ฝัง
- เผยแพร่เมื่อ 26 มิ.ย. 2024
- Alan Bracken explains the basics of starting your own freight forwarding business. With over 35 years of experience in international trade and starting his own freight forwarding business, which he eventually sold, some valuable tips and guidance is included for any entrepreneurs looking to venture into this business.
0:00 Introduction
1:50 Company Setup
2:40 Basic Tools
3:46 Lloyds Loading List
6:40 Croner's Reference Book
9:20 Documentation and Procedure
13:04 Third Party Providers
15:55 Export Entry
17:00 Skills Required
UPDATE: Lloyds Loading List has closed down. An excellent alternative is: www.searates.com. Please see an update video on how to find a shipping vessel for your goods using SeaRates.com: • How To Find Shipping V...
Croners Reference Book for Exporters (Free Lite version: pages.croneri.co.uk/ON-FY21-A...)
Croner's no longer offer a book but everything has moved online, this shows my age! Link above to their free lite version, upgrade for full access.
Our Export Documentation and Procedure course will teach you the fundamentals and give you the practical knowledge needed to setup your business: www.abtslogistics.co.uk/full-...
Want to know how to find clients for your own freight forwarding business?: • How To Find Clients Fo...
Want to know what a freight forwarder does?: • What Does A Freight Fo...
For more information see the ABTS® Website: www.abtslogistics.co.uk/
For more FREE, practical knowledge on various import export subjects check out our blog: www.abtslogistics.co.uk/blog/
Online Premium Courses:
If you're really serious about starting your own import export business or getting into it as a career, check out our premium online courses:
Export Documentation and Procedure: www.abtslogistics.co.uk/full-...
Become a Successful Export Agent: www.abtslogistics.co.uk/impor...
How To Buy and Sell Using a Letter of Credit: www.abtslogistics.co.uk/lette...
Alan great stuff you pour out here. How does one get in touch with you? Got a lot to talk to you about?
Hi Mpiyabo, you can contact us here: www.abtslogistics.co.uk/contact-us/
@@ABTS how do i contact you
@@khadijaabubakar1821 Hi Khadija, please find our contact details here: www.abtslogistics.co.uk/contact-us/
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
I'm working as a freight forwarder, still new in this industry with no prior experiences. The company didn't provide training and my manager literally told me to use my own logic when I asked her some questions. So here I am, watching forwarding related videos every single day.
Hi Yoon, nothing like learning on the job and being thrown in at the deep end. There’s a few videos on our channel that will help and have a look at our blog: www.abtslogistics.co.uk/blog/.
Lots of free, very practical content to help you on your way and if the company might want to make a small investment in providing you with the practical knowledge you’ll need, our Export Documentation and Procedure course I’m sure would really help you:
www.abtslogistics.co.uk/full-syllabus/
Did you make it?
@@SinovuyoNakumba thank you for asking. In a span of 6 months since this comment, I've been learning things by myself and watching TH-cam, I'd say I'm doing okay even though the progress is slow. I've moved to another company expecting for better environment but it is worse... Let's just say the management sucks and there will be a mass resignation very soon (my co workers aren't very secretive). I'm still in probation here, but now I don't even know if I should continue working in this company or industry altogether 😀
@@yoon9521 Hi Yoon. Hang in there for the experience. I work for a ff company and if anything comes up I can recommend you. We work from home.
@@SinovuyoNakumba you're so kind, thank you! Yeah I think I'll stay until I learned more and get a better opportunity. I honestly love this job but the pressure is quite big
Thank you Mr. Alan for your kind words and advise regarding FF roles.
Sure Frey, I’m glad you enjoyed the video.
i really appriciate that your honest and the content that you are giving us is just precious and the least i can do is to get your training i hope to see you soon Alan
Hi Abdirahman, thank you so much for your kind words. Would love to welcome you on our course.
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
I just started watching your channel. I called you on the phone about 10 months ago..Thank you for your time! Can't wait to go through it all! :)
Hi Diane, I think I remember you actually. Welcome to the channel!
