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We have come up with the list of frequently used terms in the shipping and logistics business to help you make sense of them and provide more information on what each term entails.
A freight forwarder, forwarder, or forwarding agent, is a person or company that organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution. Forwarders contract with a carrier to move the goods. A forwarder does not move the goods but acts as an expert in supply chain management.
– definition from Wikipedia
Chartering is an activity within the shipping industry. In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate.
– definition from Wikipedia
See chart below for different container specifications:
Prestige Shipping
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