Articles

Aitken Spence Cargo achieves ISO 14001:2004 Certification

Aitken Spence Cargo, the Freight Forwarding arm of Aitken Spence PLC was recently awarded ISO 14001: 2004 Environmental Management Systems Certification.

Managing Director Rohantha Peiris stated that Aitken Spence Cargo is honoured to be among the first in the industry to achieve this prestigious certification demonstrating commitment to environmentally friendly practices, at a recent ceremony where the certificates were presented to Aitken Spence Cargo by Det Norske Veritas (DNV).

“We are happy that Aitken Spence Cargo being the pioneer International Freight Forwarding company in Sri Lanka is one of the pioneers in the industry to achieve ISO 14001 certification” stated General Manager Nishan Jayawardena - Management Representative (M.R.)-Environmental & Quality Management Systems (EMS & QMS) and Dhilmini Palipane- Deputy M.R., Assistant Manager HR, Service Quality & Corporate Sustainability.

Aitken Spence Cargo pioneered international freight forwarding in Sri Lanka and with over 200 staff continues to be a leader in providing integrated logistics solutions, including air and ocean freight forwarding, packing, warehousing, removals, relocations, custom brokerage, international air cargo carriage services, supply chain and logistic management services.

With Aitken Spence Cargo’s Quality Management System certified to ISO 9001: 2008, the Environmental Management System certification to ISO 14001: 2004 places Aitken Spence Cargo among the leading companies in Sri Lanka to have both certifications and further strengthens the company’s integrated management systems in providing total logistics solutions.

Dr. Rohan Fernando-Director Aitken Spence PLC and Head of Corporate Sustainability stated "In driving reliable growth which benefits all our stakeholders, Aitken Spence keenly attempts to manage its impact on the environment in a scientific and systematic way, with almost 50 functional environmental management systems benchmarked under ISO 14001 across the Group. ‘Green logistics’ is becoming a prerequisite mandated by customers and other stakeholders for logistics businesses to be conducted in an environmentally sustainable manner and we commend Aitken Spence Cargo for being pioneers in this endeavour taking the decisive step to ISO 14001 certification. Aitken Spence Cargo is a key champion of driving sustainable business in the Group. We are pleased to note that Sri Lanka's pioneer in the freight forwarding industry is leading the industry in integrating a sustainable business model that will no doubt contribute to the sustainable development of the country."
 

Aitken Spence cargo being the pioneer Freight Forwarders in Sri LankaSpence in trailblazing entry into 'Incredible India'

Having recently invested over Rs 2 b in Lankan tourism business, diversified blue chip expands leisure portfolio with management and joint venture of hotels in New Delhi, Kerala and Madurai; Gets fourth Maldivian resort, Draws Ramada brand to Golden Sun; New $ 20 m resort with world famous Six Senses on course

After being the first Lankan firm to venture into Maldives in tourism and having recently completed investment of over Rs. 2 billion in its domestic hotels, the diversified blue chip Aitken Spence is creating history once again in a trailblazing entry into the giant Indian leisure market.

Aitken Spence Managing Director Rajan Britto told the Daily FT yesterday that the pioneering initiative to the neighbouring giant India's leisure industry was part of the Company's well planned expansion of its tourism portfolio.

"Our confidence in and commitment to Sri Lanka has been further cemented with over Rs. 2 billion investment in key upgrades to Kandalama and Triton Ahungalle (now Heritance Ahungalle). Several more major investments are on course to consolidate our position. The entry into India is part of the strategy to tap the neighbour's massive tourism potential," he said.

India's tourism industry is booming, especially after its highly successful global campaign "Incredible India."

Mr. Britto said that, in entering India, Spence was taking the management route capitalizing on the Company's world class and proven expertise and Sri Lanka’s rich human resources. "What has made Spence hotels different to the rest are the human resources and our management excellence. We will take this into India and especially the top level positions will be Sri Lankans," he said adding that Spence always believes in working with proven joint venture partners. The management deals worked out include on percentage of turnover and operating profits.

The Company has signed a MOU with family owned real estate entity Anant Raj Industries Ltd., to manage a brand new 5 star medium size hotel in New Delhi. This hotel is under construction and scheduled to open in December 2006. With extensive banquet and meeting facilities this hotel could cater to 1,500 to 2,000 people at any given time. The number of rooms is to be increased to 150 next year.

