Olivia C.’s Post

Updated, in light of developments around the brokered-freight transaction transparency issue -- a reminder of narrow ways around barriers brokers erect to obtaining transaction records, including what the shipper's paying. https://ow.ly/UU2x50QSNya

Our team recently uncovered several unannounced rate and fee changes by UPS that could have a significant financial impact on shippers. Check out the feature article by ICC's Tim Binkis in PARCEL media here >> https://lnkd.in/gNj4zVV3 #PARCELmedia #ParcelShipping #RateIncreases #UPS

Freight Payment Terms: Navigating the High-Stakes Money Game. Freight bill processing can feel like a high-stakes money game between shippers, payors, and transportation providers. For the most part, shippers dread the daunting and time-consuming task of auditing freight bills to process payments to carriers. Meanwhile, carriers – particularly parcel and Less-Than-Truckload (LTL) carriers – face their own set of challenges when issuing invoices and resolving disputes with payors. So, what is the root cause of this painful money game? The primary cause – COMPLEX FREIGHT PAYMENT TERMS IN TRANSPORTATION CONTRACTS! Yes, if you have a complicated carrier contract, this leads the pack in the many pitfalls of freight bill processing. But why does it have to be this difficult? Could there be a simpler solution? In this article, I’ll look at the top 10 pitfalls in the treacherous world of freight bill payments. Also, I will explore 8 possible technologies and methodologies that could ease the entire process. #freightpayment #audit #payment #shipping Mentions in this article: International Trade Administration, RiteRouting by Jarrett https://lnkd.in/e6Fdy8NM

#GSTUpdate Please note that: 1. The Council has recommended implementing e-invoicing for B2C transactions in a phased manner. Until now, e-invoicing was applicable on B2B transactions for a registered person having turnover of over Rs.5 crore, but in order to prevent false invoicing. Effective date of implementation to be announced soon. So get ready you self for B2C e-invoicing in coming 1-2 months if your turnover above 5 Crore 2. The following two transactions would attract tax on a reverse charge basis:      a. Sale of metal scrap by unregistered to registered persons      b. Renting of commercial property by unregistered to registered persons So all the GST Registered business owners will have to pay reverse charge (RCM) on properties taken on rent from unregistered persons sooner

Early Payment Discounts Some suppliers provide early payment discounts if a company settles an invoice sooner than the due date. Some vendors include the payment term “1/10, n/30” in their invoices. This means that buyers who pay within 10 days, instead of waiting until the due date, are entitled to a discount of 1% on the amount of money owed. Other suppliers offer more significant discounts, such as a “2/10, n/30” payment term. Buyers who remit the amount owed within 10 days may get a 2% discount on the amount owed.

The new US de minimis exemption regulations could disrupt UK to US e-commerce shipments, impacting textiles and apparel that currently avoid duties. 📦 This could lead to higher shipping costs and tighter customs scrutiny in future. Forwarders working with e-commerce clients should monitor these developments closely, as new rules may alter demand patterns and capacity needs on transatlantic routes. With peak season capacity already limited, preparing for potential shifts is key. Talk to our team to plan ahead for these regulatory shifts and maintain your competitive edge: https://lnkd.in/eXJ9shv2

We are back with EPISODE 3️⃣ & today we are talking about all things …. Swap 🐦 With over 35,000 followers on here between the 2 of us, we wanted to make sure that you all know exactly what Swap does & why it is revolutionising the e-commerce industry .... 🌎Global - helping brands with global growth without the growing pains. Simplifying all challenges around taxes & duties and we also handle all global tax filing and duty drawback via localised tax and vat filing by country on all internationals shipments 💌Returns - enabling anyone to make seamless returns, exchanges and recieve store credit. Brands are adding 10 percent at a minimum to their bottom line using Swap 💪Protect - porch piracy & missing parcels becoming a daily headache? don't worry, we even have you covered with this So what does this mean for you? = simplifying your tech stack = you can spend less time trying to make the data between 5 different platforms make sense. We give you all your answers in one place. What do you want to see in Episode 4? Let me or Tara Jackson know🫢 #TheEcommerceOS #EcommerceEvolved #Returns #Shipping #International #Crossborder #Dutiesandtaxes #Insurance

𝗗𝗜𝗙𝗙𝗘𝗥𝗘𝗡𝗖𝗘 𝗕𝗘𝗧𝗪𝗘𝗘𝗡 𝗕𝗜𝗟𝗟 𝗢𝗙 𝗘𝗫𝗖𝗛𝗔𝗡𝗚𝗘 𝗔𝗡𝗗 𝗕𝗜𝗟𝗟 𝗢𝗙 𝗟𝗔𝗗𝗜𝗡𝗚. 𝗕𝗜𝗟𝗟 𝗢𝗙 𝗘𝗫𝗖𝗛𝗔𝗡𝗚𝗘: ★Definition: A bill of exchange is a financial document used in trade, representing an order to pay a specified amount of money to a designated party on a specific date or on-demand. ★Function: It acts as a written promise between the buyer and the seller, where the seller demands payment from the buyer or a third party at a future date. ★Parties Involved: Typically involves the drawer (the seller/exporter), the drawee (the buyer/importer or their bank), and the payee (the entity receiving the payment). ★Type: It is primarily a financial instrument, used to settle payments. ★Purpose: Ensures the seller receives payment for goods sold, either immediately or at a future date. 𝗕𝗜𝗟𝗟 𝗢𝗙 𝗟𝗔𝗗𝗜𝗡𝗚 ★Definition: A bill of lading is a legal document issued by a carrier (shipping company) to the shipper (exporter), acknowledging the receipt of cargo for transportation. ★Function: It serves as a receipt of goods, a contract of carriage, and a document of title, meaning the holder of the bill has ownership of the goods. ★Parties Involved: Involves the shipper (exporter), carrier (shipping company), and consignee (the party to whom the goods are being sent). ★Type: It is a transport document, used to facilitate the shipping and delivery of goods. ★Purpose: Ensures the proper handling and delivery of goods from the exporter to the importer.

Shippers ICYMI UPS announced more changes and the GRI yesterday, impacting many shippers. Stay informed about these upcoming adjustments that will affect your shipping costs. - Starting October 26, 2024, credit card payments will incur an additional 2% surcharge. - Effective October 21, 2024, changes will be made to ZIP codes for Area Surcharges and Zones. - Effective December 23, 2024, Daily Rates for UPS Ground, Air, and International services will rise by an average of 5.9%. - Starting January 27, 2025, revised criteria will be used to calculate Large Package Surcharge and Additional Handling Charge (AHC). Stay tuned for more detailed information on how these changes may impact your shipping expenses. #UPS #ShippingUpdates #LogisticsChanges

Shippers ICYMI UPS announced more changes and the GRI yesterday, impacting many shippers. Stay informed about these upcoming adjustments that will affect your shipping costs. - Starting October 26, 2024, credit card payments will incur an additional 2% surcharge. - Effective October 21, 2024, changes will be made to ZIP codes for Area Surcharges and Zones. - Effective December 23, 2024, Daily Rates for UPS Ground, Air, and International services will rise by an average of 5.9%. - Starting January 27, 2025, revised criteria will be used to calculate Large Package Surcharge and Additional Handling Charge (AHC). Stay tuned for more detailed information on how these changes may impact your shipping expenses. #UPS #ShippingUpdates #LogisticsChanges