There are several notations/clauses that are used in a bill of lading and one such important notation relates to “Freight”.. Freight maybe defined as the price that is charged by a transport operator to transport cargo from Point A to Point B as per a mutually agreed contract.. Freight maybe paid at various places based on which the notation on the bill of lading will change.. Freight notations may read as below : 1) Freight Prepaid – Shipping line is certifying that the freight for the carriage of the cargo has been paid at the origin port 2) Freight Collect – Shipping line is certifying that the freight for the carriage of the cargo has to be paid at the destination port 3) Freight Payable at XXXXXXX – Shipping line…

  There are cases where shippers don’t have enough cargo to fill a full container and they have only small parcels.. They deliver these small parcels to the shipping lines Container Freight Station.. These small parcels are known as LCL which stands for Less than Container Load.. The shipping line collects these small parcels and make up a Full Container Load.. In these cases, although there is a full container load, as the shippers are many, the shipping line would issue their individual bills of lading to the various shippers.. These bills will be the direct line bills of lading and will have a term CFS/CFS mentioned.. This means that the shipping lines responsibility begins at the CFS (Container Freight Station) in port of load and ends at the CFS…

SINGAPORE Minister for Trade, Dr Koh Poh Koon, has said plans are underway to use Dar es Salaam Port as a trade link between his country and other East African countries. The minister, who revealed the plan when he visited the Prime Minister, Mr Kassim Majaliwa, in Dodoma yesterday, said his country was ready to offer exchange programmes that will see Tanzanians working at the Singapore Port to gain expertise and experience to run Tanzania’s ports efficiently. Dr Koon, who has been accompanied by 40 big businessmen, informed the PM that Singapore’s firm, Hyflux, has started investing in Morogoro Region, where in five years’ time they are expecting to build an enabling infrastructure for light industries, commercial areas and 37,000 residential houses. “Our company, Pavilion Energy, has invested 1.2 billion…

Mamlaka ya Mapato Tanzania (TRA) inawataarifu wafanyabiashara wote kuwa imeanza zoezi la kukakugua taarifa za wafanyabiashara wote nchini ili kuhakiki taarifa zao za biashara na kama wanatunza kumbukumbu za biashara zao.  Zoezi hili litafanywa na maofisa wa TRA ambao watapita  sehemu za biashara kufanya ukaguzi Wafanyabiashara wanaombwa kutoa ushirikiano ili kukamilisha zoezi hili kwa kuhakikisha eneo la biashara linakuwa na mtu ambaye anaweza kujibu maswali ya maafisa wa TRA pamoja na kuwa na taarifa zote za kodi. For More Visit TRA   

INTRODUCTION Tanzania Revenue Authority wishes to inform the business community that in a bid to promote faster clearance of goods through Customs within the region, the Authorized Economic Operator (AEO) program was introduced to enable compliant traders to benefit from a special treatment at the regional level throughtout the cargo clearance process. Establishment of AEO program is meant to enhance trade facilitation and promote partnership between Customs and business as per World Customs Organization’s SAFE Framework of standards. AEO is defined as an individual, a business entity or a company that is involved in international trade and is duly authorized by the Commissioner for Customs to transact business with Customs under special arrangements. APPLICANT TO AEO PROGRAM Any trader involved in the international supply chain and carries out Customs related…