What is the role of a Freight Forwarder?

A Freight Forwarder is a form that represents shippers by arranging transport and completing documentation required for international shipping. Some freight forwarders also act as cargo consolidators. Across the Ocean Shipping handles all forms of transportation on behalf of its customers, and in many cases provides 4PL turnkey supply chain solutions.

What does the term Break Bulk (BB) mean in the freight world?

This refers to the disassembling of consolidated shipments for delivery or reconsignment of a shipment.

What is a Bonded Warehouse?

A warehouse, section of a warehouse, or secured area designated by the Customs as a bonded warehouse. It is a temporary storage area for goods until duties are paid or otherwise properly released and the cleared from the Customs.

What is referred to as Bulk Freight?

Freight that is loosely stored i.e. not in packages or containers, shipped loose in the hold of the ship. Grain, coal and sulfur are usually bulk freight.

What is a Consignee?

In short the consignee is the receiver of a targeted shipment.

What are the properties of a Shipping Container?

Shipping containers typically comprise a single rigid, sealed, reusable metal box designed to transport cargo of many types in continuous transportation. Most ocean going shipping vessels can accommodate 20′ and 40′ length ocean containers for below deck storage and any size above deck. Containers may be ventilated (Reefers), insulated, flat rack (open sided), reefer (refrigerated), vehicle rack, or open top.

What is Demurrage in the freight business?

Demurrage refers to a penalty charge levied against shippers or receivers for delaying a given carriers equipment beyond its allotted time.

What do we mean by FCL?

FCL simply means full container load.

What is the meaning of FOB?

FOB or Free on Board is an international term of sale. The goods are placed on board a ship by the seller at a port of shipment named in the sales contract. The risk of loss or damage to the goods is transferred from the seller to the buyer when the goods pass the ship’s rail.

How do we define Intermodal Freight?

Intermodal means interlinking freight services and generally refers to the interoperability of modes of transport in a supply chain. Such as moving a specific container type from ship to train to road.

What does the term LCL refer to?

LCL or Less than a Container Load means just that. The shipper in question here is sharing a container with other customer goods in transit.

What is a Letter of Credit (LC)?

Financial document issued by a bank at the request of the consignee guaranteeing payment to the shipper for cargo if certain terms and conditions are fulfilled. Normally it contains a brief description of the goods, documents required, a shipping date, and an expiration date after which payment will no longer be made. ( Formal term: Documentary credit or documentary letter of credit).

What is an NVOCC?

A non vessel operating common carrier is one that offers the same services as an ocean carrier, but which does not own or operate a vessel. NVOCCs usually act as consolidators, accepting small shipments (LCL) and consolidating them into full container loads. They then act as a shipper, tendering the containers to ocean common carriers. Also known under deregulation as an Ocean Transportation Intermediary (OTI).

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