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LCL- Less Than Container Load
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A Bill of Lading (BOL) is a form that details the journey of a shipment. It identifies the commodity, serves as a receipt, and functions as a legally binding contract between the carrier and shipper.
FCL - Full Container Load is a standard set by the ISO (International Organisation for Standardisation) which refers to one 20 or 40ft container filled with cargo. A shipper uses up the space of the entire container.
LCL - Less than Container Load refers to a shipment that doesn't fill one 20 or 40ft standard container. In the case of LCL, several shippers load their cargo into a single container. While LCL is the cheaper option for small shipments, it costs more money per unit of freight as compared to FCL.
Majority of businesses across the globe rely on the ocean for moving their goods internationally. Ocean shipment is known to be a cheaper option as compared to air shipment. Here is a list of some of the factors that determine or influence the ocean freight rates:
* The ability of the shipper to negotiate rates with the freight forwarder/carrier
* Bunker fluctuations
* Seasons
* Service charges levied by the stakeholders involved
* Fluctuations in currency
* Costs involved in handling and clearing goods at the port of loading and port of destination.
A freight class is based on four factors-
* The density of the shipment (weight per cubic foot)
* Freight to ability (width and length based)
* Ease of handling (effort required in transporting)
* Liability (liability to break, damage, or perish)
Ocean freight reduces your supply chain costs significantly. Imagine a 10X saving in shipment cost. All it takes to leverage this is to have a coordinated supply chain with your vendors and clients. Co-operate to save big!
The number of goods being transported measures the cost of an air charter service. However, the existence of physical means (transport) along your ideal path has a considerable effect. Moving goods from China, for example, is much less expensive than transporting them there. It is because shipowners are in high demand to carry freight from China to Europe, although doing so is more complicated.
The Air Waybill (AWB) is the title document for commodities travelling by air and is a non-negotiable, Commercial invoice. A packing list is a list of the contents of a box that completes the details on the invoice that the sender must issue, Authorization for customs clearance.
If you use a delivery service, the items would be viewed as a mail shipment rather than freight. It is an excellent choice for thin, light packets that need to get somewhere quickly. However, courier firms do not have an integrated logistics operation that includes customs clearance, which may result in delays or surcharges.
The Procedure is on a general layer divided into two stages-Arrival of goods and methods before lodgement of goods and the Procedure for clearance of Imported Goods. Both stages have a lot of paperwork involved.
It is subjective. For Eg, If the shipment is from port to port, a single mode of transport might be more efficient given the simplicity. However, multimodal transportation will help us optimise multiple variables like cost and time at once.
The term BULK refers to dry cargoes such as iron ore, grain, coal, alumina, and phosphorus that are transported in bulk and loaded directly in the holds of the BREAK BULK refers to transactions in which cargoes are transported in unitized form, such as palletized, bagged, strapped, wrapped, drummed, and crated, as well as non-unitized general cargo.
In the case of project shipments, the size of the shipment is quite big. It might result in handling related damage and local permit-related complications. We understand these constraints and offer a risk-free shipment experience.