A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
Commercial invoice
What is a commercial invoice in shipping?
A commercial invoice is a crucial document used in international trade transactions to provide details of the goods being shipped and their corresponding value. It serves as a formal request for payment from the buyer to the seller and is essential for customs clearance and regulatory compliance.
How to create a commercial invoice
To create a commercial invoice, sellers must include specific information such as the names and addresses of the buyer and seller, a detailed description of the goods, quantity, unit price, total value, and applicable incoterms. Additionally, it should include details of payment terms, shipping terms, and any additional charges or fees.
Proforma invoice vs. commercial Invoice
While a proforma invoice is a preliminary bill issued before the completion of a transaction, providing an estimate of costs and terms, a commercial invoice is the final invoice issued after the shipment has been made. Unlike a proforma invoice, a commercial invoice is a legally binding document that serves as proof of the transaction and is required for customs clearance and payment processing.