Hi Rob

I have posted my question in the forum, but received no answer so far. I believe you may be able to help to answer my queries :

1) What is the difference between breakbulk and loosebulk.  How many types of bulk cargo? What is the most economical mode of shipment for heavy cargo like ore and stone? 

2) For the best interest of buyer, is C&F better than CIF?  In terms of CIF, can buyer claim for damages from seller directly as seller is the one taking up the coverage?

3) What is DWT?

Your prompt response is most appreciated.

Quoting from [Pingping]:

Hi Rob

I have posted my question in the forum, but received no answer so far. I believe you may be able to help to answer my queries :

1) What is the difference between breakbulk and loosebulk.  How many types of bulk cargo? What is the most economical mode of shipment for heavy cargo like ore and stone? 

2) For the best interest of buyer, is C&F better than CIF?  In terms of CIF, can buyer claim for damages from seller directly as seller is the one taking up the coverage?

3) What is DWT?

Your prompt response is most appreciated.

 

1. Break Bulk Shipping is cargo that is shipped in no container.  This cargo would be boxes or cartons shipped either in the hold of a shipping vessel and or the belly of a Jet.  In the case of shipping Iron ore you would need a dry bulk cargo vessel.  Basically there are two types of bulk carriers Dry bulk and Liquid Bulk.  Once again break bulk would be shipped in a vessels hold.
2. CNF is better for the buyer as the buyer can not claim against CIF as this insurance is placed by the seller at the sellers cost and only recoverable by the seller.  It is far better for you to get your own marine insurance on the load as the buyer so that in the case of a mishap you are paid directly by the insurance company for your loss.  Also you should check out this link: http://www.i-b-t.net/incoterms.html
3. DWT is Deadweight tonnage.  Basically what this is the classification of the Dry Bulk Carrier in relation to how many metric tonnes the vessel can carry or is rated at while maintaining safe levels of bouyancy. 

So if you are shipping iron ore you will have to find a dry bulk vessel large enough to carry the amount of metric tonnes you are shipping or split it betwen two or more bulk carrier vessels. 

Best regards,

Ranger

Quoting from [Ranger]:

Quoting from [Pingping]:

Hi Rob

I have posted my question in the forum, but received no answer so far. I believe you may be able to help to answer my queries :

1) What is the difference between breakbulk and loosebulk.  How many types of bulk cargo? What is the most economical mode of shipment for heavy cargo like ore and stone? 

2) For the best interest of buyer, is C&F better than CIF?  In terms of CIF, can buyer claim for damages from seller directly as seller is the one taking up the coverage?

3) What is DWT?

Your prompt response is most appreciated.

 

1. Break Bulk Shipping is cargo that is shipped in no container.  This cargo would be boxes or cartons shipped either in the hold of a shipping vessel and or the belly of a Jet.  In the case of shipping Iron ore you would need a dry bulk cargo vessel.  Basically there are two types of bulk carriers Dry bulk and Liquid Bulk.  Once again break bulk would be shipped in a vessels hold.
2. CNF is better for the buyer as the buyer can not claim against CIF as this insurance is placed by the seller at the sellers cost and only recoverable by the seller.  It is far better for you to get your own marine insurance on the load as the buyer so that in the case of a mishap you are paid directly by the insurance company for your loss.  Also you should check out this link: http://www.i-b-t.net/incoterms.html
3. DWT is Deadweight tonnage.  Basically what this is the classification of the Dry Bulk Carrier in relation to how many metric tonnes the vessel can carry or is rated at while maintaining safe levels of bouyancy. 

So if you are shipping iron ore you will have to find a dry bulk vessel large enough to carry the amount of metric tonnes you are shipping or split it betwen two or more bulk carrier vessels. 

Best regards,

Ranger

 

Ranger

Thank you for answering my queries in details, the info is very helpful, my warmest sincere thanks.