A freight forwarder is an agent who handles your cargo on your behalf. However, the freight forwarder (often shorted to forwarder) is not the same as the carrier, who is physically handling your cargo. The value a freight forward brings … Read More
If a cargo ship’s master voluntarily sacrifices the cargo, equipment or funds from the ship to save the voyage, then all parties involved in the venture (including all cargo owners) are required to make a proportional contribution to cover the … Read More
The deliberate sacrifice of cargo to make the vessel safe for the remaining cargo. Those sharing in the spared cargo proportionately cover the loss.
U.S. Customs issues a General Order when a cargo or container goes unclaimed for a period of time.
Entire weight of goods, packaging, and container. Generally, 80,000 pounds maximum container, cargo, and tractor for highway transport. See VGM for clear understanding.
The Harmonized Commodity Description and Coding System (or Harmonized System, HS) is a system for classifying goods in international trade. Exporters must provide the 6-Digit Harmonized System (HS) codes for your commodity descriptions before cargo pickup (else carrier penalties). For codes go … Read More
The House BL (HBL) is issued by the NVOCC (Non vessel operating common carrier). This BL will often be released in conjunction with the Master BL (MBL) because it can serve different purposes. In addition to representing the contract between … Read More
A document issued by a national government authorizing the importation of certain goods into its territory.
There is “customs value”, which is the value presented to customs of the destination country. Customs always needs to have some sort of “invoice” or declaration of value for cargoes entering their country. We cannot say $0.00 and say it … Read More
Incoterms provide a common set of rules to clarify who is responsible for what and when under sales contracts. Incoterms significantly reduce misunderstandings among seller and buyer. Below is a list of the more common terms. This list is meant to give you an … Read More
Since little out of pocket cash was paid out for these commodities, the exporter normally sets the insurance value to cover such expenses (like ocean freight, cargo handling, procurement, service fees, etc.). These expenses are rarely precise, and the exporter … Read More
An LCL shipment, as the name implies, is anything smaller than a full container load. Generally, this is referring to ocean-going cargo. If you do not have a full container’s worth, LCL can be a viable option. Most of the … Read More
A lift gate is an attachment on some smaller trucks. It helps lift the cargo from the ground to the truck bed. For LCL shipments, the price is often comparable; however, not all trucks have them so you need to … Read More
Correction made to the Bill of lading (BL) once the cargo has sailed and the carrier has issued a BL. This manifest corrector is sent to the shipping lines agents at the port of discharge who will submit the corrector details to … Read More
The carrier may release their BL in four different ways. Sometimes there is no choice as the country stipulates the release method. Original. Here the BL acts like a bank check. The consignee or notify party must sign the back … Read More