A bill of lading (sometimes abbreviated as B/L or BoL) is a document issued by a carrier which details a shipment of merchandise and gives title of that shipment to a specified party. Bills of lading are one of three important documents used in international trade to help guarantee that exporters receive payment and importers receive merchandise. A straight bill of lading is used when payment has been made in advance of shipment and requires a carrier to deliver the merchandise to the appropriate party. An order bill of lading is used when shipping merchandise prior to payment, requiring a carrier to deliver the merchandise to the importer, and at the endorsement of the exporter the carrier may transfer title to the importer. Endorsed order bills of lading can be traded as a security or serve as collateral against debt obligations.
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Originally posted on July 1, 2015 @ 2:36 pm
An air waybill (AWB) or air consignment note is a receipt issued by an international airline for goods and an evidence of the contract of carriage, but it is not a document of title to the goods. Hence, the air waybill is non-negotiable.
The air waybill is the most important document issued by a carrier either directly or through its authorised agent. It is a non-negotiable transport document. It covers transport of cargo from airport to airport. By accepting a shipment an IATA cargo agent is acting on behalf of the carrier whose air waybill is issued.
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Originally posted on July 1, 2015 @ 11:44 am
A freight forwarder, forwarder, or forwarding agent, also known as a non-vessel operating common carrier (NVOCC), is a person or company that organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution. Forwarders contract with a carrier to move the goods. A forwarder does not move the goods but acts as an expert in the logistics network. A forwarder contracts with carriers to move cargo ranging from raw agricultural products to manufactured goods. Freight can be booked on a variety of shipping providers, including ships, airplanes, trucks, and railroads. It is not unusual for a single shipment to move on multiple carrier types. International freight forwarders typically handle international shipments. International freight forwarders have additional expertise in preparing and processing customs and other documentation and performing activities pertaining to international shipments.
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Originally posted on July 1, 2015 @ 11:12 am
Full Container Load (FCL), as the name implies, is the standard form of shipping freight for those who have a large amount of goods to send.
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Originally posted on June 30, 2015 @ 8:59 am
Less than container load (LCL) is a shipment that is not large enough to fill a standard cargo container.
The abbreviation LCL formerly applied to “Less than (railway) Car Load” for quantities of material from different shippers or for delivery to different destinations which might be carried in a single railway car for efficiency.
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Originally posted on June 15, 2015 @ 2:34 pm
The vast majority of people may still not be aware of Ragulated Agent at Soekarno-Hatta Airport or at other International airports, especially in cargo companies. Even probably still many who do not know the definition of the Regulated Agent itself.
Regulated Agent is an Indonesian legal entity conducting business with an air transport business entity for security inspection of cargo and postal items obtained from the Directorate General of Air Aviation.
The meaning is the existence of agents other than Angkasa Pura who conduct security checks on cargo of goods and letters that enter into the plane and get operational legality by the Ministry of Transportation. In this case especially for Flight Safety (KESPEN) in order not to carry goods or cargo that could endanger the safety of flight.
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When it comes to destination charges and other components of freight forwarding and shipping invoices we understand that many questions arise. Why does the setup of invoices vary so drastically between different Indonesian freight forwarding companies? Why are there different charges and costs with different freight forwarders? Are destination charges negotiable? And how much are actual destination charges?
Read on to learn about destination charges in the freight forwarding industry, what they mean and why they seem to vary between different freight forwarders in Indonesia.
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Export Declaration of Goods (PEB) is a document that must be made by the exporter when going to export goods, it is based on Regulation of the Minister of Finance no. 155 / PMK.04 / 2008 concerning Customs Notices. The philosophy of this document is that any goods left or entered from or into the territory of the Indonesian republic shall be notified to the state in this case “represented” by Customs.
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A certificate of origin (often abbreviated to C/O or CoO) is a document used in international trade. In a printed form or as an electronic document, it is completed by the exporter and certified by a recognized issuing body, attesting that the goods in a particular export shipment have been produced, manufactured or processed in a particular country. A “Certificate of Origin” is also called a “Form A”
The first certificate of origin was issued by the Marseille Province Chamber of Commerce at the end of the 19th century. The formalization in the role of chambers of commerce as issuing agencies for certificates of origin (CO) can be traced back to the 1923 Geneva Convention relating to the Simplification of Customs Formalities (Article 11) and has been reinforced with the updated Kyoto Convention.
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Customs broking or customs brokerage is a profession that involves the “clearing” of goods through customs barriers for importers and exporters (usually businesses). This involves the preparation of documents and/or electronic submissions, the calculation and payment of taxes, duties and excises, and facilitating communication between government authorities and importers and exporters.
Custom brokers may be employed by or affiliated with freight forwarders, independent businesses, or shipping lines, importers, exporters, trade authorities, and customs brokerage firms.
Customs brokers help importers and exporters understand and meet the rules and regulations put in place by the federal government with regard to the trade industry. They educate clients about customs regulations, international tariffs, shipping restrictions, and insurance requirements.
Other duties often include guiding goods through customs, preparing and submitting documents, determining tariff and duty payments, tracking shipments, and using the tariff coding system to classify shipments. Customs brokers might work as independent contractors and at airports, as well as within transportation, freight, and other companies that transport products internationally.