Resources

Written guidance, beside the data.

The knowledge base is generated from official schedules. This is the part we write: guides, explainers, definitions and tools that make the data usable.

Recently published

Glossary · 4 Aug 2026

Zone

A designated area with its own customs or pricing treatment, such as a free zone or a shipping rate zone.

By Taher Batterywala

Glossary · 4 Aug 2026

WTO

The World Trade Organization, which administers the multilateral trade agreements and settles disputes between members.

By Taher Batterywala

Glossary · 4 Aug 2026

Withdrawal from Warehouse

Removing goods from a bonded warehouse, at which point duty normally becomes payable.

By Taher Batterywala

Glossary · 4 Aug 2026

Wharfinger

The operator of a wharf, responsible for goods while they are in its charge.

By Taher Batterywala

Glossary · 4 Aug 2026

Wharfage

A charge for using a wharf, levied on cargo passing over it.

By Taher Batterywala

Glossary · 4 Aug 2026

Wharf

A structure alongside which vessels berth to load and discharge.

By Taher Batterywala

Glossary · 4 Aug 2026

Wet Lease

Leasing an aircraft together with crew, maintenance and insurance.

By Taher Batterywala

Glossary · 4 Aug 2026

Weight Bracket

A weight band in a rate schedule, where the rate per unit falls as the band rises.

By Taher Batterywala

Glossary · 4 Aug 2026

Waybill

A non-negotiable transport document naming the consignee, which does not have to be surrendered.

By Taher Batterywala

Glossary · 4 Aug 2026

Warehouse

A building for storing goods, which may operate under customs control.

By Taher Batterywala

Glossary · 4 Aug 2026

Waiver

A voluntary relinquishment of a right, or permission to depart from a requirement.

By Taher Batterywala

Glossary · 4 Aug 2026

Voyage Charter

Hiring a vessel for a specific voyage, with the owner operating it and freight paid per tonne or as a lump sum.

By Taher Batterywala

Glossary · 4 Aug 2026

Vessel

A ship or craft used to carry goods or passengers by water.

By Taher Batterywala

Glossary · 4 Aug 2026

Valuation

Determining the value of goods for customs purposes, on which ad valorem duty is charged.

By Taher Batterywala

Glossary · 4 Aug 2026

Validity Period

The period during which a licence, credit, quotation or certificate remains effective.

By Taher Batterywala

Glossary · 4 Aug 2026

Unit Load Device

A container or pallet shaped to fit an aircraft hold, loaded as a single unit.

By Taher Batterywala

Glossary · 4 Aug 2026

Truck Load

A shipment filling a vehicle, moved without consolidation.

By Taher Batterywala

Glossary · 4 Aug 2026

Transshipment

Transferring cargo from one vessel or vehicle to another during a journey.

By Taher Batterywala

Glossary · 4 Aug 2026

Trading Company

A business that buys and sells goods internationally on its own account.

By Taher Batterywala

Glossary · 4 Aug 2026

Time Draft

A draft payable at a fixed future date rather than on presentation.

By Taher Batterywala

Glossary · 4 Aug 2026

Through Bill of Lading

A single transport document covering carriage over successive legs, possibly by different carriers.

By Taher Batterywala

Glossary · 4 Aug 2026

Third Party Logistics

Outsourcing warehousing, fulfilment and transport management to a specialist provider.

By Taher Batterywala

Glossary · 4 Aug 2026

TEU

Twenty-foot equivalent unit: the standard measure of container capacity.

By Taher Batterywala

Glossary · 4 Aug 2026

Tariff Classification

The tariff code assigned to goods, and the process of determining it.

By Taher Batterywala

Glossary · 4 Aug 2026

Tariff

A schedule of duties applied to imported goods; also, a carrier’s published schedule of rates.

By Taher Batterywala

Glossary · 4 Aug 2026

Surety Bond

An undertaking by a third party to answer for another’s obligation, often required by customs.

By Taher Batterywala

Glossary · 4 Aug 2026

Stowage

The placing and securing of cargo within a vessel or container.

By Taher Batterywala

Glossary · 4 Aug 2026

Sight Draft

A draft payable immediately on presentation to the drawee.

By Taher Batterywala

Glossary · 4 Aug 2026

Shipping carrier

A company that transports goods, whether by sea, air, road or rail.

