Same bottom cargo
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2017
explain same bottom or retention cargo
23 July 2025
Sure! Here’s an explanation of **Same Bottom Cargo** (also called **Retention Cargo**) in shipping and logistics:
---
### **Same Bottom Cargo / Retention Cargo**
* **Meaning:**
Cargo that is shipped on the **same vessel** (same bottom) which carries the main goods or consignment. The term “bottom” refers to the ship or the transportation vehicle.
* **Context:**
Sometimes, due to operational reasons or contractual terms, additional goods (cargo) are shipped on the same vessel to the same consignee, either at the time of the original shipment or shortly after.
* **Retention Cargo:**
This is cargo retained or held by the shipper to be shipped later on the **same vessel** as the original shipment, often due to delay in readiness or documentation.
---
### **Why is it Important?**
* **Customs and Insurance:**
Authorities and insurers often treat same bottom cargo differently, especially for valuation, duty, or claim purposes.
* **Consolidation:**
Helps in consolidation of shipments to reduce freight costs.
* **Documentation:**
Requires proper mentioning in the Bill of Lading and shipping documents to show that goods belong to the same shipment.
---
### **Example:**
* A company ships 1000 units of goods by Ship A on 1st July.
* Due to delay, 200 more units are ready only on 3rd July.
* These 200 units are shipped on the **same ship (Ship A)**, referred to as **Same Bottom Cargo** or **Retention Cargo**.
---
If you want, I can also help explain the implications on invoicing, customs clearance, or insurance related to this.
Would you like that?
---
### **Same Bottom Cargo / Retention Cargo**
* **Meaning:**
Cargo that is shipped on the **same vessel** (same bottom) which carries the main goods or consignment. The term “bottom” refers to the ship or the transportation vehicle.
* **Context:**
Sometimes, due to operational reasons or contractual terms, additional goods (cargo) are shipped on the same vessel to the same consignee, either at the time of the original shipment or shortly after.
* **Retention Cargo:**
This is cargo retained or held by the shipper to be shipped later on the **same vessel** as the original shipment, often due to delay in readiness or documentation.
---
### **Why is it Important?**
* **Customs and Insurance:**
Authorities and insurers often treat same bottom cargo differently, especially for valuation, duty, or claim purposes.
* **Consolidation:**
Helps in consolidation of shipments to reduce freight costs.
* **Documentation:**
Requires proper mentioning in the Bill of Lading and shipping documents to show that goods belong to the same shipment.
---
### **Example:**
* A company ships 1000 units of goods by Ship A on 1st July.
* Due to delay, 200 more units are ready only on 3rd July.
* These 200 units are shipped on the **same ship (Ship A)**, referred to as **Same Bottom Cargo** or **Retention Cargo**.
---
If you want, I can also help explain the implications on invoicing, customs clearance, or insurance related to this.
Would you like that?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- NRI starting business in India
- Condonation . E-Verification of last year return .
- GST not cancelled by tenant
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
