Defining A Freight Forwarder and Freight Forwarding
Freight Forwarder
- A freight forwarder can be a person or a company, that dispatches the shipments or arrange carriers as well as space and transportation for the goods to within the country and outside the country.
- A freight forwarder undertakes many complex activities and is known by several names in the industry each depending on the range of services provided and country of origin.
- Some of the alternative names include
- Forwarding Agent,
- Clearing Agent
- Freight Broker,
- Freight Agent,
- Freight Forwarding Agent,
- Customs Agent
- A freight forwarder acts as an agent when he performs functions on behalf of, and under the instructions of, the principal (the exporter or importer).
- As an agent, the forwarder will procure the services of third parties who will perform the packing, storage, transport, handling and customs clearance of the goods
Freight Forwarding Services
- Freight Forwarding Services means services of any kind relating to the carriage, consolidation, storage, handling, packing or distribution of the Goods as well as ancillary and advisory services in connection therewith, including but not limited to customs and fiscal matters, declaring the Goods for official purposes, procuring insurance of the Goods and collecting or procuring payment or documents relating to the Goods.