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Logistical Terminology

LOGISTICAL TERMINOLOGY

We provide you with a set of different terms that are used in operations Affiliated to sea freight and air freight, which are known in all countries:

Bill of Lading

A document issued by the carrier, which is a transport contract between the exporter and the carrier, showing the port of shipment, port of arrival, means of transportation, freight and how to pay it. The bill of lading is considered a confirmation by the carrier that the goods have been received in the ship’s holds, and it is also a contract of ownership for the issuer to which the bill describes the goods and the destination to which it is intended.

Airway Bill

A document constituting the carrier’s confirmation of receipt and readiness to transport the goods.

Waybill

It is a written list of the names and descriptions of the goods shipped on a wagon, train or car, and it is the official document accepted by the transport company in the event that the owner of the goods demands the transport company or the insurance company to recover the price of what was lost or damaged during shipment.

Demurrage container failures

Fees paid by the importer for his delay in returning the shipping containers at the port of destination after giving him a period of one or two weeks, or according to the agreement between the shipping company and the importer. The period is calculated from the date of arrival of the goods at the port of destination until the empty containers are returned to the port.

Manifest

It is the statement prepared by the master of the ship about the goods that are unloaded from the ship to a specific port, and a copy of it is sent to the customs authority and shipping agents. This statement contains a full description of the goods, the name of the importer, the weight, the number of packages, the size of the goods, the name of the ship, the voyage number, the port of loading, the port of discharge.

Flat Rack Containers:

Containers for heavy loads and excess cargo, which are containers without sides or tops.

Group – C – Basic payload driven:

CFR

The seller pays the costs and freight until the goods are delivered to the port of destination, the risk is transferred to the buyer when the goods cross the ship’s rail.

CIF

CIF, Insurance and Freight Costs This requirement is similar to the CFR requirement except that in this case the seller must buy and pay the buyer’s insurance.

CPT Payload

The seller pays the cargo to the destination point, but the risk passes to the buyer once the goods are delivered to the first carrier.

Flat Rack Containers:

DAF Border Recipient (location to be determined)

Delivery Dock DEQ

Delivery Marina DEQ (Port is specified)

Muslim Without Paying Duty DDU

Muslim without paying DDU fees (The place of arrival is specified)

DDP Customs Clearance

DDP customs clearance (The place of arrival is specified)

Set – E – Basic Payload Driven:

EXW Factory Delivery The seller prepares the goods in his premises (the place is to be determined).

Group – F – Unpaid Base Load:

FCA Free Vector The seller delivers the goods to the first carrier (to be determined by the buyer) at a specified place and the goods are ready for export. This term is appropriate for all modes of transport, such as air transport, rail transport, road transport and multi mode (location to be specified).

Full charges until the FAS dock

The seller must place the goods on the shipping dock at the specified port. The seller prepares and clears the goods for export. This term is used for sea transport only (the port of loading is specified).

FOB

This clause is a conventional marine clause, the seller must load the goods on board the vessel designated by the buyer, the cost and risk being apportioned at the rail. The seller must clear the goods for export. This condition is used in sea transport only (the port of loading is specified).