A second similar hotel that is under construction is to be opened by October next year will be managed by Aitken Spence Hotel Management.

Being the capital of India, New Delhi is a popular MICE destination while come 2010 it will play host of the Asian Games.

Perhaps best reflecting Spence's true innovative spirit would be the project in Kerala where it has entered into a joint venture with Floatels India Ltd., to build a first of its kind luxury resort with floating villas and spa. The joint venture has finalized the purchase of a 15 acre land on an island in the backwaters of Kerala, overlooking a vast span of water.Aitken Spence Hotels Managing Director Malin Hapugoda said that the Kerala resort, which will be designed by Lankan architects, will be the first "Heritance" brand hotel in India and this too would be managed by Aitken Spence. This will be ready by 2008.

In Madurai, the Company has finalized an agreement to manage a unique garden resort with 80 luxury rooms that will be renovated. Madurai is on the cultural route of Tamil Nadu. The resort will also offer banquet and meeting facilities. "Two other projects in India are under negotiation," Mr. Hapugoda said.

Aitken Spence is also further expanding in the Maldives, which it entered in 1993. With Lankan tourism still performing below its potential, the popular Maldives has helped revenue streams for Spence. It has acquired the fourth resort Huduran Fushi which will be ready by November, 2006 after refurbishment. This resort, which is only 20 minutes Male, will have 150 rooms thereby increasing Spence’s room strength to 600.

"Revenues from the new Maldives property as well as the first hotel in New Delhi will start flowing from the 2007/8 financial year," Mr. Britto said.

The Company is also consolidating its position in the Sri Lankan leisure industry.

"We have invested over Rs. 2 billion in extensive renovation of Triton Ahungalle (US4 12 million) as well as Kandalama (US$ 6 million). We will continue to have faith in destination Sri Lanka, the fuller potential of which however is yet untapped due to the elusive peace in the country," Mr. Britto said.A significant development is the luring of Ramada International, which has agreed to brand Golden Sun at Kalutara as a "Ramada Resort." This is a franchise agreement and the hotel will continue to be managed by Aitken Spence," Mr. Hapugoda explained.

Spence has acquired 51% stake in the owning company of Golden Sun which co-owned by a Singapore company. The 100-room Kalutara resort has got a facelift following the Rs. 220 million refurbishment.

Perhaps after Kandalama, Spence's most exciting project would be the US$ 20 million Evason Hideway Resort in Ahungalle in a 50:50 joint venture with world famous Six Senses. The latter has already set up an up market spa at Kandalama.

The new resort, work on which will commence in three months, will be ready by 2008.

"Attracting Six Senses to Sri Lanka is a major breakthrough for the country and it will lift Sri Lanka's tourism profile globally. Six Senses will now begin to market Sri Lanka extensively through its global operators as well as directly," Mr. Hapugoda said. Six Senses re

Aitken Spence Overseas Travels now in Kandy, Kurunegala, Matara and Ratnapura

Aitken Spence Overseas Travels is expanding its current operations to Matara, Kurunegala, Kandy and Ratnapura. The expansion thus introduces services such as flight reservations and ticket issuance, hotel accommodation, visa services, traveler’s cheques and currency, travel insurance, airport transfers, tour packages and delivery of travel documents to a wider regional population.

The outbound travel arm of the leading diversified conglomerate is currently functioning two branch offices in Jaffna and Wellawatte.

In addition to offering a special selection of holiday ideas and programs on destinations across the world, the company provides the option of selecting from their pre-packaged deals or designing a tailor-made itinerary to suit one’s individual needs.

“These regional commercial centres are home to a considerable number of small and medium scale businesses which are increasingly international in their outlook. We expect demand from the business as well as the leisure traveler” stated Sasi Ganeshan, Managing Director.

Outlining what the newly established corporate identity in line with the Aitken Spence Group’s rebranding exercise, Mr. Ganeshan commented:

“Corporate offerings have been designed to reach beyond the boundaries of a mere supplier, to that of a travel consultant who will walk that extra mile and a half to achieve customer satisfaction.”

