Broker (Freight): Also known as a Freight Forwarder or Third-Party Logistics company (3PLs), that operates as a middleman between the customer and the carrier to negotiate freight rates, services and manage any complications throughout the shipment lifecycle. Brokerage License: A legal document re...
Twitter Google Share on Facebook Forwarder (redirected fromFreight Broker) Dictionary Financial The following article is fromThe Great Soviet Encyclopedia(1979). It might be outdated or ideologically biased. Forwarder (1)A party to a contract of forwarding agency. In the USSR, the forwarder is a...
Contract with Shipper: If a Shipper engages you for provision of Freight Services by making a Booking, the Booking agreement and any subsequent agreement that you enter into with the Shipper will be between you and the Shipper only. We don’t act as your insurer, broker, contracting agent ...
Freight agent: A freight agent (sometimes called a freight broker agent) works directly with freight brokers, making this an ideal way to learn. Freight forwarder: Freight forwarders arrange the import and export of goods. Unlike brokers, they often warehouse the cargo. ...
Contract with Shipper: If a Shipper engages you for provision of Freight Services by making a Booking, the Booking agreement and any subsequent agreement that you enter into with the Shipper will be between you and the Shipper only. We don’t act as your insurer, broker, contracting agent ...
Every freight broker is responsible for having a $75,000 surety bond or trust fund. If you are using a surety bond, fill form BMC-84. If you are using a trust fund, fill form BMC-85 Surety bonds are a three-party agreement between the principal (your freight brokerage) obligee (the...
Broker An agent who arranges interstate movements of goods through other carriers. Bundled Product/Rate A term used to describe an intermodal product for which an allotment of "free days" or relief of per diem is built into the line haul rate. SPDU containers are marketed as a bundled product...
Rangel Launches Connecting Africa Groupage Service RANGEL, A WCA PARTNER! New import service from Asia Do you know the changes in customs VAT payments? Customs Broker International Road Freight Air Freight Sea Freight Express Contract Logistics Special Logistics FeirExpo Newsletter...
CHB 报关行 Customs House Broker CIF 成本,保险加海运费 COST,INSURANCE,FRIGHT CIP 运费、保险费付至目的地 Carriage and Insurance Paid To COMM 商品 Commodity CPT 运费付至目的地 Carriage Paid To CTNR 柜子 Container CY/CY 整柜交货(起点/终点) ...
FFAs, the most common freight derivative, are traded over the counter on the terms and conditions of the Forward Freight Agreement Broker Association (FFABA) standard contracts. The main terms of an agreement cover the agreed-upon route, time of settlement, contract size, and the rate at which...