THE NATURAL OF GOODS CONSOLIDATION SERVICE
Forwarders are individuals/organizations that act as intermediaries to help goods be connected and transported to the required destination.
1. What is consolidation?
Consolidation is a service provided for the purpose of gathering small, retail orders with the same destination from many people to one point and packing them into containers for transportation.
Overview, benefits of freight consolidation services include:
- Helps reduce import procedure time for businesses
- Avoid errors in the process of making documents, procedures, and customs declaration
- Optimize and reduce large transportation costs for shipments, helping businesses reduce costs.
Join MDCT to learn more about the nature of Forwarder's freight consolidation service in more detail through the detailed article below.
2. Who is the forwarder?
Forwarder is a common term for individuals or organizations that perform freight forwarding services (Forwarding). These are individuals/organizations who will be in charge of receiving and transferring goods from the seller to the buyer (in import-export foreign trade contracts, general commercial contracts).
3. What is the role of the forwarder?
In essence, each business can perform the work of a Forwarder themselves, however, using a professional Forwarder will ensure:
- Better ability to transport goods: because many businesses are small, the volume of goods is small, it will be difficult to access and pose transportation problems with carriers (ships, airlines).
- Minimize costs: because Forwarders will group many individual orders together and share freight rates, in addition, these units will always have better freight rates than businesses that proactively book shipping. .
Besides meeting the needs of transporting goods, Forwarders can also provide additional services to support the goods circulation process of businesses such as:
- Goods clearance services: related to documents and import and export customs procedures so that goods can circulate.
- Related warehousing and logistics services.
Some Forwarder are also capable of providing complete Logistics and transportation services for the entire supply chain of businesses (mainly foreign corporations).
4. How to choose reputable forwarder
If you are an importer, exporter, or manufacturing or trading company that needs to transport goods, choosing the right forwarder company is also worth paying attention to.
First of all, the first thing is to find potential companies. Information about these companies can be found on the internet, in company directories , forwarding associations (for example in Vietnam, VIFFAS), or through personal relationships or referrals from friends. Once you have a list of forwarders to choose from, you must choose the most suitable forwarder. Some criteria for selection are as follows:
- Experience and service lines of these forwarders for your type of goods.
Experienced forwarders will be good (and free) consultants for customers new to the foreign trade field.
For example: You need to transport goods from China to Vietnam, so you have to see if the forwarders have experience with the Chinese market or not? MDCT with many years of experience in freight consolidation for the Chinese market, we are always happy to explain to you the service provision process.
This is very useful when you are new to the import-export field or do not have much experience in importing and exporting goods.
- Consulting on the total service cost for your shipment to help you cut costs and optimize profits.
This is extremely important, not only because of cost issues but also for the absolute safety of your shipment. The total cost of the service package helps you not have to worry about additional fees or risks to pay while using the service. If you lose money, you should get peace of mind and transparency in return.
- Choose a partner that provides many other forwarder services.
In addition to arranging transportation, you should choose forwarding companies that also provide many other ancillary services, helping you focus on your business production.
Here are some popular services:
- Customs clearance – Forwarders can complete customs clearance documents and pay import and export taxes on behalf of the goods owner.
- Issues related to documents – such as bill of lading (B/L), certificate of origin (C/O), importexport license, fumigation certificate...
- Inventory management, logistics and supply chain management activities.
- In addition, you should also choose forwarders that have useful information channels about international trade, and a reliable domestic and foreign agent system to flexibly support you in all situations that arise.
Above is some useful information to help you make a wise and reasonable choice for your upcoming partner. In case you need further information and any of the above services, please contact MDCT via hotline 0865 763 169 for advice on the most detailed import procedures. MDCT Logistics will support you in transporting goods from China to Vietnam, sourcing goods in China, and clearing customs procedures.