By Taher Batterywala

Glossary · 4 Aug 2026

Shipper

The party that tenders goods for carriage and is named as such on the transport document.

By Taher Batterywala

Glossary · 4 Aug 2026

Sanction

A restrictive measure against a country, entity or individual, prohibiting or limiting dealings with them.

By Taher Batterywala

Glossary · 4 Aug 2026

Roll-on/Roll-off

A vessel or service where wheeled cargo is driven on and off rather than lifted.

By Taher Batterywala

Glossary · 4 Aug 2026

Remittance

A transfer of funds in settlement of an obligation.

By Taher Batterywala

Glossary · 4 Aug 2026

Regional Value Content

An origin test requiring a minimum proportion of a good’s value to arise within the trade agreement’s area.

By Taher Batterywala

Glossary · 4 Aug 2026

Quotation

A statement of price and terms on which a supplier is prepared to sell.

By Taher Batterywala

Glossary · 4 Aug 2026

Quota

A limit on the quantity of specified goods that may be imported or exported in a period.

By Taher Batterywala

Glossary · 4 Aug 2026

Quarantine

Detention of goods, animals or plants pending inspection or treatment for health risks.

By Taher Batterywala

Glossary · 4 Aug 2026

Proforma Invoice

A preliminary invoice issued before shipment, used for quotations, permits and payment arrangements.

By Taher Batterywala

Glossary · 4 Aug 2026

Product Classification

Determining the tariff code under which goods fall, which decides duty and applicable controls.

By Taher Batterywala

Glossary · 4 Aug 2026

Prepaid

Charges paid at origin by the shipper rather than at destination by the consignee.

By Taher Batterywala

Glossary · 4 Aug 2026

Port of Exit

The place from which goods leave a country.

By Taher Batterywala

Glossary · 4 Aug 2026

Port of Entry

A port authorised to receive imports, where customs formalities may be completed.

By Taher Batterywala

Glossary · 4 Aug 2026

Port of Call

A port a vessel visits during a voyage.

By Taher Batterywala

Glossary · 4 Aug 2026

Port

A place where vessels load and discharge, together with its facilities and customs administration.

By Taher Batterywala

Glossary · 4 Aug 2026

Point of Origin

Where a transport movement begins — not necessarily where the goods were produced.

By Taher Batterywala

Glossary · 4 Aug 2026

Place of Receipt

Where the carrier takes the goods into its charge under the transport contract.

By Taher Batterywala

Glossary · 4 Aug 2026

Place of Delivery

Where the carrier’s responsibility for the goods ends under the transport contract.

By Taher Batterywala

Glossary · 4 Aug 2026

Phytosanitary Inspection Certificate

An official certificate confirming that plants or plant products meet the importing country’s health requirements.

By Taher Batterywala

Glossary · 4 Aug 2026

Permit

Official authorisation for an act that would otherwise be restricted.

By Taher Batterywala

Glossary · 4 Aug 2026

Perishable Cargo

Goods that deteriorate over time or outside a temperature range, requiring controlled conditions.

By Taher Batterywala

Glossary · 4 Aug 2026

Performance Bond

A guarantee that compensates the buyer if the seller fails to perform the contract.

By Taher Batterywala

Glossary · 4 Aug 2026

Payment Terms

The agreed method and timing of payment for goods.

By Taher Batterywala

Glossary · 4 Aug 2026

Payload

The weight of cargo a vehicle, container or aircraft can carry, excluding its own weight.

By Taher Batterywala

Glossary · 4 Aug 2026

Payee

The party to whom a payment or instrument is to be paid.

By Taher Batterywala

Glossary · 4 Aug 2026

Particular Average

A partial loss affecting one interest, borne by that party alone rather than shared.

By Taher Batterywala

Glossary · 4 Aug 2026

Parcel

A small package sent by courier or post; also, a defined quantity of bulk cargo.

By Taher Batterywala

Glossary · 4 Aug 2026

Panamax

The largest vessel size able to transit the Panama Canal’s original locks.

By Taher Batterywala

Glossary · 4 Aug 2026

Palletization

Assembling goods onto pallets so they can be handled as single units.

By Taher Batterywala

Glossary · 4 Aug 2026

Pallet

A platform on which goods are stacked so they can be moved as one unit by forklift.

