Monthly Archives: June, 2015
Enter the Dragon: The Nicaragua Canal
Connectivity has been one of the greatest motivator in human existence. Wanting to be interconnected; finding the easiest way from point A to point...
The Future of Shipping: Teleportation in Shipping
Peter Yang - 3
Imagine shipping your goods in a matter seconds, no need for air plane or cargo ships. As in the popular scientific thriller star trek,...
Biking Event
Another great event was held last Saturday on June 6th, 2015 by MTS Logistics. Despite the rain early in the morning, a record breaking...
Importance of Sailing Schedules
Each year, millions of vessel schedules change and make shipping more challenging for importers and exporters. It can be difficult and very costly to...
Who is authorized to make custom entry on your behalf?
Learn who is authorized to make US customs entries on your behalf.
Merchandise arriving in the United States by commercial carrier must be entered by...
What is an Importer Security Filing?
Under the new rule, before merchandise arriving by vessel can be imported into the United States, the “Importer Security Filing (ISF) Importer,” or their...
What does Genset refer to?
Genset may refer to: Diesel generator, a combination of diesel engine and electric generator. Engine-generator, a machine used to generate electricity. Genset locomotive, a railway locomotive...
What is a Flexitank?
A Flexitank is a bladder or bag that can be fit into a standard ISO container and used for the transport and/or storage of...
What is IATA?
The International Air Transport Association – works with its airline members and the air transport industry as a whole to promote safe, reliable, secure and economical...
What is a CERTIFICATE OF ORIGIN?
The Certificate of Origin (CO) is required by some countries for all or only certain products. In many cases, a statement of origin printed...
What is an Electronic Export Information Filing (formerly known as the Shipper’s Export Declaration)?
Electronic Export Information (EEI) is the most common of all export control documents. It is required for shipments above $2,500* and for shipments of...
What is a Bill of Lading?
A bill of lading is a contract between the owner of the goods and the carrier. For vessels, there are two types: a straight...
What is GRI?
GRI stands for 'General Rate Increase'. It occurs when a carrier announces an increase in base ocean freight rates within a given trade lane.
What is a ‘Customs Bond’ and when it is required?
A customs bond is a financial guaranty between the surety company who issues the bond, importer of record, and Customs & Border Protection (CBP)....
What is NVOCC?
NVOCC stands for 'Non-vessel Operating Common Carrier'. Non-vessel Operating Common Carriers can be a person or a company that organizes shipments for individuals or...
Steamship Line’s Overcapacities
Earlier last week, Maersk CEO expects overcapacity that will haunt this industry and doesn’t expect recovery for the next three years. Overcapacity has already...
