Posts

Showing posts from November 18, 2016

Forwarder’s Cargo Receipt (FCR)

Introduction to Forwarder’s Cargo Receipt When freight forwarder acting as agents for the consignee, have received the goods and all necessary documentation and payment of charges from the seller, freight forwarder issues a Forwarder’s Cargo Receipt (FCR). The seller will use the FCR to confirm to the buyer and/or the bank that he has delivered the goods for shipment and that the carriage is being arranged by freight forwarder. Freight forwarder will arrange the ocean transport and the ocean carrier will issue a Bill of Lading (B/L) or Sea Waybill (SWB). The Bill of Lading (B/L) or Sea Waybill (SWB) is used to obtain release of the goods at destination. It is also possible to combine the use of the FCR with a House Bill of Lading (HBL) or House Sea Waybill (HSWB) if the customer is using a NVOCC to supply ocean carriage. If freight forwarder is the NVOCC and has issued a House Bill of Lading (HBL) or House Sea Waybill (HSWB), there is no need to also issue a Forwarder’s Car