October 31, 2020

GIFF urges shippers to understand incoterms to avert losses

The Ghana Institute of Freight Forwarders is asking persons who plan on shipping goods into the country to do their due diligence in order to avert unexpected losses.

According to the association, some people who bring goods into the country are oblivious of some of the technicalities involved in the process and end up incurring unplanned debts.

yX Media - Monetize your website traffic with us

Speaking at a workshop organised in the Accra, President of the Ghana Institute of Freight Forwarders, Edward Tetteh-Owusu Akrong, said a good understanding of the internationally recognised rules which define the responsibilities of sellers and buyers will help address such concerns.

He indicated that, “a lot of the traders ignore incoterms. They just go and buy stuff and then say let’s ship, ship the stuff to me, not going through the proper incoterms.  Not understanding them has all its risks involved because it gets here and when there are issues, then you begin to realise that you didn’t understand the incoterms that are being put on there, that you have agreed on in the contract. So it’s very important to understand this.”

The Ghana Institute of Freight Forwarders thrives to provide the highest standard of consultancy and services to its members and their customers, for the benefit and enhancement of Ghana’s trade activities, by providing the most reliable resource pool for freight forwarding services in the country and for its members to be recognised as a model of excellence.

The Institute has a vision to facilitate Ghana’s international trade by providing a body of professional freight forwarding agencies, committed to meeting every client’s needs.


Source: Business