Definition
Full Truckload (FTL) shipping is a mode of transportation where an entire truck is dedicated to a single shipment, typically belonging to one shipper. It is ideal for large shipments or when the shipper requires exclusive use of the truck to transport goods directly from origin to destination without intermediate stops or handling. FTL offers advantages such as faster transit times, reduced risk of damage, and increased security.
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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.