General Manager of Aitken Spence Overseas Travels Mr. Nishantha Seneviratne pointed out:
“All holidays are planned by well-trained consultants, who have extensive knowledge and experience on a variety of countries, personally visited by them. The close relationship shared with major airlines, reputed tour operators and hotel suppliers has enabled the company to offer a tremendous selection of tour options at reasonable prices.”

Aitken Spence Overseas Travels recently bagged the award for highest revenue growth from Cathay Pacific. Overseas Travels also possess the General Sales Agency (GSA) for Tradewinds, a member of Singapore Airlines and provider of hotel accommodation, tours and travels to destinations of your choice. In addition, the company is the general sales agent for Rail Europe, a rail network that covers 22 countries in Europe.

Train travel offers many benefits such as flexibility of unlimited stopovers, choice of routes and departure times, geographical diversity, save on night accommodation - overnight trains, travel to virtually every corner of Europe in comfort, it operates all year round and provides absolute value for money.

Incoterms

 

EXW {+ the named place}

    Ex Works
    Ex means from. Works means factory, mill or warehouse, which is the seller's premises. EXW applies to goods available only at the seller's premises. Buyer is responsible for loading the goods on truck or container at the seller's premises, and for the subsequent costs and risks. In practice, it is not uncommon that the seller loads the goods on truck or container at the seller's premises without charging loading fee.

In the quotation, indicate the named place (seller's premises) after the acronym EXW, for example EXW Kobe and EXW San Antonio.

The term EXW is commonly used between the manufacturer (seller) and export-trader (buyer), and the export-trader resells on other trade terms to the foreign buyers. Some manufacturers may use the term Ex Factory, which means the same as Ex Works.
     

 

FCA {+ the named point of departure}

    Free Carrier
    The delivery of goods on truck, rail car or container at the specified point (depot) of departure, which is usually the seller's premises, or a named railroad station or a named cargo terminal or into the custody of the carrier, at seller's expense. The point (depot) at origin may or may not be a customs clearance center. Buyer is responsible for the main carriage/freight, cargo insurance and other costs and risks.

In the air shipment, technically speaking, goods placed in the custody of an air carrier is considered as delivery on board the plane. In practice, many importers and exporters still use the term FOB in the air shipment.

The term FCA is also used in the RO/RO (roll on/roll off) services.

In the export quotation, indicate the point of departure (loading) after the acronym FCA, for example FCA Hong Kong and FCA Seattle.

Some manufacturers may use the former terms FOT (Free On Truck) and FOR (Free On Rail) in selling to export-traders.
     

 

FAS {+ the named port of origin}

    Free Alongside Ship
    Goods are placed in the dock shed or at the side of the ship, on the dock or lighter, within reach of its loading equipment so that they can be loaded aboard the ship, at seller's expense. Buyer is responsible for the loading fee, main carriage/freight, cargo insurance, and other costs and risks. In the export quotation, indicate the port of origin (loading) after the acronym FAS, for example FAS New York and FAS Bremen. The FAS term is popular in the break-bulk shipments and with the importing countries using their own vessels.
     

 

FOB {+ the named port of origin}

    Free On Board
    The delivery of goods on board the vessel at the named port of origin (loading), at seller's expense. Buyer is responsible for the main carriage/freight, cargo insurance and other costs and risks. In the export quotation, indicate the port of origin (loading) after the acronym FOB, for example FOB Vancouver and FOB Shanghai. Under the rules of the INCOTERMS 1990, the term FOB is used for ocean freight only. However, in practice, many importers and exporters still use the term FOB in the air freight. In North America, the term FOB has other applications. Many buyers and sellers in Canada and the U.S.A. dealing on the open account and consignment basis are accustomed to using the shipping terms FOB Origin and FOB Destination. FOB Origin means the buyer is responsible for the freight and other costs and risks. FOB Destination means the seller is responsible for the freight and other costs and risks until the goods are delivered to the buyer's premises, which may include the import customs clearance and payment of import customs duties and taxes at the buyer's country, depending on the agreement between the buyer and seller. In international trade, avoid using the shipping terms FOB Origin and FOB Destination, which are not part of the INCOTERMS (International Commercial Terms).
     

 

CFR {+ the named port of destination}

    Cost and Freight
    The delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the cargo insurance and other costs and risks. The term CFR was formerly written as C&F. Many importers and exporters worldwide still use the term C&F.

