Forum: EXIM Forum
Speaker: Mr Prakash Khemka
Workshop on “How to save logistics costs on Imports as well as Exports”
“One of the most important factors for importer is to control cost overruns or escalation of costs to be successful,” said Dr Prakash Khemka, Proprietor of Bharat Shipping Agency, one of the most reputed customhouse agents and international freight forwarders while speaking at the workshop on ‘How to save logistics costs on imports as well as exports’ organised at VIA. He said Nagpur being a land locked city about 800 kilometres away from nearest port like Nava Shiva Port, Mumbai importers and exporters have to face a major challenge of controlling logistic costs.
He said that to control cost over runs, an importer may also carry out a logistic audit. One of the first things for importer was to check local charges payable to the shipping company at port of delivery (POD). Also, research has to be done on the charges payable to the shipping companies as each company may have different local charges. “Importer should check local charges from the shipping line’s website before booking the shipment. If there are repair/maintenance charges raised by the shipping line, the importer must have a physical survey done.” Most of the good shipping lines have tracking systems, but not many non vessel operating companies have such systems in place. Hence one may chose a shipping line which gives such services. Importer should negotiate a 14 days detention free time at the final place of delivery since shipping line detention charges area loss not only for the importing party but also to the nation. Importers should be well aware of the transit time of the shipment and ensure that the shipper on other end sends clean and sound containers. He also explained on how to save on export costs in detail.
Dr Khemka said that the exporter should check the charges and DOC charges. Also, check exchange rates on ocean freight charged by forwarders. Select shipping line which has on-line tracking system. Exporter should check transit time and number of transshipment ports. “Ask for sea worthy containers for exports to avoid any claims at destination point to reduce expenses.” Documents and approvals should be updated with shipping companies and agents well in time to avoid extra cost at loading ports like port detention charges, container roll overs to next vessel port demurrage charges and late BL charges. “Deal with owner driven companies,” he advised.
Earlier, Gaurav Sarda, Chairman of VIA Exim Forum made an opening remark and also introduced the guest speaker. Prashant Mohota, Vice President of VIA welcomed the Mr Khemka with floral bouquet and also gave his welcome address. Mr Gaurav Sarda also proposed a vote of thanks.
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