What are the key stages of freight forwarding?
Freight forwarding involves many key stages to confirm smooth cargo transportation. It begins with export Shipping, where goods are transported from the seller’s location to the freight forwarder’s warehouse. Next, during export customs clearance, the cargo is processed under the harmonized tariff schedule (HTS) regulations. Once cleared, Beginning handling takes place, where the cargo is inspected, packaged, and loaded for shipping. The shipment then moves to the freight transportation stage, where goods are transported through air, sea, or land logistics. Upon arrival in the located country, import customs clearance is conducted based on the HS Code classification and applicable laws. After clearance, destination handling confirms the shipment is received, sorted, and prepared for final delivery. Finally, in the import stage, the cargo is delivered to the customer location according to the agreed Incoterms, such as DAP.
What Work Freight Forwarders Do?
A freight forwarder works as a representative between shipping and transport services, confirming the smooth and efficient movement of goods. These companies manage various logistics tasks, including handling documentation, coordinating with customs officials, and managing the full transportation process. By utilizing their expertise and networks, freight forwarders simplify cargo movement across different modes of transport, confirming timely delivery and approvals with international trade regulations. Their role is necessary for simplifying difficult supply chain working, reducing delays, and improving costs for businesses involved in global trade.
Insights of IT, Aviation, Medical, and Automotive Industry in Cambodia
Cambodia’s IT sector is growing rapidly, with increasing investments in digital infrastructure. Logistics and freight forwarding services support the import of technological equipment, benefiting local businesses.
The aviation industry is experiencing growth, determined by rising passenger traffic and air forwarding demands. Cambodia’s airports, including Phnom Penh International Airport, work as important hubs for air freight.
The medical industry depends heavily on efficient cargo freight forwarders to import medical devices under a regulated logistics system, confirming agreements with global health standards.
The automotive sector is developing, with a growing demand for vehicle imports. Freight forwarding service providers play an important role in confirming smooth shipment and customs clearance of automotive products under the generalized system of preferences (GSP) system.
DID YOU KNOW?
Cambodia’s per capita gross domestic product (GDP) was projected to continue to grow by a total of 1,229.9 US dollars  (+44.82 percent) between 2024 and 2029. After the ninth consecutive year of growth, the per capita gross national income is projected to reach 3,973.86 US dollars, reaching a new peak in 2029.
