Logistics Knowledge

08 Essential Logistics Tips For Small Business Owners
08 Essential Logistics Tips For Small Business Owners

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Supply chain and logistics are an integral part of every business, large or small. A logistics plan helps your business run efficiently and cost effectively. Without a plan, your costs will rise.

Letter of Credit requires IMO Number to be shown on Bill of Lading
Letter of Credit requires IMO Number to be shown on Bill of Lading

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• Carrier not obligated to show commercial information on the bill of lading

• Banks should revisit what information they request on a letter of credit

• There is no relationship between a carrier and a letter of credit

 

Free Time:

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The period of time allowed for the removal or accumulation of cargo before charges become applicable.

Demurrage

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The carrier charges and fees applied when rail freight cars and ships are retained beyond a specified loading or unloading time. Also see: Detention, Express.

Mærsk Mc-Kinney Møller
Mærsk Mc-Kinney Møller

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WHICH IS THE MOST IMPORTANT FUNCTION OF A BILL OF LADING AND WHY ?
WHICH IS THE MOST IMPORTANT FUNCTION OF A BILL OF LADING AND WHY ?

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  • Bill of Lading is a document used widely in all types of cargo movement
  • A bill of lading has 3 functions
  • Each function fulfills a different need for the carrier and customer

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