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Declaring Agent - A declaring agent is an organisation appointed by a declaring entity to make a declaration on its behalf. A declaring agent may be a freight forwarder or a specialist customs service provider such as Tradenet Services Pte Ltd . Declarant - A declarant is the individual person making the declaration for the declaring agent ...
Modern freight forwarders offer an end-to-end process i.e. shipping the goods from the place of origin to the final destination and may offer additional services such as warehouse planning, cargo insurance and customs brokerage. Together with tracking, freight forwarding agents often have real time information on the freight.
A shipping agency, shipping agent, or ship agency is the term used to refer to the appointed companies that handle operational and procedural (legal) requirements for a commercial vessel's call at a port for the purposes of cargo handling (loading/discharging), emergency calls, repairs, crew changes, or ship demolition, and protect the general interests of their principals on behalf of ship ...
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. [1]
Trades can be given up for clearing by the broker to one of the clearing houses that support such trades, or be executed in integrated electronic exchange. There are five clearing houses for freight: NOS Clearing/NASDAQ OMX, EEX, CME Clearport, ICE Futures Europe and SGX, and one electronic exchange: Shanghai Shipping Freight Exchange. Freight ...
In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party.This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (from Latin: "he who acts through another, acts personally").
Real estate agents are not working on consignment schemes. The agent is just the arranger of the business; contracts are written directly between the first and the third party (due to real estate registration and tax issues). Cross-border triangular trade with a sales agent is usually not consignment trade. This is because the goods typically ...
A diploma in Customs clearance and freight forwarding offered by the University of Mumbai is not considered as "graduation" for the purpose of eligibility. An employee, partner or director of a CHA licensee authorized for examination under Regulation 9(5) may take three examinations in two years from the date of application by the licensee for ...