Question

Describe several kinds of transportation intermediary.

Answer 1

types of several transportation intermediary-----------

1. Freight Forwarders-------------Freight forwarders typically act as a shipper’s agent during the shipping process. Freight forwarders select the mode and carrier for their clients’ shipments, provide and process documentation, and make freight, terminal, and handling payments on behalf of their clients.

2.  Customs Brokers--------Customs brokers escort goods through the customs process and have experience with local customs regulations and trade practices. Brokers ensure compliance with laws and verify that customs documentation has been completed.

3. Export Packers--------Export packing firms supply packaging materials and services for overseas shipments. Export packers specialize in packing for maximum shipment cost efficiency and typically are familiar with any agricultural restrictions and quarantines that pertain to packaging material.

4. Export Management Companies-----------EMCs act as agents for domestic firms in overseas markets. Using an EMC gives a producer immediate access to foreign market knowledge and export know-how, regardless of its experience ments into a single large shipment, which can then be shipped at a lower cost. Typically, a freight forwarder will purchase unit(s) from a carrier and sell space within the unit(s) to several shippers. The cost charged for this space is significantly less than the cost of an entire unit and thus allows small shipments to be processed efficiently.

5. NVOCCs----------Non-vessel operating common carriers (NVOCCs) buy space from ocean carriers for consolidated shipments from a variety of clients. NVOCCs specialize in lessthan-container load (LCL) shipments and perform many of the same functions as freight forwarders. Unlike forwarders, however, NVOCCs are common carriers that use containers rather than vehicles or vessels. NVOCCs are frequently the customers of freight forwarders and the clients of ocean carriers.

6. Export Trading Companies---------Export trading companies locate buyers in foreign markets and manage most of the export arrangements for the product. This may include documentation, inland and overseas transportation, and compliance with foreign governmental regulations.