Post on 19-Jul-2016
Bale
Bale Cargo
Bagged Cargo
Banding
BULK SHIPMENT
export cargo
Bonded warehouse/Bonded Goods
IN BOND
Bolster
Chains and Binders
Container
Container Number
Container Pool / Depot
Container Yard
Cooper
Lift-on / Lift-off -
Roll-on / Roll-off -
Barges(noun)
Commodity Description
AMS -
Bay -
Bolster -
Cell -
Cell Guides -
Insulated Container
Insulated Container Tank
Container Freight Station (CFS)
Container Terminal(CT)
Container Chassis
Connecting Carrier
Container Ship
Container Tanks
contract of carriage
sealed containers
loaded containers/stuffed Container
rail Wagon,rail-flat
stuffing X de-stuffing containers
Barge
CARRIER
ON HAND (OH)
Mixed Container Load
Open Top Container
Stuffing
Carriage
A large bundle or package of compressed and bound goods, usually with an outer covering, often of burlap.
Cargo shipped in bales.
Goods shipped in sacks.
Securing of cargo on a pallet generally by a steel/metal stripping.
means a shipment consisting of loose boxes or pieces that are not containerized, palletized, or
wrapped or tied together. Also called LOOSE SHIPMENT.goods to be export through ship or air.
Customs authorities authorised warehouse used for storage of Imported goods on which payment of duties is
deferred until it is removed.
means storage of merchandise in a bonded terminal or warehouse to await Customs clearance for
entry into the country where the terminal or warehouse is located, or transshipment to another
country. IATA grants its members permission to accept, carry, and bill for air shipments.
Bracing of a commodity in a container
Used to secure (brace & chock) oversize cargo to equipment.
A truck trailer body that can be detached from the chassis for loading into a vessel, a rail car or stacked in a
container depot. Containers may be ventilated, insulated, refrigerated, flat rack, vehicle rack, open top,
bulk liquid or equipped with interior devices. A container may be 20 feet, 40 feet, 45 feet, 48 feet or 53
feet in length, 8'0" or 8'6" in width, and 8'6" or 9'6" in height.
Identification number assigned to each container.
Where containers are stored usually inland for container availability to shippers or consignees. Carrier
location to hold empty containers, various points for shipper's utilization; an area designated for storage of
empty .
Facility where full and empty containers are stored.
Warehouse worker assigned to reconstruct or repair cartons, crates, boxes, etc.
The method by which cargo is loaded and discharged by the use of a crane.
The method by which wheeled vehicles can be directly driven on and off a vessel.
Conveyance used to carry loose cargo or containers in smaller volumes than mother vessels.
Commodity Description - Description of goods being shipped.
Automated Manifest Systems.
Section of a vessel where containers or cargo is stored.
Bracing of a commodity in a container.
Container slot where container fits into place on vessel.
A guide for each container slot.
A container insulated on the walls, roof, floor, and doors, to reduce the effect of external temperatures on
the cargo.
The frame of a container constructed to hold one or more thermally insulated tanks for liquids.
Also called a container base or consolidation depot. A depot where parcels of cargo are grouped and
packed into containers.
Location where loaded and/or empty containers are loaded or discharged from a vessel or from a
chassis/wagon.
A vehicle specially built for the purpose of transporting containers so that the container and chassis
serve as a road trailer when assembled.
An intermediary Carrier utilised to connect cargo to/from mother vessel.
Vessel built to accommodate ocean containers.
Specially constructed cylindrical container for the carriage of bulk liquids, powders or gases.
Commonly called Tanktainers.
Binding agreement (evidenced usually by an air waybill, bill of lading, or passenger ticket) which contains
conditions of carriage that spell out the obligations and rights of a carrier and a shipper/passenger. The
carrier undertakes to deliver goods/passengers from a named place of departure to a named destination,
in consideration for freight/fare. This contract addresses issues associated specifically with what is being
carried, and how the liability and compensation for damage or injury to (or loss of) the goods/passengers
is assessed, apportioned, and paid.it contains also the carrier's policy regarding baggage, bumping,
cancellation and delays, claims
A flat bottomed cargo vessel primarily used on rivers and canals. Usually it is towed or pushed but it may be
self-propelled.
