FAQs
  • FreightBro will increase your efficiency and productivity manifold by reducing the time taken in the entire process of quote generation and delivering it to the customer with the utmost professionalism. The time saved translates to improved efficiency which further leads to better sales. However, we directly don’t recommend any forwarder or customer to use our clients’ services, but we have seen forwarders using FreightBro evidently able to generate better sales and display professionalism. Customers and agents are impressed by the format and feel of the quotation and have awarded the business to our clients.
  • IATA Codes are three-letter codes designating airports worldwide. The assignment of these codes is governed by IATA Resolution 763, and it is administered by IATA headquarters in Montreal. These codes are published twice every year in the IATA Airline Coding Directory.
  • IATA stands for International Air Transport Association and is a trade association of all the airlines operating worldwide.
  • AWB stands for Air Waybill which is a non-negotiable transport document that serves as a receipt of goods by the carrier and a contract of carriage between the shipper and carrier. The Master Air Waybill or the MAWB is a non-negotiable transport document issued by the carrier on receipt of good from the freight forwarder. Similarly, the HAWB stands for House Airway Bill which is primarily a document issued by the freight forwarder on receipt of goods from the shipper.
  • Air Freight is the carriage of goods by air as the mode of transport.
  • Letter of Credit is a preferred method of payment in the freight forwarding industry. A Letter of Credit or L/C is a written undertaking from a bank on behalf of a buyer to pay the shipper/seller a said amount in certain currency given that the seller submits the required documents within the given time frame.
  • There are many different types of containers used. Some of these are:

    a)20 foot /40 foot Dry Container b)20 foot/40 foot Flat Rack Container c)20 foot/40 foot Open Top Container d)20 foot/40 foot Refrigerated Container e)40 foot High Cube Container
  • FCL stands for Full Container Load. FCL shipments always enjoy lower shipping rates.
  • LCL stands for Less than Container Load and refers to small ocean freight shipments that are less than the full capacity of a container which is generally less than 20CBM. Consolidation is used to club several LCL shipments to convert them into one single shipment.
  • Consolidation is the act of assembling or combining several separate shipments into one shipment to be moved under one bill of lading or air waybill from the point of origin to the point of destination. The major benefits of consolidation include a remarkable reduction in shipping rates.
  • Break Bulk is the act of unpacking a portion or the whole of a consolidated shipment for reconsignment or delivery .
  • ICDs are also known as dry ports and are facilities that provide temporary storage of containerized cargo, provide all the port-related services and allow the benefits of containerization to be realized on the inland transport leg of international cargo movements.
  • CFS refers to Container Freight Station and is a facility primarily used for the purpose of assessment, consolidation and de-consolidation of the containerized cargo. They are appointed as custodians of goods by the Commissioner of Customs, under Section 45 of the Customs Act, 1962.
  • BoE stands for Bill of Entry and is a document filed by the importer or customs broker with the Customs Department mainly to complete necessary import clearance formalities to free the goods from the Customs after assessment.
  • At times when the carrier doesn’t have an access to the last port of destination, the cargo is first directed to an intermediate port and thereafter taken to the final port. This is known as transshipment.

    The Tran shipment Bill of Lading is a BoL issued by the vessel owner or his agent who undertake the transshipment of the goods from an intermediate port to the final port.
  • When a Freight Forwarder as a carrier issues a receipt of goods after receiving it from the shipper for the movement of the goods by sea it is called the House Bill of Lading.
  • A Master Bill of Lading is a receipt of goods issued by a carrier after receiving the goods from the freight forwarder. In a Master Bill of Lading, there can be more than one consignment. Once the cargo reaches the destination, the associate office of a freight forwarder delivers cargo to the final consignee.
  • A Bill of Lading is a negotiable transport document issued by a carrier that acts as the receipt of cargo for shipment. It also serves as the contract of carriage and as a document of title to goods.
  • Sea Freight is primarily the transport of goods through the Sea or Ocean. The goods are essentially consolidated in containers and transported from one port of discharge to the port of destination. A Bill of Lading is used as the transport document for the movement of goods by the sea.
  • FIATA primarily stands for Federation Internationale Des Associates de Transitaries et Assimiles and in English translates to International Federation of Freight Forwarders Association.
  • There are 11 INCO Terms in total. They are EXW, FCA, FAS, FOB, CPT, CIP, CFR, CIF, DAT, DAP and DDP.
  • INCO Terms stand for International Commercial Terms. These terms provide a set of International rules for the interpretation of the most commonly used international trade terms.
  • NVOCC stands for Non-vessel Operating Common Carrier (NVOCC). These are carriers who issues bills of lading for carriage of goods on vessels that are not owned or operated by them.
  • A Freight Forwarder is a firm that arranges for the movement of goods from one country to the other. In simple words, a Freight Forwarder is someone who facilitates the export and import of goods from the country of origin to the destination country. You may refer to a Freight Forwarder as a vendor who takes care of a plethora of activities that not only facilitate the movement of the goods but also enable value addition to the freight life-cycle.
  • Logistics management consists of planning, implementing, controlling and monitoring the efficient, effective forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet the customer’s requirements.
  • The services and products can be customized based on user requirements. We broadly have popular packages for forwarders:

    To know more kindly check with our team.