By Taher Batterywala

Glossary · 4 Aug 2026

Packing slip

A note accompanying goods listing what the consignment contains.

By Taher Batterywala

Glossary · 4 Aug 2026

Packing List

A document itemising a shipment’s contents package by package, with weights and dimensions.

By Taher Batterywala

Glossary · 4 Aug 2026

Packing

The act of preparing goods for carriage, and the manner in which they are packed.

By Taher Batterywala

Glossary · 4 Aug 2026

Packaging

Material protecting goods in transit, which may itself be regulated and dutiable.

By Taher Batterywala

Glossary · 4 Aug 2026

Package

A single item of packing presented for carriage, and the unit many liability limits are calculated on.

By Taher Batterywala

Glossary · 4 Aug 2026

Overpack

An outer enclosure combining several packages into one handling unit.

By Taher Batterywala

Glossary · 4 Aug 2026

Overage

More cargo delivered than the documents record — the opposite of a shortage.

By Taher Batterywala

Glossary · 4 Aug 2026

Outward Clearance

Customs permission for a vessel to depart, granted once its formalities are complete.

By Taher Batterywala

Glossary · 4 Aug 2026

Outturn

The quantity and condition of cargo as actually discharged, compared with what was shipped.

By Taher Batterywala

Glossary · 4 Aug 2026

Outbound

Moving away from a location or out of a country; the export direction.

By Taher Batterywala

Glossary · 4 Aug 2026

Out of Gauge

Cargo exceeding the dimensions of the container or vehicle carrying it.

By Taher Batterywala

Glossary · 4 Aug 2026

Original Bill of Lading

A signed original of a bill of lading, one of which must usually be surrendered to obtain the goods.

By Taher Batterywala

Glossary · 4 Aug 2026

Origin

Where goods were produced, or where a transport movement begins — two different meanings worth separating.

By Taher Batterywala

Glossary · 4 Aug 2026

Open Top Container

A container with a removable roof, allowing cargo to be loaded from above.

By Taher Batterywala

Glossary · 4 Aug 2026

Open Policy

A standing cargo insurance policy covering all shipments meeting its terms, without individual arrangement.

By Taher Batterywala

Glossary · 4 Aug 2026

Open Account

A payment arrangement where goods are shipped and paid for later, on agreed credit terms.

By Taher Batterywala

Glossary · 4 Aug 2026

On-deck Cargo

Cargo carried on the weather deck rather than in a hold, with different risk and insurance treatment.

By Taher Batterywala

Glossary · 4 Aug 2026

Official Inspection Certificate

An inspection certificate issued by a government body rather than a private inspector.

By Taher Batterywala

Glossary · 4 Aug 2026

Offer

A proposal to contract on stated terms, capable of being accepted to form a binding agreement.

By Taher Batterywala

Glossary · 4 Aug 2026

Off Dock Terminal

A container facility outside the port, used to relieve pressure on quayside space.

By Taher Batterywala

Glossary · 4 Aug 2026

Ocean Waybill

A non-negotiable sea transport document releasing goods to a named consignee.

By Taher Batterywala

Glossary · 4 Aug 2026

Ocean Carrier

A company operating vessels that carry goods by sea for hire.

By Taher Batterywala

Glossary · 4 Aug 2026

Ocean Bill of Lading

A bill of lading issued for carriage by sea, which may be negotiable and act as a document of title.

By Taher Batterywala

Glossary · 4 Aug 2026

NVOCC

A party that acts as carrier and issues its own bills of lading without owning or operating vessels.

By Taher Batterywala

Glossary · 4 Aug 2026

Number of Pieces

The count of separate handling units in a shipment, as recorded on the transport document.

By Taher Batterywala

Glossary · 4 Aug 2026

Notify Party

The party a carrier informs when goods arrive, who need not be the consignee.

By Taher Batterywala

Glossary · 4 Aug 2026

Non-Vessel Operating Common Carrier

A carrier that issues its own transport documents and takes carrier liability without operating ships.

By Taher Batterywala

Glossary · 4 Aug 2026

Nomination

Naming a vessel, carrier, agent or facility that a contract requires the other party to use.

By Taher Batterywala

Glossary · 4 Aug 2026

New for Old

An insurance basis that replaces damaged property without deducting for depreciation.

