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KRECO Cargo Shipment & Logistics Policy
Publish Date:2008-10-02    Click:832


Logistics & Delivery Execution Policy

To ensure seamless supply chain operations, KRECO enforces the following shipping protocols. These terms are designed to align with international trade practices and protect both parties from logistical discrepancies.
 
No.
Policy Item

Detailed Terms & Conditions
 
1
Shipment Readiness

Upon completion of production, KRECO will issue a Pre-Shipment Packing List. Customers must confirm the shipping method within 48 hours​ to secure the vessel booking slot.
 
2
Trade Terms & Forwarders

FOB Terms:
​ We strongly recommend utilizing KRECO’s contracted forwarders to leverage pre-negotiated freight rates and ensure cargo security.
EXW Terms:​ KRECO will notify the buyer of the "Goods Ready Date." The buyer is solely responsible for all pickup arrangements and export documentation.
 
3
Partial Shipment Policy
Strictly Prohibited.
All quotations are based on single-shipment execution. Requests for partial shipments will incur a penalty fee of USD $500.00​ per instance to cover redundant labor and documentation costs.
This fee must be prepaid.
 
4
Order Cancellation

Purchase Orders (PO) cannot be canceled 72 hours (3 days)​ after the PO issuance date without incurring restocking and material consumption fees.
 
5
Bill of Lading (B/L) Type

Default:
​ Telex Release (Surrendered B/L) for all LCL shipments.
Original B/L:​ If original documents are required for customs clearance, written notification must be provided at the time of booking.
Failure to do so will result in a USD $40.00​ re-issuance fee.
 
6
Payment & Release

Under "Balance Before Shipment" terms, KRECO retains full custody of the goods until cleared funds are received in our bank account. No cargo shall be released without verified payment.
 
7
Transit Time Estimates

Estimated transit times from the Ship-on-Board Date:
• Europe: ~25 days
• North America: ~30 days
• Australia: ~13 days
• Latin America: ~40 days
 
8
Document Dispatch

Original shipping documents (Invoice, Packing List, B/L) will be dispatched via FedEx/DHL upon request. A tracking number will be provided immediately.
 


Critical Operational Notes


  • Loading Date vs. Vessel Date:​ Please note that the Loading Date​ (when cargo is stuffed into the container) typically precedes the Vessel Date​ (ETD) by 4 to 9 days, depending on the shipping line's schedule.

  • Customs Documentation:​ We provide draft commercial invoices and packing lists for pre-clearance verification. Please ensure accuracy to avoid customs holds.

  • Post-Shipment Monitoring:​ Buyers are responsible for monitoring the Estimated Time of Arrival (ETA) and coordinating with the destination forwarder for prompt customs clearance to avoid demurrage charges.


Disclaimer:​ KRECO reserves the right to modify or amend these logistics policies and service terms without prior notice. The latest version supersedes all previous communications.