He is co-author of ‘Blockchain for Trade: A Reality Check’ with the ICC and the WTO, alongside other industry research. In this role, Deepesh leads efforts in developing TFG’s brand, relationships and strategic direction in key markets, including the UK, US, Singapore, Dubai and Hong Kong.ĭeepesh regularly chairs and speaks at international industry events with the WTO, BCR, Excred, TXF, The Economist and Reuters, as well as industry associations including ICC, FCI, ITFA and BAFT.ĭeepesh is the host of the ‘Trade Finance Talks’ podcast and ‘Trade Finance Talks TV’. Accordingly, the shipping line has responsibility from the CFS at the port of load until the CFS at the port of discharge.ĭeepesh Patel is Editorial Director at Trade Finance Global (TFG). For example, the CFS might pack ten different LCL shipments going to Singapore but from different customers into a single 40′ container, and then ship this one container.īills of lading for LCL shipments will be lines bills of lading and will mention CFS/CFS on the bill. Preparing containers internal load planĮxports will be delivered to the nominated CFS for packing, and imports will be picked up from the nominated CFS after unpacking.Īll cargo going to one destination will be consolidated and packed into one container at the Container Freight Station.Ordinary sorting and stacking of containers pre or post shipment.Stuffing, sealing and marking of containers for labelling and identification.The physical movement of cargo in or out of a Container Freight Station.Drayage of loaded containers from the Container Freight Station to the Container Yard.Moving empty containers from a Container Yard to a Container Freight Station.
CFS Receiving ServicesĬFS receiving services are a set of services which are provided between receiving cargo from exporters and packing them into containers. Demurrage – Meaning & Charges (2022 Guide)Īnother term often appearing on Bills of Lading or Letters of Credit are CFS/CFS pier to pier, referring to cargo which is packed by the carrier into a container along with other goods and accepted and unpacked by a consignee at the destination terminal or port.*NEW* Delivered at Place Unloaded (DPU).International Trade Professionals Programme 2021.Ocean Freight: CFS warehouses are primarily used in ocean freight for LCL (Less than Container Load) cargo. The charge assessed for services performed at the origin or destination for loading or unloading of cargo into/from containers at a CFS Container Freight Station.Ĭontainer Freight Station ( CFS) warehouses are bonded facilities that act as temporary storage for goods that are entering and leaving the country. Keeping this in consideration, what is the meaning of CFS charges?ĬFS Charge. A delivery order which is used for the import of cargo should not to be confused with delivery instructions. A delivery order (abbreviated D/O) is a document from a consignee, or an owner or his agent of freight carrier which orders the release of the transportation of cargo to another party.
#WHAT DOES CFS STAND FOR FULL#
While CFS is an off dock facility located near the servicing port, ICD is generally located outside the port towns.Īlso Know, do Charges full form? Delivery order. According to the guidelines of Indian Government, functionally there is no difference between CFS and ICD. ICD (Inland Container Depot) is temporary storage for import/export laden and empty containers. Beside this, what is difference between CFS and ICD?