18:51
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LSDefine
Simple English definitions for legal terms
freight forwarder
Read a random definition: Dodd-Frank: Title XII - Improving Access to Mainstream Financial Institutions
A quick definition of freight forwarder:
A freight forwarder is a person or company that helps other people or businesses ship their goods. They can work for the owner of the goods or the carrier, or they can work independently. They are responsible for making sure the goods are delivered safely and on time. Sometimes they are called third-party logistical service providers or forwarding agents.
A more thorough explanation:
A freight forwarder is a person or company that helps businesses ship goods to their destination. They act as a middleman between the shipper and the carrier, making sure that the goods are transported safely and efficiently.
For example, if a company in the United States wants to ship products to a customer in Europe, they might hire a freight forwarder to handle the logistics. The freight forwarder would arrange for the products to be picked up from the company's warehouse, transported to the port, and loaded onto a ship. They would also handle any necessary paperwork, such as customs forms and bills of lading.
Another example might be a small business that wants to import goods from China. They might not have the resources or expertise to handle the logistics themselves, so they would hire a freight forwarder to handle the process for them.
Overall, a freight forwarder is an important part of the global supply chain, helping businesses of all sizes get their products where they need to go.