Difference between LCL and FCL
What does LCL and FCL mean? FCL refers to “Full Container Load” whereas LCL means “Less than Container Load”. Both these terms are used quite often and commonly in international…
Straight Bill Of Lading
What is a straight bill of lading? A straight bill of lading is a type of transport document that is non-negotiable. A straight bill of lading can also be referred…
High Sea Sales: What are they?
What are High Sea Sales? A High Sea Sale transaction (also known as HSS), is a transaction carried out while the shipment is still somewhere out at sea. Such transactions…
Letters of Credit: How Do They Work?
The concept of a letter of credit is easy to understand if you already have some knowledge of escrow services. Basically, the bank acts as an independent 3rd party, holding…
