Ocean freight is one of the most important modes of international transportation. Ocean freight has several advantages over other modes of transportation. If you are thinking to starts a freight forwarding business, read this article to full length. This article will provide a complete guide on ocean freight.
What Is Meant by Ocean Freight Shipping?
Ocean or sea freight is the medium of transporting goods internationally. It is one of the oldest, most widely used transport methods, cost-effective, and reliable freight forwarding option. For the transport of heavy machinery or bulky shipment, ocean freight is the best option.
What are the different types of ocean freight?
For the transport via the ocean, you got options of selecting the containers for the transportation. Containers offer an extra layer of security and safety to the consignment. There are two main types of container options shippers have.
If you have to deliver the bulk consignment, you need the FCL. FCL is the full consignment load. Under the FCL; your consignment will be delivered in a single container. FCL offers more security and
LCL or less than a container load is one of the best options for people who want to deliver small shipments. If you want an economical shipment; it is the best option. You can share the container with other shippers. Under this, you will pay for only the space your consignment takes.
How Does Ocean Shipping Works?
Ocean shipping is one of the most economical methods. But at the same time, it is the most complex mode of transportation. It requires high skills, knowledge, good networks, efficient staff, and adequate stratifies. That’s why most people rely on only trusted ocean freight companies. KS trading is a trusted group; it provides reliability and gives you the best services at an economical fee. KS trading takes care of the packaging, warehousing, inventory management documentation, loading, unloading, and at least safe delivery.
The Basic Intercoms of The Ocean Freight
There are three basic intercoms used in the ocean freight industry, and you need to know about them; before starting the business. Let’s discuss the three intercoms.
FOB, Free on Board
Free on board is the intercom between the seller and the buyer. They signed the deal to take responsibility for the consignments. Under this intercom, the seller handles responsibility for the almost all the transportation processes like loading, unloading, packaging, covering, and processing. After that, the buyers receive the consignment and deliver it to its destination as soon as possible. In this, the buyers have the least responsibility, and sellers have the most responsibility
EWX (EX works)
In this intercom, the significant responsibility is on the buyers. In this, the seller and the dealer have the least responsibilities, because the buyer purchases the goods themselves. All the responsibility of buying, transporting, and delivering the goods is on the buyer’s shoulder. It is one of the beneficial intercoms for the sellers.
Delivery Duty Paid (DDP)
In the DDP, buyers and the shippers share the responsibility of the consignment. The buyer and the shipper share the responsibility associated with the risk of the consignment transportation. But the seller bares the maximum responsibility for most of the risk of this intercom. The seller handles the responsibility of managing all the significant risks like the shipping cost, security, and soundness of the consignment.
Ocean freight is one of the most reliable methods of transportation. It is efficient, reliable, and economical. People have been using this method for years. It is reliable to choose the ocean freight for the transportation of your goods, but make sure to choose a trusted group like KSL trading for your ocean freight.