Circumstances lead to exporters and importers using the services of the freight forwarders for coordinating charge of the goods
Freight forwarding is the service that is used by the entities those deal in the multi-national or international export and import though the freight forwarder does not move freight itself actually, it acts as the intermediary among client and different transportation service. Moving the products from 1 international destination to other may involve the multitude of the requirements, legalities and carriers. Freight forwarders handle considerable logistics of the task for its clients and relief the client from the formidable burden. Further, the business affairs or the trade industry require the entities to implement effective methods for maintaining the desirable flow of the competitiveness and profits (Huang et al., 2018). Expansion of the market is viable approach for the purpose of growth that is used by the entities for widening the commercial territory and for making sales at the higher levels. Further, the increasing demand for the exports as well as imports all over the globe make the freight forwarder key player in the global commerce (Poliak et al., 2018). Obviously the entities involved with exports and imports have particular requirements for the freight forwarders however, below are the most common requirements from the freight forwarder –
Hence, the exporters and importers require the services of freight forwarders for getting reliable services, better communication, one stop solutions, competitive rates and good relationship in working context. For example, freight forwarders handle everything associated with shopping of goods and hence they act as the intermediaries among the firm and transport company
The terms forwarding agent and freight forwarders are generic terms that encompasses different specialized profession as the professional. Some of the forwarders provide wide range of the functions whereas others generally restrict themselves to the particular or specialty geographical coverage. These different kinds of function are mentioned below. Further, it is crucial for the traders understanding that the forwarders may act as the principle or agent with variations in the legal consequences (Popovych, Shyriaieva & Selivanova, 2016). Primary duties of the freight forwarders are as follows –
Accepted liabilities from freight forwarders are as follows –
Archetti, C., & Peirano, L. (2019). Air intermodal freight transportation: the Freight Forwarder Service Problem. Omega.
Gil-Saura, I., Berenguer-Contri, G., & Ruiz-Molina, E. (2018). Satisfaction and loyalty in B2B relationships in the freight forwarding industry: adding perceived value and service quality into equation. Transport, 33(5), 1184-1195.
Huang, G., Xu, X., Song, H., & Lim, H. (2018). Analysis on the Development of International Freight Forwarding Company-Taking Changbao International Freight Forwarding (Shanghai) Co., Ltd as an Example. Global Finance Review, 1(1).
Jacobs, A. (2015). The effects of the concentration in the liner shipping industry on the services provided by ocean freight forwarding companies (Doctoral dissertation).
Lee, E. S. (2017). Managing Inter-firm rivalry dynamics of freight forwarders: The impact of knowledge and environments.
Poliak, M., Šimurková, P., Ja?kiewicz, M., & Hernandez, S. (2018). Unification Proposal on Market Access for Freight Forwarding in the European Union. New Trends in Production Engineering, 1(1), 197-203.
Popovych, P., Shyriaieva, S., & Selivanova, N. (2016). Analysis of the interaction of participants freight forwarding system. Journal of Sustainable Development of Transport and Logistics, 1(1), 16-22.
Savic, I. (2018). In Freight Forwarding: Law and Logistics. Zbornik PFZ, 68, 303.
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