Glossary of Trade & Freight Terms

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Information about Glossary of Trade & Freight Terms
Business & Mgmt

Published on February 24, 2014

Author: tradegalleries

Source: slideshare.net

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The term "International Trade" is generally referred to the exchange of goods and services between countries. In this post we have compiled a list of wide variety of different terms and terminologies that are widely used in International Trade, Air Freight and Sea Freight industry.

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GLOSSARY OF TRADE & FREIGHT TERMS The term "International Trade" is generally referred to the exchange of goods and services between countries. In this post we have compiled a list of wide variety of different terms and terminologies that are widely used in International Trade, Air Freight and Sea Freight industry.

Glossary of Sea Freight Terms • ASABOSA: This refers to the Association of Ships' Agents and Brokers . • ASL: This is an abbreviation for the Association of Shipping Lines The width and the breadth of the ship is known as a beam. • Beam: • Bulkhead: Any vertical portion that separates one space from the other in a ship is known as bulkhead. • Carriers: Those transporters and owners of ships that provide services to shippers are known as carriers. This is also usedhere for complete list: Glossary of example, oil to refer to vessels for Sea Freight Terms Click carriers.

Glossary of Air Freight Terms • Allotment: It is used to refer to the blocked space, which has been blocked by airlines for the shippers and forwarders. • ATD: It is an abbreviation for the word "Actual Time of Departure“ • Gateway: For transport activities, gateway is the term for the major seaport or airport. If taken internationally, it means the port where the goods where cleared by the customs. • DDP: It refers to the Delivery Duty Paid. • ETD: ETD is the abbreviation for the Estimated Time of Click here for complete list: Glossary of Air Freight Terms Departure.

Glossary of International Trade Terms • Acceptance: An agreement which signifies that the buyer has agreed to purchase goods under particular terms and under stated price is known as acceptance. • Alteration: This signifies the process whereby there is a change in the boundaries of a particular zone or subzone. • Asian Dollars: This refers to U.S dollars, which are in store in Pacific Basin and Asia. • Booking: This refers to the arrangement with a transport company to accept and transport the freight. • Cash in Advance: This is the payment for the goods in full before any kind of shipment has even started. • Cost, Insurance and Freight: This refers to a pricing term whereby the quoted price includes the cost of the Click here for complete goods, the freight andlist: Glossary of International goods. the insurance of the Trade Terms

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