Tramp shipping in International Trade

 

 

Tramp Shipping under Exports and Imports

Tramp shipping in International TradeThe shipment of goods through tramps is known as tramp shipping. A tramp carrier has the following characteristics:

i) Homogenous transportations: These ships are used for transportation of huge quantity of homogeneous cargo, which is carried in bulk quantity. Examples of such cargo are gain, coal, sugar, timber, wheat, ore phosphate etc.,

ii) No fixed Route and Tariff: it does not have fixed route and predetermined schedule of departure. Tramps ply on the rule of demand and supply in the market. They are not committed to any discipline in respect of service schedule and freight rates. Their freight nays and thrill are purely market, driven. They run where there is driven. They run where there is demand. They can be compared to private buses in a marriage season whore there are no fixed rates and totally depend on flu season's demand.

Generally, each tramp carries cargo of few ship users. They carry on specific voyage or consecutive voyage. in other words, for the same route they move continuously, one voyage after another. So loading and discharging are confined to a few ports.

Less Expensive and Less Operating Costs: As they carry homogeneous cargo, their equipment is simple. Bulk cargoes are normally loaded and discharged by mechanical equipment, elevators and pumps that are less expensive. As they carry comparatively low unit value commodities, a tramp is operated at the lowest possible operating cost.

(iv Terms and Conditions Negotiable: As their services, terms and conditions, freight charges are not fixed, they are not given and totally negotiable.

 

How to export goods from India?

Export benefit schemes in India

Export procedures and documentation

How to get Export Order?

Know HTS code (HS code) of your product

How to import goods to India?

Find ITC code of your product

Indian Budget 2016-17, Duty changes in Excise, Customs and ST

 

Export benefit schemes from Export Promotion Councils

Valuation of GST under special cases 

Valuation of GST Taxable supply 

When to pay GST for supply of services? 

When to pay GST? 

GST on short supplied goods and services by nature 

Goods and services exempted to pay GST 

Who has to pay GST?

GST Composition Levy

All about registration of GST in India, FAQ

Cancellation of GST Registration in India, FAQ

Can a person without GST registration claim ITC?

Why separate Registration of GST in each state in India, for each business.

Latest date to file GST registration in India

Procedures to obtain GST registration for non-resident taxable person

Is digital signature option available under registration of GST in India?

Advantages of GST registration in India

Who has to obtain GST registration in India?       

What is VACIS exam in US import customs clearance

When can an exporter release bill of lading from shipping company?

When does exporter get EP copy of shipping bill after customs clearance

Procedure for Central Excise Clearance Under Claim of Rebate

Customs procedures for Costa Rica Export

Registration required to export from Costa Rica

Import Customs processes in Costa Rica

Import Registration and import Licence procedures in Costa Rica

How to export from Bolivia?

How to Import to Bolivia?

How to import to India from Bolivia?

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?




Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers