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Avani Ghangurde

Senior Associate, Public Relations at Drip Capital

Other Articles by Avani Ghangurde
Articles on Logistics

30 August 2022

Consignor And Consignee in Shipping - A Complete Guide

A consignor is an individual or business that initiates and organizes the process of shipping their goods. A consignor is a seller or exporter and is often referred to as the shipper. The consignor selects the carrier or shipping company for transporting the goods to the importer or buyer. The shipping company issues a bill of lading to the consignor once the carrier receives the goods in an acceptable condition and is ready to ship them to the buyer.

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Articles on Bill Of Lading

01 September 2022

What is A Master Bill of Lading? Meaning, Requirements & Example

Arguably, the most significant document in ocean freight is the bill of lading, a document that contains all the information related to the goods being exported, their destination, details about the exporter and importer, and other vital data that help quicken the logistics of ocean freight-based shipments.

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Articles on Shipping Containers

31 August 2022

What Are Smaller Sized Shipping Containers? Everything You Need to Know

The International Organization for Standardization governs the sizes and dimensions of shipping containers. This standardization of container sizes ensures that the goods are transported safely across the globe by truck, rail, or ship. The most popular shipping container size is the 20ft shipping container. But for businesses with limited shipping and storage needs, smaller sized containers are also available.

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Articles on Shipping Containers

24 August 2022

What is 40 feet container? Sizes & Capacity of 40ft Containers

40ft shipping containers are among the largest standard-sized containers available for storing and transporting goods across the globe. These containers' storage volume and versatility make them a staple of international trade. The dimensions of these shipping containers are measured uniformly in international trade using the imperial system (in feet and inches).

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Articles on Bill Of Lading

12 August 2022

What is A Switch Bill of Lading? Meaning, Procedure & More

In international shipping, a Bill of Lading (B/L) acts as a receipt and contract between the shipper and the carrier. It contains all the details needed to process the shipment and create accurate invoices. This document is crucial for maintaining transparency and complying with laws of two or more jurisdictions, especially during cross-border trading.

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Articles on Shipping Incoterms

04 August 2022

Know the Difference Between FOB and CIF Incoterms

International trade processes can be complex, especially for first-time traders to understand. Even seemingly simple concepts with their abbreviations and variations can baffle novice traders. One such set of abbreviations are the incoterms set by the ICC that clearly define the roles, responsibilities, duties & accountability of the exporter and importer in any given international trade transaction

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20 July 2022

Red Clause Letter of Credit - Meaning of Red Clause LC, Example & Types

A standard letter of credit (LC) is a documented promise from the buyer to the seller regarding future payments on the purchased goods. Adding a red clause into an LC enables sellers to receive advance payments from buyers to cover manufacturing, packaging, dispatching, and shipment expenses.

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Articles on Letter Of Credit

13 August 2021

Transferable Letter of Credit - Process Flow, Risks & Samples

A transferable letter of credit (LC) is a credit facility that the first beneficiary can transfer to another party or the second beneficiary. Such a financial guarantee is applicable when the sellers of goods are agents/dealers and are not the suppliers or manufacturers themselves.

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Articles on Logistics

09 July 2021

Telex Release | Meaning & The Complete Guide to Shipping

A telex release is an electronic message sent from an agent or a shipping line at the port of loading (POL) to the agent at the port of discharge. Further, this message paves the way for releasing the consignment mentioned in the bill to the customer/consignee without the OBL.

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Articles on Exporting

02 July 2021

Merchant Exports | Meaning & Process under GST

Merchant exports are goods that an exporter doesn’t manufacture but instead purchases from a local supplier for exporting to the buyer. These exports typically pertain to the export of goods and not services.

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