Why Use a Licensed Freight Broker of Transportation? | transportation

The Right Kind of Freight Broker SavesSomeone who controls the freight in any buy/sell transaction can benefit two ways by either earning money or saving money on the selecting of and payment for the transportation.By engaging the services of the right kind of Licensed Property Broker of Transportation, a Shipper or Buyer is outsourcing essential transportation management: Rate Survey, price negotiation, carrier selection, contract writing (by the load), and contract enforcement over the carrier. He is at the same time freeing up valuable time that can be used productively in other ways. Transportation management fees are contained in the freight cost per shipment, which are at or below the actual Average Market Rates.1) A SELLER can EARN MONEY on transportation by selecting and paying the transportation provider (Broker or carrier) himself and invoicing his customer for the freight by the “prepay and add” method. That is, to sell his wares with a delivery price as a line item in the sales contract labeled “Ship Best Way…$Amount”.Some sellers do this cost effectively for their customers (preferred) and many do not. It is legal and ethical to modestly mark up the transportation cost to arrive at your invoicing figure. Your earned Mark Up is for providing a legitimate service to your client by hiring a transportation provider to his benefit (he simply orders your product and waits for its arrival. Prepaid-Ship Best Way, F.O.B Destination).Supplying an accurate Bill Of Lading (BOL) to the consignor’s shipment loading location (Origin) is essential. Freight Brokers can draft a proper Bill of Lading for you for each shipment and fax or email it to the point of origin for use by the consignor (Shipper). The Bill of Lading is a very important document. This document spells out legal obligations to the carrier and all parties concerned: what is being transferred (Description), who the property is being transferred between (the Consignor and the Consignee), who is paying the freight charges to the carrier (“prepaid”, “collect”, or “third party”.) The Freight Broker is “third party” for all carriers supplied. The Bill of Lading documents that temporarily the shipment is in legal responsible custody of the Carrier while in transit. In addition, this documentation specifies at what point responsibility for freight damage claims against the carrier, if any, transfer from the consignor to the consignee. The notation will usually be either “F.O.B. Origin” or “F.O.B. Destination”. F.O.B. means “Free On Board” indicating that the consignor is free of responsibility for damage claims against the carrier at the point designated. The F.O.B. point is a negotiable item in the sale.2) A BUYER can SAVE MONEY (“a penny saved is a penny earned”) on transportation by selecting and paying the transportation provider (Broker or carrier) himself, electing not to have the seller do it for him. He buys a product, selects the transportation provider, who is also interested in the shipment from beginning to end. Not as simple, but he is earning money by saving money, he is providing this service on behalf of himself.This frees him to get the best deal on freight on his own, with his own negotiating power and the expertise of his Freight Broker. The company that provides the Transportation service can also be a valuable partner in gathering all the tedious load information that is prerequisite to finding the right carrier, with the right trailer, at the lowest possible price for the buyer.CARRIER PERFORMANCE ENHANCEMENT occurs when using the right kind of broker. A good broker is recognized by the carrier industry as an important credit approved large volume customer; as well as an industry partner who is able to affect his carrier reputation among his wholesale, freight broker, customer base, for reliability in the fulfillment of spot market hauling contracts. Every load is contracted in writing by the Broker to the Carrier. Through a main Internet Load board Carrier and Broker Performance Report postings and reviews, Brokers and Carriers have the ability to effect one another’s reputation publicly.This exertion of positive and negative pressure has a very good influence on both parties towards honoring each contract (load). That is why a good broker writes a detailed contract for every load tendered to a carrier. When you order Transportation service for a load either by phone or email, your broker gets busy with price negotiations, contract writing, and enforcement.The right kind of good and reliable transportation brokerage benefits shippers and carriers, enabling them to save precious time and money in today’s economy. Outsourcing to a Freight Broker who will professionally supervise your shipment and enforce your targeted transportation budget, will give you greater control of the best outcome.

