You do not know the freight forwarder terms are here!

- Apr 12, 2019-

Freight forwarders often say TT,VIA what do you mean?

Freight forwarders often quote with TT, which actually means the number of days of voyage.It is different from TT payment in foreign trade.

We need to shipped the goods to...Transshipment at..."Say.

Two points to note when using the Via clause:

1) the carrier shall be responsible for the entire journey.

2) not direct, even if there is a direct ship.

W/T = with transshipped attransshipment

"Intransit to" clause: the original meaning of "Intransit to" is "transit to", but the carrier is not responsible for the whole transportation, and the Consignee makes the goods continue to be shipped without customs clearance and tax.

RT in freight forwarding unit

RT is usually found in LCL quotation of forwarders.

R in forwarder unit: RT in forwarder sea freight quotation is commonly seen in bulk cargo transportation (LCL), for example:

USD10/RT: this means "" $10 per ton" ".

RT means "charge ton."RT is calculated by looking at the CBM and the gross weight (T).According to USD10/RT, if the specification of a piece of goods is

2CMB, 1T, the cost is 10 2=20

At 1CMB and 5T, the cost is 10 5=50

What does the forwarder mean by FAK?

FAK(Freight for All Kinds Rate)

NAC(name account) is the price applied by SHIPPER.

Advantages and disadvantages of flat rate

There are advantages and disadvantages to the uniform rate standard in calculating freight charges:

Advantage: the advantage that USES all rate the biggest is to depend on namely by "all rate" computational freight is very handy in specific business.And this kind of tariff is also logical in theory, because ships load and unload containers instead of goods, and containers occupy the same space and area.

Disadvantages: the disadvantage of collecting freight according to the uniform rate is that the use of this form of freight will have a negative impact on the transport of low-value goods.Because it is no longer possible for low-rate cargo to recover from high-rate cargo.This may be difficult for shippers of low - rate goods to accept

For example, container liner companies charge the same rate for bottled water and bottled wine, but bottled water shippers refuse to accept the same rate even if the bottled wine shippers don't care. In the end, the shipping companies are forced to charge different rates for both types of goods.

Therefore, in most cases at present, even rate actually divides the goods into 5 ~ 7 rate grades.