From Yemen 🇾🇪 thanks from the bottom of the heart.
You are so very welcome Mohammed, I hope our video helped you!
So glad that I came across , very insightful video.
Thank you Gomolemo, glad you found the information useful!
Freight forwarding is an aspect of logistics I'm not too familiar with but you have a great way of explaining concepts, no doubt helped by your immense experience. Thank you Alan
Thank you Kudaisi, I try and explain what can be confusing subjects in a way that’s easier for people to understand so I’m glad to hear it’s working with you.
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
Great Information! Thank You Sir.
Thank you for your comment Abdul
Appreciate this. Thank you 😊
My pleasure Van, I hope it helps you.
This is sheer gold ❤
So glad to hear you like the video and find it helpful! Thanks for your comment.
APPRECIATED YOUR LESSEN
I’m so glad it’s helped you!
Excellent content; happy to meet you on TH-cam. I will definitely check your website.
Hi Rony, thank you so much for your kind comment and I hope our blog and TH-cam channel gives you more practical information.
Thanks for sharing your knowledge and time, Sir
Great video!
You’re very welcome and thanks for the comment!
I just graduated and couldn't answer any of your listed questions, I want to succeed in this industry. Thanks you for sharing, I'll will accomplish this!
Hi John, I’m glad it got you thinking and hopefully has inspired you!
You are great man thank you for encourage as ti get more knowledge.
My pleasure and thank you for the great compliment, I’m glad to hear our videos are helping you.
Thank you for this. Great presentation and descriptions. You have my business. I will be in touch shortly
You’re very welcome Robert and would be very happy to welcome you on our courses. Speak soon.
If you are looking to import/ exports from /to the USA or Canada.
We can help you with all your logistics, storage, Transloading and transportation needs of all kinds of freight.
Thank you for this
You’re very welcome petronella, I hope it helped.
thank you Alan
You’re very welcome Abu, I hope it helped.
Thank you sir 💕
You’re very welcome Cat.
Thank you for your insightful wisdom on Freight Forwarding. I am very interested in your training
Hi Gideon, thank you very much for the comment and I’m glad our videos have helped you. Happy to welcome you on our premium courses when you’re ready. All the best.
hi Mr Alan is great and touch in your talk
Hi Andrew, thank you very much for the comment. I’m glad the video helped you.
Thank you
You’re very welcome Aisha, I hope our video helped you.
Very useful information thanks . I'm British and all my work between Indonesia and Europe and I really want to Start my own shipping company.
Hi Mohanad, that’s great to hear, a new venture is exciting and being in control of your own future is something we all want. Research, study and make sure you get the correct, practical knowledge.
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
New subscriber from Nairobi, Kenya. 🤝
Welcome Patrick!
Hi sir i m from india
You are gave very nice information of freight forwarding 🙏🙏🙏🙏🙏🙏🙏
Thank you Santosh, I’m so glad you found the video helpful.
Thank you very much sir! you inspired me to learn knowledge and skill of Freight Forwarding. Your presentation is so interesting. After long years' career as industrial engineer, how about to become a Freight forwarder?
Hi Solomon, have a look at the videos on our TH-cam channel and also the blog on our website: www.abtslogistics.co.uk/blog
Excellent 😊❤
Thank you very much. I’m glad you enjoyed.
As a Logistics graduate, this is very insightful. The real question is where does one start?!
Well, I would start put your business plan together first, make sure you have the knowledge you need at each stage to go forward, then keep going.
Thank you gaffer
You’re most welcome!
Thank you sir, I learned a lot in the video, thank you for sharing, now the Chinese freight forwarders in the general environment is very difficult to get more profit, the market economy plus the impression of the epidemic, really helpless
Hi Eason, all freight forwarders are experiencing the same worldwide. It's a very competitive time and must do what you have to do to stay afloat. Cut costs where you can is the best advice I can give you.
@@ABTS Sir thank you for the advice you provide, and thank you for the platform, so that more people see me
If you are looking to import/ exports from /to the USA or Canada.
