Freight forwarding is the planning and coordinating of the movement of commodities across international borders, on behalf of shippers. Other tasks involved include, but are not limited to: warehouse planning, supplying cargo insurance, and customs brokerage.
What is customs clearance? InvestorWords.com defines customs clearance as: noun. the act of passing goods through customs so that they can enter or leave the country. a document given by customs to a shipper to show that customs duty has been paid and the goods can be shipped.
consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements.
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.
Warehousing is the act of storing goods that will be sold or distributed later. While a small, home-based business might be warehousing products in a spare room, basement, or garage, larger businesses typically own or rent space in a building that is specifically designed for storage.
Transport, or transportation, is the movement of humans, animals and goods from one location to another. In other words, the action of transport is defined as a particular movement of an organism or thing from a point A to a point B. Modes of transport include air, land, water, cable, pipeline and space.
Project cargo handling is a specialized activity that involves packaging and transportation of cargo from factory to project site through multiple mode including customs clearance, project registration, route survey etc.
Duty drawback is a refund of 99% of the duties paid on goods imported into the United States that are subsequently exported. The drawback claimant can either be an importer, manufacturer or exporter, provided the proper authorization and documentation is filed with the U.S. Customs Service.
