Dead stock: admitting what is never going to sell
Dead stock ties up cash and space while appearing as an asset. How to identify it, the options in order of value recovered, and why holding on is the expensive choice.
A freight forwarder arranges shipping but does not usually carry anything. What they take on, what remains your liability, and the documents to check before a first shipment.
A freight forwarder arranges the movement of goods without usually owning a single vehicle. They book space, handle the paperwork, deal with customs brokers and consolidate shipments — and the distinction that matters is that they are generally agents arranging a service rather than carriers performing one. That changes who is liable when something goes wrong, and most first-time shippers discover the difference after the loss rather than before.
The accuracy of what you declare, first and foremost. Classification, valuation and origin are your legal responsibility even when a forwarder completed the form, and penalties follow the importer rather than the agent. Packaging adequate for the journey is yours. So is insurance: standard forwarder liability is limited by weight under international conventions and is typically a fraction of the value of anything worth shipping — a pallet of electronics can be covered for a few hundred regardless of what it cost. Assuming the shipment is insured because a professional is handling it is the single most expensive assumption in the field.
Check which terms of trade apply before agreeing a price. The incoterms decide where your responsibility ends and the buyer's begins, and a quote that looks cheaper usually just stops earlier — comparing rates without comparing the point of handover compares nothing.
Experience with your lane and your commodity matters more than headline rate. A forwarder who moves your type of goods on your route weekly knows which documents the destination actually demands, which is the knowledge that prevents a container sitting while demurrage accrues. Ask what goes wrong most often on that route and how they handle it; the quality of that answer tells you more than the quotation does.
Ettex Records suits the document set per shipment — the transport document, the invoice, the packing list, the clearance paperwork — kept against the shipment with the dates, so a query two years later is a lookup rather than an excavation. The commercial terms behind it belong with the incoterms agreed at the order, since that is what decides which costs were yours in the first place.
Usually not. Forwarders typically act as agents arranging transport rather than performing it, which materially changes who is liable if goods are lost or damaged.
Only if you ask. Their standard liability is limited by weight and is normally far below the value of the cargo, so separate insurance is a deliberate decision.
You are, as importer or exporter, even when the forwarder prepares the paperwork. Penalties for misdeclaration follow the trader rather than the agent.
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