Air Waybill |
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AWB is an essential document raised by an air line. It contains the description of godos to be shipped by air, place of delivery and consignee. |
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Notice of arrival |
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It is a notification that the Freight Forwarder or carrier sends to the consignee when the cargo has arrived to its destination. |
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BAF |
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“Bunker Adjustment Factor' is a detailed surcharge of fuel. |
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Bill of Lading |
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BOL or B/L is an essential document issued by a carrier company. The B/L contains the description of godos to be shipped by ocean, place of delivery and consignee. |
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Bonded Warehouse |
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It is awarehouse authorized by Hacienda/ Mexican Customs to stored godos until the freight is cleared under other name. |
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CAF |
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“Currency Adjustment Factor' is a surcharge that covers currency Exchange fluctuations. |
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Carrier |
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Carrier is a person or company commited to the business of passengers or freight transportation. |
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Certificate of Origin |
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CO is a document required by some countries which certifies the good’s country of origin. It is used for pricing purposes |
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CFR- Cost and Freight |
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Title, risk and insurance cost pass to buyer when delivered on board the ship by seller who pays the transportation cost to the destination port. Used for sea or inland waterway transportation. |
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CIF |
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CIF means: “Cost, Insurance and Freight'. CIF describes the total costs of godos including freight charges and insurance. |
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Commercial Invoice |
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It is the bill from the seller to the buyer showing the total value of the goods. This document is mandatory for the customs authorities to verify the value of goods |
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Consignee |
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Is the person or company who buys a product or service. |
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Consignor or Shipper |
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Is the person or company who sells a product or service. |
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Consolidation |
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It is the process of shipping several LCL’s into one container. |
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Door-to-Door |
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It is the transportation service from one place to another including transportation and customs clearance. |
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ETA |
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“Estimated Time of Arrival' |
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ETD |
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“Estimated Time of Departure' |
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EXW- Ex Works |
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Title and risk pass to buyer including payment of all transportation and insurance cost from the seller's door. Used for any mode of transportation. |
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FAS- Free Allongside Ship |
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Title and risk pass to buyer including payment of all transportation and insurance Cost once delivered alongside ship by the seller. |
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FCA- Free Carrier |
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Title and risk pass to buyer including transportation and insurance cost when the seller delivers goods cleared for export to the carrier. |
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FCL |
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“Full Container Load' |
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Flatbed |
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Flat bed |
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FOB- Free on Board |
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Risk pass to buyer including payment of all transportation and insurance cost once delivered on board the ship by the seller. Used for sea or inland waterway transportation. |
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Freight Forwarder |
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It is a logistics supplier who coordinate the transportation of goods from a place to another. |
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Hazardous Materials (Haz. Mat.) |
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HazMat' are materials considered by the Transportation Department to be a hazard for the health or safety when in transit |
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IMO |
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IMO is a document required for Dangerous Goods transportation. |
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MR |
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MR means Material Received and is a document sent by the Freight Forwarder, the warehouse or the carrier once the materials have been received by the warehouse. |
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NVOC |
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Carriers o Freight forwarders who does not own the transportation infraestructura and supply the LCL service. |
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Packing List |
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It is a document that shows a very detailed list of the goods to be shipped out. |
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Palletization |
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Palletization is the process of putting together several units of cargo into one pallet (a double-decked wooden platform that’s easy to carry with fork lifters). |
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POD |
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“Proof of Delivery' is a document signed by the consignee validating that the cargo has been received as agreed. |
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Purchase Order or PO |
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PO is a number given when the goods are purchased. |
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SOP |
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“Standard Operating Procedure' is a procedure required when the cargo is being shipped out in order to clarify every step during the shipping process. |
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Shipper’s Export Declaration |
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SED means “Shipper`s Export Declaration' It’s an export document needed in the US when the value of cargo is over usd $2,500 and it shows general information about the freight. |