An international freight forwarder is one of the most valuable assets to any export-import business, and a good one is worth every penny of the price you will pay for their services. It isn’t enough to find a product to sell, establish reliable vendors, and maintain a trustworthy payment processing plan. You must also worry about what happens to the products you import and export after the transaction begins. After all, proper freight forwarding is the main link in the chain of a healthy export-import business relationship. If this all-important step is not handled adequately, then the rest of the transaction process breaks down.
So before you decide to take everything on yourself, keep the number of a good international freight forwarder handy and avoid the headaches, hassles, and oversights that can doom your business before it even gets started international freight transportation.
Here are five ways an international freight forwarder can help:
Customs clearance: Red tape is a harsh reality of the export-import business. No matter what product you choose to sell or purchase, there are a different set of rules that you can never be completely sure of if you are also handling marketing, client relations, and fulfillment. International freight forwarders specialize in knowing the specialties. They are aware of any documents that need to be provided, and they are aces at handling the particulars.
Payment transactions: Hopefully, you have reached an appropriate agreement with your vendors and a reputable financial institution who will provide you with a letter of credit for each transaction. Once this has been established, your financial institution will probably require certain forms of documentation, such as a bill of lading, to endorse the transaction. An international freight forwarder can make sure that your documentation will meet the requirements of any reputable financial institution, thus ensuring that you get your money or your product without any hitches.
Insurance: Insurance is an essential part of the transactions that your business takes part in. But where do you possibly begin? You don’t want to pay for unnecessary policies, nor do you want to overlook essentials that can keep you protected throughout the process. An international freight forwarder is able to guide you in the right direction to make sure that the coverage you keep is the only coverage that you need on all items and all transactions.
Inventory management: An international freight forwarder is close to your freight. Who better to help you in tracking your inventory? If you do not drop-ship every single item that you sell, then you will inevitably need to keep inventory to ensure a proper, timely transaction. That’s where a reputable freight forwarder can help.
Logistics solution: It doesn’t matter the risk, nor the rewards, you will always want to keep track of your transactions from the time of shipping to the time of delivery. After all, you want to keep your customer informed, and if you are the customer you want to stay informed. An international freight forwarder can keep you up-to-date on all activity through fulfillment, so that everyone is protected, no matter what.