Meaning of foreign freight forwarder
Foreign Freight Forwarder
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International trade
Glossary of international trade terms
Meaning and definition of foreign freight forwarder :
A corporation carrying on the business of forwarding who is not a shipper or consignee. The foreign freight forwarder receives compensation from the shipper for preparing documents and arranging various transactions related to the international distribution of goods. Also, a brokerage fee may be paid to the forwarder from steamship lines if the forwarder performs at least two of the following services: (1) coordination of the movement of the cargo to shipside, (2) preparation and processing of the Ocean Bill of Lading, (3) preparation and processing of dock receipts or delivery orders, (4) preparation and processing of consular documents or export declarations, and (5) payment of the ocean freight charges on shipments.
For the term foreign freight forwarder may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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Glossary of international trade terms
Foreign Freight Forwarder
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