Air & Ocean Freight Operations

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  1. AIR AND OCEAN FREIGHT OPERATIONS Prepared By: Abhijit Bhogate MBA IB (Sem-III) 500035334 2. Introduction  A freight forwarder is a professional logistic…
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  • 1. AIR AND OCEAN FREIGHT OPERATIONS Prepared By: Abhijit Bhogate MBA IB (Sem-III) 500035334
  • 2. Introduction  A freight forwarder is a professional logistic provider.  Freight forwarders are third parties and objective is to dispatch shipment via asset based carriers such as ship, airplanes or trucks.  Functions of Freight Forwarder  Best routing, Packing, Customs Clearance, Transport, Warehousing & Distribution, Rate and Contract Negotiations, Findings alternatives, Grouping & Consolidation  3 important arms  Air Freight, Ocean Freight, Logistics  This report is combined study of its freight forwarding operations both in Air and Ocean in India as well as analysis of future opportunities and threats.
  • 3. OPERATIONAL ANALYSIS Book & Plan Shipments Pick up from Shipper Receive freight at forwarder branch facility Transfer to forwarder Hub Prepare export Shipment Transfer Shipment to carrier domain Shipping of Consignment to Overseas Arrive shipments at destination forwarder hub Transfer to forwarder branch facility Load delivery vehicle Deliver, obtain POD & conclude cycle EXPORT IMPORT
  • 4. AIR FREIGHT  Air transportation is very much time efficient way to reach out consignee overseas.  Cost of transportation is more because of higher cost of fuel and limited capacity of Air Carriers.  In Air Export department the consignment should be properly checked by grounds men staff before passing it to custom. All duties n custom charges are paid according to the contract.  An Import department also checks for incoming cargo at port of landing itself and then it goes to custom checking. All duties and charges are handled according to the contract.  Shipment doesn’t take more than 2 days to reach next port. All documents and clearance process need to start quickly as time is very short between consignment dispatch and consignment landing.
  • 5. OCEAN FREIGHT  Ocean freight transportation takes usually a month or maximum two to reach final destination. So its more time consuming but have larger capacity maximum size is 18000 TEU’s.  Need to book container for filling cargo, container check in has to be done on time, duties and other charges are paid as per contract.  Import team need to trace ship’s status and its arriving timings, update consignee about all the facts and current status of shipments  Once cargo arrives need to check for any miss happening, transfer the cargo to consignee after settlement of all documents.
  • 6. RECOMMENDATIONS  e-FREIGHT-“Comprehensive Solution For Freight Forwarding Industry”  Paperless freight Transport  Cheaper & more reliable electronic messaging  Higher level of flexibility  Document Flow Management  DFM file process step in the closing of the file  Improve the efficiency of the file approval and closing without any delay  CSD (Consignment Security Declaration)  Every carrier demands for particular format for CSD  To avoid more and more paper as well as more and more confusion to attached different CSD to every consignment for carrier we can implement standard CSD format designed such a way that all necessary content will be included in the same
  • 7. SWOT ANALYSIS STRENGTH > 500 hundred branches all over the world > Asset light company > 15 branches all over the India > E-Freight implementation > More than 100 years of experience > Strong financial position and brand identity WEAKNESS > HR department in not in every branches. > Employee Motivation is missing. > Hurdle in the procedure of file closing. > Inefficiency of the operations in the middle east, Africa. OPPORTUNITY > Continuous growth and expansion > Able to gain new customer by offering better rates THREAT > Strong price competition. > Global price rises in the fuel. > Emergence of new competitors > Big players entering in the Asia market > Small players offering low prices
  • 8. THANK YOU!!!
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