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Bill of Lading Template: Free Straight BOL (Word & PDF)
In general, a BOL is negotiable. A negotiable bill of lading refers to a document whose title can be changed, i.e., the ownership of the commodities can be changed from one party to another. One can transfer the ownership of the shipment to another party by signing the bill. In a negotiable bill of lading, the new consignee is free to transfer the ownership of the commodities to another person
Freight Class Calculator: How to Determine Freight Class
Free freight class calculator using the 2025 NMFC density scale. Get density, class and the updated freight class chart, plus how to determine freight class.
Intermodal Containers in Shipping - Complete Guide with Meaning & Types
The maritime logistics supply chain has undergone a paradigm shift with the advent of containerization to transport cargo. Intermodal containers facilitate the transport of raw materials and other cargo on various transport means.
TEU Meaning: What Is 1 TEU Container? Size & Capacity
A TEU (twenty-foot equivalent unit) is the standard measure of container capacity: one 20-foot container is 1 TEU and a 40-foot container is 2 TEU.
Shipping Guarantee in Import Export - Meaning, Process & Examples
In international trade transactions, An importer generally needs a bill of lading and a few other shipping documents to collect goods from the destination port. The bill of lading is issued by the shipping company to the exporter once the shipping company has inspected the goods. The exporter sends out the BL and other documents to the importer as presentation of these documents is a prerequisite for collection of the goods.
What Is TARIC Code? A Complete Guide on TARIC Code
Every commodity that is imported or exported attracts certain tariffs. The most common are export, import, and transit duties. Tariffs in the EU are governed by the TARIC code system, where each commodity’s TARIC code decides the tariff that will be applied to it.
Letter of Indemnity (LOI): Meaning, Format & Free Sample (2026)
A letter of indemnity (LOI) is a contractual document guaranteeing that specific provisions will be met between two parties in the event of a mishap leading to financial loss or damage to goods.
What is Cargo Insurance? Cargo Insurance Meaning, Types & Benefits
When the freight or cargo is in transit, it is susceptible to damage due to unpredictable events on road or sea. In case of an explosion due to road accidents or the sinking of container ships, the carrier liability will not be enough to compensate for the loss of cargo owners.