By Taher Batterywala

Glossary · 4 Aug 2026

Net Weight

The weight of the goods alone, excluding packaging, pallets and container.

By Taher Batterywala

Glossary · 4 Aug 2026

Net Tonnage

A measure of a ship’s usable cargo volume, used for port dues and canal charges.

By Taher Batterywala

Glossary · 4 Aug 2026

Negotiable

Of a document: transferable by endorsement or delivery, carrying rights to the goods with it.

By Taher Batterywala

Glossary · 4 Aug 2026

Multimodal

Carriage by two or more modes under a single contract.

By Taher Batterywala

Glossary · 4 Aug 2026

Motor Vessel

A ship propelled by internal combustion engines, abbreviated MV before a vessel’s name.

By Taher Batterywala

Glossary · 4 Aug 2026

Motor Carrier

A company that transports goods by road for hire.

By Taher Batterywala

Glossary · 4 Aug 2026

Most Favored Nation

The WTO principle that a tariff concession given to one member must be given to all members equally.

By Taher Batterywala

Glossary · 4 Aug 2026

Mooring

Securing a vessel to a berth, buoy or anchorage.

By Taher Batterywala

Glossary · 4 Aug 2026

Mode of Transport

The means by which goods move: sea, air, road, rail or inland waterway.

By Taher Batterywala

Glossary · 4 Aug 2026

Mixed Shipment

A consignment containing goods of different classes, commodities or tariff codes.

By Taher Batterywala

Glossary · 4 Aug 2026

Misclassification

Declaring goods under the wrong tariff code, whether by error or design.

By Taher Batterywala

Glossary · 4 Aug 2026

Minimum Charge

The smallest amount payable for a service, applied when the rated amount falls below it.

By Taher Batterywala

Glossary · 4 Aug 2026

Minimum Bill

The lowest charge a carrier will raise for a shipment regardless of its size.

By Taher Batterywala

Glossary · 4 Aug 2026

Meter Ton

A measure of 1,000 kilograms; also used for a freight unit of one cubic metre or one tonne, whichever is greater.

By Taher Batterywala

Glossary · 4 Aug 2026

Merchant

A party trading goods on its own account; in carrier terms, a broad definition covering everyone with an interest in the cargo.

By Taher Batterywala

Glossary · 4 Aug 2026

Memo Bill of Lading

A non-negotiable copy of a bill of lading issued for information only.

By Taher Batterywala

Glossary · 4 Aug 2026

Measurement Weight

A weight derived from a shipment’s volume, used where cargo is bulky relative to its mass.

By Taher Batterywala

Glossary · 4 Aug 2026

MAWB

Master air waybill: the air carrier’s document covering a consolidated air shipment.

By Taher Batterywala

Glossary · 4 Aug 2026

Mate

A deck officer ranking below the master; the chief mate signs for cargo received.

By Taher Batterywala

Glossary · 4 Aug 2026

Master Bill of Lading

The transport document issued by the actual carrier, covering a consolidated container as a whole.

By Taher Batterywala

Glossary · 4 Aug 2026

Master

The officer in command of a merchant vessel.

By Taher Batterywala

Glossary · 4 Aug 2026

Marking

Identifying information applied to packages, and legally required labelling such as country of origin.

By Taher Batterywala

Glossary · 4 Aug 2026

Maritime

Relating to the sea, and to the body of law and practice governing shipping.

By Taher Batterywala

Glossary · 4 Aug 2026

Manifest

A list of everything carried on a conveyance, compiled from its transport documents.

By Taher Batterywala

Glossary · 4 Aug 2026

Logistics

The planning and management of the movement and storage of goods through a supply chain.

By Taher Batterywala

Glossary · 4 Aug 2026

Liquidation

Customs’ final determination of the duty owed on an entry, closing it.

By Taher Batterywala

Glossary · 4 Aug 2026

Letter of Credit

A bank’s undertaking to pay a seller against documents that comply exactly with the credit’s terms.

By Taher Batterywala

Glossary · 4 Aug 2026

Less-than-truckload

A road shipment too small to justify a whole vehicle, consolidated with other consignments.

By Taher Batterywala

Glossary · 4 Aug 2026

LCL

Less than container load: a shipment too small to fill a container, consolidated with others.

By Taher Batterywala

Glossary · 4 Aug 2026

Landed Cost

The total cost of getting goods to their destination: price, freight, insurance, duty, taxes and handling.