In an air-freight context, this definition applies to the Carrier issuing an Air Waybill, and to all Carriers that
carry or undertake to carry the cargo under such Air Waybill or to perform any other services related to
such air carriage.
means a shipment has arrived at a particular airport and awaits pickup by the customer.
A container load of different articles in a single consignment.
A container fitted with a solid removable roof, or with a tarpaulin roof so the container can be loaded or
unloaded from the top.
Putting cargo into a container.
means all or any part of the carriage, loading, unloading, storing, warehousing, handling and any and all
other services whatsoever undertaken by the Carrier in relation to the Goods
lading
Arrival Notice
Cargo Receipt
Freight forwarder
PORT CODE
PORT OF ENTRY
Port of discharge
Place of delivery
PROOF OF DELIVERY (POD)
SHIPPER'S LETTER OF INSTRUCTION (SLI)
VALUATION CHARGE
WAREHOUSE RECEIPT (W/R)
Free Port
Foreign-Trade Zone/Free Trade
Zone
Combined Transport
Delivery Note
Advice of Shipment
Free Trade Zone
Freight
Freight Bill
In–Transit Entry (I.T.)
POD
Point of Origin
Port of Entry
Port of Exit
Shipper’s Letter of Instructions
Shipper's export declaration
Consolidation
CONSOLIDATOR
Mate’s Receipt/Dock receipt
OFFLOAD
Warehouse receipt(W/R)
Bill of Entry
1. Placement of cargo in its transporting vessel.
2. Cargo carried in a transportation vessel
A notification by carrier of ship’s arrival to the consignee, the “Notify Party,” and – when applicable – the
“Also Notify Party.” These parties in interest are listed in blocks 3, 4 and 10, respectively, of the Bill of
Lading.
A receipt of cargo for shipment by a consolidator.
It is a term for an independent business which handles export shipments. They are among the best
sources of information and assistance on export regulations and documentation, shipping methods,
and foreign import regulations.
means the unique code for each country's Customs port of entry.
means a place where Customs officers clear merchandise for entry into a country, collect duties, and
enforce the country's Customs laws.
Port of discharge can be a destination sea port.
An inland location away from port of discharge. if the port of delivery has been mentioned in the bill
of lading, the responsibility to deliver goods at place mentioned in Bill of Lading is vested with the
carrier of goods.
means a document sent to the shipper, showing date and time a shipment was delivered, and the
signature of the recipient.
means a document that a shipper uses to give a Carrier all necessary information about a shipment,
and to empower the Carrier to issue an Air Waybill or Bill of Lading and sign it on the shipper's
behalf.
means an additional charge a shipper must pay when he declares a higher value for articles of
extraodinary value than the Carrier's limits of liability. See DECLARED VALUE FOR CARRIAGE.
means a document issued at a warehouse to acknowledge acceptance of goods stored there to await
transport, pickup, or delivery.
An area such as a port city into which merchandise may legally be moved without payment of duties.
A port designated by the government of a country for duty-free entry of any non-prohibited goods.
Merchandise may be stored, displayed, or used for manufacturing, etc., within the zone and re-
exported without duties being paid.
Transport where the major part of the journey is by f. inst. sea and any pre-/on-carriage is carried out
by another mode such as road.
A document evidencing the delivery of a shipment to a Consignee. Delivery Order
A document issued by or on behalf of the Carrier authorising the release of import cargo to Consignee.
A notice sent to a local or foreign buyer advising that shipment has gone forward and containing
details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the
bill of lading.
A port designated by the government of a country for duty–free entry of any non–prohibited goods.
Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re–exported
without duties.
Refers to either the cargo carried or the charges assessed for carriage of the cargo.
A document issued by the carrier based on the bill of lading and other information; used to account for a
shipment operationally, statistically, and financially.An Invoice.
Allows foreign merchandise arriving at one port to be transported in bond to another port, where a
superseding entry is filed.
Port of Discharge,Proof of Delivery
The place at which a shipment is received by a carrier from the shipper.
Port where cargo is unloaded and enters a country.
Place where cargo is loaded and leaves a country.
Shipper’s Letter of Instructions for issuing an Air Waybill. Shipper’s communication(s) to its agent and/or
directly to the international water–carrier. Instructions may be varied, e.g., specific details/clauses to be
printed on the B/L, directions for cargo pickup and delivery.
a shipper, indicating the value, weight, destination, and other basic information about an export
shipment.
