IMPORTANCE OF PROPER FREIGHT NOTATION IN BILL OF LADING (Clearing and Freight Forwarding, Import and export companies in Ghana)

Freight may be defined as the price that is charged by a transport operator to transport cargo from Point A to Point B as per a mutually agreed contract.


1) Freight Prepaid – Shipping line is certifying that the freight for the carriage of the cargo has been paid at the origin port;

2) Freight Collect – Shipping line is certifying that the freight for the carriage of the cargo has to be paid at the destination port;

3) Freight Payable at XXXXXXX – Shipping line is certifying that the freight for the carriage of the cargo has to be paid at a specified location, which could be different from the port of load or the port of discharge.
It is important that this notation is mentioned very clearly without any ambiguity on the bill of lading.
If you look at a bill of lading issued, it shows very clearly what has been prepaid and this removes all ambiguity between the shipping line and the receiver.
If the freight terms are not made clear, then there could be delays at the time of delivery at destination and that could create additional charges such as demurrage and/or detention..

There are several notations/clauses that are used in a bill of lading and one such important notation relates to “Freight”.

Freight may be paid at various places based on which the notation on the bill of lading will change. Freight notations may read as below :

The reason is that while freight is commonly construed to be “ocean freight”, what the freight covers depends on what type of bill of lading has been issued, whether Port to Port, Combined Transport/Multi-Modal or Through Bill of Lading..

For example, if the shipping line issues a Combined Transport Bill of Lading whereby they undertake to move the cargo from Door to Door, and the bill of lading is claused Freight Prepaid, it could mean that the shipping line or its agent at origin has collected the full price for movement of this container from Shipper’s door to Receiver’s door.

It could get a bit complicated when you consider the various options in freight in Master Bill of Lading and House Bill of Lading..

But once the concept is understood and the responsibilities about who pays for what in a shipment are made clear, then it should be fine.

https://plus.google.com/u/1/112620650556318004758/posts

OUR SERVICES (Clearing and Freight Forwarding, Import and export companies in Ghana)

Services

The main services provided by Logical Maritime Services Limited can be classified as follows;

Shipping Services

1. Clearing and Forwarding
2. Consultancy on Shipping
3. Warehousing
4. Transportation of Heavy Equipments and Project Cargoes
5. Imports and Exports

Forwarding and Global Transportation

1. Door to Door Transportation Services
2. Transit Services
3. Multimodal Transport & Forwarding
4. Logistics and Transport Arrangements
5. Customs Formalities and Clearance (GC-Net Services)

https://plus.google.com/u/1/112620650556318004758/posts

LOGICAL MARITIME SERVICES LIMITED (Clearing and Freight Forwarding, Import and export companies in Ghana)

The decision to set up Logical Maritime Services Limited was based on the need to develop specialized capabilities in shipping management, operating and freight forwarding.

With the expansion of involvements in freight forwarding, LMS has developed the shipping agency capabilities to an extent; we have been handling large tonnages of various

types of vessels over the years.

We offer a complete range of logistical solutions to suit importers andexporters in Ghana. In today’s globalization process, we find constant acquisitions of large multinational freight forwarders and shipping lines. We at LMS benefit from the globalization process as we have identified in the market a need for true personalized service to suit your international logistic requirements. We are one of the top Freight Forwarding Companies within Ghana, providing professional global transport solutions to our clients.    

We take great pride in providing the most cost effective and time-efficient international freight forwarding services.
Our customers value consistency and reliability with their shipping agent which we have demonstrated with true professionalism. We facilitate and value the needs of importers and exporters who expect quality information delivered with integrity and reliability.

Part of the ongoing company success is attributed to encouraging our customers to concentrate on their own businesses and improve their market share, while leaving the logistics of global transportation to us with confidence. We view ourselves as your shipping department in your organization. We are committed 100% to monitoring your consignments.

LMS’s, main responsibility is simply moving your precious commodities from point A to point B in a safe and time/cost effective way. We will handle the complete movement representing our customers’ interests all the time.

OIL & GAS

Our primary focus is servicing the needs of our customers worldwide. We believe that every oil and gas producing region of the world has its own unique set of challenges and opportunities, and that the needs of our customers can best be met by applying innovative engineered solutions that are specific to that region. Chalking success in this Indstry is advanced by utilizing best-of-class equipment and technology, delivered safely by highly trained and reliable staff such as ours.

 OUR VALUES

Logical Maritime Services, is committed to implementing policies, procedures and strategies that respect the core values amongst which are, health, safety  and environment, performance improvement, valuing all people, and acceptable business ethics.

https://plus.google.com/u/1/112620650556318004758/posts