Inauguration – CMA CGM Benjamin Franklin

By Robbin Dewalt

Long Beach, California
February 19, 2016
 

I was fortunate enough to have been invited to this historic event.  During the ceremony, speakers consisted of the Chairman and CEO of CMA CGM Mr. Jacques R. Saade, Long Beach Mayor Dr. Robert Garcia and Port of Long Beach officials.  The inauguration was performed by the sponsor/godmother of the CMA CGM Benjamin Franklin Mrs. Shelley McMillon, who is also the President and CEO of Walmart Stores, Inc.  Sponsors are considered a permanent member of the ship’s crew, and are meant to bring good luck to the ship.  After the inauguration we were treated to vessel tours of this amazing ship.  From the dock to the wheel house all aspects of the ship were very impressive.

The CMA CGM Benjamin Franklin is the first vessel of its size to call a US Port including all of North America. It is equipped with the most up to date environmental technology that uses less fuel, emits less carbon dioxide, and complies with 2025 efficiency standards.

Despite being so efficient and environmentally friendly, the Benjamin Franklin boasts some impressive stats. It is longer than 4 football fields or 5.5 Airbus A380 aircraft, and is as high as a 20 story building, at 197’ tall.  It is 1306 feet long – Longer than the Aircraft carrier USS George H. W. Bush (332m/1090ft).  The engine is as powerful as 900 Ford Focus cars, and is coupled with a propeller to provide 21-knots thrust, equivalent to that of 11 Boeing 747-400 engines.  All of this allows the ship holds 18,000 TEU’s or 109km of containers end to end, the distance between Santa Monica, CA and Santa Barbara, CA.

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Export Tips

By Michael Capezza

The International Trade Administration of the USA’s Department of Commerce provides an invaluable internet Portal for companies both currently exporting and for those that may be aspiring to export.

The Portal can be accessed at www.export.gov.  Upon signing in the user is exposed to a virtual bazaar of useful information:

  • Overseas market intelligence of 125 markets.
  • Government resources for financing, product classification & licensing for export, trade promotion, etc.
  • Trade Leads
  • Webinars providing basic and advanced exporting education
  • Local offices in each state of the union as well as international locations

Perhaps the best part about the Export.gov Portal is that all of the information contained on the site is available at no cost to the user. In addition, the site allows the user to subscribe to specific entities of interest (such as the Small Business Administration) and receive automatic updates from each entity chosen via e-mail. This feature allows the user to remain current in each area of interest without having to remember to periodically check each entity.

Every company that is currently exporting and any company that has an interest in exporting should make a point of utilizing the Portal as a valuable resource and tool for expanding its business to overseas markets. The information is valuable and free!

It is also recommended to contact your local Export Assistance Center, for local seminars, training and information available in your area.

Should My Company Cover Marine Cargo Insurance or Not?

By: Michel Wouters, Worldwide Logistics Ltd.

Many people and companies are under the impression that shipments are automatically insured by the supplier, consignee, carrier or freight forwarder. Unfortunately this is a misconception.

Quite often we hear the statement: “We have been shipping for many years without covering any type of marine cargo insurance. We have never had a loss or damage to our goods!” While many companies feel that the insurance premium is costly it usually represents only a fraction of the cost of the merchandise and also gives peace of mind.

Damage, pilferage and loss of cargo are a daily fact. Accidents do happen and cargo ships sink. There are so many chances for some sort of freight claim. While I personally believe that no one purposely would damage goods, it happens!

Let’s analyze who covers what and how much.

  • Suppliers will only insure the goods if this agreed upon through a specific Incoterm. Many companies are under the impression that the vendor will insure the goods for the full landed cost value. For instance, the Incoterm “CIF“ states that the supplier is to insure the goods, however the obligation from the supplier is to insure only a minimal coverage, as stated under that specific Incoterm.

Carriers, such as steamship lines, NVOCC, airlines and truckers, usually have a limited cargo insurance liability which is not sufficient to cover the full value of the cargo, as demonstrated hereunder:

  • NVOCCs and steamship lines usually cover a limited liability insurance of $500.00 per package or container.
  • Airlines usually have a limited liability of carriage of $ 20.00 per actual kilogram.
  • Truckers frequently show on their Bills of lading a Dollar limitation on the value of the cargo or specify a dollar limit of liability.

Based on the above limitations many companies would have a hard time to withstand a total or partial claim to a shipment.

Many small to midsize companies find it impossible to secure their own marine insurance cargo policy because most insurance carriers require a larger volume of insurance. Most freight forwarders have an “open cargo insurance policy” which means that many freight forwarders have the capability of insuring your cargo from door to door, thus limiting your risks and exposures. This coverage is available on a case by case basis, and while not all commodities are included in the coverage, an exception can be requested from the insurance carrier. Be aware of the different coverage options available as well as the various clauses in the policy. The insurance premium is calculated based the commodity, origin/destination of the cargo, mode of transportation, and is based on a percentage of the value of the goods.

A common mistake companies make is to insure only the value of the cargo, instead of the landed cost. It is advisable to add all the landed expenses to the value. (Landed cost equals freight costs, duties and taxes, pier charges, marine insurance cargo premium etc.) While this will increase the premium slightly, it will cover those types of expenses in case of a claim.

One should make sure to give the freight forwarder written instructions to insure the goods, as well as the value to declare.

Cargo Marine Insurance coverage is a good way to mitigate loss of revenue and give peace of mind.

 

About Worldwide Logistics Ltd.

