Shipping Terminology and Vocabulary Explained

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  • เผยแพร่เมื่อ 29 ก.ย. 2024
  • This video explains the most common shipping terminology and vocabulary that you'll need to know and understand when moving cargo around the world.
    For more information see the ABTS® Website: www.abtslogist...
    For more FREE, practical knowledge on various import export subjects check out our blog: www.abtslogist...
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    Export Documentation and Procedure: www.abtslogist...
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    How To Buy and Sell Using a Letter of Credit: www.abtslogist...

ความคิดเห็น • 47

  • @easonchen9561
    @easonchen9561 ปีที่แล้ว +2

    Dear Sirs and Ladies,I am a freight forwarder from China, we provide rail sea by sea and air freight channels to your country, also provide delivery service to the door, we are WCA members I would be more than happy to handle your shipment.

    • @ABTS
      @ABTS  ปีที่แล้ว +1

      Thanks but we are a training company opposed to exporter.

    • @easonchen9561
      @easonchen9561 ปีที่แล้ว +1

      Sir I think I can borrow the platform you provide to help buyers and sellers in various countries abroad, and help them to provide good service and shipping, which is able to do things

  • @syedmurtazaahmedniazi7783
    @syedmurtazaahmedniazi7783 ปีที่แล้ว +2

    We use Laycan in Bulk Cargo for coal. What is the synonym or terms use for in Container Shipping of iron?
    We are actually a coal importer and now getting into iron ore export. Hence the shift from large vessels to full container loads. Is there any glossary you can link for our other questions?

    • @ABTS
      @ABTS  ปีที่แล้ว +1

      Sorry for the delayed reply. As you know chartering has its own terms which are different from liner terms. If you are expecting in containers the terms you’ll trade under will be Incoterms 2020 and subject to the contract of carriage issued by the shipping line involved. These terms can be subject to the Haugue Visby rules. I am not aware of any glossary that I can’t direct you to unfortunately but hope this helps.

  • @challengecoins4u
    @challengecoins4u 8 หลายเดือนก่อน +2

    Dear Alan, thank you so much for these videos. Your personality and compassion can be felt through the screen, and your warmness reminds me of my grandfather. Again ,thank you so much!

    • @ABTS
      @ABTS  8 หลายเดือนก่อน +1

      What a compliment and thank you. I’m so glad to hear our videos help you. Gives me inspiration to create some more.

  • @eashwerdev518
    @eashwerdev518 6 หลายเดือนก่อน +1

    Hello Sir . I am building a business school project on fright management and ocean shipping and would like to get your inputs or understand some problem areas to which I can build a solution. Would you be kind enough to spare some time

    • @ABTS
      @ABTS  6 หลายเดือนก่อน

      Please contact us by email with your questions and I’ll do my best to answer: www.abtslogistics.co.uk/contact-us/

  • @albertozarate5516
    @albertozarate5516 ปีที่แล้ว +5

    What a great video! And what a warm teacher Alan! You invite in a natural way to stay tunned!
    Greetings from MX!

    • @ABTS
      @ABTS  ปีที่แล้ว +3

      Thank you Alberto, appreciate your comment.

  • @JohnnySunglasses
    @JohnnySunglasses ปีที่แล้ว +1

    Alan, I'm happy to still seeing you happy and smiling!
    I remember you had a course about Fright Forwarding. Is that still a thing?

    • @ABTS
      @ABTS  ปีที่แล้ว +1

      Hello, yes indeed it is. Have a look here at the full course syllabus: www.abtslogistics.co.uk/full-syllabus/. Any questions, just let us know.

  • @judicaelferuzi1662
    @judicaelferuzi1662 ปีที่แล้ว +2

    You are amazing Sir Alan! Thank you because I lean everyday through your videos1

    • @ABTS
      @ABTS  ปีที่แล้ว +2

      Thank you very much for you me kind comment, very much appreciated and I’m glad our videos are helping you.

  • @olivermartinez6242
    @olivermartinez6242 ปีที่แล้ว +2

    Dear Alan. Love the videos. I keep on being asked to provide a LOI ( Letter Of Intent) to buy produce from different vendors all over. I have been told it’s not binding but is it a way of deciding to deal with me or not. If say I just want to use them Once? Thank you
    Sincerely Oliver

    • @ABTS
      @ABTS  ปีที่แล้ว +1

      Hi Oliver, a letter of intent is just that, a letter stating that you intend to place an order and what the size of the order is. If you intend to use them only once, the letter can just be to show your intention of one order, perhaps with the possibility to have further orders in the future.

  • @tsetse49
    @tsetse49 ปีที่แล้ว +3

    Dear Alan, I want to show my appreciation on what you are doing. I keep checking your videos and have subscribed after seeing just one of your videos. Had to laugh a lot on the scam video but yeah, one needs to keep ears and eyes open. I seldomly comment, but I just had to. Keep up the good work and one can really tell, you enjoy your work, please stay well! I really am learning a lot from you. You are a blessed teacher.

    • @ABTS
      @ABTS  ปีที่แล้ว +3

      Hi tsetse49, thank you so much for your comment and taking the time to post it. I really appreciate it and it inspires me to create more videos and do what I can to help others. Scammers - they’re always around us, just have to be aware is all we can do. Thanks again and all the best.

