What is a Piracy Risk Surcharge (PRS)?
A study by One Earth Future Foundation showed that Sea piracy costs the global economy…
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What is a Pre-Alert in Shipping?
Shipping cargo requires a good amount of documentation and preparation, especially for shipments that have…
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What is a Standard Carrier Alpha Code (SCAC)?
In the early 20th century, there was no standardized way to identify transport carriers. In…
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How to Get a Job on a Container Ship
The shipping industry accounts for about 90% of all trade and there are more than…
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What Is a Letter of Indemnity in Shipping?
When it comes to moving cargo via sea, carriers typically issue a bill of lading…
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What Does Declared Value for Carriage Mean?
When moving freight through a carrier using various different shipping methods, you’ll typically see a…
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What Is a Minimum Quantity Commitment (MQC) in Shipping?
The ocean freight market is often unpredictable, where rates, equipment, space and allocations can change…
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What Is the Inland Waterway Tax?
Inland waterways in the United States have about 578 million tons of cargo moved by…
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What are Inland Haulage Charges (IHC) and When are They Paid?
Locations that are further away from shipping ports will require an additional transportation leg to…
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What is a Traffic Mitigation Fee (TMF)?
Sea ports regularly face heavy truck congestion, especially during peak hours. These peak hours are…
