Cross docking is a process of unloading materials from an incoming semi-truck and loading directly into out-bounds trucks or trailers. It reduces handling costs, operating costs and the storage of inventory.
Affreightment is a contract between ship owner and merchant, where ship owner provides or rented the space in the ship to the merchant for an agreed amount and for a specific period. In this contract, merchant is liable for the payment whether or not the ship is ready for the shipment.
Look storage place which has the facility of single, double or multiple depth locations
☛ Bulk storage in vertical or straight direction: It is the most common method of organizing the container, it is organized in a vertical direction piling the container over each other.
☛ Bulk storage at angle: It is one of the solutions that can be applied in a situation when there is a limited place to accommodate containers. But it is applicable in special cases only, depending upon what material it carries.
A way bill which covers two or more consignment of freight is referred as blanket way bill.
LTL (Less than Truckload) shipment is a contract between the shipper and transport owner. According to the contract, instead of the entire truck, the shipment are priced according to the weight of the freight and mileage within designated lanes.
Declared value for carriage is the value of the goods, declared by the shipper on the bill of lading, to determine the limit of the carrier's liability or a freight rate.
☛ Advice of shipment: It is a notice sent to a foreign buyer or local trader informing them that the shipment has processed forward and carried information about packing, routing, etc. A copy of the invoice is often sent with it and if recommended a copy of landing also attached along with that.
☛ Advising Bank: Advising bank is a bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank
Anti-dumping duty is an import duty levied in cases where imported goods are priced at less than the normal price in the exporter's domestic market and cause material loss to the domestic industry of the importing country.
Export declaration is a government document that defines the goods to be supplied out of the country. This declaration should be filed by exporter to the U.S government.