YOU ASK, GREEN ANSWERS What are the advantages of Straight, Switch, and To Order Bills of Lading? STRAIGHT BILL OF LADING A type of non-negotiable bill that specifies the ownership of the freight and requires the goods to be delivered only to the named consignee. The straight bill can [...]
YOU ASK, GREEN ANSWERS What is Vessel Utilization? Vessel utilization is the ratio of loaded containers to the total container slots available on a vessel. Increased vessel utilization reduces the need for repositioning empty containers. Repositioning accounts for roughly one fifth of global container movements. Optimizing vessel utilization can reduce [...]
YOU ASK, GREEN ANSWERS What is the Container Load Factor? Container load factor is the ratio of weight or volume of cargo in a container to the container’s maximum capacity. It is a measure of efficiency to understand how much capacity is being utilized. The container load factor is [...]
YOU ASK, GREEN ANSWERS What is a General Rate Increase (GRI)? A General Rate Increase, also known as GRI, is an annual percentage increase in shipping rates applied to the base freight rates. General Rate Increases reflect rising costs in transportation for a supply chain – such as, fuel, [...]
Fuel, in general, refers to any substance that is burned to produce energy. In the context of marine transportation, fuel typically refers to various types of fuel that are used to power ships, including bunker fuel, diesel, and liquefied natural gas (LNG). Bunker fuel refers to the heavy, viscous [...]
DOES A FOREIGN FIRM (BUYER) NEED TO IDENTIFY AS AN FPPI WHEN DEALING WITH A U.S. (SELLER) IN A ROUTED TRANSACTION WHEN THERE IS NO ACTUAL SELLING OF THE EQUIPMENT, BUT THE EQUIPMENT IS LEASED FOR A LIMITED AMOUNT OF TIME (LESS THAN 6 MONTHS) AND THEN RETURNED TO [...]
Taking action to reduce emissions within your supply chain can be a challenging but critical part of reaching your emission reduction targets. The following are some initial strategies you can implement to reduce your carbon footprint: TRANSPORTATION & LOGISTICS One of the biggest sources of emissions can be transportation. [...]
WHAT IS THE DIFFERENCE BETWEEN SUSTAINABILITY AND ESG? Sustainability and environmental, social, and governance (ESG) are separate but related concepts referring to how a company’s work impacts the world around it. Companies are “sustainable” when their operations and practices are designed to have a lower impact on society and [...]
As a company, when you import a product into the United States you bear a certain amount of responsibility for everything that has gone into the process of getting that product to market. This includes being aware of whether forced labor or human rights abuses occurred at any point [...]
WHAT IS SUPPLY CHAIN SUSTAINABILITY AND WHY IS IT IMPORTANT? Sustainability is critical for improving quality of life and protecting the environment for the future. Implementing sustainable processes and objectives in a supply chain is important for upholding three key responsibilities for the long-term growth and success of a [...]