An FOB shipment is a type of shipping arrangement in which goods are delivered to a designated location and the buyer assumes responsibility for the transportation costs. FOB stands for “free on board.” This type of shipping is often used when exporting goods from one country to another.
Category: Trade Guide
A container freight station (CFS) is a facility where cargo containers are loaded and unloaded. These stations are usually located near ports or railheads. CFSs are used to store, maintain, and distribute containers. They often have cranes and other equipment to move containers around. Container freight stations play an important role in the global economy by facilitating the movement of goods around the world.
Deadweight is a measurement of a ship’s maximum capacity and is described as the utmost deadweight of the vessel. The estimation does not include the ship’s weight and instead considers the load of the freight on board, fuel, ballast water, fresh water, personnel, and staff food.
Many factors in logistics determine the quality of performance and reliability of this industry. The fact is that whoever is waiting for cargo to reach the final destination has many concerns about their goods. No matter if you own the cargo or you are just managing them. You need to know exactly where your cargo is and what was the last status of your shipments.
This is a typical misunderstanding among traders regarding the distinction between the port of delivery and the port of discharge. Is there a distinction between the port of discharge and the delivery location? Is the location of delivery the same as the port of discharge?
When you transport your goods from one country to another, there is a fee you should pay for the whole transportation process. This is called Freight Charge or freight rate. So the shipper pays the money to the carrier. This fee changes for each shipment and depends on many different factors.
The subject of Marine Insurance is vast and encompassing; that is why there is a long list of different types of marine insurance and insurance policies. An acceptable sort or type of maritime insurance may be modified and picked to be adopted based on the needs and requirements of the carrier. Why Marine Insurance? Any form of insurance is intended to reduce risks in the case of unlucky occurrences like accidents, harm to property and the environment, or fatalities. The risks are higher when it comes to ships since all elements are at play, such as the chance of losing...