Trade Definitions - cargo
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Trade Definitions

TRADE DEFINITIONS

Trade Definitions

 

WE’, ‘OUR’, ‘US’ CARRIER, ‘DCS CARGO’ refer to its employees, listed vendors or associates, or independent contractors and entities that carry or undertake to carry the  consignment or shipment within the country by Road/By Rail or By AIR and  ‘you, your(s)or consignor  refer to the shipper, its employee(s), principal and agents. When ‘you’ tender a shipment to ‘us’, you accept our terms of carriage for your goods. No one has any authority to change any of our terms of carriage and make any promises on our behalf. The terms and conditions of the Consignment Note /Delivery Way bill Or GR on your placing the order(s) to DCS CARGO shall govern in the event of any inconsistencies that might exist in any other transportation documents accompanying the shipment.

 

 

DELIVERY: It means delivering or tendering physical delivery of parcels/goods/freights or placing the goods at the disposal of the party entitled to receive it (also called as consignee) along  with requisite details as mentioned in the invoice or the accompanied documents.

 

SHIPMENT: Shipment means all documents and parcels that travel under the consignment note /GR/ Delivery way Bill (DWB) issued by us at the time of booking but doesn’t include  any dangerous, inflammable, combustible, contraband or prohibited goods, bullion, gems and jewelry, currency notes etc.

 

GOODS: It refers to the freight or articles accepted for carriage from the consignor or its agents in either loose or packed or in  corrugated containers, bags or boxes or any other feasible  form of transportable tanks/trays or drums  which are not provided by DCS CARGO  or its associates.

 

“DANGEROUS GOODS” means goods classified as Dangerous as per ICAO T.I.,IATA DGR,IMDG-CODE,ADR or other National regulations for transport.

And PROHIBITED ARTICLES means any goods or materials that are prohibited for carriage by law governing bodies of India.

 

CARRIAGE: It means the whole of the services and operations undertaken by us on placement of your orders to deliver your consignment.

 

CONSIGNOR : The individual or company registered under the prevailing laws of the trade or business within India and who tender the parcel or freight for carriage to us along with all requisite documents including the e way bill if deemed necessary for goods carriage.

 

CONSIGNEE : The individual or company who is intended to be the Recipient of goods or articles booked  by Consignor or his agents or employees.

 

PACKAGES : The number of articles or boxes or bags or cartons  declared by the consignor as mentioned in the invoice or challan, which are intended to be booked ,forwarded and delivered to the consignee.

 

LOOSE PACKAGES : The articles given in loose packing by the consignor where the exact quantity or number of articles can’t be ascertained at the time of dispatch or delivery of goods or articles.

 

ACTUAL WEIGHT – Shipment : The term actual weight defines the actual gross weight of the goods or articles including its packing which is intended to be booked or forwarded and delivered to the consignee.

 

Dense or Heavy Cargo or Freights : Freights having dense or heavy weights which occupy less or minimal space and where the actual weight(s) of the consignment is determined to be more than the volumetric weight are considered as Dense or Heavy Cargo.

 

Volumetric Weight of Shipment : The term volumetric weight defines the weight ascertained on the basis of volume or space occupied by each box or carton using international standards or formulae. The corresponding min weight of a box measuring volume of 1 cubic feet (1 FTx1 FTX1FT) has been universally accepted as 12 Kg. if the actual weight is less.

 

CONSIGNMENT VOLUME : The volume of the consignment is calculated or ascertained  in Cubic Feet and thereafter compared with the volume of the open or closed cabin space of the vehicle/SLR/VP to ascertain which vehicle would suit the clients needs for light or heavy weight consignments.

 

GROSS WEIGHT (Laden Weight) – Vehicle : It’s the gross weight of the vehicle including the weight of the cargo loaded in the open or closed cabin space of the vehicle.

 

TARE WEIGHT – Vehicle : Also known as Unladen Weight or kerb weight  is the total weight of the empty container or vehicle when it’s not carrying goods or other items. Using Tare weight internal weight of the goods can be calculated or determined by subtracting it from the vehicle’s laden weight.

 

PAYLOAD: It’s the actual weight of the cargo that vehicle can hold as per the norms or design of the vehicle being in use for carriage.

 

GST REVERSE CHARGE : Freights billed for movement of goods by road  attract Reverse Charge under the GST Act. Hence, no taxes are levied/Collected  on the freight charges on Goods forwarding by DCS CARGO for Full Truck Loads. The freight charges are billed under RCM as per the prevailing laws of the state /country.

 

For interstate movement of Goods Freight costs for Full Truck Loads  are billed under reverse charge. The GST payable on the freight costs shall be directly paid by the recipient (either consignor or consignee )of services as per the prevailing rates.

 

However, for movement of Cargo or Freights  by Rail a GST of 5% is levied on the Rail freight charges.

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