by Corina Meoño | Apr 26, 2019 | Compliance, Logistics, Supply Chain Dictionary
Demurrage FAQs and How to Avoid It Imagine for a moment your freight has arrived at the port. Five days have passed, and your cargo still has not left the terminal. What could have happened? Poor communication and coordination, disputes, and lack of contingencies...
by Alex Pappas | Mar 25, 2019 | Air Freight Forwarding, Compliance, Supply Chain Dictionary
What Is a Known Shipper? A Guide to KSMS The Known Shipper Management System (KSMS) is a program the Transportation Security Administration (TSA) uses to qualify shippers to load cargo on passenger planes in the U.S. The purpose of the KSMS is to enhance international...
by Alex Pappas | Mar 9, 2018 | Supply Chain Dictionary
What is Harbor Maintenance Fee (HMF)? Definition The Harbor Maintenance Fee (HMF) is a fee imposed by U.S. Customs and Border Protection (CBP) for U.S. imports shipped via ocean freight. It is charged at 0.125% of the value of the commercial cargo shipped through...
by Alex Pappas | Mar 9, 2018 | Supply Chain Dictionary
What is Merchandise Processing Fee (MPF)? Definition The Merchandise Processing Fee (MPF) is a fee imposed by U.S. Customs and Border Protection (CBP) for most U.S. imports. The MPF is charged at 0.3456% of the value of the merchandise being imported. There is a...
by Corina Meoño | Apr 3, 2017 | Freight Forwarder, Logistics, Supply Chain Dictionary
11 Essential Global Logistics Terms In the world of ocean and air freight, there are a lot of industry terms and jargon that relate to compliance or are essential to ensuring a smooth shipment. As an international freight forwarder, we’ve compiled a quick reference of...
by Corina Meoño | Jan 25, 2017 | Compliance, Freight Forwarder, Ports, Supply Chain Dictionary
Supply Chain Compliance 101 As you may have noticed in the supply chain and logistics world, there are a lot of terms you will need to learn. Many are abbreviations for government agencies, laws or specific compliance requirements; but all are essential to ensure...
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