Every container owner, importer, exporter or freight forwarder needs to track their sea freight shipment. Tracking shipments help the logistics manager to know about the prior status of the containers, the exact location on the ocean, and the estimated time of departure and arrival (ETD and ETA). Sea freight shipment tracking is time-consuming for every importer, exporter, freight forwarder and container owner.
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.
With its corporate headquarters in Honolulu, Hawaii, Matson, Inc. is a U.S.-based provider of transport services. The ticker for the corporation is “MATX” on the New York Stock Exchange.
Carriage and Insurance Paid To (CIP Incoterms) means that the seller delivers the goods to the carrier at an agreed place (if any such place is agreed between the parties). The seller must contract and pay the costs of carriage to bring the goods to the named place of destination. The seller contracts for insurance cover against the buyer’s risk of loss or damage to the goods during the carriage. It is highly recommended to read the post about CPT Incoterms on Shipup Blog in addition to current post. 1. Who is responsible for Contacting the carriage and Insurance in...
Free On Board (FOB) as a most frequently used Incoterms globally, is only applied to sea and waterway shipments. In plain English FOB means, the seller will be free of costs and risks of shipment by loading the goods on board of the nominated vessel. In other words, once the shipment is loaded on board, all liability and responsibility transfers to the buyer. 1. Which party is obliged to pay the local charges (THC, BL fee, …) in Free On Board (FOB)? – All the charges in origin is for the account of the seller. So the seller must pay...
Free Carrier (FCA) means that the seller delivers the goods at its own premises or another named place to the buyer or carrier or any other person nominated by the buyer. This delivery place is in the seller country and usually its premises. So a difference between this term and Ex Works (EXW) is the export formalities that in FCA is for the account of the seller with all costs and risks. 1. What is the main differences between Free Carrier (FCA) and Ex Works (EXW)? – There are two main differences. The first one is that in FCA the...
