Untitled Document

Untitled Document  
   Home
   Shipping LCL
   Air freight
   Transport Services
   Fedex/DHL
   Shipping News
   Shipping Quotation
   Payment terms
   Packing
   Contact Us
Thailand
 

 

 

 

 

 

SHIPPING terms and Abreviations

Thailand directory and Thailands No1 original Trading Post

   

 

 

In-Transit Entry (I.T.)

Allows foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed.

Import License

A document required and issued by some national governments authorizing the importation of goods.

In Bond

Cargo moving under Customs control where duty has not yet been paid.

Inland Carrier

A transportation line that hauls export or import traffic between ports and inland points.

Inspection Certificate

A certificate issued by an independent agent or firm attesting to the quality and/or quantity of the merchandise being shipped. Such a certificate is usually required in a letter of credit for commodity shipments.

Insurance, All-risk

This type of insurance offers the shipper the broadest coverage available, covering against all losses that may occur in transit.

Inward Foreign Manifest (IFM)

A complete listing of all cargo entering the country of discharge. Required at all world ports and is the primary source of cargo control, against which duty is assessed by the receiving country.

Irrevocable Letter of Credit

Letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee and which cannot be revoked without joint agreement of both the buyer and the seller.

Issuing Bank

Bank that opens a straight or negotiable letter of credit and assumes the obligation to pay the bank or beneficiary if the documents presented are in accordance with the terms of the letter of credit.

L/C

Abbreviation for "Letter of Credit."

Lading

Refers to the freight shipped; the contents of a shipment.

LCL

Abbreviation for "Less than Container Load." The quantity of freight which is less than that required for the application of a container load rate. Loose Freight.

Letter of Credit (LC)

A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time. Some of the specific descriptions are:


- Back-to-Back: A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three-party transaction.


- Clean: A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.


- Confirmed: An L/C guaranteed by both the issuing and advising banks of payment so long as seller's documents are in order, and the L/C terms are met.  Only applied to irrevocable L/C's. The confirming bank assumes the credit risk of the issuing bank.


- Deferred Payment: A letter of credit issued for the purchase and financing of merchandise, similar to acceptance-type letter of credit, except that it requires presentation of sight drafts payable on an installment basis.


- Irrevocable: An instrument that, once established, cannot be modified or cancelled without the agreement of all parties concerned.


- Non cumulative: A revolving letter of credit that prohibits the amount not used during the specific period from being available afterwards.


- Restricted: A condition within the letter of credit which restricts its negotiation to a named bank.


- Revocable: An instrument that can be modified or cancelled at any moment without notice to and agreement of the beneficiary, but customarily includes a clause in the credit to the effect that any draft negotiated by a bank prior to the receipt of a notice of revocation or amendment will be honored by the issuing bank. Rarely used since there is no protection for the seller.


- Revolving: An irrevocable letter issued for a specific amount; renews itself for the same amount over a given period.


- Straight: A letter of credit that contains a limited engagement clause which states that the issuing bank promises to pay the beneficiary upon presentation of the required documents at its counters or the counters of the named bank.


- Transferable: A letter of credit that allows the beneficiary to transfer in whole or in part to another beneficiary any amount which, in aggregate, of such transfers does not exceed the amount of the credit.  Used by middlemen.


- Unconfirmed: A letter of credit forwarded to the beneficiary by the advising bank without engagement on the part of the advising bank.

Letter of Indemnity

In order to obtain the clean bill of lading, the shipper signs a letter of indemnity to the carrier on the basis of which may be obtained the clean bill of lading, although the dock or mate's receipt showed that the shipment was damaged or in bad condition.

Negotiable Instruments

A document of title (such as a draft, promissory note, check, or bill of lading) transferable from one person to another in good faith for a consideration. Non-negotiable bills of lading are known as "straight consignment." Negotiable bills are known as "order b/l's."

Ocean Bill of Lading (Ocean B/L)

A contract for transportation between a shipper and a carrier. It also evidences receipt of the cargo by the carrier. A bill of lading shows ownership of the cargo and, if made negotiable, can be bought, sold or traded while the goods are in-transit.

On Board

A notation on a bill of lading that cargo has been loaded on board a vessel. Used to satisfy the requirements of a letter of credit, in the absence of an express requirement to the contrary.

Order-Notify (O/N)

A bill of lading term to provide surrender of the original bill of lading before freight is released; usually associated with a shipment covered under a letter of credit.

Original Bill of Lading (OBL)

A document which requires proper signatures for consummating carriage of contract. Must be marked as "original" by the issuing carrier.

