Description of Parties Involved in an International Shipment
Please reference the information below to understand the parties involved in an international ocean freight shipment.
Exporter: Natural or legal individual that makes a sale to a foreign country.
Freight forwarder: A business that plans, coordinates and monitors all operations necessary for the transport and international freight logistics, including auxiliary services and any kind of communications.
Customs Agent: Natural or legal person authorized to perform, on behalf of others, the formalities of customs clearance of goods: produce documents, request inspections, pay duties and taxes.
Shipping company: Legal owner of a vessel or vessels transporting goods to different ports, following particular routes or lines.
Shipping agent: Natural person or legal representative of the shipping company in a given port. The shipping agent organizes the administrative tasks carried out during the ships stay at port. They also handle functional tasks related to the carrying of merchandise and related documents.
Consolidator: Intermediary who sells cubic meters of container space destined for a particular port and groups goods from various exporters to fill a full container. Any company that has a small volume to ship will use this actor.
Carrier: Responsible for transporting the container from a specified location to the destination port.
Insurance: Insurance companies, cover any incidents that may occur during the transport of goods by charging a premium. A large number of items are secured to prevent loss.
Banks: Offer a variety of products and solutions in the field of international business (documentary credits, export credits…)
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