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Carrier insurance in the shipping industry protects the carrier’s interest from economic losses and legal implications that may arise while shipping goods. In the transport industry, many stakeholders are involved, be it the shipper, buyer, or carrier. The carrier is the one who carries goods from one place to another. They are available on that mode of transport 24 hours a day. So, there is a possibility that they can be blamed for any type of risk or damage to the goods. So, carrier insurance comes into the picture to protect the carrier’s interest in unexpected incidents like theft or natural disasters.  In this article, we will discuss what carrier insurance is, the aspects covered under it, and the benefits it offers in the shipping industry.  What is carrier insurance?  Carrier insurance protects carriers against damage, theft, or loss of their goods during transportation. This ensures the seamless delivery of goods and simultaneously protects the carrier's an...

To manage the complex international trade structure, shipping companies must adhere to a set of shipping regulations. One of the compliance is the shipping bill. A shipping bill is an application the exporter must fill out while transporting goods from one country to another. They must go through certain legal formalities, licenses, paying duties, taxes, and tariffs to ensure a smooth journey without legal hindrance. As a bill, it helps organizations have a uniform record of the companies' expenses and the products they carry.  In this comprehensive guide to the shipping bill, we will decode all the formalities under it, its types, and its content. We will also discuss the documents that you need for a shipping bill.  What is a shipping bill for exports? A shipping bill, a type of Bill of Lading (BOL), is a foundation document proving that transporting goods from one place to another is legal. The exporter or any other higher representative issues the document and ma...

International shipping is a method of transporting goods, usually by sea routes, not other means of transportation like roadways and airways. This is the most important reason for increasing the value of the goods.  International cargo shipping has been the leading means of transportation for many years.  With the rapid growth of e-commerce, many smaller businesses now require international transportation . This article will teach how international shipping works and what documents are required. How does international shipping work?  The international shipping process typically involves several key steps, outlined as follows:  Order placement: The most crucial part of the shipment procedure is placing the order for domestic or international shipping. Document preparation: Before the goods reach their designated destination, the exporter needs to prepare various documents, including a bill of lading, invoice, and packing list....