In the freight value chain, the movement of goods from origin to final destination involves a series of transactions. These include activities such as booking the order with a vendor, receiving payment, loading the consignment onto a carrier’s ship, unloading at a port of loading and finally unloading at the final destination. In most cases, these activities are independent of each other. Sometimes, however, they may overlap. For instance, in some cases it is possible that different ports handle different stages of processing orders for shipping goods from origin to final destination. In such instances where multiple ports process freight shipments for the same origin-destination point and final destination is common for all ports handling shipments from an origin to that point; it is necessary to establish what is called ‘freight payment principle’ which will have implications on how freight payments need to be made between those various stages in conventional transactions.
Port of Loading
When a shipper places an order with a freight forwarder or a shipping line, the shipment is usually sent to a port of loading. This is normally a specialized port where the goods are transferred to other ships, rail cars, trucks, or containers. The goods are loaded into containers or other transport at the port of loading. The goods are then transferred to another container or transport at the port of intermodal transfer, which may be a port near the origin, or a port near the destination. The port of intermodal transfer is a port where different modes of transport are combined or ‘intermixed’, such as when shipping containers are ‘jacked’ together and moved to a storage facility or ‘receiving dock’.
Port of Final Destination
When goods are received at a destination port, their transportation to the consignee is handled by a freight forwarder who books that shipment with the carrier who handles transportation to the destination. When goods are delivered at the destination, the freight forwarder is responsible for transferring the lading to the shipper, who is responsible for the payment of freight. This may be either in the form of cash or a bank transfer.
Payment at Origin
Usually, when goods are booked for shipment and the order is for both port of loading and port of final destination, the earliest transaction is the payment at the origin. This may happen when the goods are booked from a vendor and shipped to a customer. This may also be the case when the shipper places an order directly with a carrier. In that instance, the customer orders the goods, and the carrier picks them up from the customer’s warehouse, arranges transportation and secures a bill of lading for transporting the goods to origin. The customer is responsible for paying cash or receiving some sort of payment against the bill of lading.
Difference Between Payment at Port of Loading and Final Destination
In the freight value chain, the movement of goods from origin to final destination involves a series of transactions. These include activities such as booking the order with a vendor, receiving payment, loading the consignment onto a carrier’s ship, unloading at a port of loading and finally unloading at the final destination. It is important to note that the shipping process of goods from origin to final destination does not stop at the shipping point for the goods at the port of loading. The shipper’s order has to be transported from the origin to the port of loading and then from the port of loading to the port of final destination. The process of transportation is called transport of goods.
Freight Within the Country
When goods are transported from the port of loading to the port of final destination, the transportation process is said to be at the ‘interstate’ level. While the transportation process is interstate between the port of loading and the port of final destination, the transportation process is said to be ‘intrastate’ at the ports of loading and final destination. When goods are delivered at the destination, the freight forwarder is responsible for transferring the lading to the shipper, who is responsible for the payment of freight. This may be either in the form of cash or a bank transfer. When goods are transported from the port of loading to the port of final destination, the transportation process is called ‘intrastate’ transportation. In intrastate transportation, the carrier owns the transportation rights of the goods.
Conclusion
The movement of goods across international borders involves a series of transactions at different stages, such as booking an order with a vendor, receiving payment, loading the consignment onto a carrier’s ship, unloading at a port of loading and finally unloading at the final destination. It is important to note that the shipping process of goods from origin to final destination does not stop at the shipping point for the goods at the port of loading. The shipper’s order has to be transported from the origin to the port of loading and then from the port of loading to the port of final destination. Transportation is the process of moving goods from one place to another by means of transportation. Transportation is the movement of goods from one place to another, from one owner to another. Transportation is the movement of goods from the port of loading to the port of final destination. Transportation involves three activities: booking, shipping and receiving. Transportation involves the movement of goods from the port of loading to the port of final destination. Transportation involves three activities: booking, shipping and receiving. Transportation involves the movement of goods from the port of loading to the port of final destination.