We can help you with all your logistics, storage, Transloading and transportation needs of all kinds of freight.
How much is it, the online course???.... I'm impressed with such a presentation.
Hi Farai, you can see the course costs here: www.abtslogistics.co.uk/pricing/.
What country are you based in?
Thank you for the informative advices, what is the difference between freight forwarder and customs clearance ?
Hi Mohamed, a freight forwarder moves the goods from A to B. A customs clearance agents will do the necessary to clear the goods through customs once they have arrived at their destination. Hope this helps.
@@ABTS Very helpful, thank you
Mr. Alan thanks for information and thank you for passing down your wisdom. I have been doing some research and I'm curious, what are the differences if any, between a freight forwarder and a freight broker?
Hi TM, there is no difference actually. It's just down to terminology. In Europe it is known as a Freight Forwarder and in the US it's known as a Freight Broker but they are the same thing performing the same function.
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
A freight broker, also known as a transportation broker or logistics broker, is a middleman or intermediary that connects shippers (individuals or businesses needing to transport goods) with carriers (trucking companies, airlines, shipping lines, or rail operators) to facilitate the transportation of goods. Unlike freight forwarders who take responsibility for the physical movement of the goods, freight brokers focus on arranging the transportation logistics.
Hi, thank you for the information. I really grasped the reality of the trade and its a lot😅 I have just graduated from law school majoring in maritime and whilst doing an internship at legal tech company I learned a lot more about freight forwarding. i want to dive in but I'm afraid that since I only know the law and nothing about supply chain or logistics I may be inexperienced, please advise🙏
Hi Dawn, we’ll done on your graduation and internship, this is really great! Experience is gained with time and the knowledge you accumulate, don’t worry. You may want to consider out online course that will teach you the practical knowledge you need as far as export documentation and procedure. I don’t want to give you the hard sell but feel free to take a look at the syllabus here: www.abtslogistics.co.uk/full-syllabus/.
If you’ve any questions or would like a chat, please contact us: www.abtslogistics.co.uk/contact-us/
If you are looking to import/ exports from /to the USA or Canada.
We can help you with all your logistics, storage, Transloading and transportation needs of all kinds of freight.
Thanks for the information shared with us. I'm hoping to have a personal chat with you, Mr. Bracken. I am interested in starting to have freight forwarding as a self-employed or home-based business. I have basic background knowledge of freight forwarding and hoping that you can be a mentor for me on how to start this business alone.
Hi Elena, great to hear from you. We received your email and just replied so let’s continue our chat there. Speak soon.
If you are looking to import/ exports from /to the USA or Canada.
We can help you with all your logistics, storage, Transloading and transportation needs of all kinds of freight.
Is this courses recommended for a beginner with bio knowledge in import and export ?
Hi Joseph, yes indeed. Our courses are designed for beginners, teaching the practical knowledge needed to import and export around the world. Please let me know of any other questions.
Dear ABTS Training
I am so glad to be connected with you, I would like to import from China to Bangladesh, but I am totally new in this and sometimes calculate all costing of import cost but bigest problem is supplier give us FOB price a long with when I want to know about container cargo fright fare. Their freight charge is not buyer friendly, too much that is great hinders in costing of import cost. Could you give a solution how can I get reasonable and good rate of cargo container.
Thanks
Sahin Sarker
Hello! Thanks for your comment. It’s very difficult for me to answer that with one or two sentences. The best advice I can give you is to get some training as you’re completely new to import export. As with anything, if you don’t understand what you’re doing you’re vulnerable to mistakes and loosing money.
Hi Alan, how important is technology in freight forwarding? I'm just wondering as someone with your experience I assume would have had lots of time spent with various IT programmes.
Hi Toby, freight forwarding now is IT driven as you can imagine. Booking cargo, trace-track shipments and plugging in to the supply chain as well of course making customs entries for imports exports. The day of the phone and fax are long gone! Perhaps I’ll do a short video showing how it all comes together online.
@@ABTS Please do!!!