Effort extended to put same destination cargo together in same container for ease of delivery.
means a company that combines less-than-container loads of cargo from multiple shippers to fill a
cargo container for transport.
An archaic practice. An acknowledgement of cargo receipt signed by a mate of the vessel. The possessor of
the mate’s receipt is entitled to the bill of lading, in exchange for that receipt.
means taking the cargo out of the Carrier's aircraft, vessel, or truck.
It is a receipt of a warehouse listing goods or commodities received for storage.
Proof of delivery for goods imported against bill of lading given by the shipper.
Freight Forwarder
Air Waybill
Customs Clearance
Customs Duty
Customs Station
Customs Warehouse
Customs Declaration FormDuty Entitlement Pass Book
Scheme.
Drawback
Export declaration
Exchange control
Import duties
Freight Shippers (Freight
Forwarders)
Marine Insurance
Open Insurance Policy
IATA-Code
Aggregate Shipment
A person whose business is to act as an agent on behalf of the shipper. A freight forwarder
frequently makes the booking reservation. In the United States, freight forwarders called as “Ocean
Intermediaries.”
The forwarding agreement or carrying agreement between shipper and air carrier and is
issued only in nonnegotiable form and also functions as a bill of lading, all information
described about domestic and international trade.
Shipment cleared by Customs for movement. paid to U.S. Customs for goods entered into U.S. from foreign countries.
Area where containers are brought for Customs inspection.
Where cargo is temporarily stored awaiting inspection or where cargo is stored when seized by
Customs due to lack of permit/entry.
means an oral or written statement describing and stating the value of goods originating
elsewhere and being imported into a destination country.
It is the import duties and taxes, either in whole or in part, refunded by a government when
the imported goods are re-exported or are used in the manufacture of exported goods.
It is a formal statement which declares the complete details about goods being exported. It is
made to customs at a port of exit.
A governmental policy designed to restrict the outflow of domestic currency and prevent a
worsened balance of payments position by controlling the amount of foreign exchange that
can be obtained or held by domestic citizens.
Customs duties payable on importation.
Agents used to coordinate the logistics of transportation. A non-asset based firm that
negotiates low shipping rates with airlines and then takes orders at a higher rate in order to
make a profit, using the other company's assets to move the product.
Insurance that compensates the owners of goods transported overseas in the event of loss
that cannot be legally recovered from the carrier.
A marine insurance policy that applies to all shipments made by an exporter over a period of
time rather than to one shipment only.
Numerous shipments from different shippers to one consignee that are consolidated and
treated as a single consignment.
certificate of origin
Inspection Certi/Exam. Certificate
Certificate of Product Origin
Document that certifies a shipment's country of origin. It is used between members of
a trading block or where special privileges are granted to goods produced in certain
countries. Certificate of origin is commonly issued by a trade promotion office, or a
chamber of commerce in the exporting country. Also called declaration of origin.
Issued from Export Inspection Agency asked for by the authorities of the importing
country. It is a document which certifies the merchandise (like perishable goods) that
it was in good condition just before its shipment.
A document required by certain foreign countries for tariff purpose, certifying
the country of origin of specified goods.
Open Account (O/A)
D/P – Documents against Payment
D/A – Documents against Acceptance
Cash Against Documents(CAD)
T/T payment
Cost and freight-CFR or C & F
CIF
Cash in advance (CIA)
Cash with order (CWO)
Barter
Clean Collection
Deferred payment credit
Cost and Freight
Claim
Free on board. (FOB)
Indemnity Bond
A trade arrangement regarded having the most risk in which the buyer pays upon the
receipt of goods, or on deferred payment basis.
The export documents and the bill of exchange provided to a collecting bank are only
made available to an importer when payment is made. The collecting bank then
transfers the funds to the seller through the remitting bank.
First,The export documents &draft with credit term are sent to collecting bank by remitting
bank with instructions to release the documents against the buyer’s acceptance to pay
payment at a specified later date(Time Draft). At maturity, the collecting bank contacts the
importer for payment.
