Search results
Results from the WOW.Com Content Network
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. Effective Jan 7, 2013 declarants must be registered with Singapore Customs and have passed Singapore Customs competency tests.
A freight broker bond must be obtained by freight brokers and freight forwarders in the United States in order to obtain or renew their license. In the United States, freight broker surety bonds are required by the Federal Motor Carrier Safety Administration (FMCSA) to move property such as household goods or freight and motor cargo ( vehicles ).
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).
Freight companies are companies that specialize in the moving (or "forwarding") of freight, or cargo, from one place to another. These companies are divided into several variant sections. For example, international freight forwarders ship goods internationally from country to country, and domestic freight forwarders, ship goods within a single ...
A freight broker in the United States must be licensed by the Federal Motor Carrier Safety Administration (FMCSA) and be granted authority as verifiable via the FMCSA Licensing & Insurance database. [1] A freight broker, in freight transport , over land in the United States by truck [2] is often used as part of the logistics.
A waybill is a document issued by a carrier acknowledging the receipt of goods by the carrier and the contract for shipment of a consignment of that cargo. [1] Typically it will show the names of the consignor and consignee, the point of origin of the consignment, its destination, and route.
Given freight is intangible, there is no physical delivery. Rather, the contracts settle in cash against the arithmetic average price of spot freight published by the Baltic Exchange. The Baltic Exchange, on a daily basis, publishes a number of freight assessments for various shipping routes reflecting the prevailing level of shipping rates.
The Motor Carrier Act of 1980 deregulated transportation industries in America and increased competition for logistics providers and shippers. [11] [13] C.H. Robinson created a contract carrier program, expanded its freight contract operations, and established itself as a middleman sourcing operation for shippable goods. [citation needed]