by Danya Rielly | Nov 22, 2022 | Glossary
GLOSSARY Demurrage Demurrage is a charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed. Ready to digitize and modernize your shipping operations?See how Magaya can help. SCHEDULE A CONSULTATION...
by Danya Rielly | Nov 22, 2022 | Glossary
GLOSSARY ABI: Automated Broker Interface The Automated Broker Interface (ABI) is an electronic data interchange system that allows for the efficient exchange of information between customs brokers and the U.S. Customs and Border Protection agency. Ready to digitize...
by Danya Rielly | Nov 21, 2022 | Glossary
GLOSSARY FCL: Full Container Load In shipping, the abbreviation FCL stands for Full Container Load, a shipment type that does not share a container with other shippers; it takes up the complete container. In an FCL shipment, just one shipper is the owner of all the...
by Danya Rielly | Nov 21, 2022 | Glossary
GLOSSARY LCL: Less Than Container Load What does less than container load mean? Usually abbreviated as LCL, less than a container load is a method of ocean shipping whereby multiple shippers’ loads will occupy a single container. You can consider shipping LCL if...
by Danya Rielly | Nov 17, 2022 | Industry
What Every Freight Forwarder Needs to Know About Subrogation in Insurance Freight forwarders are often in a unique position when it comes to insurance claims. Many times, they are the first party to be notified of a loss, and they are also typically the ones who...
