Documente Academic
Documente Profesional
Documente Cultură
SPECIAL REFERENCE TO
MONCO LOGISTICS PVT LTD
Submitted by
JERIN JOSE
Register No. : 163LS0003
of
In partial fulfillment of BBA (Logistics & Shipping) during the year 2016 – 2019. I hereby
declare that “INTERNSHIP TRAINING PROGRAM WITH SPECIAL REFERENCE
TO MONCO LOGISTICS, CHENNAI.” It is the record of original work done by me,
under the guidance of Mr A. NATARAJAN,B.E., M.Tech., MBA., Associate Professor,
Department of Bachelor of Business Administration GKM INSTITUTE OF MARINE
SCIENCE AND TECHNOLOGY, CHENNAI. It is assured that this study have not been
submitted to any other University for the award of BBA (Logistics & Shipping) degree.
Date:
ACKNOWLEDGEMENT
First of all I would like to express my deep gratitude to our beloved Chairman
Dr. G. KATHAMUTHU for his kind encouragement and blessings.
I would also like to thank Captain RANGANATHAN. G. S, who has always helped us
whenever we approached them during the course of our project.
My sincere gratitude and thanks to our beloved and respected Dr. S. MUTHUMANI, MBA.,
Ph.D., Head of the Department of Business Administration for his guidance and motivation
throughout the summer internship.
I wish to thank our other staff members, lab-assistant and friends for the support and
guidance. I would also like to thank our parents who stood by us, satisfying all our needs
towards the fine success of my summer internship.
Abstract
2 Industry Overview 11
3 Company Profile 15
i Company Strength 17
ii Clients 19
5 MAJOR LEARNING
7 Conclusion 29
1. INTRODUCTION TO LOGISTICS
Logistics is a broad, far-reaching function which has a major impact on a society’s standard
of living. In a modern society, we have come to expect excellent logistics services, and tend to
notice logistics only when there is a problem.
The difficulty in shopping for food, clothing, and other items if logistics systems do
not conveniently bring all of those goods or items together in one place, such as a single store
or a mall.
The challenge in locating the proper size or style of an item if logistical systems do
not provide for a wide mix of products, colours, sizes, and styles through the assortment
process.
The frustration of going to store to purchase an advertised item, only to find out the
store’s shipment is late arriving.
There are only few of the issues for granted which illustrate how logistics touches many
facets of daily lives. Because of the magnitude of the impact of logistics on society and
individuals, a macro approach is taken to understand the logistics management.
Business logistics
Distribution
Logistical management
Supply management
What these terms have in common is that they deal with the management of the flow of
goods or materials from one point of origin to point of consumption, and in some cases even
to the point of disposal.
The above mentioned documents are to accompany the shipping bill, when it is
filed in the export department of the custom house in triplicate. The shipping bill,
after registration is passed on to the approaching unit for scrutiny and assessment.
As for quote products are concern, like garments the scrutiny covey AEPC
Endorsement, value declared in shipping bill as well as the GR form. After scrutiny
the shipping bill is passed and the goods covered are allowed to be exported. After
that customs house retains the original copy of the shipping bill and GR form and
the duplicate copy of shipping bill is returned to the CHA’s.
Then the goods are presented for examination along with the shipping bills and
other documents to the docks where the vessel which is to carry the goods. If the
goods are found confirm to the details and specification declared in the shipping bill,
the appraiser gives the “Let Export Order”, on the basis of which the goods are
loaded under custom preventive supervision. After loading, the shipping company
issues the Mate’s Receipt” in the spot and later the negotiable document known as
“Bill of Lading”.
Monco Logistics Private Limited's Annual General Meeting (AGM) was last held on
26 September 2017 and as per records from Ministry of Corporate Affairs (MCA), its
balance sheet was last filed on 31 March 2017. Directors of Monco Logistics Private
Limited are Tency Jomy and Jomy Joseph.
Monco Logistics Pvt Ltd is a South Indian based Freight Forwarding &
Logistics company having the corporate office at Cochin and engaged in core
shipping and multifunctional freight forwarding business. A dedicated team
is always concerned for providing quality services by maintaining safe and
timely delivery. Through experience Monco Logistics Pvt Ltd have now
become one of leading name in Freight forwarding and logistics.
Within the short span of 10 years Monco Logistics have become one of the
leading brands in south India for freight forwarding, shipping service due to
the quality services. Within this limited time the company were able to
partner with the leading companies in the Industry due to the quality
services. Monco Logistics have the resources and experienced professional
who can maintain quality services. The professionals have years of experience
in Freight forwarding and warehouse facility services.
Monco Logistics Customer care executive keep track and notify each clients in
a timely manner. To provide effective and reliable specific distribution
services through continuous development of human resources, operational
systems, data technology and infrastructure, by adhering to Quality
Management Systems. Monco Logistics have been continuously trying to
increase the efficiency of the services by constantly improving the technology
and increasing human power resources.
LORDS Freight (India) Pvt Ltd
Monco Logistics Ltd [MLL] has acquired a majority stake in Lords Freight (India)
Pvt Ltd, a move that will help the company enhance its portfolio of services. The
percentage of stake it acquired nor the investment is unknown. Lords, which
specializes in international logistics, is based out of Mumbai with a presence in
across all major Indian cities. This would be a maiden investment, and will
considerably add to the value proposition they offer to their customers,
Company Strength
Monco Corporate Strength
1. ・Global network. ;
1. ・We could understand deeply customer’s business and making best logistics
scheme for customer which win a good reputation.
