General

What is a liner bill of lading?

A liner bill of lading is a bill of lading that details a shipping line’s terms and conditions of carriage.

What are linear terms in shipping?

The Full Liner Terms are the terms and conditions for the transport of goods by sea. They express what is and what is not included in the freight rate, from the shipping company's point of view.

What is the meaning of liner terms?

Liner Terms set out a shipping company's rate offer, essentially detailing the share-out of loading and unloading costs between shippers/end clients and the company. They shape the bill of lading (BL) by indicating which charges are included and which are excluded.

Why are there 3 original bills of lading?

Again, there are 3 original bills of lading because a risk is involved in sending the bills of lading to the consignee (i.e., the possibility of loss). Nowadays, surrendered bills of lading or waybills are used to minimize the risk of trouble resulting from the non-delivery of the bill of lading.

What is liner in maritime?

A ship that regularly sails on a fixed route following a schedule is known as a liner. This is because they have regular ports of call. On the other hand, we have ships that do not follow a schedule or have regular routes.

Is liner a vessel?

A cargo liner has been defined as: A vessel which operated a regular scheduled service on a fixed route between designated ports and carries many consignments of different commodities. Cargo liners transported general freight, from raw materials to manufactures to merchandise.

What is meant by liner trade?

In ship: The liner trade. Other shipping is done by the “liner trade”—i.e., the passage of ships between designated ports on a fixed schedule and at published rates. Liner companies are able to provide such service through the liner conference system, which was first used on the Britain-Calcutta…

What does OBL mean in shipping?

An Original Bill of Lading (OBL) is a document that serves as proof of ownership of the importer's goods. The OBL is typically issued by the origin forwarder on the origin manufacturer's behalf.

Who prepares the bill of lading?

A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. This document must accompany the shipped goods and must be signed by an authorized representative from the carrier, shipper, and receiver.

Who keeps the original bill of lading?

This document must be surrendered to the carrier. As long as the shipper retains the original bills, they may receive payment prior to the release of the originals to the consignee or buyer.

What are the different liner terms?

Liner terms are the conditions under which shipping company will agree to transport goods. Liner terms usually include costs of loading, unloading, transport and discharge fee. Liner terms are from shipment company point of view.

Why are containers transported on liner terms?

Large Capacity: Liner ships have a huge capacity, hence it can carry a lot of goods. Which is why most businesses prefer liner shipping over air shipping. Another benefit of liner shipping is that you can choose the ship to match your cargo size so that you transport it in a safe and secure manner.

What is liner in and liner out in shipping?

LILO (Liner In / Liner Out) is a freight shipping rate of the loading goods into the ship in the logistics terms that includes the costs both loading and unloading of the cargo in and from the ship. (

What is the difference between Free out and liner out?

Liner In / Free Out (LIFO)Liner In / Free Out is the rate of freight including the costs of loading the goods on board a vessel at the departure port. In this case, the costs of unloading the goods will be paid by the recipient at the destination port separately. The opposite of LIFO is Free In / Liner Out (FIFO).

What is liner freight rates?

A Tariff in the liner world is a published list of charges applicable to the types of cargo normally carried on the trade concerned. The charges are based either on the weight carried, for heavy (dense) cargo, or on the volume taken up, for light cargo.

How much is a liner ship?

A vessel that has space for 500 to 1,000 passengers costs the cruise line about $394 million. Next, a ship that can accommodate 1,000 to 2,000 passengers costs $442 million. Ships get even more expensive as they get bigger. A ship with space for 2,000 to 3,000 passengers costs an average of $555 million.

What are liner companies?

While tramp ships had a long history, the liner companies were a product of the transport revolution in shipping. The passenger liners were the fastest, operating at a speed of 16-25 knots. They were symbols of national engineering prowess.

What is CIF Filo?

FILO (Free In / Liner Out) is a freight shipping rate of the loading goods into the ship in the logistics terms that includes the freight rate of cargo and the cost of offloading as per the customs of a port, but the loading of the cargo on the shipboard is not included in the freight rate. (

What is CFR liner out?