By Taher Batterywala

Glossary · 4 Aug 2026

Joint Venture

A commercial arrangement in which two or more parties share an enterprise, its control and its risk.

By Taher Batterywala

Glossary · 4 Aug 2026

ISPM 15

The international standard requiring wood packaging to be treated and marked against pests.

By Taher Batterywala

Glossary · 4 Aug 2026

Irrevocable Letter of Credit

A letter of credit that cannot be amended or cancelled without the agreement of all parties.

By Taher Batterywala

Glossary · 4 Aug 2026

Inward Foreign Manifest

The declaration of a conveyance’s cargo made to customs on arrival from abroad.

By Taher Batterywala

Glossary · 4 Aug 2026

Invoice

A seller’s demand for payment, itemising goods, quantities, prices and terms.

By Taher Batterywala

Glossary · 4 Aug 2026

International Chamber of Commerce

The business organisation that publishes the Incoterms rules and the UCP for documentary credits.

By Taher Batterywala

Glossary · 4 Aug 2026

Intermodal

Moving goods in one loading unit across two or more modes without handling the goods themselves.

By Taher Batterywala

Glossary · 4 Aug 2026

Intermediate Consignee

A party that receives goods in transit and forwards them to the ultimate consignee.

By Taher Batterywala

Glossary · 4 Aug 2026

Intermediate Bulk Container

A reusable mid-sized container for liquids or granulated goods, sized between a drum and a bulk tank.

By Taher Batterywala

Glossary · 4 Aug 2026

Interchange Point

Where responsibility for goods or equipment passes from one carrier to another.

By Taher Batterywala

Glossary · 4 Aug 2026

Intellectual Property

Rights in trade marks, patents, designs and copyright, which customs can enforce at the border.

By Taher Batterywala

Glossary · 4 Aug 2026

Insurance Certificate

Evidence that a specific shipment is covered under an existing insurance policy.

By Taher Batterywala

Glossary · 4 Aug 2026

Inspection Certificate

A document recording that goods were examined and conform to what was specified.

By Taher Batterywala

Glossary · 4 Aug 2026

Inland Carrier

A carrier moving goods between an inland point and a port or terminal.

By Taher Batterywala

Glossary · 4 Aug 2026

Inland Bill of Lading

A transport document covering the domestic leg of a journey to or from a port.

By Taher Batterywala

Glossary · 4 Aug 2026

Indirect Exporting

Selling abroad through an intermediary in the seller’s own country rather than directly to the foreign buyer.

By Taher Batterywala

Glossary · 4 Aug 2026

Incoterms

ICC rules defining the delivery, cost and risk obligations of buyers and sellers — but not title, payment or governing law.

By Taher Batterywala

Glossary · 4 Aug 2026

In bond

Goods moving or stored under customs control with duty suspended.

By Taher Batterywala

Glossary · 4 Aug 2026

Importer of Record

The party legally responsible for a customs entry, its accuracy and the duty payable on it.

By Taher Batterywala

Glossary · 4 Aug 2026

Import Restrictions

Limits on what may be imported — prohibitions, quotas, licensing or conditions of entry.

By Taher Batterywala

Glossary · 4 Aug 2026

Import License

Government authorisation required before certain goods may be imported.

By Taher Batterywala

Glossary · 4 Aug 2026

Import

To bring goods into a customs territory, and the goods so brought.

By Taher Batterywala

Glossary · 4 Aug 2026

IMDG

The International Maritime Dangerous Goods Code, governing hazardous cargo carried by sea.

By Taher Batterywala

Glossary · 4 Aug 2026

IATA

The International Air Transport Association, whose rules govern much of air cargo documentation and dangerous goods.

By Taher Batterywala

Glossary · 4 Aug 2026

House Bill of Lading

A transport document issued by a forwarder or NVOCC to its customer, rather than by the actual carrier.

By Taher Batterywala

Glossary · 4 Aug 2026

Hazardous Materials

Goods presenting a risk in transport, subject to classification, packing and declaration rules.

By Taher Batterywala

Glossary · 4 Aug 2026

Haulage

The road or rail movement of goods, particularly the inland legs of a container journey.

By Taher Batterywala

Glossary · 4 Aug 2026

Harmonised System

The WCO’s international goods nomenclature, providing the first six digits of every country’s tariff code.

