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The doors of a shipping container are typically covered with various numbers and letters. Each marking provides important information about the transportation, cargo, ownership, and condition of the storage container. Let’s look at the meaning of each marking. (1) Container Number - A unique sequence made up of 4 letters and 7 numbers, the ...
Jul 20, 2023 · BOL (Bill of Lading): A legally binding document between the shipper and the carrier that outlines the type, quantity, and destination of the goods being shipped. It also acts as a receipt for the goods upon delivery. FIFO (First In, First Out): An inventory management method where the goods first received are the first ones to be sent out.
How to write an international address when shipping abroad. When shipping internationally, accurately formatting the address is crucial to ensure your package reaches its global destination without any hitches. Explore our guide on international address formats for seamless delivery across borders. Ready to send a parcel abroad?
- The Importance of Understanding Shipping Terms
- Incoterms – International Commercial Terms
- Cod – Change of Destination
- Cycy – Container Yard to Container Yard
- DM – Demurrage
- Rollover – The Container Was Never Loaded onto The Ship
- DT – Detention
- Port Storage
- FCL
- Bill of Lading
Before we go into detail about the most commonly used shipping terms and what they stand for, let us have a quick look at the importance of understanding shipping terms. Shipping goods across the globe is far more complex than just transporting an object from point A to B. There are a number of procedures and regulations in place to ensure the good...
When purchasing or selling goods, the goods need to be moved from their origin to their destination. The best way to do this is to negotiate at the point of purchase how it is going to be accomplished. But in order for both parties to understand and agree on the particulars, they have to speak the same language and agree on what the terms actually ...
Imagine that your goods have been loaded onto a container ship and are now on their way to their destination. And for some reason, you realize you have to change the destination! No need to panic. This is when it is time to request a COD – a Change Of Destination. This is a request asking the container ship to discharge your container and transport...
CYCY is short for Container Yard To Container Yard. A container yard is a port facility where containers are stored before they are loaded onto a ship or after they have been discharged from a ship. The shipping term CYCY explains that the responsibility of the carrier begins (port of loading) and ends (port of discharge) at the container yard.
Demurrage is a fee that container lines charge when you haven’t picked up your imported containers in time. When your containers have been discharged, there is a free period for storing them in the port (provided by the container line). You have to pick up your containers before the free period expires. If not, you are charged for the number of day...
It sometimes happens that containers get rolled. This means your container didn’t make the vessel. Not having your container loaded onto the ship may happen because of customs problems, overbooking, or vessel omissions. Your carrier will reschedule your shipment and place your container on the next departing ship.
Detention is a fee that you have to pay if you have picked up your imported containers but didn’t return them to the shipping line in time. You will then have to pay for the extra number of days it took for you to return the containers. You can also be charged for demurrage fees if you have containers that cannot be shipped out by the container lin...
When your containers have been discharged from a ship, they are moved to a container yard. The port provides a free period of storage (not to be confused with the free period demurrage provided by container lines). During this period, you have time to take care of customs clearance procedures and transport your goods to a warehouse or the final des...
FCL is short for Full Container Load. This means you have enough goods to stuff an entire container. LCL is basically the opposite. It is short for Less than Container Load and means you do not have enough goods to stuff an entire container. Instead, your individual consignment is combined and shipped together with other consignments in the same co...
The Bill of Lading is a legal document issued by a carrier to a shipper including shipment details such as the type of goods, quantity, freight rate, and destination. It represents the agreement between the parties involved and helps guarantee that exporters receive their payment and importers receive their goods. The bill of lading also serves as ...
We've compiled the ultimate list of shipping terms. On this page, you'll find shipping terminology that fits into multiple categories: International Shipping Terms, Maritime Shipping Terms, Inland Shipping Terms, and many more.
Jun 4, 2009 · Marks & Numbers – Marks & Numbers are important information in a shipment.. The shipper marks his packages with some information identifying the shipment so that the consignee can know what the shipment is.. The marks and numbers can have any of below : the consignees name and address; the purchase order number
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Oct 2, 2023 · Export Control Classification Numbers are alphanumeric codes used to identify dual-use items, meaning items that have both a commercial use as well as a potential military application. Knowing the right ECCN for your product plays a role in determining if you need an export license.