Liner Out means that the Line (Carrier) will pay the Terminal Charges.

What does FIFO mean in shipping?

First in first out (FIFO) warehousing means exactly what it sounds like. It's an inventory control method in which the first items to come into the warehouse are the first items to leave. Similar to the service industry concept of “first come, first served”, the FIFO method focuses on products, not people.

What does CIF free out mean?

Related Definitions CIF Free Out means CIF is as defined in the most recent edition of INCOTERMS (2010) as published by the International Chamber of Commerce (Paris, France) and Free Out means that Buyer shall arrange for and bear the expenses of unloading the Parcel form the vessel's hold at the Port of Discharge.

What is the usage of ship liners?

An ocean liner is a passenger ship primarily used as a form of transportation across seas or oceans. Liners may also carry cargo or mail, and may sometimes be used for other purposes (such as for pleasure cruises or as hospital ships).

What is the function of liner trade?

Every Liner used to give regular advertisement announcing its arrival and departure schedule enabling the merchants as well as their agents to plan for the shipments and to make the cargo available in the port in order to ensure loading of the cargo in the vessel.

What does ramp mean in shipping?

Ramp. Slang word for an intermodal terminal. Ramps were originally structured, permanent or temporary, from which trailers or machinery are driven onto or off of a railroad flatcar. Ramp-to-Door. A movement of lading from the intermodal ramp closest to the customer to the receivers from door (dock).

What does gate out empty mean in shipping?

A container gate out happens when the trucker picks up the laden container from the port of discharge and exits the terminal. The containers are then delivered to the consignee for receiving and unloading.

Can a bill of lading have two consignee?

The cargo can be transferred from one consignee to another. Also known as a negotiable bill of lading, the goods can be transferred multiple times as long as there is the consignee's signature.

How many types of bill of lading are there?

All three Bills of Lading have to be marked Original and the second and third should not be marked as duplicate or triplicate.

Who should be the shipper on a bill of lading?

The shipper: the one who is sending the goods, The consignee: the one who purchased and is receiving the goods. Carrier: The shipping company transporting the goods to the consignee.

Does the DOT require a bill of lading?

(a) You must issue a bill of lading. The bill of lading must contain the terms and conditions of the contract. A bill of lading may be combined with an order for service to include all the items required by §375.501 of this sub- part.

Does a bill of lading need to be signed?

A bill of lading needs to have three signatures on it: the shipper's, the carrier's, and the receiver's. The shipper's signature says that the quantity and quality of the loaded goods meet the industry standard. The carrier's signature verifies that when he received the load the cargo was in good condition.

Is OBL and MBL same?

A Bill of Lading maybe issued as a House Bill of Lading or a Master Bill of Lading.. A House Bill of Lading (HBL) is issued by an NVOCC operator, or a Freight Forwarder to their customers.. A Master Bill of Lading (MBL) is issued by the Shipping Line (Carrier) to the NVOCC Operator, or Freight Forwarder..

What is the difference between BL and OBL?

These two terms are used when referring to the type of bill of lading you'll be receiving. When booking directly with a shipping line, you will receive an OBL (ocean bill of lading), whereas if you book through a freight forwarder, you will receive a HBL (house bill of lading).

What is the difference between OBL and Telex release?

An Original Bill of Lading is a paper bill of lading that is issued to a customer. A Telex Release is an electronic release that is given in return for a surrendered bill of lading.

What is the difference between liner and tramp shipping?

Liner service follows a fixed route and schedule as well as the destination. Tramp service does not have a fixed schedule or route and is even available at a short notice. It is less expensive and even has the capability to fit in ships with lesser speed.

What is the owner of a ship called?

Definition of shipowner: the owner of a ship.

Why is the bill of lading important?

Whether you're shipping via LTL or parcel package, using a bill of lading is vital. This legal document not only provides details about the shipment to carriers, but it also provides a paper trail of information that protects the rights of the shipper.

Does a bill of lading give title to goods?

A bill of lading is a document of title, conferring title to the goods. In trade finance, there are two kinds of bills of lading: A straight bill of lading, if the goods are consigned directly to the buyer.

