Definition
Freight forwarding is a service provided by freight forwarders, who facilitate the transportation of goods from the manufacturer or producer to the final destination. They handle various tasks, including booking cargo space, arranging transportation, preparing documentation, and managing customs clearance. Freight forwarders act as intermediaries between shippers and carriers, ensuring smooth and efficient movement of goods across international borders.
Our trending searches definitions
Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.