[Survey Results] How Do You Report Cargo VGM?

[SURVEY RESULTS] HOW DO YOU REPORT CARGO VGM?

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At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.

With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution to these challenges.

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ON JULY 1, THE SAFETY OF LIFE AT SEA (SOLAS) AMENDMENT REQUIRING PACKED CONTAINERS TO BE PROPERLY WEIGHED AND VERIFIED BEFORE BEING LOADED ON BOARD A VESSEL WENT INTO EFFECT GLOBALLY.

SHIPPERS, PORTS, CONTAINER LINES AND OTHERS ALL NOTED FEW DISRUPTIONS,

BUT RUMBLINGS OF ADDITIONAL CHARGES FROM SOME TERMINALS, LINERS AND FORWARDERS RAISED

CONCERN FROM SHIPPERS.

IN OUR LATEST WEEKLY SURVEY, WE POLLED OUR

SOCIAL MEDIA FOLLOWERS TO ASK HOW THEY REPORT CARGO VGM (VERIFIED GROSS MASS).

REPORTING VIA FORWARDERS

LEADS THE WAY

THREE MONTHS INTO THE REQUIRED MANDATE, WE POLLED SOCIAL MEDIA

FOLLOWERS TO ASK HOW THEY REPORT CARGO VGM (VERIFIED GROSS MASS).

THE RESULTS WERE NOT ALL TOGETHER SURPRISING WITH 44% INDICATING

THEY REPORT CARGO VGM VIA THEIR FREIGHT FORWARDER, 33% BY WAY OF

INTTRA AND 22% DIRECT WITH A CARRIER.

LEADING TOOL TO REPORT VGM IS

INTTRA

ACCORDING TO ITS WEBSITE, INTTRA IS AN ELECTRONIC TRANSACTION PLATFORM AND INFORMATION PROVIDER FOR THE OCEAN SHIPPING INDUSTRY.

CUSTOMERS CAN BOOK AND TRACK CONTAINERS AND SUBMIT SHIPPING INSTRUCTIONS WITHIN THE INDUSTRY’S LARGEST E-COMMERCE NETWORK, GAINING ACCESS TO 54 CARRIERS AND NVOCCS. INDEED, AMONG INTTRA’S CUSTOMERS USING ITS VGM TOOL INCLUDE CONTAINER LINES SUCH AS HMM, COSCO CONTAINER LINES, NYK LINE, ZIM, HAPAG-LLOYD AND MSC.

FREIGHT FORWARDERS INCLUDING DB SCHENKER AND KUEHNE + NAGEL ARE ALSO USING INTTRA’S VGM TOOL TO SUBMIT THE REQUIRED DATA.

INTTRA IS NOT THE ONLY TOOL

THREE MONTHS INTO THE REQUIRED MANDATE, WE POLLED SOCIAL MEDIA

FOLLOWERS TO ASK HOW THEY REPORT CARGO VGM (VERIFIED GROSS MASS).

THE RESULTS WERE NOT ALL TOGETHER SURPRISING WITH 44% INDICATING

THEY REPORT CARGO VGM VIA THEIR FREIGHT FORWARDER, 33% BY WAY OF

INTTRA AND 22% DIRECT WITH A CARRIER.

BUT INTTRA IS CERTAINLY NOT THE ONLY TOOL; CARGOSMART AND GT NEXUS ALSO OFFER TOOLS TO SUBMIT VGM DATA. NIPPON EXPRESS, GLOBALTRANSOL AND ACX GLOBAL OPTED TO USE CARGOSMART WHILE LARGE COMPANIES SUCH AS NESTLE UTILIZE GT NEXUS.

GRACE PERIOD PROVED HELPFUL

EVEN THOUGH JULY 1 WAS THE FIRST DAY OF THE MANDATE, THE INTERNATIONAL MARITIME ORGANIZATION (IMO) REQUESTED AUTHORITIES TO ADOPT A ‘PRACTICAL AND PRAGMATIC’ APPROACH TO SOLAS VGM BY WAY OF A THREE- MONTH GRACE PERIOD.

THREE-MONTH GRACE PERIOD HAS PROVIDED SOME FLEXIBILITY, HELPING ALL THE STAKEHOLDERS IN CONTAINERIZED TRANSPORT TO REFINE PROCEDURES FOR DOCUMENTING, COMMUNICATING AND SHARING ELECTRONIC VERIFIED GROSS MASS DATA.

THE GRACE PERIOD ALLOWED FOR COLLABORATION BETWEEN ALL INVOLVED AND APPEARS TO HAVE MADE A SIGNIFICANT IMPACT ON A MANDATE THAT MANY SHIPPERS, PORTS, CONTAINER LINES AND OTHERS PREVIOUSLY EXPRESSED CONCERNED OVER LACK OF GUIDANCE FROM ENTITIES REQUIRING THIS RULE.

LEARN HOW XENETA CAN HELPYOU GET INSIGHT AND

INTELLIGENCE INTO YOUR GLOBAL OCEAN FREIGHT PRICES AND CHANGE YOUR LOGISTICS

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