Is shipping bill and bill of lading the same?

Not to be confused with a BL or a shipping bill of lading is a receipt for freight services provided by the freight carrier and serves as a contract between the shipper and carrier. A BOL is issued by the carrier, as acknowledgement that the goods have been received from the shipper/exporter in good condition.

What is the difference between shipper and carrier?

Shipper is the person or company who is usually the supplier or owner of commodities shipped. Also called Consignor. Carrier is a person or company that transports goods or people for any person or company and that is responsible for any possible loss of the goods during transport.

Can the consignee be the shipper?

The two entities might be two international branches of the same company. Therefore, the shipper and the consignee can be the same.

Is the shipper the seller?

The party responsible for shipping the goods is the 'shipper' or 'consignor'. This would usually be the seller. The 'consignee' is usually the buyer and is the person named as consignee in the bill of lading.

Is the shipper the exporter?

What is the difference between shipper and exporter? The Shipper is the company who has sold the goods. The Exporter of Record is the business that is responsible for the correct export process of the goods out of the originating country.

What is the difference between master BL and House BL?

MBL is Master Bill of Lading issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms. HBL means House Bill of Lading issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination.

Is the consignee the shipper or receiver?

A consignee in shipping is listed on the bill of lading (BOL). This person or entity is the shipment receiver and generally the owner of the shipped goods. Unless there are other instructions, the consignee is the entity or person legally required to be present to accept the shipment.

How many containers are in a bill of lading?

Answer to Question 2 : Depending upon the requirement of the client (exporter or shipper or forwarder), a bill of lading can be issued per shipment or per container.. There maybe cases where there is 1 container – 3 bills of lading (Part Bill of Lading) or 3 containers – 1 bill of lading..

How long must a carrier Keep copies of a bill of lading?

Bills of Lading/Shipping Records All bills of lading and shipping records must be issued in accordance with Division 37.39 Motor Vehicle regulations and be kept with the carrier's records for at least 3 years.

What does Outgate mean in shipping?

The railroad terminal that a unit is brought to after being loaded for shipment. Outgate. Defines the event of a unit being taken from a railroad terminal by a trucking company. Top.

What is linear term in shipping?

Liner terms refer to conditions under which a shipping company will transport goods. It includes the amount payable for freight the cost both for loading and discharge of the cargo from the vessel.

What is laden container?

Laden containers are paying containers that need to be moved with the right balance of efficiency and precision within the container handling process. Konecranes laden container lift trucks offer a fast total operating speed (lifting + lowering + driving speed).

What is a drayage carrier?

It specifically refers to freight that is moved over a short distance. When you see shipping containers being transported by trucks along the highway, those are drayage trucks. In simple terms, a drayage trucker is someone who drives a truck that is transporting shipping containers.

What is chassis split?

Chassis splitting occurs when a trucker has to go to one place to pick up the chassis and another to get the freight, or is moving two separate containers that require separate IEP chassis. Adding hours of wait-time, chassis split delays are also aggravated by lack of roadable equipment and effective positioning.

What is a container flip?

A container flip occurs each time a container is lifted off the ground and placed on a truck chassis for transport on a street or roadway. As a shipper, however, you may be assessed an additional fee or flip charge if an extra flip is required in handling your container.

What are advantages of liner service?

Large Capacity: Liner ships have a huge capacity, hence it can carry a lot of goods. Which is why most businesses prefer liner shipping over air shipping. Another benefit of liner shipping is that you can choose the ship to match your cargo size so that you transport it in a safe and secure manner.

What is a container liner?

April 14, 2021 container liner. A Container Liner Bag is a protective packaging bag designed for shipping dry bulk cargo in a safe and controlled environment. Also called Bulk Container Liner, these bags are placed inside shipping containers to form a protective lining between the cargo and the container walls.

What are the duties and responsibilities of liner agent?

Berth/Anchorage Spot booking for the vessel with the port authorities (Call announcement). Liaison with the various service suppliers (Courier services, Water Taxis, Ship Chandlers, Fresh Water Supply, Bunker Suppliers, Transportation services etc) for scheduling and delivery of goods and services to the vessel.

