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Glossary : Trucking Services : FREIGHT FORWARDER
An independent business which handles
export shipments for compensation. At the request of
the shipper, the freight forwarder makes the
actual arrangements and provides the necessary services
for expediting the shipment to its overseas destination.
The forwarder takes care of all documentation needed
to move the shipment from origin to destination, making
up and assembling the necessary documentation for submission
to the bank in the exporter's name. The forwarder arranges
for cargo insurance, makes the necessary overseas communications,
and advises the shipper on overseas requirements of
marking and labeling. The forwarder operates on a fee
basis paid by the exporter.
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