    ABOUT COMPANY / ABOUT TEAM

    FreightBro is a technology startup in freight forwarding and logistics industry. We are a part of the Startup India initiative and have also been recognised by NASSCOM 10000 Startups as one of their logistics startups. We have offices in Mumbai and Chennai. The Mumbai Team handles our technology and products while the Chennai Team handles our backend and business development.

    FreightBro was created by a team of passionate logistics enthusiasts who have come together to digitize the largest unorganised market of International Freight Forwarding/Shipping. With the help of technology, we intend to make freight execution swift, efficient and simple. The team comprises of Logistics Professionals with a combined experience of 50 years in the industry and have worked for companies like DHL, Panalpina, Maersk, Damco in their previous profiles. FreightBro is a product of our combined intent of solving the existing industry problems and we propose to put our extensive and diverse expertise in sales, operations and technology in the industry to bridge the existing gap.
  • Good news! There are no significant investments or installation costs for FreightBro. Your sales person can prepare quotations from scratch and keep a track of all the quotes sent. The decision maker/manager/owner also gets a dashboard to keep a track of the sales person’s performance. This module is absolutely free of cost for a limited period! Try now! Thereafter, you can pay per user on a monthly basis.
  • Increasing sales is a major priority in today’s scenario where profit margins have reduced considerably. With FreightBro

    You can double the sales chances by increasing the number of quotes sent in a day by your sales team.
    You get to reduce the cost and time of procuring and managing rates from all the vendors at a click of a button.
    Negotiate and buy better with our ready reckoner updated with tariff rates from transporters, airlines, consols etc.
    Become a digital forwarder for your customers without investing huge amounts of money in IT infrastructure.

    FreightBro can make wonders happen for you and your customers. KN Freightnet, Flexport, FreightOS, DHL- Saloodo! have all taken the digital route.Data is used everywhere to take key decisions. The industry is changing rapidly and we all must adapt. At FreightBro we provide you with support backed by analytics and help you make the right decisions.
  • We just make sure that all the rates procured by your company are available to your customers without any loss of data in pricing or sales. Apart from that, we will make your pricing negotiations effective by giving a market indication of tariff rates by airlines, LCL agents, transporters, CHAs etc across the country. Now there is no need for your pricing team to check anywhere for market rates in the future. Our rates are indicative and are updated regularly. FreightBro is thus one portal for your every requirement.
  • FreightBro is not a forwarder but a software solution provider to make your company a digital forwarder in the future. FreightBro can make customized portals for your websites for a direct enquiry from customers handled by your backend team.
  • The other software like eFreight Suite, Cargowise, Logisys are CRM tools for handling the day to day forwarder operations, like B/L generation, booking etc. FreightBro is a smart online rate management and quote generation tool used for increasing the sales profits and operational efficiencies. The sales person can create a professional PDF with logo, terms and conditions, et al. for 3000+ pairs of ports even while sitting at the customer’s premises in less than 2 minutes thereby considerably reducing the time taken in the whole procedure otherwise. There is no installation cost or investment to use the tool. Payment is per user on a monthly basis.
  • Data security is the key for any business. At FreightBro we use Amazon servers (AWS), which is also used by companies like TATA, NDTV, NASA, ISRO etc. The portals provided will allow the pricing team only to access and manage data. This is an internal portal for forwarders and we have also invested heavily in data security and compliance to ensure your data is always confidential.
  • FreightBro is an internal tool for sales, pricing and operation functions in forwarding. We don’t buy and sell freight but only provide freight software to forwarders and 3PLs. There are lots of marketplaces who sell portals to shippers directly and take a share of the forwarder’s profits. FreightBro is purely a freight software portal for making the processes lean, increase efficiency and profits. We have launched the portals mainly for small and mid-sized forwarders to use the latest technology that is at par with the multinational forwarders.
  • FreightBro is a technology start-up in freight forwarding and logistics industry. The portal, FreightBro is a technology portal specifically for freight forwarders and 3PLs (3rd party logistics). With FreightBro tools rates can be procured from as many as 150 airlines, 10 LCL consolidators and any other vendor like Transporters, CHAs and Liners. The rates are procured, automated and made available for pricing and sales within minutes. FreightBro can be used by sales people to quote to the customers. The procured rates or customized rates can be used to prepare a market ready professional quotation in PDF Format in just about 2 mins. What generally is a time-consuming manual process can now be accelerated and completed in a matter of few minutes. Our algorithms keep a track of all the quotes and provide the sales manager or owner regular updates about sales, pricing and operation teams. Forwarders using our software have increased their sales opportunities twice the previous amount and decreased the time for managing rates as well.

    FreightBro is an outcome of the combined effort of a group of like-minded people who have worked for companies such as DHL, Panalpina, Maersk, Damco in their previous profiles. The team has more than 50 years of combined experience in the industry.