FREIGHT PAYMENT GETTING STREAMLINED
Maritime Gateway|January 2020
Stakeholders in India’s export trade propose to set up a mechanism for payment of freight charges. This is aimed to curb “profiteering” in the exchange rate when the payments are made in Indian rupees.
FREIGHT PAYMENT GETTING STREAMLINED

Lack of transparency in the logistics cost has been a very contentious issue due to which the logistics cost has always remained on the upper side. With digitalisation making inroads into the sector, a certain level of transparency has been made possible into the charges of various stakeholders in the logistics chain. But that is not all. It is reported that FIEO and several other organisations representing the interests of exporters and importers of India have raised at various fora the issue of transparency in respect of the terminal handling charges (THC) for the containerised export and import cargo. Petitions have been received regarding the quantum of such terminal handling charges, the mismatch of such charges at the same port and terminal from one service provider to another, about whom these charges are to be paid to, lack of transparency in such charges etc.

The shippers remained distressed due to the high currency exchange rates quoted by shipping lines and their agents in freight invoices. It has been reported that the exchange rate quoted in invoices for freight charges was higher (about `2-3 more) than the prevailing market exchange rate. This was the case if the exporter chose to pay in rupees.

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Maritime Gateway

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Maritime Gateway

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Digital trading modules such as eNAM are enabling farmers to move their produce from farm to market even during the lockdown

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GARMENT TRADE TRAMPLED
Maritime Gateway

GARMENT TRADE TRAMPLED

As retailers face a shutdown in US and Europe, the cascading affect has caused mass cancellation of orders in Bangladesh

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TRADE RESUMES WITH CHINA
Maritime Gateway

TRADE RESUMES WITH CHINA

While India has allowed uninterrupted movement of imports into Nepal even during lockdown, China is reopening its borders as it emerges from the pandemic

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Maritime Gateway

LESS HUMAN INTENSIVE, MORE DATA DRIVEN

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Maritime Gateway

SHAKEN AND STIRRED

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TRADE STUCK, ECONOMY SLOWS DOWN
Maritime Gateway

TRADE STUCK, ECONOMY SLOWS DOWN

Sri Lankan economy slows down as trade deficit widens and supply chain disrupts amidst lockdown

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LENDING INTELLIGENCE TO SUPPLY CHAIN
Maritime Gateway

LENDING INTELLIGENCE TO SUPPLY CHAIN

If you’re shipping millions of dollars’ worth of pharmaceuticals, high-end electronics, expensive seafood, or precious metals, what would you be willing to pay for the ability to ‘ask’ your shipment where it is right now and whether it’s ok? What would you pay for a freight smart enough to raise an alarm before it spoils? Artificial Intelligence enables that and much more…

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CONTAINER LINES SIGNAL ‘SOS'
Maritime Gateway

CONTAINER LINES SIGNAL ‘SOS'

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IMO 2020 And The Covid-19 Curse
Maritime Gateway

IMO 2020 And The Covid-19 Curse

The COVID-19 outbreak has shaken and stirred the already volatile bunker market. While the refiners adjust their capacities and shipping lines choose their path to compliance, the market dynamics are yet to reach an equilibrium

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