Key Benefits Of A Freight Forwarding Company
Importing and exporting are key components for many lucrative businesses. International shipping could present great business opportunities for you, but may also seem daunting.
If you have not heard the term “freight forwarder” before, you may be a little confused. Is it a shipping company? A distribution manager? An importing and exporting partner? A commercial freight forwarding firm is none of these things — but it takes on some of the responsibilities of all of them. Here’s what you need to know about using an international freight forwarder for your business-to-business shipping.
Advantages of Freight Forwarders
- Freight forwarders usually specialize in a specific service, mode of transportation, or market. This allows the company to choose the services the forwarder should handle. In turn, this gives the company greater control over the handling of their shipment.
- Knowledge and expertise are crucial when importing or exporting products. This work is performed via the customs clearance process. Freight forwarders have the most up-to-date information on customs regulations. Additionally, they can handle documentation, pay tariffs and handle taxes.
- One of the main advantages of a freight forwarder is their ability to offer services relating to trade. Some services include documentation, bank paperwork, cargo insurance, and inventory management.
Freight forwarding is an easy way to take your business and cargo to the next level. But, there are times when it is more effective to ship directly with the shipping company. Especially when they provide the same end-to-end supply chain services as forwarders, without the markup.