A term in which the commission house or other intermediary transfers title documents
to the buyer upon payment in cash. This process lacks the security and legal protection
of a documentary collection since the exports documents are sent through a remitting
bank to a collection bank without a bill of exchange. It is, however, still a collection
through the banking system.T/T means telegraphic transfer -a cable message from one bank to another in order to
effect the transfer of money. T/T payment is a method of transferring funds by wire
transfer made from anywhere in the world. Payment terms may be "T/T in advance", "T/T
before shipment", "T/T within 15days after shipment",
It is a pricing term, which indicates that the cost of the goods and all transportation
charges are included in the quoted price. In this case the buyer arranges for and pays
insurance.
Cost, insurance, freight. It is the price, which includes the cost of material together with
the transport and insurance costs.
It is a term in which the price is paid in full before the shipment is made.
It is a term in which the buyer pays when the order is made and the transaction becomes
binding on both the parties.
It is a term for those types of trade in which the merchandise is exchanged directly for
other merchandise without making use of money. It is useful for those countries where the
currency is not readily convertible. System where there is an exchange goods without
involving money.
The exporter creates a bill of exchange, which is sent without any export documents to a
buyer for collection through the remitting bank to the collecting bank. There is less
security for an exporter since the documents are sent directly to the importer.
where a person receives item with a commitment to begin making payments at a future
date.
Terms of sale. Seller quotes price including the cost of goods and all transportation
charges to the named point of destination.
A request for payment by a customer due to shortage or damage to cargo.
Term of sale where responsibility for the goods changes from seller to buyer when
goods pass onto the carrying vessel
An agreement to hold a carrier harmless with regard to a liability.
Draft (or bill of exchange)
Demand draft
Acceptance
Acceptance of Bill of Exchange
Bankers Acceptance
At sight draft or Sight draft (S/D)
After Sight
Negotiable instruments
Date draft or Time draft
Documentary draft
Advance Against Documents
Bill of entry for home consumption
It is a written order, either negotiable or non-negotiable, which directs one
party to pay a certain sum of money to the drawer or to a third person.
Any agreement to purchase goods under specified terms. An agreement to
purchase goods at a stated price and under stated terms.
Acceptance of bill of exchange is an act by which drawee accepts the drawer's bill
of exchange by signing under the words 'accepted' on face of the bill. It is the
drawee's signed engagement to honor the bill as presented.
A time draft calling for payment at a future date on which the drawee is a bank, and
the bank has agreed to pay by signing "accepted" on the draft.
A draft payable upon presentation to the drawee. After shipment,the exporter sends
the sight draft to the clearing bank, along with documents to obtain the goods from
customs. The buyer has to settle the payment with the bank before the documents
are released and he can take delivery of the goods.
usually, a term or time draft for instance “at 90 days sight”, or after a specific date,
such as “at 150 days bill of lading date.”
A negotiable instrument is a written order or unconditional promise to pay a fixed
sum of money on demand or at a certain time. A negotiable instrument can be
transferred from one person to another. Once the instrument is transferred, the
holder obtains full legal title to the instrument. It is a draft payable at a specified future date after the date on which it is issued,
irrespective of the date of acceptance. [also check Draft, Sight Draft, and Time
Draft]
A draft to which documents are attached.
A loan made on the security of the documents covering the shipment.
Courier bill received from transport company which contains all details of
imported items and value.
Lading
House Air Waybill (HAWB)
Bill of Lading (B/L)
Non-negotiable(B/L)
Clean bill of lading
On Board Bill-of-Lading
Order bill of lading
Straight bill of lading
Through bill of lading
Foul Bill of Lading
On Board
Order–Notify (O/N)
Waybill (WB)
Refers to the freight shipped; the contents of a shipment.
An air waybill issued by an airfreight consolidator. The detailed information for each
individual portion of a consolidated shipment. (See also Air Waybill)
A receipt for the cargo and a contract for transportation between a shipper and
the ocean carrier. It may also be used as an instrument of ownership which can
be bought, sold, or traded while the goods are in transit. It serves as a document
of title, a contract of carriage and a receipt for goods.
Not able to be bought, sold, exchanged, or transferred. This term can be applied to
documents or other instruments. See also non-negotiable instrument.
2. Not open to negotiation. "The terms of this contract are absolutely non-negotiable; the
company will not budge."
Non-negotiable bill of lading is a bill of lading which is not made negotiable by a provision that
the goods are to be delivered only against an order in a record signed by the same or another
named person. It is a bill of lading that states that the goods are consigned to a named
person. Non-negotiable bill of lading is otherwise known as a straight bill of lading.
