An open book logistics is a management modality for operations whose nature allows the movement of significant quantities of containers per year; In general, an open book contract can considerably benefit a company's strategies when importing or exporting all types of merchandise.
Currently, work arrangements may vary due to the needs of each company; For this reason, it is important to analyze the possibilities of optimizing costs, travel times, as well as other important factors.
Some advantages of an open book contract are:
1. Cost and time savings thanks to open book logistics:
If your logistics operations exceed 1000 TEUS per year, it is possible to appear as a candidate for an open book contract; Thanks to the negotiations carried out on your behalf, it is possible to obtain better rates for your logistics; These negotiations are made directly with the shipping companies, reducing handling costs as well as freight collection according to the disbursement.
2. Total control over each load and cost of shipping companies
To maintain greater clarity, by having an open book contract, it is possible to monitor and control each charge made for the transfer of your merchandise; Importers or exporters can know in detail the costs that shipping companies generate even before the maneuver is carried out. This with the intention of agreeing on a profit range for the forwarders. As well as having complete certainty that logistics costs are clear and known before any movement. It is also possible to make negotiations on your own during certain stages of the transfer regardless of whether it is the origin or destination.
3. Unique Charitable Cargo Owner (BCO) Status
Another clear advantage when considering an open book contract is focused on the status granted to the importer or exporter; BCO (Benefical Cargo Owner) which by its translation is considered as Beneficial Cargo Owner; such status allows you to benefit from more centralized logistics and supply chain management; resulting in a higher degree of effectiveness in different aspects.
On the other hand, by having an open book contract, you have access to management platforms. This ensures transparency and simplification of communication between the parties involved; making it possible to view the status of all transfers in real time.
If you and your company have the necessary volume of containers per year; They will be able to benefit from supply chain management, transparent and efficient tracking of their logistics, as well as optimization of transfer and maneuver rates. Therefore, one of our experts from APR Cargo Group can provide you with completely free advice