2. ・We could construct the logistics schemes on Global Supply Chain and
logistics centers and a lot of kind of functions and strength of planning and
layout ability.
2. ・Providing suitable system for each customer with own development system
AWARDS
Awarded to Monco Logistics for being the Second top customs broker of Cochin for
the year of 2016 during the function held at Merchant navy club , Willington Island,
Cochin on 27th January 2017 in connection with the celebration of “International
customs day”
Clients
Scope of Study:
As we were given a project which had to be done on export-Import documentation,
itis necessary to carefully analyze the documents involved in each process. I was
privileged to take up my internship at Monco Logistics PRIVATE LIMITED
(Chennai) located at George Town.
Objectives:
To understand the process of Import and Export procedures
To understand the documentation concept. In both Import and Export
To understand the clearance procedures.
To understand difficulties in forwarding.
LIMITATIONS OF TRAINING:
The training is the first step for perfection. Training improves knowledge, Attitude,
and skill of trainee. Most of the training fulfil the knowledge where the persons
lagging behind. The trainee must learn practical knowledge to solve the problems
when they are working in the organisation. The training gives the more ideas when
they are more involving the work. The institution and organization have offered a
wonderful opportunity to the student to learn during summer training. This training
assists the student to get better knowledge, ability, attitude, values and
individuality. It also helps to breed ideas for solving the problem in the organization.
5. MAJOR LEARNING
i. How to work in a professional organisation
Professionalism
Bill of lading
Shipping bill Filing
Bill of entry for Import and Export
CFS Clearance
Billing of Lading
Bill of lading (BOL) is one of the most important documents in the shipping process.
To ship any goods, a bill of lading is required and acts as a receipt and a contract. A
completed BOL legally shows that the carrier has received the freight as described
and is obligated to deliver that freight in good condition to the consignee.
The information in the bill of lading is critical as it directs the actions of personnel all
along the route of the shipment - where it's going, the piece count, how it's billed,
and how it's to be handled on the dock and trailers. It could be on a prepaid or
collect basis.
The consignee has to check whether the shipment is collect on delivery which means
that the driver will collect the cost of the merchandise on delivery of the freight
A shipping bill has various forms which are differentiated by colour. The colour
schemes denote the following:
Bill Of Entry
A declaration by an importer or exporter of the exact nature, precise quantity and
value of goods that have landed or are being shipped out. Prepared by a qualified
customs clerk or broker, it is examined by customs authorities for its accuracy and
conformity with the tariff and regulations. See also customs entry.
Essential Services:
(a) Transportation of goods to docks and arrangement of warehousing at port.
(c) Booking of shipping space or air freighting and advice on relative cost of sending
goods by sea and air.
Desirable Services:
(a) Storage facilities abroad, at least in major international markets, to warehouse the
goods in case importer refuses to take delivery on any account.
(b) Can trace the goods, if shipment goes astray, through his international
connections.
6. Freight Forwarding
A freight forwarder, forwarder, or forwarding agent, also known as a non-vessel
operating common carrier (NVOCC), is a person or company that organizes
shipments for individuals or corporations to get goods from the manufacturer or
producer to a market, customer or final point of distribution.[1]Forwarders contract
with a carrier or often multiple carriers to move the goods. A forwarder does not
move the goods but acts as an expert in the logistics network. These carriers can use
a variety of shipping modes, including ships, airplanes, trucks, and railroads, and
often do utilize multiple modes for a single shipment. For example, the freight
forwarder may arrange to have cargo moved from a plant to an airport by truck,
flown to the destination city, then moved from the airport to a customer's building
by another truck.
International freight forwarders typically handle international shipments and have
additional expertise in preparing and processing customs documentation and
performing activities pertaining to international shipments.
Inland Haulage
Ensuring timely delivery from factory to port at fixed rates
throughout the year.
Warehouse
Monco Logistics owns bonded warehouse spread across 55,000
sq. ft. area with 45,000 sq. ft. warehousing area.
Sea Freight
World class Sea-Freight services to ensure cost-effective and
hassle-free transport of goods.
The company's Freight services provide efficient equipment utilization with secured bonded area
wherein no record of pilferage, theft or damage has been reported. Besides specializing in following
stuffing SOP: Item, Color, Assortment, Size, Pallet wise stuffing as instructed by the consignee,
pictures are also taken at various stages of stuffing for complete visibility.
Also The Air Freight services provide guaranteed uplift at guaranteed rates. With first privately
owned bonded warehouse, we ensure zero damage to the merchandise and fastest
acceptance/shipment process as well as ensure quick stock replenishment. We are proud to own top
charter flight operation out of DAC.
Conclusion
This summer internship helps to learn more about logistics , especially about
Customs house agency’s duties. A Customs house agency is required to clear goods
for import or export only against specific authorization from the principal and must
produce it whenever required by the Deputy/Assistant Commissioner. Also CHA's
duty is to prepare Bill of entry and Shipping bill and also we do Procedures for
assessment and payment of duty , after that we helps clearance of goods from
Customs freight station. In CHA we also do the conversion of currency from foreign
shippers. It was a great experience working in a professional logistics company like
Monco logistics. Several parties and functions helps to socialize with lot of people in
logistics field.
But also the drawback is Chennai office's infrastructure is not good as Cochin’s
office and also the workers in Chennai warehouse has not have much experience.
Monco logistics offers a good platform to beginners to expertise in this field.
Bibliography