What documents are required for air freight?

Air Waybill (AWB): This is the document of title to the goods travelling by air and is therefore non-negotiable. It travels with the cargo and acts as evidence of delivery of the goods travelling on board the plane.

Commercial invoice: Document establishing the conditions of sale for the goods and their specifications. Serves as proof of sale.

Packing list: A list of the contents in a package, completing the information of the invoice, which must be issued by the sender.

Customs clearance authorization: Document with which an importer or exporter authorizes a customs agent to submit one or several customs declarations on their behalf.

DHL Global Forwarding’s latest Airfreight State of the Industry report

DHL Global Forwarding’s latest Airfreight State of the Industry report, covering this past month (October) has illuminated the vagaries of what is currently a very unstable air cargo market. The report found airfreight volumes as a whole remain somewhat suppressed, with demand continuing to remain low on most trade lanes, although transatlantic volumes are comparatively strong. In fact, global demand has softened since April this year and this year’s peak season is expected to see less of a surge than last year.
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Air France-KLM Group sees third quarter cargo revenues drop

Air France-KLM Group saw a small drop in cargo revenues in the third quarter but maintained steady cargo yields. The Group recorded total cargo revenues of €830m in the third quarter of 2022, which was a 0.6% drop from the year before. However, total cargo revenues in the third quarter of 2022 were 61% higher compared to 2019. 📌For details: https://lnkd.in/ecGFyWeS ———- 🌟Join our network for more business opportunities, potential cooperations, job vacancies, etc. at: – Vietnam Logistics Community (VLC): https://lnkd.in/gvCzjZx9 (Zalo) – Vietnam Air Cargo Community (VACC): https://lnkd.in/dkYz9fMb (Zalo)
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VIETNAM LOGISTICS & FREIGHT TRANSPORT REPORT | Q3 2022 _ by Fitch Solutions

Air Freight Forecast Key View: In 2022 we expect Vietnam’s freight sub-sector to experience strong positive growth of 14.6% y-o-y, following the strong rebound of 17.1% y-o-y in 2021. The strong growth and rebound in air freight volumes stem from low base effects on the back of Covid-induced risks in 2020. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), coupled with a moderate pipeline of air infrastructure projects will increase capacity and drive long-term growth in air freight volumes. Latest Updates: Vietnam’s air freight volumes are expected to grow by 14.6% y-o-y over the course of 2022, down from 17.1% y-o-y in 2021. We note that air freight volumes in 2022 will reach about 365,350 tonnes, up from 318,920 in 2021. Although we note that this is still below pre-Covid airfreight volumes. Read more about Air Freight’s short/medium/long-term forecast in the following report. Enjoy reading! —————————— Join our network for more business opportunities, potential cooperations, job vacancies, etc. at: – Vietnam Logistics Community (VLC): https://lnkd.in/gvCzjZx9 (Zalo) – Vietnam Air Cargo Community (VACC): https://lnkd.in/dkYz9fMb (Zalo) https://www.linkedin.com/posts/vietnam-air-cargo-community_vacc-vietnam-logistics-freight-transport-activity-6983360209268219904-JfOj
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Vietnam Increased 3 Steps in Logistics 2021 Index Rangkings

According to Agility’s 2021 emerging market logistics index – one of the world’s leading logistics companies, Vietnam ranks 8th in the 50 emerging markets, up 3 grades compared to 2020. The new market index of emerging markets ranked 50 markets based on factors which make these markets attractive to logistics providers, freight forwarders, shipping lines, carriers and distributors.
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Vietnam Logistics Services Industry is Expected To Grow By 15% – 20% BY 2025

Logistics industry is considered a backbone of the economy, accompanying all areas of operation, from production, distribution, circulation to consumption. One of the most potential sectors of the economy: Logistics is an important service sector in the overall structure of the national economy, playing a role in supporting, connecting and promoting the socio-economic development of the country as well as each locality, contributing to improving the competitiveness of the economy. Developed in the 1990s, in a short time, Vietnam’s logistics service has grown strongly, affirming the particularly important role in the Vietnam’s economy. Now, Vietnam logisics market has the participation of about 3,000 domestic enterprises and about 30 enterprises providing transnational logistics services. Vietnamese logistics businesses are providing 2 to 17 different logisitics services, focusing on: delivery, inland transportation, operation of seaports and airports, warehousing, cargo management and international transport …In particular, transportation is the most important service sector in Vietnam’s logistics system. According to the Vietnam Logistics Business Association, the growth rate of the logistics industry in Vietnam in recent years is relatively high, reaching about 14% -16%, with a scale of about 40-42 billion USD /year; The percentage of business outsourced logistics services is about 60-70%, contributing about 4-5% of GDP. Recently, supplementing Decision No. 200 / QD-TTg dated February 14th, 2017 on approving the action plan to improve competitiveness and develop Vietnam logistics services to 2025. Accordingly, the revised target set for 2025 such as: Striving to 2025, the contribution of logistics services to GDP reaches 5-6%, logistics service growth rate reaches 15% -20%, Logistics outsourcing rates services reached 50% -60%, logistics costs decreased to equivalent to 16% -20% of GDP, ranking according to LPI index in the world reached 50 or more. According to the above decision, the Government advocates to develop logistics services into a service industry that brings high value … maximizing the advantage of strategic geographical location, strengthen connectivity to make Vietnam become an important logistics point in the region. In order to reduce logistics costs and develop Vietnam logistics services, at the Vietnam Logistics Forum 2020 some proposed solutions such as: simplify administrative procedures, especially cross-border trade procedures; focus on investing in construction a modern and synchronized infrastructure to help save maximum cost time, meet the demand for transportation and circulation of goods; enhance new technology applications, more efficiently into logistics activities. There are specific programs, plans and projects to promote digital transformation in logistics enterprises …; Building a network of Logistics enterprises, focusing on developing logistics systems associated with e-commerce; Development of new solutions to save raw materials, fuel, make maximum use of renewable fuel sources at ports, warehouses, enhancing vehicles using clean and environmentally friendly fuels … In addition, Vietnam’s participation in more and more Free Trade Agreements (FTAs) also created many opportunities to attract foreign investment with modern technology and increase advanced management methods in the field of logistics. To take advantage of business opportunities that come from the commitments in the FTAs, economic professionals say that logistics enterprises need to improve competitiveness as well as find suitable channels to increase links with enterprises providing various logistics services such as shipping lines, trade agents, insurance … Minh Duyen/ VietNam Agency (Aggregation)
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