David William

The volume of a shipment is calculated by multiplying the Width by the Height by the Depth.

The volume is used by Freight Forwarders to calculate the cost of a shipment and below is a rough guide on the volume to weight equivalence they use to determine costs.

• Air Freight - EQUIVALENCE: 1 Cubic Metre = 167Kg

• Road Freight - EQUIVALENCE: 1 Cubic Metre = 300Kg

• Sea Freight - EQUIVALENCE: 1 Cubic Metre = 1,000Kg

Unfortunately, there is no universal answer for this. It is entirely dependent on the industry you are operating in. Each commodity being imported into Canada, or exported out of Canada, must comply with a variety of product-related regulations, as well as customs regulations. These customs regulations are governed in Canada by the Canada Border Services Agency – CBSA. It is important to understand the regulations in detail to minimize any potential liability.

In simple terms, Exporter = is a person or company or entity that is authorized by Customs and Govt authorities to export cargoes to various countries.

This is also the party responsible for filing the export declaration with the customs authorities.

Exporter may or may not be the seller of the goods.

Shipper = is a person or company or entity that is shown in all the shipping documents (bill of lading, commercial invoice, packing list) as the party responsible for procuring and/or placing the order for shipment and maybe also for arranging the freight payment etc.

Shipper shown on the bill of lading need not necessarily be a registered exporter and may or may not be the seller of the goods.

A Freight Forwarder can also be shown as the shipper on a line’s master bill of lading..

Export control regulations include the US Department of State’s International Traffic in Arms Regulations (ITAR), the US Department of Commerce’s Export Administration Regulations (EAR), and the Department of Commerce, Census Bureau’s Foreign Trade Regulations (FTR)

The National Freight Index (NFI) is a comprehensive barometer of the road freight spot market in India. NFI offers an aggregated picture of both live rates and historical trends of spot price movements in the road freight industry. The index is represented in two main forms, firstly in terms of actual freight rates condensed to INR per ton-km and secondly in terms of relative movement with respect to the base month of April 2018.