Delivered At Place (DAP) is a shipping term under Incoterms® 2020 that defines the seller’s responsibility to deliver goods to a named destination, ready for unloading. The seller is accountable for all risks and costs associated with transporting the goods to that location, but not for unloading. This term can be used across all modes of transport.
The primary difference between 40GP and 40HC containers is their height. A 40GP container is 8 feet 6 inches tall, while a 40HC container stands at 9 feet 6 inches, giving it an extra foot of vertical space. This additional height increases the internal volume of the 40HC, providing approximately 10-15% more cargo capacity.
Standard containers, also known as dry containers, are the most commonly used type of container. They are typically made from steel or aluminum and designed for general-purpose shipping and storage. These containers are weatherproof, protecting goods from external elements like rain, dust, and wind.
CFR (Cost and Freight) is one of the 11 official Incoterms published by the International Chamber of Commerce (ICC). CFR refers to a trade term where the seller is responsible for delivering the goods onboard a vessel and covering the costs of transport to the destination port.
demurrage is a fee levied by a shipping line when the cargo remains at the port for longer than the free time stipulated in the shipping contract. Free time is essentially the grace period given to businesses to load or unload their cargo without facing penalties.
An Airway Bill (AWB) is a legally binding transport document that provides detailed information about goods shipped by air. It acts as a contract between the shipper and carrier and serves as a receipt of goods. AWBs ensure that the shipment follows regulations and reaches the destination securely
An NVOCC is defined as a type of ocean carrier that does not operate its own vessels but facilitates the transport of cargo by arranging for space on existing shipping lines. Acting as intermediaries, NVOCCs connect shippers with actual carriers while managing the complexities of shipping logistics.
Free Alongside Ship (FAS) is an Incoterm that places specific responsibilities on both the seller and the buyer in a shipping transaction. Under FAS, the seller delivers the goods to a designated port and places them alongside the buyer’s vessel. This means the seller’s responsibility ends once the goods are alongside the ship
Incoterms are shortened for International Commercial Terms, Such as EXW, FOB, CIF, and others define the responsibilities of buyers and sellers in the shipping process, ensuring that both parties understand who is responsible for transportation, costs, and risks at various stages.
LTL (Less Than Truckload) freight is a shipping method where multiple businesses share space on the same truck for smaller, individual shipments. Instead of a single business renting an entire truck (as in FTL freight)
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