FMC qualification has many benefits for freight forwarders, as follows:
Legal Compliance
FMC qualification enables enterprises to legally comply with the U.S. NVOCC business, the right to issue bills of lading for shippers. This is the premise of legal operation in the U.S. market, avoiding the risk of cargo detention and high fines due to violations.
Expanding Business Channels
Direct connection with high-quality resources: With FMC qualification, the forwarder does not need to go through the intermediate links such as shipping agency or generation, and can directly establish business connections with shipowners and U.S. freight forwarders to more efficiently obtain first-hand space resources from shipowners, expand business channels, and improve business efficiency.
Diversified business development: the enterprise can develop chartering business with potential shippers by virtue of its qualification, further expanding the type of business, enriching the scope of its own business, and enhancing profitability.
Enhance operational flexibility
Autonomous and controllable operation time: The enterprise has a 24-hour declaration service system, and can submit AMS/ISF declaration information by itself, which makes the operation more flexible, and can reasonably arrange the declaration time according to the actual situation of the cargo, avoiding problems such as delayed cargo detention caused by the declaration, and improving the satisfaction of the customers.
Real-time mastery of cargo information: we can know the status of cargo declaration and customs clearance as well as cargo information at any time, so that we can realize full monitoring of the business process and better serve our customers.
Enhance market competitiveness
Enhance credibility and competitiveness: FMC qualification represents that the enterprise has passed the audit of the U.S. government and has certain strength and standardization, which makes it more credible and reliable in the eyes of the customers, and easier to gain customers' trust, so that it can take the advantage in the market competition and attract more business opportunities.
Autonomous control of tariffs: Enterprises can directly ask shipowners for quotations, obtain more favorable tariffs, and flexibly adjust tariff strategies according to market conditions to attract customers with more competitive prices and improve competitiveness and flexibility in the market.
Cost Control and Profit Enhancement
Cost saving: Take manifest declaration as an example, in the past, the cost of manifest declaration through shipowners or first-class forwarders may be as high as US$25-40 per article, while enterprises can declare on their own after obtaining FMC qualification, which greatly saves the cost.
Increase profit: Enterprises can directly bargain with shipowners to purchase slots and then sell them to customers to earn the difference in price; they can also utilize their own declaration system to make declarations for other NVOCCs, creating an additional source of income.
Compliance and risk reduction
Risk Reduction: Legal forwarders usually comply with international and local regulations to ensure that the transportation process is legal and compliant, which reduces the risk of non-compliance and legal risks. fmc requires licensed companies to pay a security deposit for the payment of transportation disputes, which guarantees the safety of customers' goods and funds.
Safeguard legal rights and interests: By participating in FMC's supervision and negotiation, enterprises can better safeguard their legal rights and interests and ensure invincibility in the fierce market competition.