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What is a letter of LOI?

What is a letter of LOI?

Letter of Indemnity, abbreviated as LOI, is a document that functions under Habsburg rules, which allows the carrier of goods to release them to the consignee without a proper and original bill of lading. This document is a letter of guarantee, at the same time...
What is the CN code?

What is the CN code?

In transportation and shipping, it is necessary to know and use many specialized designations. Among them are CN codes relating to the Combined Nomenclature. Their knowledge is extremely important for both import, export and the new VAT rate matrix. What are CN codes...
Freight forwarding and groupage transport – key information

Freight forwarding and groupage transport – key information

Less-than-container load (LCL) transport is the carriage of shipments of small dimensions, relatively light weight and varied shapes. It is organized when there are not enough goods from one company to fill a container or trailer space. Less-than-truckload freight...
What does a ship agent do and how to become one?

What does a ship agent do and how to become one?

A ship’s agent is a profession that is associated with the complex handling of sea freight. These people act as representatives of shipowners, operating in their specified area or in a designated port. Familiar with local conditions, they work closely with ship...
Transportation of fuels by sea – learn the most important rules

Transportation of fuels by sea – learn the most important rules

Fuels are classified as dangerous goods, which makes the rules for their transportation strictly defined by law. We are talking about the ADR international convention on the carriage of dangerous goods by road, the RID regulations for the international carriage of...
FCL or LCL freight – which to choose?

FCL or LCL freight – which to choose?

Ocean freight is one of the most cost-effective types of cargo transportation, used most often for importing goods from China. We can divide it into two types: FCL (Full Container Load) and LCL (Less Container Load). The abbreviation FCL refers to full container load...