Hi sir it was very helpful listening your video
Really appreciated how you explained
I want to start the course from you
Can you please assist how I can register for the course
Hi Harbhajan, please go to www.abtslogistics.co.uk/.
Click the “Enroll Now” button and if the course is open for enrolment you will be able to sign up. If not, add your email to the waiting list. Thank you and look forward to welcoming you to the course.
Hii Mr.Allan thank you so much for the video it has been helpful. I wanna start a freight forwarding company but I don't have any idea how to run it.....I do have a question inwhich, is it better while running the company to be a proactive or reactive meaning that travel to the destination port inorder to ensure the goods are safe or making contact without being their physically since the company is new and am trying to deal with the cost what advice can you offer?
Hi Vee Me, visiting the country is not cost effective and is not recommend unless it is for large project shipments. You can always nominate a clearing agent in the port to check the goods/cargo are as per the specifications set by you. Hope this helps.
Hie. awesome knowledge here. How can i get Croner's reference book and LLoyd's Loading list
Hi MC, please find Lloyds Loading List here: www.lloydsloadinglist.com
Hi MC, I have been looking for Croner's reference book and made contact with Croner's. This shows my age but they no longer have a book but everything is online. I have a link that you can sign up for their free "lite" version here: pages.croneri.co.uk/ON-FY21-ABTS-Partnership-1755_ABTS-Onboarding-LP.html
Cam you make a video on how to get customers
Hi M Qaam, please have a look at this video the we created on “How to Find Buyers and Close the Deal”:
th-cam.com/video/s2s_FuJ0Zt8/w-d-xo.html
Fantastic video Alan very well explained and motivating. However I will candidly confess price hurts me a bit at the moment but I am certainly not asking for a discount unless you plan something more affordable. However I have you subscribed and will stay in touch. I am with customs brokerage in Canada as Certified Customs Specialist but don’t like to be a monkey sitting behind the key board doing tick tick tick filing entries whole day. I look for something more practical or at least where your knowledge is applied. John
Hi John, thanks for your comment. I absolutely understand that being a monkey as you say isn’t always the most fulfilling work. There’s more opportunities within logistics and you can always steer towards something more interesting and motivating for you. Course prices I understand are not perhaps the cheapest but do include one to one support and the practical knowledge gained I believe (and others from our Trustpilot reviews: www.trustpilot.com/review/www.abtslogistics.co.uk) are well worth the cost.
Yes I need your course how
Hi Taimoor, you can find all course details on our website including syllabus and prices: www.abtslogistics.co.uk/.
Hi Alan I worked in freight forwarding over the past 10 years. Mainly ocean import to the USA. Any books you recommend to expand my knowledge ?
Hi Jossmer, I don’t really, there were books I read many many years ago but these days with so much information online, I think this is probably better.
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
How much money is needed to start a FF business of my own... also, how do I cover liability if I make a huge mistake costing a customer several thousands of dollars in loss of business? Does a liability insurance cover potential mistakes I could make as admin/office mistakes?
Hi WCephei77HD, thanks for the question. As far as how much money do you need to start a FF business it's impossible to give you a fixed answer. There's many costs to consider which are too broad to go into detail here but my overall advice to you is to keep your costs as minimal as you possibly can as you launch. Upfront payments for air and sea freight will be required so you will need to understand your cashflow to handle this. Once you are established, carriers may establish a line of credit for you but this would be later on.
Regarding liability, you can insure yourself against this and I advise you to contact an insurance broker in your local country for help, advise and costs. Insurance isn't something I can advise on. Hope this helps.
@@ABTS thank you so much, it helps a lot for me to think about it further.
Hi Alan, can you please explain how you would buy different products from different suppliers and book them all in the one transaction, container etc?
Hi Wissam, the solution for shipping as one consignment different products from different suppliers if they come from the same country is as follows:
a) Nominate a freight forwarder in that country
b) Purchase your different products on Incoterms FCA your Freight forwarders warehouse
c) Instruct your freight forwarder to ship your goods on a LCL (Less than a Container Load ) basis.
Hope this helps
@@ABTS Thankyou Alan for your help!
