freight forwarder

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 freight 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. Freight forwarders arrange for cargo insurance, make the necessary overseas communications, and advise the shipper on overseas requirements of marking and labeling. The freight forwarder operates on a fee basis paid by the exporter.