The contracting process is crucial for freight forwarders to manage one’s risk and avoid undue liability exposure. This best practice guide provides general considerations during any contracting process, delving into the overall stages of the process and providing guidance regarding what to watch out for and the essential contractual clauses to consider.
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A Freight Broker – Carrier Service Agreement is an important document for establishing clear expectations and responsibilities between the parties, ensuring a smooth and lawful operation within the logistics and transportation industry. The CIFFA document is a legal agreement outlining the specific terms and conditions of the working relationship between the carrier and freight broker.
A House Bill of Lading (HBL) is a BOL created by an Ocean Transport Intermediary (OTI), such as a freight forwarder or non-vessel operating company (NVOCC), and is issued to the supplier once the cargo has been received. The HBL is an essential document in shipping, as it’s the formal acknowledgment of the receipt of goods being shipped.
The CIFFA Credit Application is a standard form that can be used to extend payment privileges to a member’s client.