FI for Telex/Express

Difference between telex release and express release

Are telex release and express release the same..??

Telex Release and Express Release – These are terms that still confuses many people in the industry..

The confusion occurs when these terms are loosely used instead of using it in the strict sense..

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Difference between pre-carriage and on-carriage

The difference between pre-carriage and on-carriage needs to be understood very clearly by the exporter, importer, shipping line, forwarder, clearing agent, insurance and everyone else involved in order to ensure that the relevant roles, responsibilities, costs and risks are clearly defined..

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The connection between Shipping and Physics

Inspired by a reader Georgia, in this article I take you back to the REAL basics – the connection between Shipping and Physics..

I wrote earlier that the big floating thing that carries our cargo from point A to B is referred to as either a SHIP or a VESSEL and outlined the differences between these two..

Like me, I am sure many of you would have (and if you are in the shipping industry you SHOULD have) thought about how this massive thing that can carry 18,000 + TEUs float so solidly in the water whereas if you throw a small pebble in the water, it sinks so easily..

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Story of a CIF contract and a Letter of Indemnity

This is the Story of a CIF contract and a Letter of Indemnity..

Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill of lading should be lost..

The buyer’s bank refuses to make payment without original BOL and will not accept LOI..

What happens next..??

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Difference between Pre-Carriage, Carriage and On-Carriage

In one of my previous articles I had discussed the difference between Pre-Carriage & On-Carriage.. Today i received a question asking what is the difference between “Main Carriage” and “On Carriage”..

This is from someone new to the shipping industry.. Since this site is dedicated to assisting newcomers to the industry to learn about shipping and ask questions such as these, I am reproducing an updated version of the previous article..

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Under CIF terms – who is responsible to off-load cargo from the ship – seller or buyer..??

Trudi asked below question about CIF Terms and who is responsible to off-load cargo from the ship – seller or buyer..?? I have a CIF shipment to Dar es Salaam. The port cranes in Dar es Salaam can not handle the tonnage of the item we are sending. Who is responsible to hire and pay a…

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Why is it important to check the Vessel Sailing Date..??

Why is it important to check the Vessel Sailing Date..??

“In the context of International Freight Forwarding, why is it important to check the Vessel Sailing Date?” is a question asked by Clarisse..

This article answers the reason why it is important to check the vessel sailing date..

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What is distressed cargo..??

Thanks to Pratheesh Karthikeyan a reader of this blog for this question – “What is a distressed cargo“.. Distressed cargo is a term used more in bulk trades and a cargo is termed distressed cargo when :- A buyer defaults on a contract due to a drop in commodity prices.. Say for example, if a buyer entered…

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