Difference between an exporter and a shipper - Shipping and …
WEBMar 16, 2010 · Exporter = is a person or company or entity that is authorised by Customs and Govt authorities to export cargoes to various countries.. This is also the party responsible for filing the export declaration with the customs authorities.. Exporter may or may not be the seller of the goods.. Shipper = is a person or company or entity that is …
WEBA Letter of Credit is also commonly referred to as a Documentary Credit. There are two types of Letters of Credit: revocable and irrevocable. A revocable Letter of Credit can be revoked without the consent of the Exporter, meaning that it may be cancelled or changed up to the time the documents are presented.
Difference between a Freight Forwarder and NVOCC - Shipping …
WEBNovember 28, 2018. 54. NVOCC and Freight Forwarder are two of the many terms that are used interchangeably within the shipping and freight industry.. It maybe so because many people don’t understand or acknowledge the difference between these two entities especially when it comes to documentation and liabilities..
Can the shipper’s address on the bill of lading be in another …
WEBMar 8, 2013 · Exporter need not necessarily be the actual seller of the cargo or the entity actually concluding the deal.. Shipper = is a person or company or entity that is shown in all the shipping documents (bill of lading, commercial invoice, packing list) as the party responsible for procuring and/or placing the order for shipment and maybe also for ...
Demurrage and Detention - Exporter vs Shipping Line
WEBNov 28, 2012 · Shipping line says their 14 free days is for “detention” and not for “demurrage”. Remember –. Demurrage is charged when containers are still full and under the control of the shipping line and has not been cleared or picked up by the consignee. Detention is charged after the containers have been picked up, but container (full or …
Article 1 – The Basics of Shipping - Shipping and Freight Resource
WEBOct 12, 2008 · Clearing Agents : An agent that works on behalf of the exporter or importer to assist them with the processing of documents with the relevant customs authorities in preparation for the cargo to be shipped.. This agent has to be accredited by Customs.. Examples : UTI, Metcon, Robin Shipping.
What is a letter of credit, how it works and who needs it..
WEBMay 31, 2020 · A Letter of Credit or Documentary Credit is a promise by a bank on behalf of the buyer (applicant/importer) to pay the seller (beneficiary/exporter) a specified sum in the agreed currency, provided that the seller submits the required documents by a predetermined deadline..
What is a UCR Number and who needs it.. - Shipping and Freight …
WEBFeb 29, 2012 · The exporter (or his agent) must generate a UCR number for each export consignment.. The format of a UCR number will be : The UCR attribute/ field is made up as follows: It has a minimum length of 12 and a maximum length of 35 characters.. The first character is reserved for the last digit of the calendar year in which the exports took place.
Difference between a freight forwarder and clearing agent
WEBNov 5, 2023 · While a freight forwarder may be able to generate more revenue than a clearing agent, the big advantage that a clearing agent has over a freight forwarder is that their services will be required by the shipper and consignee FOR EVERY SHIPMENT, whereas the shipper or consignee might not use the services of a freight forwarder for …
WEBExporter = is a person or company or entity that is authorised by Customs and Govt authorities to export cargoes to various countries.. This is also the party responsible for filing the export declaration with the customs authorities.. Shipper = is a person or company or entity that is shown in all the shipping documents (bill of lading ...