Glossary

The minimum fee charged for shipping, irrespective of the actual shipment cost.

Transportation of goods by air, usually faster but costlier than other modes

A document that serves as a receipt and contract for air transportation of goods

The return journey of a transportation vehicle after delivering its primary load

A document detailing the shipment, serving as a receipt and title of goods in transit

Unpackaged goods transported in large quantities without individual packaging

Insurance coverage for potential loss or damage to shipped goods during transit

A trade term indicating that the seller is responsible for transportation and insurance up to the destination

A trade term indicating that the seller is responsible for transportation to the destination

Cubic Meter, a unit of measurement for cargo volume

The weight used to calculate shipping costs, considering actual weight or volumetric weight, whichever is higher

A logistics process ensuring the temperature-controlled transportation of goods, often in the pharmaceutical or food industry

The party to whom the goods are shipped and delivered

The party that sends goods for delivery

A trade term indicating that the seller covers costs up to the destination port

A trade term indicating that the seller covers costs, insurance, and freight up to the destination port

A logistics strategy involving transferring goods directly from inbound to outbound transportation without storage

A professional facilitating customs clearance by managing import/export documentation

The charge for processing goods through customs

The assessed value of imported goods used for calculating duties and taxes

A trade term indicating that the seller is responsible for delivering goods to a named destination

A trade term indicating that the seller is responsible for goods until they are unloaded at the named destination

A trade term indicating that the seller is responsible for delivering goods, including duties and taxes, to a named destination

Charges for exceeding the allowed time for loading/unloading at a port

Charges for exceeding the allowed time for the empty container return to the carrier's nominated depot

A shipping cost calculation based on package volume rather than actual weight

A document accompanying goods sent for delivery, providing details about the shipment

The short-distance transportation of goods between a port and a warehouse or other destination

A trade term indicating that the buyer bears all transportation costs from the seller's location

The party selling goods for shipment to another country

A inventory management method where the oldest stock is used or sold first

A trade term indicating that the seller delivers goods alongside a nominated vessel

A trade term indicating that the seller delivers goods to a named carrier

A trade term indicating that the seller is responsible for goods until they are loaded on the vessel

The period of time that a carrier gives its customers for demurrage and/or detention activities, free of charge

An area where goods can be stored, handled, or processed without customs duties

A company organizing and facilitating the shipment of goods on behalf of others

 Insurance coverage for potential loss or damage to goods during transportation

Additional charge to compensate for fuel cost fluctuations in transportation

A single shipment or the cargo of one customer fills an entire shipping container

A container with extra height to accommodate larger or taller cargo

Harmonized System Code, a standardized numerical method for classifying traded products

The movement and storage of goods from suppliers to a company's manufacturing or distribution facility

International Commercial Terms, specifying the responsibilities of buyers and sellers in international trade

The use of multiple modes of transportation (e.g., truck, rail, ship) for a single shipment

A shipping arrangement where multiple shipments from different customers are consolidated and shipped together in a single container

A financial document ensuring payment to the seller upon meeting specified conditions

A legal document protecting one party from financial loss or liability

Insurance coverage for goods transported by sea

The use of multiple modes of transportation for a single shipment, often under a single contract

A company that arranges shipments without operating its own vessels

The party to be notified upon the arrival of the shipment

Transportation of goods by sea

A document listing the contents of a shipment and how they are packed

The process of loading and securing goods on pallets for transportation

The process of moving goods from their final destination back to the manufacturer or distribution center

A document serving as a receipt for goods shipped by sea, without title transfer

A document instructing a freight forwarder on how to handle a shipment

Twenty-foot Equivalent Unit, a standard measurement for container capacity

The transfer of goods from one mode of transportation to another

A container or pallet used to load cargo onto an aircraft

A consumption tax levied on the value added to goods and services at each stage of production and distribution