Cross-Trade Management
Cross-trade management in CargoWise is the process of processing shipments that go between two foreign countries without visiting the logistics supplier’s country of origin. This is also referred to as triangular trade or trade with third countries. It is an essential feature for international freight forwarders and third-party logistics providers who organize complex supply chains across borders. CargoWise automates documentation, tracking, and compliance procedures, allowing users to effortlessly handle these cross-trade shipments from quotation to delivery.
The platform offers centralized control, allowing logistics professionals to manage all necessary information, including shipper details, consignee, third parties, and routing needs, in a single integrated system. It enables the creation of trade papers such as commercial invoices, house and master bills of lading, and certificates of origin. Cross-trade activities require coordination between numerous parties across time zones, which CargoWise facilitates by automating warnings, providing real-time tracking, and ensuring transparency among all stakeholders. This streamlines operations and reduces the likelihood of miscommunication, delays, and penalties for non-compliance.
