The Hidden Costs of International Shipping (And How to Avoid Them)
When businesses think about shipping internationally, the first costs that come to mind are usually freight charges. But what many overlook are the less obvious expenses that can quickly erode margins if left unaddressed.
In this blog, we’ll explore:
- Demurrage and Detention Fees: Learn how delays in picking up cargo can result in costly penalties and how proper planning or choosing the right port can help avoid them.
- Incorrect Documentation: Mistakes in customs paperwork can cause long delays and penalties. We’ll show you how working with a knowledgeable logistics partner like Febex can mitigate these risks.
- Customs Duties and Taxes: We’ll dive into how tariff classifications and Incoterms affect duties—plus, strategies to reduce them through duty drawback programs or trade agreements.
- Currency Fluctuation Risks: We’ll introduce the concept of hedging and payment terms that help mitigate forex losses.
- Handling Fees and Port Surcharges: Transparency matters. We help you forecast these costs accurately with detailed quotations and route planning.Ready to seize your global opportunity? Let’s talk about how we can help. Give us a call at 9930266118