Glad to be of help.
You could find a freight forwarder they will contact all your suppliers and consolidate them all in one full container
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
COO is not needed in saudi if invoice is mentioned country of origin
Thanks for the info. Duly noted. All the best.
Sir i want to discuss about how to start freight forwarding business
I hope our video helped you.
Thanks for the video.
Do you need a license for freight forwarding or anyone can do that?
If so how do you get that?
Hi Erkid, thanks for your question. In the US, you must have a license but the UK/EU no license is needed, you can setup and trade. I strongly suggest that you have the correct practical knowledge of course.
For a good step by step guide to get a US license, please see: www.suretybonds.org/blog/how-to-become-a-freight-forwarder.
Hope this helps.
@@ABTS wow great news...I want to export cars from the U.S to Europe so I guess I don't need a license since my business is located in Eu, right?
How can I contact you in private for some tips regarding the procedure that'd be very much appreciated 👍 thanks again
i am 55 years old with no money no exoerienc any chance for me?great video!
Hi Rohan, age is not a concern in freight forwarding, it boils down to knowledge and contacts. Money - to start with you’ll need to generate a positive cash flow, ie. Getting paid by your shippers before you pay the shipping line/air line. However if your client is buying where the supplier pays for the shipping, all you do is invoice for your services. Hope that’s make sense.
Can we change a Freight Forwarder while sailing or once shipment arrived at destination port ?
Hi John, if I’ve understood your questions properly, you’re asking can you change your freight forwarder once you’ve appointed them and the shipment is in process and on its way? That being the case, the answer is no, there is no mechanism to change your freight forwarder once the goods are on board a vessel. Hope that helps.
@@ABTS but the goods haven't arrived the destination freight forwarder warehouse and if seller/ buyer has the ability to update the bill of lading information?
We can remove existing freight forwarder and bring on a new one, isn't it?
Hi John, I’m not really understanding the scenario. Feel free to contact us with more detail and I’ll try and help: www.abtslogistics.co.uk/contact-us/
您好，先生，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
How can improve presentation and negotiating skills?
Hello, please see our blog post here: www.abtslogistics.co.uk/negotiation-styles/
Alan Hi there from the Solomon Islands, we are a logistics company, and thinking of moving up to become a freight forwarding company, how can we join your class/training
Hi Tabunaka, thanks for the message and we would be happy to welcome you onboard our courses. Please contact us and we can help: www.abtslogistics.co.uk/contact-us/
hello! i'm working for a processing company i'm based in miami florida and trying to find forwarders because i need more containers to fill out some more shifts, would you be able to help me with that?
Hi Vicky, I can’t help directly but can only advise to do a search for freight forwarders on Google or perhaps ask if any local clearing agents can make any recommendations. Not sure I’ve understood your question correctly but let me know.
@@ABTS hello again sir! Thanks for getting back to me so quickly. I’ve been doing this through google and it’s been a month I’ve only gotten 8 containers so far I we as wondering if you know people that You’ve trained in the USA that might be able to help. Thanks so much in advance.
您好，我是来自中国的货运代理，我们提供铁路海运和空运渠道到贵国，也提供送货上门服务，我们是WCA会员
Can you buy space on a shipping ship and loan these spaces out to companies wanted to ship their containers?
Hi, thanks for your question. There's two ways that you could do this. You could charter a vessel for a specific journey and fill this with your clients cargo. The second is to become an NVOCC or a "Non-Vessel Operating Common Carrier". A little too much for me to go into on that here but I'll look to make a video on that soon.
@@ABTS thanks you so much
Hi Alan, this was a wonderful video. Unfortunately, I cannot afford your courses at this time but can you please recommend some books I can read in the meantime? I have no knowledge or experience. Thanks a bunch!
Hi Fart Bubble, thanks for the comment. It's hard for me to recommend a specific book as I've not come across one that details how to start a freight forwarding business but of course there's many books on different aspects of international trade, depending on your interest. Check out our other videos which are all free on our TH-cam Channel as well as our blog: www.abtslogistics.co.uk/blog. Lot's of free information there too.
can you be a freight forwarder from anywhere in the world?
