Charges assessed for services rendered within the container terminals or with respect to containers which will be processed through terminals. When delivery or pickup of the goods is expected to be at a container terminal, traders are well advised to…
Read MoreThird-party beneficiary
An individual or legal entity that benefits from, but it not a contracting party of, a contract between two or more other individuals or legal entities.
Read MoreThird-party logistics
Most of exporters and importers employ outside logistics expertise that are experts in their industry and should therefore concentrate only in operations of a specific sector (food and wine, automotive industry). On the other hand, third party logistics providers are…
Read MoreThrough bill of lading
A single bill of lading covering receipt of the cargo at the point of origin for delivery to the ultimate consignee, using two or more modes of transportation. See bill of lading.
Read MoreThrough rate
A freight cost that includes pre-carriage, on-carriage or both, in addition to main carriage.
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