  • @PreplyshortVid
    @PreplyshortVid 2 ปีที่แล้ว +2

    I know one of these days I'll have to take the exam with ABTS. I'm really working towards that

    • @ABTS
      @ABTS  2 ปีที่แล้ว

      We’re looking forward to welcoming you onto our course Gad. I hope our TH-cam videos are helping too.

  • @cschrissharman
    @cschrissharman 3 หลายเดือนก่อน

    Years of learning...imao you are the only one who sums it all up for me. True OG. Thank you very much Alan.

    • @ABTS
      @ABTS  3 หลายเดือนก่อน

      Hi Chris, thank you very much indeed, appreciate your comment and I’m glad I can help bring it all together for you. All the best.

  • @tahsinulislam3999
    @tahsinulislam3999 2 ปีที่แล้ว +3

    Thank you so much Alan for everything you do for us. I wanted to ask how do you make a deal with the shipping line? I have been planning to start my freight forwarding business but I don't know how can I get the rate. It would really be beneficial for all of us.

    • @ABTS
      @ABTS  2 ปีที่แล้ว +1

      Hi Tahsinul, you’ll have to understand export documentation and procedure and how to calculate shipping quotes, as it’s by weight / measure. Once you understand this, contact shipping lines and ask for quotes and you’ll be able to compare. Have a look at our video here: th-cam.com/video/yV3Y-o-RMGQ/w-d-xo.html and here: th-cam.com/video/Qkvv3Br57y8/w-d-xo.html

  • @jaspal6383
    @jaspal6383 2 ปีที่แล้ว +3

    Thank you so much for your valuable knowledge, really appreciate it, fantastic video, and so informative! wish you all the best!

    • @ABTS
      @ABTS  2 ปีที่แล้ว +1

      Hope it helped Jaspal, thanks for the suggestion!

  • @bypiers1903
    @bypiers1903 ปีที่แล้ว +2

    I love your work. You're a cracking teacher.

    • @ABTS
      @ABTS  ปีที่แล้ว +1

      Thank you very much! Very much appreciate your comment.

  • @jimmygeorge1747
    @jimmygeorge1747 ปีที่แล้ว +1

    Thank you very much Sir

    • @ABTS
      @ABTS  ปีที่แล้ว

      You’re very welcome Jimmy. It’s nice to know our videos are helping.

  • @Lalith-Mine
    @Lalith-Mine 2 ปีที่แล้ว +1

    Hi, thank you so much for video, please do video on UCP 600 articles.

    • @ABTS
      @ABTS  2 ปีที่แล้ว +1

      Hi Sai, we've already done one 😀
      You can check it out here: th-cam.com/video/5rZul9niBOo/w-d-xo.html

  • @yescenehai4864
    @yescenehai4864 ปีที่แล้ว +2

    Great video. What are the typical payment terms for a freight forwarder? Ie. At which point does a freight forwarder demand payment from their client?

    • @ABTS
      @ABTS  ปีที่แล้ว +1

      Hi Ye Scene Hai, if shipping by sea freight, you will need to make the payment to your freight forwarder before they will hand over the Bill of Lading. You need to Bills of Lading in order to receive your goods from the shipping line. Similar to air freight, the freight forwarder will ask for payment before handing over the Airway Bill, although unlike the Bill of Lading, the Airway bill is not a document of title.
      Either way, payment will need to be made in order for you to receive the goods. Hope this helps.

  • @msb1m549
    @msb1m549 ปีที่แล้ว +1

    Thank you so much! you helped me a lot!

    • @ABTS
      @ABTS  ปีที่แล้ว +1

      Glad I could help! 😀

  • @PreplyshortVid
    @PreplyshortVid 2 ปีที่แล้ว +2

    Thanks for this

    • @ABTS
      @ABTS  2 ปีที่แล้ว

      My pleasure Gad. I’m happy to hear it helped.

  • @philemonmataba4131
    @philemonmataba4131 ปีที่แล้ว +1

    Good Video🎯

    • @ABTS
      @ABTS  ปีที่แล้ว

      Thank you!

  • @MohammadHusain-e7o
    @MohammadHusain-e7o 8 หลายเดือนก่อน +1

    I HAVE SET UP A HUGE OFFICE FORFREIGHT FORWARDING AND CHANDELLING BUSINESS BUT WITH NO ENOUGH EXPERIANCE AS I HOPE WORKING WITH HIRED EXPERTS, BUT TO BE HONEST, FEW OF YOUR VIDEOS THAT I HAVE WATCHED IS TURNING ME INTO AN EXPERT

    • @ABTS
      @ABTS  8 หลายเดือนก่อน +1

      Hello, thanks for your comment. I think you may be misunderstanding the purpose of our videos, it’s not possible for you to watch 10 minute videos and become an expert in anything. You need experience, much more study and practical knowledge and time dedicated to the industry. Our TH-cam videos are intended to be a short introduction and very basic knowledge into each subject.

  • @mariapupiec4548
    @mariapupiec4548 6 หลายเดือนก่อน

    You are a great teacher 🎉❤

    • @ABTS
      @ABTS  6 หลายเดือนก่อน

      Thank you very much! I appreciate the kind comment.

  • @ZahraMashayekhi-f8s
    @ZahraMashayekhi-f8s 6 หลายเดือนก่อน

    Outstanding

    • @ABTS
      @ABTS  6 หลายเดือนก่อน

      Thank you very much. I hope it helped you!