Our Services
Auditing and Rate Negotiating
Rising freight shipping costs are a challenge for most companies. Our objective is to significantly reduce shipping costs on behalf of our clients. We provide a robust freight auditing service. Additionally we perform a complimentary analysis of your freight contracts to identify additional freight cost reduction opportunities that can be achieved through modification of your shipping contracts. Service fees are performance-based, meaning our compensation is a contingent share of actual savings produced by our negotiation and freight audit services. Employing the expertise of MFC as an unbiased third party, will dramatically reduce freight costs and increase operational efficiencies.
There are numerous billing mistakes, service delivery failures, and erroneous accessorial charges that occur on each shipping invoice. MFC guarantees to reduce freight costs with our transportation audit solutions, which include ocean and air freight auditing. MFC provides the most useful logistics audit reporting solutions in the marketplace.
It is common knowledge freight agents sell airline and shipping line’s that maximize their profits. The most effective way to reduce shipping costs and maximize your company's profit is to modify your freight contracts. . A small change in an accessorial charge, freight rate, deferred incentive, minimum net charges, or carrier rates can substantially reduce shipping costs. Our contract pricing experts use industry knowledge to benchmark existing contracts versus what is available in the marketplace. MFC contract negotiation team will help your company modify current freight contracts and will guarantee to significantly reduce your freight costs.
Customs Consultancy
Customs Legislation and Procedures is a complex area that can have a significant impact on business practices and operating costs. It is an area that is often left to third parties, such as Freight Forwarders and Shipping Agents, who may not have the necessary commercial information or knowledge of Customs processes to maximise duty savings within your organization.
- Analysing your corporate business processes and delivering solutions that ensure measurable and quantifiable reductions to your duty and VAT liability
- Advising on Import Licences, classification, valuation, duty reliefs, preferences, end-use etc
- Conducting audits to ensure continued Customs compliance and best practice
- Preparing fully documented audit procedures to save time and effort during official Customs audits
- Negotiating and liaising with Customs on clients behalf to ensure agreements of concessions to support business practices.
- Customs tariff classifications applications.
Project Cargo
When you need to import or export shipments for a project, having a project cargo specialist on your side is essential. Our experts apply industry-leading expertise and a strong reputation of excellence to your business. Whether you need to procure and deliver global cargoes for a major project, transport oversized equipment to an overseas client, or import key components for your business, look no further. We create a custom solution that fits your business and accomplishes your international goals and obligations.
- Facilitate all aspects of the project to ensure your cargo is moved correctly, safely, on time, and on budget
- Coordinate over dimensional, break bulk shipments via air, land, and sea, including regularly scheduled service and/or chartering
- Consult on cargo design to minimize freight costs and provide maximum protection for safe handling in transit.
Trade / Import financing
- Make timely payment to suppliers.
Making payment to your suppliers before receiving payment from your buyers, enhancing buyer-supplier relationships. - Negotiate better terms with your suppliers.
With additional financial flexibility to make timely payment, you are positioned to negotiate better prices with your suppliers in lieu of credit terms. - Improve cash flow.
Periods of extended credit provide time to sell goods before repayment and unlock funds to be used elsewhere in your business. - Greater Flexibility.
You need greater flexibility to source in new markets from new suppliers that may not be willing to extend payment terms, trade financing is your solution it gives you the financial flexibility you were looking for and a much stronger negotiating and buying power with current and new suppliers.
Marine Insurance
In international sales transactions, with goods generally having to be transported over long distances the risk or loss of, or damage to, goods is relatively high. If the loss or damage does occur, profitability will be lost unless the goods are covered by insurance. Marine cargo insurance is aimed at removing as far as possible the financial burden of the risks of loss or damage associated with the transportation of goods between exporters and importers, and placing it with specialist insurance underwriters. These underwriters are skilled in assessing risks, and they manage reserve funds (made up of premiums paid by others) out of which those who suffer losses can be compensated.
Insurance enables the liability for loss or damage to be shared out equitably amongst the many instead of having to be borne by, say, a single cargo owner or shipowner. By paying an insurance premium, to an insurer (e.g. an insurance company or a Lloyd's underwriter), the assured (e.g. the exporter or importer) earns the right to claim compensation from the insurer for a loss arising from any of the risks covered by the insurance policy.
Marine insurance used to refer to only the limited insurance of ships and their cargoes. Today, however, the term really means 'transportation insurance' and covers all modes of transport from source to destination, i.e. road haulage, airfreight, rail, and/or sea, or even by post. Marine insurance may, in fact, apply to the movement of cargo which involves no ocean transport at all.
The insurable interest or obligation to take out insurance is usually determined by a term of delivery, such as Inco-terms.