Who Will Pay for Freight Forwarders' Bad Debts?

Due to Covid-19 happened this year, many freight forwarders found it’s hard to collect payment and it makes the logistics companies a tough time. However, there’s someone who can help global freight forwarders to solve this problem.

Under the epidemic situation, there is a team doing its best to provide transparent, fair and honest logistics transaction settlement services and risk protection services for Chinese and foreign logistics companies, and has become the "guardian" of logistics companies under the plague of epidemic. This team is called " JCtrans"!

Under epidemic situation, JCtrans received lots of feedback on cooperation disputes, including many companies unable to pay due to shortage of payment funds. As a third-party, JCtrans not only focuses on improving members' cooperation, but strictly auditing for new members enrollment, helping to solve problems between members' cooperation, warning blacklist agents to control the risk in time, compensating while bad debt happened, etc. 

Be the gatekeeper of the logistics reputation circle

JCtrans Logistics Network has a professional audit team to conduct a comprehensive audit of new members, including the establishment period, number of employees, office environment, business qualifications, and partners’ feedback, etc..

Be the coordinator between "member to member"

After receiving the feedback and complaints from our members, we will contact the relevant members as soon as possible and actively assist in the investigation and resolution in a fair and responsible solution.

In terms of cross-border cooperation, some member companies have been unable to handle cooperation problems with foreign companies. If cross-border investigations are involved, the platform will also assist in contacting local embassies or shipping companies.

Be the whistleblower for market risk warning

After the investigation, if it is found that the complained company does have credibility and other issues, the platform will contact GCP members in time and tell them to cooperate cautiously. Once it is confirmed to be a bad company, the platform will notify the company throughout the network to prevent other members and non-members from logistics The business suffered losses. At the same time, GCP members can also get priority access to the platform's official risk warning information and Blacklist Notice to avoid cooperation risks.

Be a guarantor of financial protection

In order to reduce the risk loss of freight forwarding companies, JCtrans Logistics Network provides GCP members with a total of up to 100,000 US dollars per year  in financial protection, creating a reputation circle for safe cooperation and honest transactions.

Promise to real compensation

Since 2020, JCtrans has made compensation of more than RMB 300,000 to GCP members. Part of the compensation case is as follows:

1.JCtrans Logistics Network paid Real Logistics sp.z o.osp.k USD22,705.17

2.JCtrans Logistics Network paid KENDERI EU S.R.O USD3,303.00

3.JCtrans Logistics Network Paid MULTITRRADE SPAIN SL USD3,128.90

Business tips:

1.Please don't believe the ultra-low freight rate easily !

2.Sign a contract and confirm your rights and responsibility!

3. Do standard operation!

4. Protect your B/L!

5. Clare the trade terms!

6.Choose the right partner, members are better!

To build a safe and effective credibility circle for international logistics cooperation is what JCtrans Logistics Network and global freight forwarders have been doing together.

JCtrans Logistics Network has been doing logistics networking service for 17 years,It has 2000+ freight forwarding members from 165 countries around the world!Hope more and more freight forwarders will join our JCtrans family! We will fight the Covid-19 together and win a better future!