By Taher Batterywala

Glossary · 4 Aug 2026

Harbour

A sheltered body of water where vessels can anchor or berth.

By Taher Batterywala

Glossary · 4 Aug 2026

GST

Goods and Services Tax: a consumption tax charged on imports and generally zero-rated on exports.

By Taher Batterywala

Glossary · 4 Aug 2026

Gross Weight

The total weight of goods including packaging, pallets and any container.

By Taher Batterywala

Glossary · 4 Aug 2026

Gross Vehicle Weight

The total permitted weight of a vehicle including its load, fuel and crew.

By Taher Batterywala

Glossary · 4 Aug 2026

General order

The status of imported goods not cleared within the permitted period, moved to a designated warehouse.

By Taher Batterywala

Glossary · 4 Aug 2026

Gateway

A point where goods enter or leave a country or transport network, or transfer between services.

By Taher Batterywala

Glossary · 4 Aug 2026

Full truckload

A shipment large enough to occupy an entire vehicle, moved without consolidation.

By Taher Batterywala

Glossary · 4 Aug 2026

FTA

Free trade agreement: a treaty reducing or removing tariffs between its parties for originating goods.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight shipment

A consignment of goods moved by a commercial carrier.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight Prepaid

Freight paid by the shipper at origin rather than by the consignee at destination.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight Forwarder

A company that arranges transport and documentation on a shipper’s behalf, often issuing its own transport document.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight Collect

Freight payable by the consignee on arrival.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight Charge

The amount payable for carriage, excluding accessorial and terminal charges.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight broker

An intermediary that arranges transport between shippers and carriers without operating vehicles.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight Bill

A carrier’s invoice for transport charges.

By Taher Batterywala

Glossary · 4 Aug 2026

Freight

The charge for carrying goods; also, the goods being carried.

By Taher Batterywala

Glossary · 4 Aug 2026

Free Trade Zone

A designated area where goods may be landed, handled and re-exported without customs duty.

By Taher Batterywala

Glossary · 4 Aug 2026

Free Time

The period during which cargo or equipment may be held without demurrage or detention accruing.

By Taher Batterywala

Glossary · 4 Aug 2026

Forty-Foot Equivalent Unit

A capacity measure equal to one forty-foot container, or two TEU.

By Taher Batterywala

Glossary · 4 Aug 2026

Foreign Trade Zone

A designated area treated as outside the customs territory, where goods can be held or processed with duty deferred.

By Taher Batterywala

Glossary · 4 Aug 2026

Force majeure

A contract clause excusing performance prevented by events outside a party’s control.

By Taher Batterywala

Glossary · 4 Aug 2026

FOB

Incoterms rule: the seller delivers goods on board the vessel at the named port; risk passes on board.

By Taher Batterywala

Glossary · 4 Aug 2026

Flat Rack Containers

A container with no sides or roof, used for cargo too large or awkward for a closed box.

By Taher Batterywala

Glossary · 4 Aug 2026

FEU

Forty-foot equivalent unit: a container capacity measure equal to two TEU.

By Taher Batterywala

Glossary · 4 Aug 2026

Feeder Vessel

A smaller ship carrying containers between a hub port and smaller ports on the same network.

By Taher Batterywala

Glossary · 4 Aug 2026

FCA

Incoterms rule: the seller delivers goods, cleared for export, to a carrier at a named place.

By Taher Batterywala

Glossary · 4 Aug 2026

FAS

Incoterms rule: the seller delivers alongside the vessel at the named port; risk passes there.

By Taher Batterywala

Glossary · 4 Aug 2026

FAK

Freight All Kinds: a single rate applied to mixed cargo regardless of what it is.

By Taher Batterywala

Glossary · 4 Aug 2026

EXW

Incoterms rule: the seller makes goods available at its own premises; the buyer bears everything from that point, including export clearance.

By Taher Batterywala

Glossary · 4 Aug 2026

Export Trading Company

A firm that buys domestically and sells abroad on its own account, or exports for others.

By Taher Batterywala

Glossary · 4 Aug 2026

Export Subsidies

Government support conditional on exporting, which can expose the goods to countervailing duty abroad.

By Taher Batterywala

Glossary · 4 Aug 2026

Export Quotas

Limits on the quantity of specified goods that may be exported in a period.