In the export quotation, indicate the port of destination (discharge) after the acronym CFR, for example CFR Karachi and CFR Alexandria.

Under the rules of the INCOTERMS 1990, the term Cost and Freight is used for ocean freight only. However, in practice, the term Cost and Freight (C&F) is still commonly used in the air freight.
     

 

CIF {+ the named port of destination}

    Cost, Insurance and Freight
    The cargo insurance and delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the import customs clearance and other costs and risks. In the export quotation, indicate the port of destination (discharge) after the acronym CIF, for example CIF Pusan and CIF Singapore. Under the rules of the INCOTERMS 1990, the term CIF is used for ocean freight only. However, in practice, many importers and exporters still use the term CIF in the air freight.
     

 

CPT {+ the named place of destination}

    Carriage Paid To
    The delivery of goods to the named place of destination (discharge) at seller's expense. Buyer assumes the cargo insurance, import customs clearance, payment of customs duties and taxes, and other costs and risks. In the export quotation, indicate the place of destination (discharge) after the acronym CPT, for example CPT Los Angeles and CPT Osaka.
     

 

CIP {+ the named place of destination}

    Carriage and Insurance Paid To
    The delivery of goods and the cargo insurance to the named place of destination (discharge) at seller's expense. Buyer assumes the import customs clearance, payment of customs duties and taxes, and other costs and risks. In the export quotation, indicate the place of destination (discharge) after the acronym CIP, for example CIP Paris and CIP Athens.
     

 

DAF {+ the named point at frontier}

    Delivered At Frontier
    The delivery of goods to the specified point at the frontier at seller's expense. Buyer is responsible for the import customs clearance, payment of customs duties and taxes, and other costs and risks. In the export quotation, indicate the point at frontier (discharge) after the acronym DAF, for example DAF Buffalo and DAF Welland.
     

 

DES {+ the named port of destination}

    Delivered Ex Ship
    The delivery of goods on board the vessel at the named port of destination (discharge), at seller's expense. Buyer assumes the unloading fee, import customs clearance, payment of customs duties and taxes, cargo insurance, and other costs and risks. In the export quotation, indicate the port of destination (discharge) after the acronym DES, for example DES Helsinki and DES Stockholm.
     

 

DEQ {+ the named port of destination}

    Delivered Ex Quay
    The delivery of goods to the quay (the port) at destination at seller's expense. Seller is responsible for the import customs clearance and payment of customs duties and taxes at the buyer's end. Buyer assumes the cargo insurance and other costs and risks. In the export quotation, indicate the port of destination (discharge) after the acronym DEQ, for example DEQ Libreville and DEQ Maputo.
     

 

DDU {+ the named point of destination}

    Delivered Duty Unpaid
    The delivery of goods and the cargo insurance to the final point at destination, which is often the project site or buyer's premises, at seller's expense. Buyer assumes the import customs clearance and payment of customs duties and taxes. The seller may opt not to insure the goods at his/her own risks. In the export quotation, indicate the point of destination (discharge) after the acronym DDU, for example DDU La Paz and DDU Ndjamena.
     

 

DDP {+ the named point of destination}

    Delivered Duty Paid
    The seller is responsible for most of the expenses, which include the cargo insurance, import customs clearance, and payment of customs duties and taxes at the buyer's end, and the delivery of goods to the final point at destination, which is often the project site or buyer's premises. The seller may opt not to insure the goods at his/her own risks. In the export quotation, indicate the point of destination (discharge) after the acronym DDP, for example DDP Bujumbura and DDP Mbabane

About Us

The pioneer freight forwarder in Sri Lanka, Aitken Spence Cargo was incorporated in 1980 and is one of the leaders in the industry today. Providing a total integrated solution in logistics we offer Air Freight, Sea Freight, Brokerage and Supply Chain solutions, operating through a worldwide network of agents. Extending our regional presence, our operational hubs include Bangladesh, The Maldives and Pakistan.

We cater to diverse logistic needs from the simple to the complex, we at Aitken Spence Cargo have a solution to meet your logistic requirements, perfectly.

Aitken Spence PLC

Web  - www.aitkenspence.com

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+94 (0)11 230 8330
cargo.info@aitkenspence.lk

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