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About Export Transportation and Shipment "freight cost are computed by shipping company based on both weight and cubic size and charges the higher cost"
Ocean Shipping In shipping your goods by sea, you can choose from different types of ocean shipping: Conference lines charges two different shipping rates for the goods carried. The lower rate is available to exporters who sign an exclusive patronage contract whereby they agree to use only the conference line ships for their goods on the routes served by the conference lines. |
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Exporters who have not signed such a contract can still ship by conference
line ships but at a higher freight rate. A conference is a group of shipping companies that have agreed amongst themselves to levy the same freight rates and to observe the same shipping conditions (e.g. liability for damage to the exporter's goods).
Such conference lines
operate on all the observed regular shipping schedules, an important consideration for the exporter who needs to be able to quote reliable shipping and delivery dates.
2.Non-conference lines They have their own individual freight rates - as much as 10 per cent lower than the conference ones. Bookings are accepted from any shipper so long as space is available. No exclusive patronage contracts are required.
3. Tramp Lines 4. National or Flag Lines
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Page 6/7 About Freight Forwarding. What is Freight Forwarding?
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5. Steamship Agent This person is employed by a shipping company to arrange for the berthing and clearance of vessels, including Customs formalities, loading and unloading of cargo, preparation of bills of lading, the booking of shipping space, etc. Such a person acts as an intermediary between the shipping companies on the one hand and the exporters on the other. He helps arrange "charters" or booking for tramp vessels and advises ship owner on competitive rates. The freight rates most commonly charged by the steamship lines are both conference and non-conference is known as line terms. Which includes the cost of carrying the goods from one port to another but also the cost of loading the goods on to the ship in the port of shipment and unloading them at the foreign port. As well as any harbor charges that the ship may incur. However, the freight rate does not include certain terminal charges that may be levied by the harbor authorities against the cargo. Another type of freight rate that may be charged is free in and out (FIO) Here the exporter pays for the transporting of the goods as well as pay for the stevedoring i.e., the loading and unloading of the goods which must be completed within a certain time, otherwise, penalties, called demurrage, will be levied. With both types of freight rates, the shore-based costs of loading and unloading the cargo represent a substantial part of the ocean transportation costs. In recent times, the growing use of containers has helped reduce this cost, as well as the pilferage that sometimes takes place with traditional forms of cargo loading and unloading.
Freight cost are computed by the shipping company based on both weight and cubic size and charges the higher cost. The freight charge are usually quoted at so many "$" per tone, by weight or measure, whichever is greater.
A short ton is 2,000 pounds; a long ton, 2,240 pounds; a metric ton, 2,204.68 pounds. Space measurement is usually 40 cubic feet or one cubic meter. Page 1/7 Flag Preference, Freight Forwarder and Alternative Shipping Methods This Page 2/7 Ocean Shipping Methods. "freight cost are computed by shipping company based on both weight and cubic size and charges ". Next Page 3/7 Ocean Shipping Procedure, Freight Surcharges & Stowage ...depending on the circumstances, shipping companies may levy one or more charges. Page 4/7 "you can still obtain a 'clean bill of lading' by signing a letter of indemnity". Page 5/7 Transportation Strategy "airfreight charges; airlines uses the "cube rule" namely every 194 cubic inches of is considered equivalent to one pound". Page 6/7 About Freight Forwarding. What is Freight Forwarding? Page 7/7 About The Freight Forwarder |
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