Hi Jacqueline, yes you can. Where are you based? We received your email.
Where to get loads ?
Hi Maxtools, sorry for the delay. The way to get loads quite simply is by advertising your services online and the usual marketing avenues. There is no shortcut for this I'm afraid.
I fell asleep
ASMR approved
Hi roverandmorecarpets, had to look up what ASMR means but thanks for the comment. Maybe I should get into some sort of sleep hypnotherapy videos :)
@@ABTS I’d listen 🤷🏼
Hi Allan how can i start this kind of business
Hello, have a look at our guide here: www.abtslogistics.co.uk/start-your-own-freight-forwarding-business/. Hopefully this will give you enough food for thought on how to get started.
Hi I found this knowledge break through I am interested
I will like help
No problem, please have a look at our website: www.abtslogistics.co.uk
interesting
Hope our videos help you Terry
@@ABTS yes it opened another new angle, thank you
how can I get in contact with you?
Hi CBTcinematics, please find our contact details here: www.abtslogistics.co.uk/contact-us/
I want to register for a freight forwarde4
Hi Shirley, do you want to setup your own freight forwarding company?
watching from pakistan
Hello! Glad to welcome you.
How do we contact you
Please find our contact details here: www.abtslogistics.co.uk/contact-us/
Hello I'm a student of the Catholic university institute of Buea in Cameroon studying logistics and transport management wish to know more about the freight Forwarding Business how can I get in touch you sir
Hi ambefelix, please find out contact details on our website here: www.abtslogistics.co.uk/contact-us/
Can we become FF IN CHINA without being physically there
Hi Taimoor, it would be very difficult indeed to start a freight forwarding company without having a physical presence there. I would not recommend this.
Sorry is it possible this business to be operated in big cities
Hello! Yes most freight forwarding businesses are not at the port with the exception of the very big forwarders. You can always get a freight forwarder at the port if you need representation there.
Lloyds Loading List is gone...
Yes indeed, very unfortunate but I have found something similar: handyshippingguide.com/
Nice video for a startup company
Thank guy, I’m glad you liked the video.
You are generating value let every one know the basics but your prices are out of the blue you would. Be much better off charging an average price because most of people that comes tô you tube they already looking for a Giood price so mathematically if you make cheaper you will sell more but with this prices iam sorry not realistic as you tube provide all information !
Thanks Alessandro for your feedback. A couple of points. I’m based in London, UK and the price of our courses is very, very competitive with other courses in the UK. In fact I would say it’s excellent value as many other training providers charge “per subject”, opposed to our “all in one” courses. Secondly, we offer one-to-one support so I wouldn’t be able to take a high volume of students. I’m 80 years old now and retired, so I’m sure you can imagine I wouldn’t be able to handle the stress of dealing with 50 students at a time, working 50 hour weeks. I limit students to around 10 at any one time. This allows me to spend the time needed with them and keep everything relaxed. Last point, there’s a lot of information on the internet, absolutely true but in my experience, many teachers and lecturers lack the practical, commercial experience. Many have learned the theory in university or other places but never got their hands dirty with the day-to-day of running a logistical business. After 40 years of doing just that, I believe I have the experience to teach my students the practicalities of what they’ll face and how to avoid the mistakes I made. In the end, it saves them time, money and stress! Thank you Alassandro.
🤴🏽🕉🔺➕
😀
Thank you very much for this video!
One of my relatives working on "oocl" company and he have very good positions in there, how can i leverage his connection to start this business. I hope will get some good advice from you! Thanks!
Hi Atikur, relatives may be able help you in that they might be able to get you very competitive sea freight rates on OOCL shipping line and possibly names of importers/exporters that you could contact to generate some business.
@@ABTS Thank you very much for your reply! I am glad to get a reply from legend of this industry!
Actually the reletive is my cousin, I have seen my cousin success in this industry and some people are dying to connect with him and that's I was curious about it. I am planning to study on it to start a Freight Forwarding business.