Clause of Shipment
Time of Shipment : the deadline by which the sellermakes shipment ofthe contracted goods.
Shipment during July
Shipment not later than July 31st
Shipment at or before the end of Sept.
Shipment within 30 days after receipt of L/C, and the relevant L/C must reach the seller not later than Sept 30
Immediate shipment ;
prompt shipment;
shipment as soon as possible
Port of Shipment: the port where goods are shipped and depart.
Port of Destination: the port at which goods are ultimately discharged
Port of Shipment: Xingang, Tianjin
Port of Destination: London/Liverpool
CIF London, optional Hamburg/Rotterdam
Port of Destination: Main Mediterranean Ports
Shipping Advice
When the goods are shipped on board the vessel, the seller needs to give the buyer prompt notice of the port of shipment, the date of sailing, the name of the carrying vessel, the estimated time of arrival of the vessel and send the buyer the copies of the necessary documents to enable the buyer to get ready to take delivery of the goods.
In the event of the seller failing to send shipping advice to the buyer within the prescribed time period, the seller would bear the consequential cost incurred.
Partial Shipment: shipping the commodity under one contract in more than one lot.
Transshipment : Transfer of a shipment from one carrier, or more commonly, from one vessel to
another whereas in transit.
Transshipments are usually made
(1) where there is no direct air, land, or sea link between the consignor's and consignee's countries, (2) where the intended port of entry is blocked,
(3) to hide the identity of the port or country of origin. Because transshipment exposes the shipment to a higher probability of damage or loss, some purchase orders or letters of credit specifically prohibit it. Also spelled as transhipment.
Shipment during May/June/July, with partial shipments and transshipment allowed.
During June/July in two shipment, transshipment is Prohibited.
During Nov./Dec. in two equal monthly shipment, to be transshipment at Hong Kong.
Lay time: the time allowed for the completion ofloading and unloading, and it is usually expressed by days or hours.
There are several ways of stipulating laytime:
Days or Running Days
Weather Working Days of 24 Hours
Weather Working Days of 24 Consecutive Hours
Demurrage: (1) the detention of a ship by the freighter beyond the time allowed for loading, unloading, or sailing; (2) a charge for detaining a ship, freight car, or truck.
Dispatch: the money allowance given to a charterer of a ship by the owner of it for any shortening in the lay days stipulated in the contract between them
OCP: Overland Common Points
OCPtransportation is a favorable arrangement in freight charges encouragingconsignors to use the North American Land Bridge in sending export cargos outof or bring import cargos into the OCP territory of the US.
the favorable treatment of OCP transportationis given on condition that:
A. the depart place of final destination ofthe cargos is within the OCP territory
B. the cargos must be transshipped at thewestern seaports of the US or CAß C. the word “OCP” the port of transshipment ,the depart place or final destination in the OCP territory should be clearlystated in the covering bill of lading.
For example: shipment form Shanghai toSeattle O.C.P Detroit.
Bill of Lading-- B/L
A bill of lading is document issued by a carrier to a shipper, signed by the captain, agent, or owner of a vessel, and stating the conditions in which the goods were delivered to (and received by) the ship; and an engagement to deliver goods at the prescribed port of destination to the lawful holder of the bill of lading.
（1） Shipper
（2） Consignee
（3） Notify Party
（4） Port of Loading
（5） Port of Discharge
（6） Name of Vessel & Voyage No.
（7） S/O No. & B/L No.
（8） Marks and Numbers
（9） Name of Commodity and Packages
（10） Weight and Measurement
（11）Freight &Charges Prepaid or to be Collected
（12）No. of Original B(s)/L
（13）For the Master
（14） Date at
