Shipping and Freight Resource Educational Blog http://shippingandfreightresource.com
Difference between a Freight Forwarder and Broker This was one of the questions i have been asked by one of the readers of this blog.. Interesting questions.. Well here's how it goes.. Freight Forwarder : Essentially secures the business of various exporters and importers and has the ability/facility to storage the cargo belonging to the clients at their warehouse (usually all big forwarders have their own warehouses) arrange the distribution or “forwarding” of the cargo as per the instructions of their client.. This could be a regular routing or various routings negotiate freight rates with the shipping line to cover the interest of their clients book the cargo with the shipping line as per the requirement of the client prepare bills of lading and associated shipping/negotiating documentation (F178, Certificate of Origin, etc) issue their approved house bill of lading as applicable MAY or MAY NOT also do Customs Clearance may or may not be accredited to customs, port etc and cannot do customs clearance if not accredited almost viewed by clients as an alternative shipping line
Broker : is someone who arranges transportation with a carrier, either on behalf of the shipper or behalf of the carrier with some conditions as below : brokers generally do not and cannot issue their own bills of lading with their name in the carrier field.. If they do this, then they would be considered an NVOCC.. they forward any freight claims to the carrier for handling/compensation and generally cant be held liable for any claims.. do not arrange or provide any insurance cover for the customers cargo.. a brokers client base can consist of direct exporters, importers, freight forwarders, clearing agents..
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