What is the difference between Free out and liner out?

Liner In / Free Out (LIFO) Liner In / Free Out is the rate of freight including the costs of loading the goods on board a vessel at the departure port. In this case, the costs of unloading the goods will be paid by the recipient at the destination port separately. The opposite of LIFO is Free In / Liner Out (FIFO).

What is liner out hook?

“Liner out” generally means that the freight rate includes the cost of discharging at the port of discharge. “Under hook”, in the context of discharging, means that the owners/shipper will arrange for discharge over the ship’s side.

What is CFR liner out?

Liner Out means that the Line (Carrier) will pay the Terminal Charges.

What is CIF liner out?

Liner In / Liner Out refers to the rate of freight. The rate includes both the costs of loading goods at the port of departure and the costs of unloading the goods at the destination port.

What is liner in and liner out in shipping?

LILO (Liner In / Liner Out) is a freight shipping rate of the loading goods into the ship in the logistics terms that includes the costs both loading and unloading of the cargo in and from the ship. (

What does full liner mean?

Full Liner Terms are the conditions for transporting goods by sea. The terms specify what are included and excluded in the freight rate according to the customs authority of each port. The rate of shipment includes loading, unloading and cargo handling charge (depending on the port).

What is C and F in shipping terms?

It means that the seller must pay the costs and freight necessary to bring the goods to a named port of destination and must also procure marine insurance against the buyer’s risk or loss to the goods during the carriage. Description: C&F stands for cost and freight and is always stated as C&F port of importation.

When should I use CIF?

CIF is only used when shipping goods overseas or via a waterway. The seller has the responsibility for paying the cost and freight of shipping the goods to the buyer’s port of destination. Usually, exporters who have direct access to ships will use CIF.

What is hook to hook in shipping?

Liner Terms Hook to Hook. 1)- Shipper/Receiver arranges for delivery of cargo to/from directly under ships hook and the ship paying for the labor to stow the cargo in the vessels cargo holds, as well as on-board lashing & securing and provision of dunnage materials, and to discharge again over the ship’s side.

What are CFS charges?

CFS charges refer to the fees that apply for each activity performed at a CFS, namely the import and export of goods through customs. Various parameters determine these charges. In some cases, CFS charges can be uniform for a specified category of goods being handled.

What are the different liner terms?

Liner terms are the conditions under which shipping company will agree to transport goods. Liner terms usually include costs of loading, unloading, transport and discharge fee. Liner terms are from shipment company point of view.

What is LT in ship?

Freight rates that include loading/unloading charges according to the custom of the respective ports, which unfortunately varies. Liner terms is, thus, not yet a standard designation, and may not include cargo handling charges or the costs of moving cargo between the ship´s hold and the quay.

What is CIF and CF?

It is important to have an understanding of cost and freight (CFR), cost, insurance and freight (CIF) and Free on board (FOB).

What is the difference between CF and CIF?

Cost and Freight (C&F), commonly referred to as CFR or CNF, is very similar to CIF. The only difference is that the seller doesn’t cover the insurance.

What are the advantages and disadvantages of CIF?

Advantages and Disadvantages of CIF – Cost insurance and Freight. The advantage to the seller is that it can often obtain cheap insurance and then build a larger amount into its selling price. The advantage to the buyer is that it does not have to worry about declaring the shipment to its own insurer.

What are liner terms in shipping?

The Full Liner Terms are the terms and conditions for the transport of goods by sea. They express what is and what is not included in the freight rate, from the shipping company’s point of view.

What is the purpose of CFS?

Key Benefits & Functions of a CFS Consolidate LCL shipments into a larger container with freight of the same or different customers being shipped to the same destination region. Transload IPI containers from 20’s, 40’s and 45’s into 53′ intermodal containers for cost savings and more control of inventory.