What is Closing Time?
In the field of import and export, time is a very important factor because it determines whether the goods arrive on time or not. And a term that many people mention is closing time. So, what is closing time? What should you keep in mind to avoid being late? Let’s find out more with World Courier!
In import and export, closing time is also known as nail cutting time. This is the final time that the exporter needs to complete customs clearance of goods and liquidate the container to load and unload goods onto the ship. If the closing time is exceeded, the ships will not accept the goods and will be considered abandoned.
For full-container goods, on routes in the Asian region, the cut-off time can be 1-2 days before the train departs. However, for longer trips, the nail cutting time may be longer depending on the regulations of each shipping company.
As for retail cargo, the chute cutting time will usually be longer before the train departure date. Because retail goods often take a lot of time to consolidate companies’ goods into the same container and then go through customs procedures to export these goods.
However, depending on your relationship with the shipping lines, you can also ask for more time to cut the trough. If you encounter problems and cannot deliver goods for liquidation in time, you can ask for a few more hours. to assist when needed most.
Shipping is an indispensable part of international trade. And the success of a transaction does not depend on how the person manages the shipping process. Below are some subjects related to closing time so that goods can be transported more smoothly.
It must be emphasized that the role of the Forwarder (individual/business) is especially important because they have a better voice with shipping lines.
Normally, shipping lines will have regulations on specific chute cutting times including:
Based on the chute cutting time, the shipper will calculate the most appropriate time to bring the container to the port. Avoid situations where goods arrive too early or deliver goods close to cut-off time to avoid incurring additional storage costs or goods not arriving on the ship in time, having to wait for the next trip and missing appointments with customers.
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