Tag Archives: #shippingknowledge

shipper owned container and carrier owned container

What is the difference between a shipper owned container and carrier owned container ??

What is the difference between a shipper owned container and a carrier owned container..??

A shipper owned container is a container owned by the shipper of the goods and a carrier owned container is a container owned by a carrier..

But the question may be a bit deeper than just the difference in definition between the two.. Let’s see..

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Certificate of Origin Shipping and Freight Resource

What is a Certificate of Origin..??

All of you have heard about a Certificate of Origin..

In this article, I will explain about what is a certificate of origin, why it is required, who issues it etc..

A Trade agreement is a contractual arrangement between countries concerning their trade relationships and how they conduct trade with each other..

Trade agreements may be bilateral or multilateral and could be in the form of Regional Trade Agreements (RTA) between two or more partners or a Preferential Trade Agreement (PTA) under which developed countries grant preferential tariffs to imports from developing countries..

Customs department in the importing country may require a proof of origin in order to determine whether or not the cargo that is imported may be subjected to certain trade measures such as the preferential duty tariff (for stuff that is imported from with the PTA bloc), prohibted goods etc..

Customs in the exporting country may also require this proof of origin in countries where such trade measures are applicable for exports..

As per WCO’s (World Customs Organisation) definition, “proof of origin” means a document or statement (either in paper or electronic format) which serves as a prima facie evidence to support that the goods to which it relates satisfy the origin criteria under applicable rules of origin. It includes a certificate of origin, a self-issued certificate of origin, or a declaration of origin..

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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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featured image for EBL

Is there a future for electronic bill of lading..??

The Bill of Lading, is one of the most important documents in global trade and has been around for many years..

The paper form of the bill of lading is still the leading form and is mostly used when a Bill of Lading is issued as a Negotiable instrument (Ocean Bill of Lading)..

Is there space in the shipping world however, for an Electronic Bill of Lading..??

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Image for container

The Container Department

It has been called many names – Equipment Control, Container Control, Logistics, Container Department – whatever you call it, it is one of the most dynamic departments’ within a shipping line’s (and by extension the ships agency’s) business and this department is close to my heart as this was my first real job in a liner shipping environment..

What does this department do..??

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featured image for reader question

Who should endorse a bill of lading for cargo release..??

For the release of cargo at destination and for the purpose of documentary credit negotiations, there are several endorsements required on a bill of lading.. In this article we take a look at who should endorse a bill of lading and what are the endorsements required..

Like who should endorse a house bill of lading and who should endorse a master bill of lading..

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Image for opinion about CIF terms

Can I action a Telex Release if bill is consigned To Order…….??

A Telex Release is a very important yet tricky requirement and needs to be handled carefully.. A client could request Telex Release under many circumstances without consideration for how the bill has been consigned/released..

It is important the significance of who the bill of lading is consigned to properly and clearly understood..

Read on to find out if a Telex Release may be actioned if a bill of lading is consigned To Order…….??

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