| What is International Freight forwarding? | | | | # The complexity involved in the freight forwarders' |
| Freight forwarding is a vital part of international trade | | | | job means that there is an element of risk to do |
| activity. International freight forwarders are referred | | | | with loss or damage that needs to be managed. |
| to as simply freight forwarders and they also called | | | | Freight forwarders typically arrange cargo movement |
| as travel agents for freight, even though there are | | | | to an international destination. |
| domestic freight forwarders. | | | | It is becoming more and more common for |
| Role of Freight Forwarders in International Trade | | | | companies to outsource certain parts of their |
| # Freight forwarders are an essential contributor to | | | | business, and the outsourcing of freight forwarding is |
| the easy running of international trade with thefreight | | | | a prime example of this trend. By forwarding cargo |
| forwarder responsible for choosing the right path for | | | | on time and to the right place, freight forwarders are |
| their customer's distribution needs. | | | | able to make a real contribution to developing the |
| # They help in moving goods from one part of the | | | | global marketplace. |
| world to another economically and efficiently and be | | | | What should be kept in mind while choosing freight |
| sure that cargo arriving at the right place and at the | | | | forwarders? There are certain criteria to take into |
| right time and thus involve a lot of management and | | | | consideration while selecting freight forwarder |
| logistics skills and common sense. | | | | # Cost: Keeping cost down is always be one of the |
| # Freight forwarders put into the care with the | | | | most important criteria for exporting company. So |
| delivery of goods from one party to another, who | | | | first approach should be search for more than one |
| not often knows each other. As a result, it is | | | | forwarder. Because rate varies from forwarders |
| essential that the freight forwarders follow the set | | | | # Members of BIFA (British international freight |
| procedure and prepares accurate documentation to | | | | association) BIFA is a professional organization for |
| facilitate the transaction process. | | | | freight forwarders. To get a membership of BIFA |
| # It is important for freight forwarders to negotiate | | | | there must be some regulation and standards. It is |
| freight rates regularly with transport providers and to | | | | not illegal for them to operate without membership |
| compare the costs involved with transporting cargo | | | | and does not mean they will not able to provide a |
| along various routes. This helps them get the right | | | | quality service. |
| balance between cost and delivery times. | | | | |