background image
Regulations Image
28-12-2020

Freight Forwarder Regulations: Challenges and Solutions

What are Primary Freight Forwarder Responsibilities?

Freight forwarders have various responsibilities such as booking consignments with carriers and deciding on the best route and conditions for physical transport. They are also responsible for arranging various documentary requirements such as complying to air freight forwarders regulations, by preparing the air waybill. Moreover, freight forwarders also have to prepare the bill of lading for sea freight and CMR consignment for road freight. Freight forwarder responsibilities also include tracking information for clients and monitoring movement of consignments. With these responsibilities, come challenges that freight forwarders have to counter.

What are Some Challenges Faced by Freight Forwarders? 

Some challenges faced by freight forwarders in international business include complying with product related regulations and Incoterms from the International Chamber of Commerce. Moreover, there should be proper preparation of documents such as waybills, certificates of country of origin and certificates for agricultural goods. Furthermore, freight forwarders have to be prepared for sudden changes in the mode of transports and ensure the security of goods delivered. 

Regulations

 

What are the Freight Forwarder Regulations:

FIATA International Federation of Freight Forwarders Associations is a non-governmental organization representing freight forwarders worldwide. FIATA has established a standard that companies follow regardless of the country they operate in. Moreover, they publish rules, best practices and standardize FIATA documents such as the FIATA Multimodal Transport Waybill and FIATA Forwarding instructions. There is also guidance on the type of goods and products that are allowed to be transported. Other freight forward regulations such as insurances and hindrances are also explained. For instance, some goods can be declared under insurance policy but freight forwarders may also be able to cease operations depending on circumstance. Finally, courier and customer liabilities, limits and exclusions are also covered in the regulations. Each party is able to understand the many risks and limits involved. 

 

How can GoFreight help?

One way freight forwarders counter these challenges is by implementing recommendations from the International Transport Organizations to harmonize and standardize documentary requirements. However, implementing by yourself is cumbersome and time consuming; hence, a better solution is to apply modern IT software such as GoFreight. This SaaS allows for the features listed below:

  • Exchange information throughout transport chain 
  • Allow for freight forwarders and carriers to communicate 
  • Facilitate exchanging quotations and purchase orders between suppliers and vendors
  • Trace and track information

Software like GoFreight can help freight forwarders counter challenges and comply with regulations by harmonizing and standardizing exchange of information through the transport chain. Click here to learn more! 

How to Maximize ROI in Freight Forwarding / Logistics? How to Maximize ROI in Freight Forwarding / Logistics?
Wondering what is holding you back from achieving maximum ROI? It turns out software that is outdated often hampers you from getting those unrealized gains and savings. Modern freight forwarding systems should be those that are user-friendly and constantly evolving to tailor to your needs.
11-12-2020
Freight Forwarding in a Pandemic Freight Forwarding in a Pandemic
2020 was a rough year for all industries across the world, but particularly the post pandemic logistic industry. This is a year’s wrap up on the uncertainty and fluctuations in demand as well as the value of digitization and its potential to be utilized as a competitive advantage.
21-12-2020
Top 10 Freight Forwarding Training Courses in 2021 Top 10 Freight Forwarding Training Courses in 2021
Taking freight forwarding classes may be beneficial in understanding the market, but only freight forwarding software can give you the legs up in competition. Whether you are new to freight forwarding or already an experienced freight forwarder, freight forwarding software is the key factor to stay competitive in the industry from the year 2020 and later on.
12-01-2021
Let GoFreight be your digital partner for the next decade
We will make sure you grow successfully in the digital era.
Start Free Trial
Not ready to sign up yet? No worries!

Connect us with
a freight forwarder and get

$2500
This field is for validation purposes and should be left unchanged.
No Thanks