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Air Freight Management

HLFS Airfreight Management is capable in
managing single or complex shipments by air,
using all types of aircraft’s and equipment’s,
including dedicated charter flight and schedule
passenger and freighter services.

Sea Freight Management

HLFS offers a range of comprehensive services
which include Worldwide handling of Out of Gage
& Medium Size project cargo, FCL & LCL for Import
& Export , complemented by a keenly constructed
feasible solutions at a keenly priced tariff pooled
with dependable sailing schedules.

Land Transport Management

The HLFS Land Transport Department provides
domestic and international transportation, using
its own specialized fleet, equipped with
GPRS devises suitable for any type of
customer requirements.

Energy

HLFS has an adept crew who is well versed
in developing innovative solution packages
that stir confidence. Our best-in-class energy
service sector makes Heavy Load Freight
Services, your energy freight services partner.

Projects

HLFS offer a Project Management Service
through which all your logistic needs are
addressed. HLFS has an expert team who
is proficient in handling emergency
shipments, which require quick
preparation time and rapid action.

Multimodal

HLFS offers a multimodal transportation
not only as a combination of a few ways
of transportation like air, sea, road or rail,
but also, coalesce entire logistics
infrastructure like terminals, consolidated
warehouses, sea and air ports.

HLFS provides industrial packing and crafting
as well as lashing solutions to the clients.
HLFS has a qualified team which is well
experienced in lashing & packing of
heavy equipments.

Lashing and Industrial Packing

HLFS supply chain service include Preparing all
needed documents for legal approval, provides
stock management system for correct
categorization of products as well as better
record maintenance, also HLFS is experienced
and gives best storage facility to clients for
their large range of goods.

Supply Chain

Transshipment

HLFS equipped to handle all on-forwarding
cargo whether arrive by sea in containers,
break-bulk or Ro/Ro to Jebel Ali or by Air to Dubai
or DWC transshipment documents are done and
goods are to be on the way by either Air, Sea or
land to the Final destinations

EMAIL NEWSLETTER

For every business dealing in import/export of goods, Incoterms or “International Commercial Terms” define the operational boundaries of their trade. However, for new entrants to the industry, Incoterms can cause confusion. In this article, we take up what they (the Incoterms) are and why are they important?

What are Incoterms?

A stock term in the global cargo world, Incoterms is the set of rules that govern different types transportation services for freight management. The term was introduced by the International Chamber of Commerce (ICC) in 1936. Since then the rules have been updated eight times, having the latest version published in 2001.

The Incoterms is recognized by national governments, legal authorities and businesses all over the world for the understanding of frequently used terms in global trade. These rules remove the uncertainties that might occur due to different interpretation of the regulations in different countries. For every freight management company, they are strictly incorporated into the sales contracts.

Why are Incoterms Important?

These facilitate a fair understanding between the service provider and the service taker by defining the basic entities such as: who holds the responsibility of the products at every stage, who makes the payment for the cost elements, and who has the liability to bear the associated risks (the event of damage or loss, at a given point).

Acknowledged by the United Nations Commission on International Trade Law (UNICTRAL) as the international standard for transportation, the Incoterms is made available in 34 languages by the ICC.

Currently there are eleven Incoterms, with seven rules covering any other mode of transport and four particularly used for sea and inland waterway transport of goods.

Although a majority of trade is done using the 2010 Incoterms, some parties that are involved in a shipping transaction may agree to use a previous version, Incoterms 2000.

The first Incoterm, EXW (Ex Works), places a minimum responsibility on the seller, and covers only the packing costs and commercial documents. The customer is accountable for loading the products for transportation for exporting and bears the expenditure arising after assorting them.

While there are multiple other Incoterms that define the scope of an agreement between the buyer and the seller, DDP (Delivered Duty Paid) is the one that covers all of them. DDP represents the highest obligation that the seller can bear. It includes bearing the expenditure related to taxes, duties and other expenses while ensuring that the products reach their final place of after importing or exporting.

So, we can simply say that Incoterms are really important in import/export business and in subsequent posts we would be discussing details about all the Incoterms involved.

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