Forwarder
A freight forwarder is a company that organises shipments for shippers.
It books space with airlines, prepares documents, consolidates cargo and often handles customs.
- Also called
- Freight forwarder
Related terms
- ConsolidationConsolidation is when a forwarder groups shipments from several shippers into one shipment under a single master air waybill (MAWB).
- HAWBHouse Air WaybillA house air waybill (HAWB) is the waybill a forwarder issues to each shipper in a consolidation.
- FIATAInternational Federation of Freight Forwarders AssociationsThe International Federation of Freight Forwarders Associations (FIATA) is the global body that represents freight forwarders.
- SLIShipper's Letter of InstructionA shipper's letter of instruction (SLI) is the shipper's written instructions to the forwarder on how to ship the goods and fill in the air waybill.
- AllotmentAn allotment is cargo space on specific flights that an airline reserves in advance for a forwarder or GSA, usually under a contract with agreed rates.
- GSAGeneral Sales AgentA general sales agent (GSA) is a company that sells an airline's cargo space in a market on the airline's behalf, often where the airline has no sales office of its own.
More in Trade & Industry
- BookingA booking is a reservation of cargo space on a specific flight for an agreed weight, volume and rate.
- ConsigneeThe consignee is the person or company named on the air waybill to receive the shipment at destination.
- DDPDelivered Duty PaidDelivered Duty Paid (DDP) is the Incoterms rule where the seller carries all costs and risks until the goods reach the named place of destination, cleared for import with duties and taxes paid.
- EXWEx WorksEx Works (EXW) is the Incoterms rule where the seller only makes the goods available at its own premises.
- FCAFree CarrierFree Carrier (FCA) is the Incoterms rule where the seller hands the goods, cleared for export, to the carrier or another party named by the buyer at an agreed place.
- IATAInternational Air Transport AssociationThe International Air Transport Association (IATA) is the trade association of the world's airlines.
Belli runs air cargo for airlines, from booking to billing.
Bookings, air waybills, ULD build up and messaging in one system, built with the people who handle the freight.