Packing List

Itemized list of commodities with marks/numbers but no cost values indicated.

Pro Forma Invoice

An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and specifications (weight, size, etc.).

Pro Rata

A Latin term meaning "In proportion."

More [ SHIPPING ABREVIATIONS B-C ] [ SHIPPING ABREVS D-F ] [ SHIPPING ABREVS I- P ] [ SHIPPING ABREVS Q - Z ]

The above prices are estimations only and the cost of Containers changes monthly but this gives you an idea of what you will have to pay. All charges include the Local Thai charges for outgoing containers. WE ALSO BUY 20 & 40ft FCL empty containers.

 

Ocean Full Container Load Port To Port & LCL any quantity of goods.
Shipping Lines we select offer reliable sailing dates with just transit times at competitive rates.
Services include :
Scheduling appropriate sailing date
Seal container ready for ocean transportation
Prepare export declaration for our customer & arrange DHL direct to you.
Deliver container to port of exit
Container is Ocean freighted to destination port
In addition to all the cautious steps we take for your shipment, we also provide full coverage insurance from first rate companies if wanted.

We can book your container for a specific date
Complete packaging service & quality control
Wood crate items as well
Label and count number of pieces with invoices
Load items into container securing for a secure anti-friction transit

We also oversee all garment exports and can supply DFT C/O for Germany& in 2010 we have a license to export Thailand Arabica Coffee--green & roasted beans.

[ Check what a quote looks like ]

 
Untitled Document
 
 
 
 
Currency Converter  
 

Our own coffee

* Worldwide sales

* No minimums

* Green or roasted

* Packed to your specs

Our Other Lines

* Outsourcing for overseas customers

* Charcoal sales

* Rubber tyre scrap

* Metal scrap

* Tyres, machine parts

* Injection molding

* Commodity sales

 

 
Untitled Document
 
 
 
* WELL ESTABLISHED German/Thai/NZ owned - Operating since 1998
* QUALITY ASSURANCE - DFT Dept foreign TradeRegistered.
* PROFESSIONALISM - Members of EAN Thai Federation of Industries
* LOGISTICS & OWN PACKING - Pickup & deliver to your door anywhere in Thailand, Laos, Myanmar & Cambodia
* COMPETITIVE RATES - We pass on our bulk buying rates.
* CUSTOMER SERVICE - Friendly, English speaking experienced staff.
* CUSTOMER Storage & warehousing for all shipments & for buyers.
Logistical Import Clearing and Exports by land, air and sea
email us: export@pobox.com
 
`

[ See shipping docs ] [ Shipping LCL sea ] [ Klong Toey & Laem Chabang Ports ] [ Shipping Personal ] [ Shipping Cars sea ] [ Shipping Car Info ] [ Shipping Trucks-Bulk carrier decking ] [ Shipping Trucks,heavy machinery ] [ Imports & clearing ] [ Temp Imports Cars, bikes,boats ] [ Go to Packing ] [ Garment Packing ] [ Cardboard Box for sale ] [ See Fumigation crates ]

[FOR SALE: containers all sizes ] [ FCL 20 & 40ft containers ] [ FCL 20 & 40ft costs ] [ FCL 20ft used container Pattaya ] [ Shipping terms & abreviations ] [ Shipping World entry Ports ] [ Airports USA ] [ Shipping Containers FCL ] [ Shipping Links ] [ Injection Moulding services ] [ Double injection Moulding services ] [ Cabana Arabica Coffee exports ] [ Truck & Bus Tyres: recaps ] [ Truck & Bus Tyres: recaps ] [ Truck & Bus Tyres R1: used no recap ] [ Truck & Bus Tyres:shipping ] [ Truck & Bus cost & sizes ] [ Truck & Bus Tyres: scrap tyres ] [ Charcoal shipping ] [ Arabica Coffee shipping ] [ Ships for sale ] [ Toolboxes:shipping ] [ List of export items we ship ] [ Shipping container sizes ] [ Kabinworks kitset homes ]

[ Bangkok Suk Soi 3-4 Budget Hotels ] [ Visa Runs ]

EXPAT HELP LIVING IN PATTAYA:[ Pattaya Info ][ Pattaya Immigration Office ] [ Pattaya TOT or TTnT who to use ] [ Pattaya Post Office locations ] [ Pattaya Telephone Numbers ] [ Pickup loads & highway travel ]

Thailand directory and Thailands No1 original Trading Post for exports, directories shipping

 
 
Copyright 2008 Bangkokshipping.com . All Rights Reserved.