Top forwarders all set for cash flow boost as earnings sag
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Shipper representatives have claimed that some freight forwarders and carriers have looked to use the recently implemented VGM regulations as a way generating further revenues, with reports of VGM-related costs steadily being added to ocean freight invoices.
Friday saw the official implementation of the new SOLAS legislation, now exporters must provide the verified gross mass of the container and its contents prior to it being loaded on a vessel.
Shippers have two methods to deliver a VGM – either weighing the loaded ...
Comment on this article
Mihai
July 05, 2016 at 9:46 amWhy does the title mention that forwarders and carriers are taking advantage of the VGM regulation when concrete examples are only provided for K&N and OOCL logostics?
Frustrated
July 11, 2016 at 6:45 pmWhy are the forwarders always the ‘whipping boys’? They are not the ones making the rules, just following them. And who is to say, they should not be compensated for the additional work they do, no matter how trivial it may seem to the shippers. We live in a global world of fees, extras, add-ons, surcharges in every aspect of business and life and we readily accept it, Why should this be any different?