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Do you know the characteristics of Hong Kong freight forwarders
- Categories:Hong Kong freight forwarder
- Author:
- Origin:
- Time of issue:2022-07-12 07:40
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Do you know the characteristics of Hong Kong freight forwarders
- Categories:Hong Kong freight forwarder
- Author:
- Origin:
- Time of issue:2022-07-12 07:40
- Views:
Information
Hong Kong freight forwarding business projects are complicated and time-sensitive. Hong Kong's freight forwarding business covers almost all aspects of the import and export process, including freight forwarder chartering, customs declaration, inspection declaration, port consolidation, container consolidation, warehousing, inland transportation, cargo insurance, etc.
The "asset-light" characteristics of Hong Kong freight forwarders are obvious. The industry access of Hong Kong freight forwarders is relatively loose, the registered capital is generally low, the competition is fierce, and the source of daily cash flow is relatively simple, mainly service fee income. Therefore, once there is a large amount of cargo damage disputes, the solvency of international freight forwarders is often insufficient.
In the Hong Kong freight forwarding business chain, there are layers of sub-entrustment problems, and the legal relationship is more complicated. Intuitively, the cargo owner entrusts the import and export freight forwarding business to freight forwarder A, freight forwarder A in turn entrusts a part of it to freight forwarder B, and freight forwarder B may sub-entrust it to freight forwarder C, and so on to form layers of sub-entrustment.
The specialization and timeliness of the freight forwarding business in Hong Kong determines that it is often difficult for a single international freight forwarding company to cover all aspects such as customs declaration, inspection declaration, transportation, and warehousing. Therefore, sub-consignment is often inevitable, which also brings the parties involved. The increase of freight forwarding business chain and the superposition of agency relationships involved in the import and export of goods.
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