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Thursday, 2 August 2012

Freight Terminology



Freight Terminology

A


Adjustments - Any discrepancy between the actual shipment and what is stated on the bill of lading. These can result in additional charges from freight carriers.


Agent - A person who transacts business on behalf of another person or company with full or limited decision-making authority.


Air Waybill - This freight shipping document is similar to a bill of lading but is used by airlines as a contract with the shipper that defines the terms of the shipping order. Sometimes the air waybill is also used for non-air freight shipping.


Axle Load - Each freight shipping transport has a weight limit. The axle load refers to the weight limit permitted for each axle over the nation's highways.


B


Back Haul - The second half of a carrier's round trip in which the freight shipping cost is less than the first half. The second half can be referred to as the back haul rate.


Beneficial Owner - This is a rail term that refers to the actual owner of the lading being shipped.


Bill of Lading (BOL) - The bill of lading or BOL is the contract between shipper and carrier, broker or agent that binds the parties together and defines all aspects of the freight shipping arrangement including what is being shipped, to whom and more.


Blocking - Also known as bracing, refers to wood or other supports used to keep shipments in place on trailers or in containers.


Blind Shipment - When the shipper and receiver are not aware of one another, the freight shipment is called a blind shipment. In such cases, the bill of lading lists the party that paid for the shipment as the shipper or receiver of the freight shipment.


Bogie - This is a rail term that refers to a frame with wheels on which a container is mounted for over-the-road transport.


Broker - A person who makes freight shipping arrangements on behalf of a person or company. The broker has experience in the industry and negotiates the best possible shipping rates on behalf of the client.
Brokerage License - A broker gains this in order to have the ability to make land, sea and air freight shipping arrangements.


Bulk Freight - Freight that is not contained within packages or containers is referred to as bulk freight.


C


Carrier - A person or company who transports freight for a fee.


Cartage - A trucking term that refers to shipping freight within the same city or area.


Chassis - A rail term that refers to a frame with wheels and locking devices to secure a container during shipping.


Classification - A freight classification asigned to an article for the purpose of applying transportation charges. This is used for less that truckload (LTL) shipments.


Common Carrier - A carrier that can be hired by anyone to transport goods.


Concealed Loss - When the recipient of a package is not able to see damage to the item(s) until the package is opened. The damage was not visible at the time of delivery


Consignee - The receiver of a freight shipment.


Consolidation - When two or more shipments are combined to save money on freight shipping costs.


Container - A container looks like a truck trailer with no wheels and is now among the most common freight shipping methods in the United States and abroad. Containers are used for intermodal shipping and come in standard sizes to ensure they fit on standard trucks, rail cars and container ships.


Cross-Town - When a container or trailer is delivered from one railroad as part of the shipping route, the move is called cross-town shipping.


Cubic Capacity - The total freight load capacity of any truck, train or ship is measured in cubic feet, and therefore the carrying capacity is known in the industry as cubic capacity.


Customs Broker - A person or company who is licensed by the U.S. Treasury Department to act on behalf of freight importers and exporters with respect to U.S. Customs transactions.


E


Embargo - An embargo is any event that prevents the freight from being accepted or handled. Embargo events include floods, tornadoes or congested highways.


Exceptions - When a problem such as shortage or damage is noted at the time of delivery, an exception is noted on the delivery sheet before it is signed to designate there was a problem with the shipment.


G


Gross Vehicle Weight - The total weight of the transport and its cargo is called the gross vehicle weight or GVW.


I


Inbound Freight - Shipments coming from vendors to a storage facility.


Interchange of Interline - The transfer of freight from one carrier to another.


Intermodal Transportation - When freight is shipped using two or more modes of transportation. This typically refers to truck-rail-truck shipments.


N


Nested - A term used in less than truckload (LTL freight) shipping in which materials are stacked so that one item goes inside another. Nested freight reduces the amount of space taken up by the combined freight and makes LTL shipping more efficient as a result.


Not Otherwise Indicated (NOI) - A general class rate or NOI is assigned to any freight that has no rate listed in the NMFC.


T


Tariff - A tariff establishes the cost and contract of freight shipment for the shipper and the carrier.


Through Rate - A through rate applies to the distance between the point of origin and the delivery destination.


Time-Critical - When a freight shipment delivery is set to the earliest possible time.


Time-Definite - Time-definite deliveries guarantee that the delivery will occur on a specific day or time of day.


Transit Time - The total time from pick up to delivery.


Truckload (TL) - A truckload is defined as freight weighing 23,000 pounds or more or that occupies half or more than the trailer's capacity.


V


Volume Rate - A less than truckload (LTL) term for rates that are made subject to a minimum weight of 7,000 pounds or more, or cubic volume exceeding 750 cubic feet.


W


Warehousing - Warehousing refers to the storage of goods for a specified period of time.

Thursday, 26 July 2012

GRI – India & Sri Lanka to North America & Canada from Safmarine


July 11th, 2012


General Rate Increase – India & Sri Lanka to North America & Canada


Dear Customer,


At Safmarine, we believe that the customers’ needs are paramount. However, the current
economic environment presents certain challenges in terms of maintaining a profitable
business along with ensuring a best in class customer experience.


Whilst we continuously endeavor towards serving you to the best of our capabilities, the
current rates are proving to be difficult to sustain, especially in the current scenario.
Hence, there will be a General Rate Increase for services from India & Sri Lanka bound to
The United States of America & Canada.


The details for the Rate Increase are as follows:
Scope: India & Sri Lanka to The United States of America & Canada
Amount: USD 225 for 20ft, USD 300 for 40ft GP, USD 350/40ft HC, USD 375/45ft
Cargo Type: Dry and Reefer
Effective Date: Aug 15th, 2012


We sincerely appreciate your understanding and thank you for your continued support and patronage.
In case of any further information or assistance, please feel free to contact your local service agent.


Best Regards,
Safmarine.

Sunday, 22 July 2012

CLIENT ADVISORY: Off Loading Fee - Empty Return from CMA CGM


Client Advisory

OFF LOADING FEE – EMPTY RETURN
FOR PICKED-UP / ALOTTED / RESERVED CONTAINERS

Dear Valued Customer,

Please note for your convenience and better understanding the charge term
“Booking Cancellation Fee - Empty Return” is revised to Off-Loading Fee, the tariff
remains the same.

All CMA CGM containers released to customers for exports, returned back empty
will attract an Off-Loading Fee.
The Fee is also applicable for containers which are allotted / reserved for
customers at locations and are not picked up subsequently. Also, the storage
charges for the subject facility will be applicable, in addition to the Off-Loading Fee.

Off-Loading Fee Quantum:-
INR 3000 per TEU / per week (charged from the date of pick-up)
Already in effect since 01st Jun ‘12

This advisory supersedes the “Booking Cancellation Fee - Empty Return” advisory
sent on 04th May ‘12.

We look forward to your support and co-operation in this matter so that we may
better serve your needs and ensure full compliance.


Best Regards,
CMA CGM Agencies India Pvt. Ltd.
20th Jul 2012


Thursday, 12 July 2012

K-line Vessel in Hong Kong waiting for rescue

PSW loop sailing from WC scheduled eta HK 6/25. Due to typhoon in JPN with rough sea, some containers (include CKYH member lines) fell down due to probably poor lashing. Now, vessel is sitting at Lamma Island and the block bay involved was mainly HK discharge cargo including RF boxes, laden and empty.