Understanding the Design Breaking it down, the break bulk vessel is specifically designed to handle cargo that doesn't conform to standard shipping container sizes. These hardy vessels are equipped with large cargo holds and onboard cranes for loading and unloading goods - from bags...

Cargo Courier Services
15May-23

A Comprehensive Guide to Cargo Courier Services: Sending Your Freight with Confidence

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Introduction Welcome aboard! We're setting sail into the vast sea of "cargo courier services". Fasten your seat belts because this journey will take us through different types of courier services, their benefits, and how to select the best for your business. Cargo Courier Services: The Lifeblood of Global Trade You might be wondering, what exactly are cargo courier services? Simply put, they handle the delivery of cargo, or freight, from one location to another. The Logistics of Cargo Courier Services and Cargo Courier Types: A Broad Spectrum will give you more in-depth information. The Logistics of Cargo Courier Services These services work as the middlemen between senders and receivers. They're responsible for Picking Up the Cargo, Cargo Packaging and Storage, Transit and finally, Delivery. Picking Up the Cargo This is where it all begins. The courier service collects the freight from the sender's location, ensuring it is properly prepared for transit. Cargo Packaging and Storage Once...

Break Bulk Services
12May-23

Breaking Down ‘Break Bulk’: A Deep Dive into the Logistics Industry

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Introduction Shipping cargo is as much an art as it is a science. In an increasingly connected global economy, how goods are transported from A to B can make a world of difference. In this in-depth article, we'll explore an oft-overlooked yet critical aspect of logistics: break bulk shipping. Ready to set sail into a sea of knowledge? Let's dive in! Break Bulk: Unmasking the Giant What is Break Bulk? So, you might be asking, "What exactly is break bulk?" Well, break bulk refers to goods that cannot be containerized due to their size, weight, or shape and are therefore loaded individually onto shipping vessels. It's kind of like trying to pack an oversized teddy bear into a suitcase – it just won't fit. Why Choose Break Bulk? Why bother with break bulk shipping? Wouldn't it be easier to just stuff everything into containers? Well, for some cargo, container shipping is indeed the best option....

What is Warehousing?
6Jan-23

What is Warehousing ?

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Introduction The act of warehousing involves storing goods that can be sold or distributed later. Warehousing plays a significant role in the supply chain by enabling companies to store goods until they are ready for shipment to customers or other locations. The warehouse is a commercial building for storage of goods. Warehouses are of different sizes and types, from small storage units to large distribution centers. Depending on the needs of the company, warehouses can use them for short-term or long-term storage. Moreover, companies can utilize warehouses to store a variety of goods, ranging from raw materials to finished products. Purpose of warehousing The purpose of warehousing is to provide a centralized location. Warehousing is an essential component of supply chain management and plays a critical role in facilitating the movement of goods from producers to consumers. Specifically, warehousing serves the following purposes: Storage: Warehouses provide a secure and controlled environment for storing goods,...

Ocean Freight services
26Dec-22

What is Ocean Freight ?

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Ocean freight is the transportation of goods or products by sea, typically using cargo ships or vessels. It is a type of shipping that involves the movement of goods between ports and across oceans. People commonly use this mode of transportation for shipping large goods that are too heavy or bulky to transport by air or land. Ocean freight involves several parties:-  The shipper (the person or company sending the goods)  The carrier (the shipping company or vessel operator) The consignee (the person or company receiving the goods).  The cost of ocean freight typically depends on factors such as the weight and volume of the goods, the distance between ports, and the type of shipping service selected (such as full container load or less than container load). Advantages of ocean freight There are several advantages to using ocean freight as a mode of transportation: Cost-effectiveness: Compared to air or road transport, ocean freight is a cost-effective option...

Best Logistics Companies in Delhi
24Dec-22

What is Custom Clearance?

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Custom clearance refers to the process of getting goods through customs authorities in order to import or export them from a country.  It involves compliance with various customs regulations, submitting necessary documents, paying relevant taxes, and completing necessary inspections. Custom Clearance A customs broker typically handles custom clearance by submitting the required documents and paying any applicable duties or taxes on behalf of the importer or exporter. The custom broker ensures that the goods comply with the regulations and laws and also verifies the accuracy of the information provided on the declaration form. Advantages It ensures that the importer or exporter complies with the country's regulations and that the imported or exported goods are legal. By paying any applicable duties or taxes, customs clearance helps to ensure that the government is able to collect revenue from the import and export of goods. It will avoid delays in delivery Types of Custom Clearance The process of passing goods through...

Clearing & Forwarding
21Dec-22

What is Clearing & Forwarding ?

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Clearing and forwarding (C&F) services are a critical component of the logistics industry. They involve the coordination and management of the customs clearance and transportation of goods from the point of origin to the final destination. C&F agents act as intermediaries between the shipper and the carrier, handling the logistics, customs clearance, and documentation required for the shipment of goods. The primary role of C&F services is to facilitate the smooth and efficient clearance of goods through customs. This includes preparing and submitting the necessary documentation, such as the bill of lading and commercial invoice, as well as ensuring that the goods comply with all relevant regulations and laws. C&F agents also handle the payment of any duties or taxes that may be applicable to the shipment. C&F services also involve the coordination of the physical transportation of goods. This includes arranging for the pickup and delivery of goods, as well...

freight forwarding services in Delhi
20Dec-22

What is Freight Forwarding?

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Freight forwarding refers to the process of organizing and coordinating the shipment of goods from one place to another on behalf of a client. A freight forwarder is a third-party logistics provider that acts as an intermediary between the shipper and various transportation services, such as air, sea, or ground carriers. Freight forwarding services include: Freight forwarding services typically include managing documentation, arranging for the transportation of goods, and handling customs and other regulatory requirements. The freight forwarder may also provide additional services, such as cargo insurance, warehousing, and distribution. Primary Goal The primary goal of freight forwarding is to ensure that goods are transported from one location to another in a safe, timely, and cost-effective manner. Freight forwarders play a vital role in the global economy by facilitating trade and commerce between countries and regions. The role of a freight forwarder is to act as an intermediary between shippers and various transportation services,...

Best Air Freight Logistics company in Delhi
19Dec-22

What is Air Freight ?

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Air freight is a type of shipping method that involves the transportation of goods by airplane. This method of shipping is often used for time-sensitive or high-value items, as it is faster than other forms of transportation such as sea or ground shipping. One of the main advantages of air freight is its speed. Airplanes can travel at high speeds, allowing goods to be delivered quickly to their destination. This is especially important for perishable goods or items that are needed on a tight deadline. Another advantage of air freight is its reliability. Airplanes are able to fly in most weather conditions, making it less likely for shipments to be delayed due to inclement weather. Additionally, most major airports have customs clearance facilities, which can help to speed up the import and export process. However, air freight also has its downsides. One major disadvantage is cost. Airplanes require significant amounts of fuel,...

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