Global Trade Management (GTM) is the practice of streamlining and automating international trade operations, ensuring regulatory compliance, optimizing supply chain efficiency, and managing associated risks. It involves coordination between multiple entities such as suppliers, carriers, ports, customs, freight forwarders, and government bodies.
- Shipment Visibility
- Cost Management
- All Documentation
- Risk Management
1. Ocean Freight Planning & Booking
Selecting cost-effective and efficient ocean carriers.
Scheduling sailings and transit times.
Managing container bookings, space allocation, and shipment instructions.
2. Carrier & Route Optimization
Identify optimal shipping lines and transit routes.
Compare ocean freight rates, capacity, and schedules.
Reduce delays by avoiding congested ports or high-risk areas.
3. Documentation & Compliance
- Bill of Lading (B/L)
- Commercial Invoice
- Packing List
- Certificate of Origin
- Export/Import licenses
4. Customs & Regulatory Management
- HS Code classification
- Duties and taxes estimation
- Restricted party screening
- Electronic filing via ICEGATE, ACE, or similar portals
5. Shipment Visibility
- End-to-end shipping process.
- Port departures and arrivals
- Proactive management of delays and disruptions.
6. Trade Finance & Cost Management
- Letters of Credit (L/C)
- Payment terms
- Freight charges, demurrage, detention fees