Introduction to Trade

Tonnage in Shipping There are two main ways to measure the tonnage of a ship: either by its internal volume or by the weight of its cargo. In the past, the former method was used, but today the latter is more common. Tonnage is thus now defined as the total number of...

Reefer Containers Reefer containers, also known as refrigerated containers, are specialized shipping containers designed to keep perishable goods fresh during transport. Reefers are outfitted with a refrigeration system that can be powered by an external power source...

House Bill of Lading The House Bill of Lading is a key document in shipping as it outlines all of the information regarding the shipment, including who is responsible for what, where the shipment is going, what is being shipped, and when it is being shipped. This...

Telex Release A Telex Release is an electronic shipping message sent from an agent at the port of loading (POL) to the agent at the port of discharge (POD). This message confirms that the non-negotiable Original Bill of Lading (OBL) has been surrendered to authorities...