What is a bill of lading?
A bill of lading is a document or contract proving that a shipment has been dispatched. It includes all information, such as the sender’s and recipient’s details and a comprehensive description of the shipment by type, weight, and volume in cubic metres, as well as the date and place of issue and the shipping destination. The shipment is delivered to the recipient under this document upon arrival, and the document guarantees the recipient’s right to receive it. An airline issues the bill of lading for air freight, while the shipping line issues it for sea freight. It is important because it serves as a contract among the shipping line or airline, the freight company, and the customer, protecting the customer’s rights. The bill number appears at the top and enables the customer to track shipments easily.
What is the Harmonized System code (HS Code)?
It is an international, multipurpose method of naming goods developed by the World Customs Organization and known as the Harmonized System. More broadly, this system is an economic language and a globally readable coding system for goods, as well as an indispensable means of international trade.
It is used to determine the duty rate applied to any commodity and is the means for identifying the chapter, heading, and customs-duty rate for a specific commodity. It consists of a table containing headings, subheadings, numerical codes, section and chapter notes, and general rules. It is a global language used as the basis for the tariffs of more than 176 countries or customs unions, and 104 countries are signatories to its international convention.
What are the benefits of applying the Harmonized System?
- The Harmonized System has helped governments establish an accurate mechanism for determining duties and taxes on goods.
- It has made it easier to provide and prepare accurate information for investors and researchers.
- All goods fall under clear classifications in the Harmonized System, simplifying import and export procedures.
What is volumetric weight?
Volumetric weight depends on the space a shipment occupies in relation to its actual weight. The cost of transporting a shipment may be affected by the amount of space it occupies. If the shipment requires more space, a higher amount is paid for that space regardless of its actual weight. Shipping cost is therefore calculated once by actual weight and once by volumetric weight, and the higher value is applied.
How is volumetric weight calculated?
Volumetric weight is calculated as: (length × width × height) / a divisor of 6000 or 4000, depending on the shipping method.
How are shipments consolidated?
Our goods-consolidation warehouses are an excellent option. Matreed’s shipping warehouses are equipped to preserve different kinds of goods, including home furniture, personal belongings, mobile-phone accessories, children’s toys, equipment, machinery, and other items. This helps protect goods against damage, loss, or theft. We also provide guarantees against damage caused by improper storage. Every item is numbered with a mark assigned to its shipment so shipments can be distinguished, found easily, and kept from being mixed together.
For this purpose, Matreed Shipping provides professional shipment receipt and consolidation services through our representatives wherever you are. Dedicated trucks transport the goods to secure, protected, and properly equipped warehouse locations, where they are then stored, sorted, or shipped to your required destination.
What is the best shipping method?
If you need fast shipping and arrival in the shortest possible time, air freight is the best choice. Daily, regular flights are available to airports and cities worldwide.
If your shipments consist of goods, materials, large quantities, or large volumes and you have sufficient time, sea freight is the best choice. It uses containers to transport goods and can accommodate large goods and heavy equipment that aircraft cannot carry. Ships also reach distant countries.
Matreed therefore specializes in sea freight to and from most ports using international shipping lines, whether the load is a full container load (FCL) or less than container load (LCL). We provide containers in different sizes and types to suit the volume, type, and nature of the goods and arrange delivery to cities and ports worldwide.
How can I track a shipment?
You can track your package here: TRACK.
