ICT IN FREIGHT FORWARDING, Slides of Computer science

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Introduction

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ICT Basics

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Role of ICT in Business

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Freight Logistics

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Parties to freight forwarding activities

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The Importer is the buyer or ultimate consignee Exporters and Importers are usually well known to one another. This is especially true in the case of multinational companies, where a U.S., exporter’s foreign customer can be its own subsidiary or a joint venture partner. No strangers here

The freight forwarder is to the exporter what a travel agent is to traveler. The freight forwarder’s function is to arrange for the transportation of goods from the exporter’s warehouse to the importer’s port of entry and/or warehouse destination. It is also the responsibility of the freight forwarder to prepare all export and shipping documentation on behalf of the exporter and to present the documents to an international bank for collection

International banks are designed to facilitate trade by helping exporters expedite the flow of documents and payments. It is important that both the seller’s and buyer’s banks have correspondent relationships. This means that each bank may represent the other in specified transactions

The Common Carrier is the transportation firm that hauls the freight. Goods move via truck, air freight, ocean freight, or through any combination of these modes. Most shipments are now containerized or bulk/tanker shipped. Greater speed and safety make air freight a very attractive alternative to ocean freight, which often involves time consuming piggy-back transport modes. Containerized ocean freight shipments are commonly used today when air freight is not an option. Slower than air freight is not an option. Slower than air freight, they offer the advantage of warehouse to warehouse transport under a single freight bill