Why is a ship called a liner?

Regular scheduled voyages on a set route on the sea are called 'line voyages' and vessels (passenger or cargo) trading on these routes to a timetable are called liners. In older usage, 'liner' also referred to ships of the line, that is, line-of-battle ships, but that usage is now rare.

What is difference between FOB and CIF?

The abbreviation CIF stands for "cost, insurance and freight," and FOB means "free on board." These are terms are used in international trade in relation to shipping, where goods have to be delivered from one destination to another through maritime shipping. The terms are also used for inland and air shipments.

Which is better FOB or CIF?

It is advised to go with the FOB option for shipping as the buyer gets control over the shipping process and the costs are comparatively cheaper. Whereas in CIF shipping, since the seller has the authority over shipping charges and arranging a ship with the help of a freight forwarder, the cost is higher.

Is CIF better than FOB?

Buyers generally consider FOB agreements to be cheaper and more cost-effective. That's because they have more control over choosing shippers and insurance limits. CIF contracts, on the other hand, can be more expensive. Since the seller has more control, they may opt for a preferred shipper who may be more costly.

What is VGM in export?

The Verified Gross Mass (VGM) is the weight of the cargo including dunnage and bracing plus the tare weight of the container carrying this cargo. SOLAS requires the shipper to provide VGM in a “shipping document,” either as part of the shipping instruction or in a separate communication, before vessel loading.

What is LIFO in shipping terms?

Last In / First Out: an accounting method used in managing a company's inventory. LIFO assumes that the products bought or most recently manufactured are sold first. 2. Liner In / Free Out: is the rate of freight including the costs of loading the goods on board a vessel at the departure port.

What does CFS stand for shipping?

CFS (Container Freight Station) refers to a warehouse where goods belonging to various exporters or importers are consolidated (grouped) or deconsolidated (degrouped) before being exported or after being imported.

What is the difference between liner out and free out?

Liner In / Free Out (LIFO)Liner In / Free Out is the rate of freight including the costs of loading the goods on board a vessel at the departure port. In this case, the costs of unloading the goods will be paid by the recipient at the destination port separately. The opposite of LIFO is Free In / Liner Out (FIFO).

What's the difference between CIF and CFR?

Cost and freight (CFR) is a trade term that requires the seller to transport goods by sea to a required port. Cost, insurance, and freight (CIF) is what a seller pays to cover the cost of shipping, as well as the insurance to protect against the potential damage of loss to a buyer's order.

What is free in liner out?

Free In / Liner Out refers to the rate of freight excluding the loading rate. This means, the cost of loading goods on board a vessel will not be included in the cost of shipping. However, the rate of unloading the goods at the destination port will be included.

What does FIFO mean in shipping?

First in first out (FIFO) warehousing means exactly what it sounds like. It's an inventory control method in which the first items to come into the warehouse are the first items to leave. Similar to the service industry concept of “first come, first served”, the FIFO method focuses on products, not people.

What is Liner charge?

Liner In / Liner Out refers to the rate of freight. The rate includes both the costs of loading goods at the port of departure and the costs of unloading the goods at the destination port.

What is liner freight rates?

A Tariff in the liner world is a published list of charges applicable to the types of cargo normally carried on the trade concerned. The charges are based either on the weight carried, for heavy (dense) cargo, or on the volume taken up, for light cargo.

Who issues the bill of lading?

A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. This document must accompany the shipped goods and must be signed by an authorized representative from the carrier, shipper, and receiver.

What does full liner mean?

FLT stands for “Full Liner Terms” and is a shipping term whereby the shipowner is responsible for the loading, stowage, trimming, transportation and unloading of the bulk cargo. The shipper is only responsible for delivering the cargo to the dock for loading.

What is the usage of ship liners?

An ocean liner is a passenger ship primarily used as a form of transportation across seas or oceans. Liners may also carry cargo or mail, and may sometimes be used for other purposes (such as for pleasure cruises or as hospital ships).