Documentary Horrors in Logistics

RH Shipping

Imports and exports   October 11 2024

In the world of international logistics, documentation errors are more common than you might think, and the consequences can be terrifying: delays, fines or, in the worst case scenario, loss of goods. This Halloween, we want your nightmares to be a thing of the past, so be sure to read this article containing the main documentary errors, so that you always keep them in mind and don't die of fright.

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Incorrect commercial invoice

One of the most recurrent faults in international trade is the incorrect commercial invoice. This crucial document must accurately detail the goods being transported. A mistake, no matter how small, can result in additional tariffs or detentions of goods. In fact, 42% of logistical problems in imports and exports are related to this document, according to the International Chamber of Commerce (ICC).

Certificates of origin

The certificate of origin is essential to obtain tariff reductions under trade agreements. A mistake on this document can result in penalties ranging from USD 5,000 to a ban on doing business in certain countries. The WTO (World Trade Organisation) has reported a 15% increase in penalties for incorrect certificates in the last three years.

Lack of transport documentation

The Bill of Lading (B/L) is another document that often generates horror in operations. Not having a correct B/L or its total absence can lead to the loss of goods in transit. According to a report by the World Shipping Council, $4 billion worth of goods are lost every year due to transport documentation problems. The World Shipping Council has reported a 15% increase in penalties for incorrect certificates in the last three years.

The wrong partner

A reliable logistics provider can be the amulet that leads any project to success. Logistics is full of situations that can turn into real horror stories. A partner like R.H. Shipping can be flexible enough to get you through the incidents that come without warning. No crisis is welcome, but the ‘multimodal’ diversification of our services supports us in any scenario. 

 

This Halloween, don't let documentation errors scare you.

At R.H. Shipping, we turn terror into history.

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