What is the scope of business of international freight forwarding

Freight forwarding agent's main business is to accept the entrustment of the principal, on matters related to cargo transportation, transshipment, warehousing, loading and unloading.

Freight forwarding industry refers to the acceptance of import and export goods consignee or consignor of the commission, in the name of the principal or in their own name, for the principal for the international transportation of goods and related business (customs clearance, handover, warehousing, transfer, inspection, packaging, transshipment, booking and so on) and receive compensation for the industry.

The main work includes: arranging suitable packaging of goods and choosing the transportation route for the goods by the fastest and most economical way of transportation. Suggesting warehousing and distribution to customers. Selection of reliable and efficient carriers and responsibility for concluding transportation contracts. Arranging weighting and measuring of cargoes. Carrying out insurance of cargoes. Consolidation of cargoes.

Storage of cargoes before shipment or before distribution of cargoes at destination. Arranging transportation of goods to the port, handling customs and related documents, and handing over the goods to the carrier. Undertake payment of freight, duties and taxes on behalf of the shipper or importer. Handle any foreign exchange transactions relating to the transportation of goods.

Freight forwarding significance and application:

With the development of international trade and transportation modes, international freight forwarding has penetrated into every field of international trade, an important and indispensable part of international trade. The rapid development of the market economy, so that the social division of labor tends to be more and more clear, a single trade operator or a single transport operators do not have enough power to personally deal with each specific business, they need to entrust the agent for a series of business procedures, so as to achieve their respective purposes.

The basic characteristics of the international freight forwarding agent is entrusted or authorized by the commissioner, on behalf of a variety of international trade, transport services required to do business, and receive a certain amount of compensation, or as an independent operator to complete and organize the transportation of goods, storage and other businesses, and therefore is considered to be the organizer of international transport, also known as the bridge of international trade and international freight transport designer.