Definition
Containerization is the process of packing goods into standard-sized intermodal containers, facilitating efficient transportation and handling during shipping. These containers can be easily transferred between different modes of transportation, such as ships, trains, and trucks, without the need to unpack and repack the cargo. Containerization revolutionized the shipping industry by streamlining logistics, reducing costs, and improving cargo security.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.