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Freight Forwarding Learning Presentation

This document provides an overview of key terms and concepts related to ocean shipping. It defines terms like ISF, AMS, FMC, and HOT shipment. It explains container types and their dimensions/capacities. It also outlines different types of bills of lading like clean, master, house, and order bills of lading. Finally, it lists common shipping terms like EXW, FCA, CPT that define responsibilities of buyers and sellers in transportation.

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Zannatun Nayeem
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286 views

Freight Forwarding Learning Presentation

This document provides an overview of key terms and concepts related to ocean shipping. It defines terms like ISF, AMS, FMC, and HOT shipment. It explains container types and their dimensions/capacities. It also outlines different types of bills of lading like clean, master, house, and order bills of lading. Finally, it lists common shipping terms like EXW, FCA, CPT that define responsibilities of buyers and sellers in transportation.

Uploaded by

Zannatun Nayeem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Presentation On

Learning
Name: Zannatun Nayeem
Management Trainee
APS LOGISTICS INT. (Pvt.) LTD BD.
Expo Group, Bangladesh
FLOWCHART OF OCEAN EXPORT
Important Terms Related to
OCEAN Shipment
ISF- Importer’s Security Filing. It is a requirement of US customs. US customs get to know about the cargo details
before berthing of the ship through ISF. It is prepared by either forwarder or importer’s broker. PO number, style,
quantity and other details are given in ISF. ISF is also called (10+2). ISF is composed of 10 data elements which are
required to be sent to US customs on all import shipments arriving via sea-freight into the U.S.
AMS- Automated Manifest System. It is a requirement of Carrier. Forwarders submit it within 72 hours of sailing.
FMC- Federal Maritime Commission. FMC’s mission is to ensure a competitive and reliable international ocean
transportation supply system that supports the U.S. economy and protects the public from unfair and deceptive
practices.
HOT Shipment- Very important shipment. It needs extra priority and care.
Top Stow- The top most container on the ship which is unloaded first when the ship reaches to its destination. When it
is hot shipment, the container must be top stow.
Split(Tie-up) Container- When a cargo volume of a single house is divided into multiple containers.
SCAC Code- Standard Carrier Alpha Code. AMS filing is done by this code.
CFS/CY= FCL, CY/CY= FCL, CY/CFS= FCL, CY/CY door= FCL, CFS/CFS= LCL.
Sub Container: When forwarders require 40 GP container according to CBM, but the carrier cannot provide it due to shortage; they issue a 40 HC container
within the same rate of 40 GP container. However, it is written clearly on BL, shipment advise/CLP.
EDI- Electronic Data Interchange.
ASN- Advanced Shipment Notification.
Export Filing: CRM department of APS maintain files for each and every shipment. The file includes: Invoice & Packing list, Shipping order, Container Load
Plan (CLP), Shipment Advise from Carrier, Shipment advise for forwarder, HBL Draft copy, MBL copy, AMS copy, ISF copy, Surrender copy. These
documents are kept on the right side of file. On the left side documents related to buyer are kept. These documents are Approval list, Approval mail, shipment
advise to consignee, overseas invoice (debit note) and Final Pre-alert.
VOCC: Vessel operating common carrier is a company that operates its own vessels. Example: One Line, Hapag etc.
NVOCC: Non-Vessel Operating (Common) Carrier – a carrier issuing bills of lading for carriage of goods on vessels which he neither owns nor operates. APS
Logistics is an example of NVOCC.
Debit Note: Three elements are mandatory for a debit note: Ocean Freight (Selling & Buying), AMS charge and local charge.
Pre-Alert: Pre-alerts are notices given to buyers of goods to let them know that a shipment is on its way. As a forwarder, we send pre-alerts to our counterpart
agent consists of copy of MBL (Original surrendered at origin), copy of HBL (original HBL has been released to shipper), Shipment details, Debit note, CLP.
GRI: GRI (General Rate Increase) is the amount by which ocean carriers increase their base rates across specific lines, generally as a result of increased
demand.
Telex Release: A Telex Release is a message that is sent by the agent or shipping line from origin to their agent or office at destination to acknowledge
that the shipper has surrendered the Original Bill of Lading that has been issued to them. This allows the cargo to be released to the consignee without having
to physically present the Original Bill of Lading prior to release.
Express Release: An Express Release Bill of Lading means that no Original Bills of Lading were issued, or requested to be issued, when the shipper’s
instructions were sent to the shipping line. Express Release is typically requested when the shipper does not need to hold onto the Original Bill of Lading to
secure payment for the cargo. 
Direct Master BL: Direct MBL is issued by carrier, but BL Draft is provided by forwarder. A direct MBL must carry original shipper, bank name in the field of
consignee, notify party (original buyer) whatever information the house bill of lading obtains are written in Direct MBL.
Types Of Bill Of Lading
• Clean Bill of Lading • Forwarders Bill of Lading
• Received for Shipment Bill of • Multimodal Transport Document/
Lading Combined Transport Document
• Through Bill of Lading • Stale Bill of Lading
• Claused Bill of Lading • Short-term/ Blank Back Bill of
• Container Bill of Lading Lading