It is a receipt for goods which is issued by a carrier indicating that the goods were
received in "apparent good order and condition," without any damage or other
irregularities. [also check Foul bill of lading]An On Board Bill-of-Lading certifies that the cargo has been placed aboard the
named vessel and is signed by the master of the vessel or his representative. On
letter of credit transactions, an On Board Bill-of-Lading is usually necessary for
the shipper to obtain payment from the bank.
It is a negotiable bill of lading that is made out to the order of the shipper.
A term for a non-negotiable bill of lading which states a specific identity to whom the
goods should be delivered.
It is a term for a single bill of lading covering certain items moving from the point of origin
to the final location although they move through two or more modes of transportation.
A receipt of goods issued by a carrier with an indication that the goods were damaged
when received.
A notation on a bill of lading that cargo has been loaded on board a vessel. Used to satisfy
the requirements of a letter of credit, in the absence of an express requirement to the
contrary.
A bill of lading term to provide surrender of the original bill of lading before freight is
released; usually associated with a shipment covered under a letter of credit.
A document prepared by a transportation line at the point of a shipment; shows the point
of the origin, destination, route, consignor, consignee, description of shipment and amount
charged for the transportation service. It is forwarded with the shipment or sent by mail to
the agent at the transfer point or waybill destination. Abbreviation is WB. Unlike a bill of
lading, a waybill is NOT a document of title.
Commercial Invoice
Container Number -
Gross weight
Tare weight
Pro forma invoice
CONSIGNOR
DIMENSIONAL WEIGHT
General term for documents describing various aspects of a transaction, e.g.
commercial invoice, transport document, insurance document, certificate of
origin, certificate of inspection etc.
Identification number assigned to each container.
It is a term used for the full weight of a shipment, including the goods and
packaging. [also check Tare Weight]
It is the weight of the container and/or packed materials without considering the
weight of the goods inside the container.
It is an invoice provided by a supplier prior to the shipment of merchandise,
which informs the buyer of the kinds and quantities of goods to be sent, their
value, and other important specifications like weight, size, etc.
means the party contracting with the Carrier for carriage of the shipment.
means an estimate of weight based on the cubic space that a shipment occupies
(rounded up to the nearest pound). Also called, VOLUMETRIC WEIGHT
Credit Instrument
Unconfirmed Letter of Credit
sight letter of credit
Standby Letter of Credit
Revocable Letter of Credit
Irrevocable Letter of Credit
Commercial Letter of Credit
Confirmed Letter of Credit
Confirmed letter of credit
Collection Papers
DEPB
Like, Doc.credit or LC.A letter of credit where only the bank issuing it has agreed to guarantee payment.
This differs from a confirmed letter of credit, where at least two banks guarantee
payment. This increases the risk for the bank that honors the letter of credit, as it
only has one, rather than two, ways to seek recourse.
A letter of credit that is payable as soon as the required documents have been
presented.
In the event that the bank's customer defaults on a payment to the beneficiary,
and the beneficiary documents proof of its loss consistent with any terms set forth
in the letter, a standby letter of credit may be used by the beneficiary to secure
payment from the issuing bank.
An revocable letter of credit may be cancelled or modified after its date of issue, by
the issuing bank.[also check Irrevocable Letter of Credit]
An irrevocable letter of credit includes a guarantee by the issuing bank that if all of
the terms and conditions set forth in the letter are satisfied by the beneficiary, the
letter of credit will be honored.
A commercial letter of credit assures the seller that the bank will provide payment
for any goods or merchandise shipped to the bank's customer, assuming the seller
provides any required documentation of the transaction and its shipment of the
purchased goods.
A letter of credit, issued by a foreign bank, which has been verified and guaranteed
by a domestic bank in the event of default by the foreign bank or buyer. Typically,
this form of letter of credit will be sought when a domestic exporter seeks
assurance of payment from a foreign importer.
It is a term used for a letter of credit, which is issued by a foreign bank, and the
validity of which has been confirmed by a domestic bank. This is an assured
payment by the domestic bank even if the foreign buyer or the foreign bank
defaultsAll documents submitted to a buyer for the purpose of receiving payment for
a shipment.
Refers to the Duty Entitlement Pass Book to neutralise the incidence of basic
customs duty on the import content of export product. This is provided by
way of grant of duty credit against the export product at specified rates. The
DEPB Scheme