Real Estate Submarkets and Their Characteristics | Real estate

The Jamaica real estate submarketThe general market for goods and service is made up of many submarkets. When left free to operate without private or governmental interference, each submarket and the general market as a whole should theoretically regulate itself by the laws of supply and demand.One of the submarkets of the general market for goods and service is the Jamaica real estate market. While the real estate market differs in a number of distinctive ways from other markets, it acts much like all markets with respect to changes in supply and demand, but with a slower response time. It has the appearance of being a single, simple entity when in fact the real estate market is itself composed of many complex sub markets. This would include Jamaica homes for rent as well. This would be known as a parent category.Real estate is a commodity just as wheat, gold and sugar. By combining the other factors of production with land we can produce wheat, gold and sugar or buildings.Major sub markets of Jamaica Real Estate
Most authorities agree that the five major submarkets of Jamaican real estate are:
1. Residential homes for rent in Jamaica;
2. Commercial;
3. Industrial;
4. Agricultural;
5. Governmental and special – purpose propertiesEach of these five categories is further divided into minor submarkets. For example, “residential” as a major submarket can itself be divided into minor submarkets as follows:
1. Urban;
2. Suburban; and
3. RuralEach of the minor submarkets can be divided further into single-family and multifamily, which could then each be classified as owner-occupied and rental. The point is what appears to be one big, but simple real estate market is in reality, a complex structure of many individual submarkets, each of which contributes to the overall market.The characteristics of the real estate market
If the real estate market were allowed to operate without any interference or restraint whatsoever, each person could use his or her property in any way that would produce the greatest return. This could result in one person’s use of Jamaican property causing a loss in value to another person’s property. Obviously, we cannot permit land to be used for whatever purpose the owner thinks best for his or her private gain.For example, if you lived in a very fashionable up-market residential subdivision and your neighbor bought two undeveloped lots adjoining your property for use as a pig farm or for a paper mill with its offensive odors, the social costs to you and the rest of the subdivision would far outweigh the private gain to your neighbor. Therefore, the real estate market cannot be permitted to operate free of all controls and restraints.Listed below are five primary characteristics affecting ownership and sale that set real estate apart from other markets.
1. The market is local in nature; the product is immoveable.
2. It is slow to respond to change in supply and demand.
3. There is relative permanence of improvements; land is durable and fixed in location.
4. The market is not organized and is without central control; there is no standard product and no central information.
5. Governmental controls influence the market through zoning, building codes, taxes, etcLocal in Nature – The market for real estate is uncommonly local in nature compared with other markets. The reason, of course, is that land and the improvements thereon are immoveable. For example, we cannot transport sugar cane lands from Westmoreland to Kingston. If we were in the market for tomatoes we could haul our produce to the place where demand might be greatest. However, despite the demand for housing in Area A, we cannot produce an apartment complex or single-family subdivisions on land located in Area B and take it to where there is greater demand.Slow Response – The property market is unusually slow to respond to changes in supply and demand. Very often the number of houses (supply) in an area begins to fall behind the demand, however, since the design, land acquisition, site preparation and construction phases of real estate are so time consuming by the time demand responds the market becomes flooded. The equilibrium between supply and demand is thus destroyed because the supply of the town houses exceeds the demand at the time.Permanence of improvements – The characteristic referred to as permanence of improvements is also closely related to the above characteristics. The typical bungalow-housing unit has a long economic life compared to other commodities. Once we have built a block of offices we are stuck with it when perhaps we could have invested our time and money in a hotel. Therefore, the permanence of the improvements created eliminates many alternatives available to markets.Decentralized nature – Another characteristic of the real estate market is the lack of a single, central exchange for dealing with the real estate island wide. If one wishes to buy 100 shares in General Motors, California, the product will be the same as General Motors, Florida. However, if one wishes to buy 100 hectares of beachfront property in Westmoreland, Jamaica the product will be different in many respects from beachfront property in Portland. This focuses the attention on the two main reasons why there is not a central exchange for real estate.First, the product cannot be standardized. No two tracts of land are the same. Even two lots side by side on a street have different geographical locations on this earth. This concept is referred to as heterogeneity or non-homogeneity.Second, no central data bank or information source tells about all real property in Jamaica. Also, one needs to be careful when using information about properties in one area to assess properties in another. If one wants to know about real property in any location, it is best to go to that particular place and seek local information.Governmental Controls – The fifth and last of the primary characteristics of the real estate market, governmental controls, plays an inordinately important role when compared to other markets. Most people are familiar with direct controls such as zoning and building codes which govern construction and use of property.Governments also exercise indirect controls, such as the monetary policies of Central Government. For example, if Government reduces the overall money supply to slow the inflation rate, higher rates for mortgage bans turn, drives many potential buyers out of the real estate market in Jamaica. This does impact heavily on the drafting of a rent agreement in Jamaica.

Investing in 2012 – Best Alternative Investments? | investing

When we think about investing we normally picture in our minds a variety of stocks, bonds, and mutual funds. It is crucial to remember however that limiting ourselves to these common investments can be the biggest risk one can take in these harsh and uncertain economic times.It is always important to add diversity to your investment portfolio, and since different investments behave differently under varying economic conditions, it is always a good idea to have such investments that can support and even temporarily replace those investments that tend to wither in the worst of situations.The answer then to a risky situation lies in expanding your investment options and seriously looking at including a few alternative investments in your portfolio; this may be the best way forward for you in 2012 and beyond.What are Alternative Investments?Many alternative investments are thought to lack liquidity and are generally a bit more complicated for inexperienced investors. Usually you will find only wealthy individuals and investment corporations focusing on them.In the majority of cases, these types of investments require a much higher minimum investment and the associated fees can be also be higher when comparing to ETFs for example. They are often a bit harder to market based on the fact that you cannot as easily measure performances.They do however have less associated regulations attached to them and this has ensured a pronounced increase in alternative forms of investment in recent times.Alternative investments are becoming popular and the point to remember is that they do not in most cases share the same kind of predictable returns as that of standard investments. In fact they can prove to be very profitable indeed under the right circumstances.Perhaps this is the reason why many high net worth individuals and larger financial funds have allocated reasonable percentages as light as 10% of their portfolios to alternative investments like hedge funds. Other alternative investments include real estate and certain precious metals.Investment OpportunitiesSo what are the best alternative investments that you should be eyeing in 2012? Well – Exchange Traded Funds or ETFs offer an investment option that has a much wider appeal than either real estate or precious metals.For one thing they are easier to get involved in and do not present the usual risks attached to alternative investments. Again the best approach is to diversify and in addition to an existing portfolio, ETFs can and do represent profitable assets that can be moved and sold when you need to. It is also very easy to monitor and track their value within a given time.With exchange traded funds you have the flexibility of trading within the market or you can hold on to your investment for any duration you like even over the longer term.Other exciting opportunities include and are not limited to investing in art, wine and renewable energy.
Now is the time to keep your options as wide open as possible. By including alternative investments into your portfolio you have a healthy blend of diverse investments that will effectively help you to cover all your financial bases in years to come.