Factoring is an ongoing arrangement where a company assigns its accounts receivable invoices to a factor in exchange for cash. The factor then pursues collection from customers and assumes the risk of default. There are different types of factoring arrangements like domestic, international, recourse and non-recourse. Factoring provides various benefits like immediate access to cash, improved cash flows, credit protection and credit management services. However, it may not be suitable for businesses with a lot of cash sales, speculative ventures or those offering long credit terms. Factoring is widely used across many industries globally.
Factoring is an ongoing arrangement where a company assigns its accounts receivable invoices to a factor in exchange for cash. The factor then pursues collection from customers and assumes the risk of default. There are different types of factoring arrangements like domestic, international, recourse and non-recourse. Factoring provides various benefits like immediate access to cash, improved cash flows, credit protection and credit management services. However, it may not be suitable for businesses with a lot of cash sales, speculative ventures or those offering long credit terms. Factoring is widely used across many industries globally.
6. • FIATA,
• in French "Fédération
Internationale des
Associations de Transitaires et
Assimilés",
• in English "International
Federation of Freight
Forwarders Associations",
• was founded in Vienna/Austria
on May 31, 1926.
16. Intermodal vs
Multimodal
• Intermodal – is the movement of cargo from origin to
destination by several modes of transport where each
of these modes have a different transport provider or
entity responsible, each with its own independent
contract.. Multiple carriers during a single journey
• Multimodal – is the movement of cargo from origin to
destination by several modes of transport where each
of these modes have a different transport provider or
entity responsible, but under a single contract.. Single
carrier during a single journey
26. IATA Cargo Strategy
• ten following industry key priorities:
• 1. Enhancing safety
2. Improving security
3. Pushing for smarter regulations
4. Strengthening the value proposition of air cargo
5. Driving efficiency through global standards
6. Modernizing air cargo
7. Improving quality
8. Protecting cash
9. Strengthening partnerships
10. Building sustainability
32. How ICS Works
1. National shipowners’ associations advise
governments on ICS policy and participate in
government delegations at international
meetings
2. ICS helps national shipowners’ associations
advise companies of international
developments
34. What Areas Does ICS Cover?
• ICS is centrally engaged in the co-
ordination and representation of the
global shipping industry’s views on
most issues affecting ship owners
and operators.
46. • 2013 оны 3 сараас Олон улсын тээврийн
форум тээврийн удирдлагын зөвлөлөөс
Олон улсын тээврийн форумын үйл
ажиллагааг удирдах Ерөнхий дүрмийг
боловсруулсан байна.
• At their meeting in March 2013, the ITF's
Transport Management Board adopted
revised General Rules that govern the work of
the International Transport Forum. Go to
overview of key ITF documents.
•
