📄️ What is a Freight Forwarder?
If you are involved in the shipping industry, you may have come across the term "freight forwarder." But what exactly is a freight forwarder and what is their role in ocean container shipping?
📄️ What is cargo or container "release"?
The process of releasing freight and customs typically involves several steps. First, the carrier or shipping company that transported the container must provide documentation to the port authorities, including details about the container, its contents, and the destination of the goods. The port authorities will then verify this information and check for any issues or discrepancies.
📄️ What is needed for customs filing?
Customs filing refers to the process of submitting the necessary documentation and information to the relevant customs authorities in order to clear goods for import or export. In order to complete customs filing, a number of different documents and information may be required, depending on the specific regulations and requirements of the country where the goods are being imported or exported.
📄️ What is "Last Free Day"?
The Last Free Day (LFD) is a term used in the shipping industry to refer to the last day that a container may be removed from a port or terminal without incurring additional storage or demurrage charges.
📄️ What is Demurrage?
Demurrage is a fee that is charged by a terminal operator or port authority when a container remains at their facility beyond the agreed-upon time period, or past the "Last Free Day". In the United States, demurrage fees are typically charged at ports and rail ramps, and they are intended to compensate the terminal operator for the use of their facilities and equipment, and to encourage the timely removal of containers from the port.