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UFFA is an acronym for Uganda Freight Forwarders Association formed in 2001 from UCIFA. As a member of FIATA, it aims at promoting professionalism and integrity in the freight forwarding industry in Uganda. Membership to UFFA is for both local and foreign companies involved directly and/ or indirectly in freight logistics (Shipping, Customs ...
Uganda Clearing Industry & Forwarding Association (UCIFA website) is a member-owned institution with over 200 companies licensed by URA (Uganda Revenue Authority). Its secretariat is located in Nakawa, Kampala on Jinja Road, opposite Spear Motors.
FUCAFF is the acronym for the Federation of Uganda Customs Agents & Freight Forwarders, an exclusive umbrella association for member clearing firms or companies registered in Uganda. With the slogan Fostering Tax Compliance with Stakeholders , it was formed in 2009 after UCIFA and its offshoot UFFA to coordinate with URA .
The FIATA International Federation of Freight Forwarders Associations is a non-governmental organisation representing freight forwarders worldwide. According to the FIATA Annual Report 2021, FIATA counted 109 Associations Members representing the freight forwarding industry within a territory and 5959 Individual members, representing freight forwarding and logistics companies.
Modern freight forwarders offer an end-to-end process i.e. shipping the goods from the place of origin to the final destination and may offer additional services such as warehouse planning, cargo insurance and customs brokerage. Together with tracking, freight forwarding agents often have real time information on the freight.
Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] The term shipping originally referred to transport by sea but in American English , it has been extended to refer to transport by land or air (International English: "carriage") as well.
Freight forwarder: A firm that makes or assists in the making of shipping arrangements; Terminal: Any place, whether covered or not, such as a dock, warehouse, container yard or road, rail or air cargo terminal; To clear for export: To file Shipper’s Export Declaration and get export permit
The freight derivatives market for dry cargo vessels saw a big increase in traded volumes in 2021. Dry forward freight agreement (FFA) volumes hit 2,524,271 lots, up 61% on 2020. Options trading in the dry market hit an all-time high of 409,255, up 25% on the previous year.
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