• House Bill of Lading • Straight Bill of Lading

• Master Bill of Lading • Order Bill of Lading

• Charter Party Bill of Lading • Bearer Bill of Lading


• Surrender Bill of Lading
Explanation Of BIL Types
Clean Bill of Lading: is issued by the Shipping Company or by its agents without any declaration on the defective Constitution of the goods/
packages taken on Board/ stuffed in containers.
Received for Shipment Bill of Lading: is a document that is issued by a carrier as evidence of receipt of goods for shipment. It is issued prior to the
vessel loading and is therefore not an onboard bill of lading.
Through Bill of Lading: are complex than most BOLS. The document permits the shipping carrier to pass the cargo through several modes of
transportation or through several distribution centers. This bill includes an Inland Bill of Lading and an Ocean Bill of Lading depending on the
destination.
Claused Bill of Lading: is issued when the cargo is damaged or when the quantity goes missing.
Container Bill of Lading: is a document that gives information about goods that are delivered in a safe container or containers from one port to
another.
House Bill of Lading: is a document generated by an Ocean Transport Intermediary freight forwarder or non-vessel operating company. The
document is an acknowledgement of the receipt of goods that are shipped, issued to the suppliers when the cargo is received. This Bill of Lading is
also known as Forwarders Bill of Lading.
Master Bill of Lading: is a document that is created for shipping companies by their carriers as a receipt of transfer. The document specifies the terms
that are required for transporting the freight, details of the consignor or the shipper, the consignee and the respective person who possess the goods.
Charter Party Bill of Lading: is an agreement between a charterer and a vessel owner. The document is issued by the charterer of the vessel to the
shipper for the goods that are shipped on board the vessel.
Multi modal Transport Document/ Combined Transport Document: is a type of Through Bill of Lading the involves a minimum of two different
modes of transport, land or ocean. However, the modes of transportation can be anything from freight boat to air.
Stale Bill of Lading: is presented for negotiation after 21 days from the date of shipment or any other date/ number of days stipulated in the
documentary credit.
Short-term/ Blank Back Bill of Lading:
Short term or Blank Back Bill of Lading is issued when the detailed terms and conditions of the carriage contract are not given on the body of the Bill
of Lading or on the back of the Bill of Lading.

Straight Bill of Lading:


Straight Bill of Lading indicates that the goods are consigned to a particular person and it is not negotiable free from the existing equities. This means
that an endorsee acquires no better rights other than those that are held by the endorser. This bill is also called as a non-negotiable bill of lading.
Whereas, from a banker’s perspective, this type of lading is not safe.

Order Bill of Lading


Order Bill of Lading is the bill that expresses words that make the bill negotiable. This explains that the delivery is to be made to the further order of
the consignee using terms such as ‘delivery to A Limited or to order or assigns.

Bearer Bill of Lading


Bearer Bill of Lading is a bill that states that the delivery shall be made to whosoever holds the bill. These bills are specially created or it is an order
bill that does not nominate the consignee in its original form or through an endorsement in blank. A bearer bill can be negotiated by physically
delivering it.

Surrender Bill of Lading


Surrender Bill of Lading works under the term ‘import documentary credit’, where the bank releases documents on receipt from the negotiating bank.
The importer does not make the payment to the bank until the maturity of the draft under the relative credit.
CONTAINER TYPE & CAPACITY

Container Type Internal Dimensions Cubic 


Capacity

L - 5.89M W - 2.35M H -
20FT General 27
2.36M

L - 5.89M W - 2.35M H -
20FT High Cube 30
2.69M

L - 12.05M W - 2.35M H -
40FT General 56
2.36M

L - 12.05M W - 2.35M H -
40FT High Cube 66
2.69M
1. TERMS FOR ANY TRANSPORT MODE

EXW – EX WORKS (… named place of delivery)


The Seller’s only responsibility is to make the goods available at the Seller’s premises. The Buyer bears full costs and risks of moving the
goods from there to destination.
FCA – FREE CARRIER (… named place of delivery)
The Seller delivers the goods, cleared for export, to the carrier selected by the Buyer. The Seller loads the goods if the carrier pickup is at
the Seller’s premises. From that point, the Buyer bears the costs and risks of moving the goods to destination.
CPT – CARRIAGE PAID TO (… named place of destination)
The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of
loss or damage.
CIP – CARRIAGE AND INSURANCE PAID TO (… named place of destination)
The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of
loss or damage. The Seller, however, purchases the cargo insurance.
DAT – DELIVERED AT TERMINAL (… named terminal at port or place of destination)
The Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the Buyer’s disposal at a named
terminal at the named port or place of destination. “Terminal” includes any place, whether covered or not, such as a quay, warehouse,
container yard or road, rail or air cargo terminal. The Seller bears all risks involved in bringing the goods to and unloading them at the
terminal at the named port or place of destination.
DAP – DELIVERED AT PLACE (… named place of destination)
The Seller delivers when the goods are placed at the Buyer’s disposal on the arriving means of transport ready for unloading at the names
place of destination. The Seller bears all risks involved in bringing the goods to the named place.
DDP – DELIVERED DUTY PAID (… named place)
The Seller delivers the goods -cleared for import – to the Buyer at destination. The Seller bears all costs and risks of moving the goods to destination, including the payment of Customs duties and
taxes.
2. MARITIME-ONLY TERMS
FAS – FREE ALONGSIDE SHIP (… named port of shipment)
The Seller delivers the goods to the origin port. From that point, the Buyer bears all costs and risks of loss or
damage.
FOB – FREE ON BOARD (… named port of shipment)
The Seller delivers the goods on board the ship and clears the goods for export. From that point, the Buyer bears all
costs and risks of loss or damage.
CFR – COST AND FREIGHT (… named port of destination)
The Seller clears the goods for export and pays the costs of moving the goods to destination. The Buyer bears all
risks of loss or damage.
CIF – COST INSURANCE AND FREIGHT (… named port of destination)
The Seller clears the goods for export and pays the costs of moving the goods to the port of destination. The Buyer
bears all risks of loss or damage. The Seller, however, purchases the cargo insurance.
The brief definitions above were paraphrased from the ICC publication, Incoterms 2010: ICC Official Rules for the
Interpretation of Trade Terms, effective January 1, 2011. Valid through 2016.

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