What Is A Gulf of Aden Surcharge?
Situated in the Indian Ocean between Yemen, the Arabian Sea, and countries like Djibouti and…
How to Open a Shipping Container
In 1956, Malcom McLean revolutionized the freight industry by introducing intermodal shipping containers that allow…
What Is a Carting Order?
A carting order, also referred to as a cart chit or cart ticket, is a…
Documents Against Acceptance (DA) Payments: Buyer’s & Seller’s Guide
Most savvy importers and exporters are familiar with various types of payment terms, such as…
Contract of Affreightment (COA): Definition, Types & Comparisons
Shipping cargo via sea freight is one of the most popular modes of transport in…
What Is The Conoco Weather Clause (CWC)?
A charter party is contracted when a shipowner allows another party (commonly referred to as…
Whether In Berth or Not (WIBON)
WIBON is a condition in a charter party agreement that affects the computation of the…
What Is FHEX?
There are various types of liner terms that make up a charter party, which is…
What Is a Genset in Shipping?
Reefer containers are temperature controlled, which allows for easy transportation of temperature-sensitive cargo such as…