Worldwide Logistics Ltd. was formed with a single goal. That is to create a logistics company that could offer competitive and comprehensive solutions without compromising personal service. International & Domestic freight services offered spanning Ocean, Air, Truck & Rail.

 

Phone: 1.201.556.0909
Email: sales(at)wwllmail(dot)com
Address: 25 E. Spring Valley Avenue, Suite 205, Maywood, NJ 07607

Website: http://worldwidelogisticsltd.com/

Worldwide Logistics Ltd. & Affiliates Offer Tips on How to Effectively Utilize LCL & Consolidation International Shipping Services to/from Europe and the United States.

Worldwide Logistics Ltd. & Affiliates are offering companies freight forwarding tips on LCL & Consolidation services between Europe and the US.

Worldwide Logistics Ltd., affiliates & agents have put together a list of suggestions on how to effectively utilize their new International Freight Forwarding services to/from Europe/US.

Using less-than-container load (LCL) services to ship smaller ocean freight volumes can reap large benefits. When it comes to ocean freight forwarding (http://worldwidelogisticsltd.com/services), many shippers strive for full container loads (FCL), believing that’s their best option for moving goods across the sea. Often, they’re correct—less-than-container load (LCL) shipments can cost considerably more. But as some shippers begin to take a broader view of their supply chains, they find that smaller shipments can be the most cost-effective choice for certain combinations of goods, order size, and market need.

Small- and mid-size businesses use LCL frequently because they simply don’t have the volume to fill a full load, and waiting until they do would mean missing delivery deadlines. LCL shipments are also typical for companies opening new markets or serving smaller ones. And sometimes manufacturing a product—say, a sparingly used but vital and perishable ingredient for hand cream—depends on a small but regular supply.

Retailers, especially apparel, are frequent LCL users, as are the automotive, oil and gas, chemicals, and e-commerce industries.

Top Industry Tips & Advantages LCL Provides include:

  • Delineated costs. LCL makes it easier to allocate freight forwarding (http://worldwidelogisticsltd.com/services) costs because an LCL shipment’s order amount or cubic foot size is clear.
  • Flexibility. The small order sizes enabled by LCL not only reduce inventory investment, they also give shippers flexibility.
  • Speedier vessels. Transit time in consolidation will be fastest with LCL because consolidators can select vessels with direct routes or fewer stops as opposed to long routes with multiple stops.
  • Preferential treatment. LCL consolidation containers move at higher freight rates than general commodity FCL, so carriers tend to give them preferential loading. Another reason: LCL container shipments are usually consistent in volume, and typically shipped port-to-port.

About Worldwide Logistics Ltd.

Worldwide Logistics Ltd. was formed with a single goal. That is to create a logistics company that could offer competitive and comprehensive solutions without compromising personal service. International & Domestic Freight Forwarding Services (http://worldwidelogisticsltd.com/) offered, include Ocean, Air, Truck & Rail service.

Phone: 1.201.556.0909
Email: sales(at)wwllmail(dot)com
Address: 25 E. Spring Valley Avenue, Suite 205, Maywood, NJ 07607

Contact Information
Lisa Spano
Worldwide Logistics ltd.
http://worldwidelogisticsltd.com/
(201) 556-0909

Worldwide Logistics Ltd. Announces Their Immediate Offering of LCL, Warehousing, Consolidation & Various International Shipping Services to/from Europe and the US

The Worldwide Logistics Ltd. Team is very excited to announce their expansion of freight forwarding services between Europe and the US.

Worldwide Logistics Ltd. has been working diligently, collaborating with their Agent in Europe to expand their shipping services to/from Europe/US. They are proud to announce this affiliation and are looking forward to servicing all international shipping needs.

Importing and exporting are key components for many lucrative businesses. International shipping could present great business opportunities for so many, but may also seem daunting.

The process, paperwork, and regulations involved in international trade may seem intimidating. However, anyone can be a successful international shipper without getting caught up in the logistics of logistics.
That’s what a freight forwarder is for.

What is a freight forwarder?

A freight forwarder (http://worldwidelogisticsltd.com/) is a company that arranges importing and exporting of goods.

So what does that actually mean in terms of what a freight forwarder does?

What does a freight forwarder actually do?

There is a lot that goes into arranging international shipping. While the freight forwarder handles the details of international shipping, it is important to know what a freight forwarder does not do in order to understand what a freight forwarder actually does.

A freight forwarder does not actually move the freight itself.

The freight forwarder acts as an intermediary between a shipper and various transportation services such as ocean shipping on cargo ships, trucking, expedited shipping by air freight, and moving goods by rail.

A freight forwarding (http://worldwidelogisticsltd.com/) service utilizes established relationships with carriers, from air freighters and trucking companies, to rail freighters and ocean liners, in order to negotiate the best possible price to move shippers’ goods along the most economical route by working out various bids and choosing the one that best balances speed, cost, and reliability.

Freight forwarders handle the considerable logistics of shipping goods from one international destination to another, a task that would otherwise be a formidable burden for their client.

About Worldwide Logistics Ltd.

Worldwide Logistics Ltd. was formed with a single goal. That is to create a logistics company that could offer competitive and comprehensive solutions without compromising personal service. International & Domestic Freight Services (http://worldwidelogisticsltd.com/) offered, include Ocean, Air, Truck & Rail service.

Phone: 1.201.556.0909
Email: sales(at)wwllmail(dot)com
Address: 25 E. Spring Valley Avenue, Suite 205, Maywood, NJ 07607

Contact Information
Lisa Spano
Worldwide Logistics ltd.
http://worldwidelogisticsltd.com/
(201) 556-0909