A specialist in handling overseas shipping details of exports and imports.
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UK: Party that arranges the shipping of goods overseas but does not normally take possession of the goods. Freight forwarders operate under the British International Freight Association Conditions 2000. The conditions limit liability to 2 SDRs (approx.) per tonne subject to a cap based on the value of the goods. Claims should be made within 14 days of awareness of the ‘event’, legal actions should be brought within 9 months. The maximum liability for delay is twice the amount of carriage charges
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These are intermediaries having close relationship with the shipper, consignee, ship-owners and their Agents. They act as shipper’s antenna and providers them all shipping information relating to developments in shipping services, tendencies in freight rates, handling & storage facilities in ports etc.