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Speaking at International Union of Marine Insurance (IUMI) annual conference, Sean Dalton, chair of IUMI’s Cargo Committee reported the majority of marine cargo markets geographically can best be described as “hard” or “improving” amid significant change.
The rise of Ocean freight has been a massive boost for exporters and importers globally.
This growth has been fueled by ocean freight shipping – almost 90 percent of global trade is driven via sea and ocean transport today.
Ocean freight today provides a safe and cost-effective way to transport all kinds of goods.
It is a mode of transporting goods through the sea.
It is amongst the most common transportation mode that shippers use worldwide.How does international sea freight work?There are several processes that Sea freight company follows, such as:Step 1 – There is an agreement between a Sea freight company and its client, presumably from different countries.
They decide to conduct a transaction under an agreed Incoterm, deciding how the ownership and risk transfer will occur.