Freight outsourcing for our company refers to the practice of subcontracting certain functions or services related to freight logistics and chartering operations to external providers. This can include a range of activities, such as:

1. Ship Sourcing: Identifying suitable vessels for charter based on cargo, routes, and market conditions.
2. Freight Contracting: Negotiating and securing contracts with shipowners or other carriers for the transportation of goods.
3. Voyage Management: Coordinating the logistics of the voyage, including port operations, fuel optimization, and route planning.
4. Documentation and Legal Services: Handling charter party agreements, bills of lading, and other legal documents involved in shipping operations.
5. Financial Services: Outsourcing the calculation of freight rates, late-time calculations, demurrage/detention fees, and ensuring timely payments.
6. Risk Management: Engaging external brokers or insurers to mitigate risks related to freight logistics and chartering.

For a company like Impexchart ltd, outsourcing can help streamline operations, reduce overhead costs, and ensure access to specialized expertise while the internal team focuses on client relationships and expanding their market reach.