Related posts about free online training on import and export business: How to export your product? Freight forwarders specialise in … Terms used in freight forwarding such as fortuitous,foot equivalent unit,foul bill ,free arrival depot , freight bill,freight charge,freight forwarder Terms used in freight forwarding such as freight forwarder,freight release,freight prepaid, freight, foreign trade zone,fumigation etc. // ]]>. Click here to know HS code of your product What is the ITC code (Indian Tariff Code) of your product? The purpose of the incoterms is to provide a set of international rules for the interpretation of the most commonly used trade terms for foreign exchanges.  The above information is a part of Import Export Training course online Freight:(a) The price paid to the carrier for the transportation of goods or merchandise by sea or air from one place to another. in India. G.R.I. Full Container Load (FCL): A term used when goods occupy a whole container. Export License. FTHC: Foreign Terminal Handling Charge is a destination fee that is paid to the port of destination to handle the container and is usually paid by the consignee Learn how your comment data is processed. General Agreement on Tariffs and Trade: GATT Major international agreement on trade and tariffs between many nations all over the world. // ]]> A Freight Forwarder That Delivers. A freight forwarder combines less-than-truckload (LTL) or less-than-carload (LCL) shipments into carload or truckload lots. GDSM - Abbreviation for "General Department Store Merchandise." They include loading and unloading, lift-gates, etc. It is a process required by many importing countries for the importation of wood and related products. LTL or Less Than Truckload means just that. FREIGHT PAYABLE AT DESTINATION :Method of paying the freight often used for shipment of bulk cargoes whose weight is established on discharge from the ship. The freight forwarding industry is represented by the International Federation of Freight Forwarders Associations (FIATA), a non-governmental organization serving approximately 40,000 freight forwarding and logistics firms that collectively employ 8 to 10 million people within 150 countries. (adsbygoogle = window.adsbygoogle || []).push({}); Freight Forwarder FUEL SURCHARGE: A surcharge imposed to help offset increased fuel costs – applied as a percentage to freight charges.   This commodity structure occurs only in service contracts, and is often no longer accepted as a valid description of cargo. If in writing, it may be presented at the pier to obtain release of the cargo. Freight: Goods being transported from one place to another. Box 87134 – 80100 Terms used in freight forwarding such as freight forwarder,freight release,freight prepaid, freight, foreign trade zone,fumigation etc. GATEWAY - A point at which freight moving from one territory to another is inter-changed between transport lines. A broker basically arranges transportation by road, rail or ocean on behalf of a shipper, consignee or freight forwarder. FREIGHT STATUS ANSWER (FSA): A standard CargoIMP message identifier used to reply to a Status Request (FSR) indicating latest status, or statuses, in the movement of the nominated shipment. Consolidated shipments are … This is any item(s) that is boxed, crated, or palletized for transport. Conditions types régissant les transactions de courtage en douane canadienne. in French). Freight Carriers. In the field of shipping and logistics, the common terms used in freight forwarding, as well as the language that appears regularly can add complexities to the shipping process. This is a fuel surcharge usually added to air freight. Cilo Freight (Private) Limited is a Shipping and Forwarding Company in Zimbabwe that was established in 1994 with various offices across Zimbabwean borders. A broker basically arranges transportation by road, rail or ocean on behalf of a shipper, consignee or freight forwarder. FREIGHT:The money charged by the carrier for transporting goods. P.O.   A freight forwarder is a service provider that coordinates the movement of your cargo from A to B. The above details describes about terms called in freight forwarding such as freight forwarder,freight release,freight prepaid, freight,fuel-surcharge,foreign trade zone,fumigation,general rate increase,gateway city etc These phrases may help importers and exporters on their day to day business activities. GATT - General Agreement on Tariffs and Trade. Full Truck Load (FTL): A term which defines a shipment which occupies at least one complete truck trailer, or allows for no other shippers goods to be carried at the same time. // Jargon Explained > Freight Forwarding Terms > CAD. Full Set Off B/L's:Usually means the issuance of the three original's and three copies of the ocean Bill of Lading. Customs clearance is the process of passing shipments or freight through customs so that they can enter or leave a country. Fuel-surcharge (FSC), Fuel adjustment factor (FAF):This surcharge is assessed by a carrier (steamship line, barge, airline, trucker) in addition to their base freight charge and allows them to maintain long-term rates for transporting cargo with the flexibility to adjust for fuel costs that can be volatile in the short-term.For example, if ocean carrier "X" has a base ocean rate of $3,000 to transport a 20 ft. container of widgets from Los Angeles to Honolulu and their current FSC based on market prices for fuel-oil is 50%, then a surcharge of $1,500 would be applied to their base ocean rate for transporting the container. [CDATA[ FTL: See Full Truck Load Freight Tonne- In Ocean shipping, the base tonne (ie. (On a vessel for instance 6 gangs can be ordered to discharge or load.). FTZ: Foreign Trade Zone or zone includes one or more restricted-access sites, including sub zones, in or adjacent to a CBP port of entry, operated as a public utility under the sponsorship of a zone grantee authorized by the Board, with zone operations under the supervision of CBP. This post explains about terms used in freight forwarding such as freight forwarder,freight release,freight prepaid, freight,fuel-surcharge,foreign trade zone,fumigation,general rate increase,gateway city etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish. When you do not know what some of the terms mean, it can make the shipping experience difficult and overwhelming for you. This term is generally accepted by banks and shippers. However, LTL shipments cannot fill an entire truckload hence the name less-than-truckload freight. “In gauge” is commonly used when describing the nature of cargo that is non- containerized, not over sized, denoting that no special provisions are needed for over the road transportation. Terms and Conditions is available for download. Terms used in freight forwarding The PRO number is basically the standard trucking number. Welcome to the TFG freight forwarding, shipping and logistics hub. G.R.I. The discussions are now held by the WTO. EXW (Ex Works Incoterm) Return to top . Terms used in freight forwarding such as free carrier,full container load,feeder vessel,final destinatio, freight forwarder, firms code, Terms used in shipping such as Ocean Freight Forwarder ,Off Hire Survey,Offene Handelsgesellschaft, CUSTOMS Notification No 31 of 2020 dated 13th July, 2020, Notification No 30/2020 Customs date on 10th July, 2020, CUSTOMS Notification No 29 of 2020 dated 6th July, 2020, Notification no 06/2020 CENTRAL EXCISE date on 5th May, 2020, CENTRAL EXCISE Notification No 05 of 2020 dated 5th May, 2020, Central Tax Notification No 09 of 2020 dt 16th March, 2020 under GST, CUSTOMS Notification No 15 of 2020 dated 13th March, 2020, Notification no 04/2019 CENTRAL EXCISE date on 13th March, 2020, CENTRAL EXCISE Notification No 03 of 2020 dated 13th March, 2020, CUSTOMS (ADD) Notification No 06 of 2020 dated 12th March, 2020, Terms used in trade such as Global Village,Globalisation ,Gobbledegook,Golden Formula,Gold Standard , Gold Reserve etc, Meaning of Service Exports from India Scheme (SEIS), Indian Budget 2014-15 changes in Import Duties,Excise Duties and Service Tax, GST number for Textile, wearing apparel and leather manufacturing services, Goods and Service Tax tariff for Commercial and Industrial construction service, HS CODE Chapter 73 RTICLES OF IRON OR STEEL 4 digits, Terms used in export business such as Foreign Nationa,Foreign Person,Free Carrier,Free circulation. 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