By Taher Batterywala

Glossary · 4 Aug 2026

Export Processing Zone

A designated area where imported inputs are processed for export under relaxed duty treatment.

By Taher Batterywala

Glossary · 4 Aug 2026

Export Management Company

A firm that runs the export function on behalf of manufacturers, usually under its own agreements.

By Taher Batterywala

Glossary · 4 Aug 2026

Export license

Government authorisation to export specified goods, often to a named destination and end user.

By Taher Batterywala

Glossary · 4 Aug 2026

Export Controls

Rules restricting the export of specified goods, software or technology, usually by destination and end use.

By Taher Batterywala

Glossary · 4 Aug 2026

Export Broker

An intermediary that brings exporters and foreign buyers together for a commission.

By Taher Batterywala

Glossary · 4 Aug 2026

Export

To send goods out of a customs territory, and the goods so sent.

By Taher Batterywala

Glossary · 4 Aug 2026

Explanatory Notes

The WCO’s official commentary on the Harmonized System, used to interpret headings.

By Taher Batterywala

Glossary · 4 Aug 2026

Exchange Rate

The rate at which one currency converts to another, including the rate customs uses to value imports.

By Taher Batterywala

Glossary · 4 Aug 2026

Exception

A noted irregularity — damage, shortage, overage — recorded against a shipment on delivery or receipt.

By Taher Batterywala

Glossary · 4 Aug 2026

ETD

Estimated time of departure: the expected departure of a vessel, aircraft or vehicle.

By Taher Batterywala

Glossary · 4 Aug 2026

ETA

Estimated time of arrival: the expected arrival of a vessel, aircraft or vehicle.

By Taher Batterywala

Glossary · 4 Aug 2026

Equipment interchange receipt

A record of a container’s condition at the moment responsibility for it passes between parties.

By Taher Batterywala

Glossary · 4 Aug 2026

Entry

The act of declaring goods to customs and placing them under a customs procedure.

By Taher Batterywala

Glossary · 4 Aug 2026

Endorsement

A signature transferring rights under a negotiable document to another party.

By Taher Batterywala

Glossary · 4 Aug 2026

End-User

The party that will ultimately use the goods, as distinct from any intermediary in the transaction.

By Taher Batterywala

Glossary · 4 Aug 2026

End Use

What imported or exported goods will actually be used for, which can determine licensing or duty treatment.

By Taher Batterywala

Glossary · 4 Aug 2026

Embargo

A prohibition on trade with a country, entity or in particular goods.

By Taher Batterywala

Glossary · 4 Aug 2026

Electronic data interchange

The structured exchange of business documents between computer systems in an agreed format.

By Taher Batterywala

Glossary · 4 Aug 2026

Duty Drawback

A refund of import duty where the goods, or products made from them, are exported.

By Taher Batterywala

Glossary · 4 Aug 2026

Duty

A tax charged on goods crossing a customs border, determined by classification, customs value and origin.

By Taher Batterywala

Glossary · 4 Aug 2026

Dutiable value

The portion of a shipment’s value on which duty is assessed.

By Taher Batterywala

Glossary · 4 Aug 2026

Dumping

Exporting goods at less than their normal value in the home market, which may attract antidumping duty.

By Taher Batterywala

Glossary · 4 Aug 2026

Drayage

Short-haul road movement of containers between port, rail terminal and nearby premises.

By Taher Batterywala

Glossary · 4 Aug 2026

Drawer

The party that creates a draft and orders the drawee to pay.

By Taher Batterywala

Glossary · 4 Aug 2026

Drawee

The party a draft is addressed to, and who is required to pay it.

By Taher Batterywala

Glossary · 4 Aug 2026

Drawback

A refund of duty paid on imported goods that are later exported, often after processing.

By Taher Batterywala

Glossary · 4 Aug 2026

DPU

Incoterms rule: the seller delivers and unloads at the named destination; the only rule requiring the seller to unload.

By Taher Batterywala

Glossary · 4 Aug 2026

Documents Against Payment

A collection in which documents are released only when the buyer pays.

By Taher Batterywala

Glossary · 4 Aug 2026

Documents against Acceptance

A collection in which documents are released once the buyer accepts a draft, with payment due later.

By Taher Batterywala

Glossary · 4 Aug 2026

Documentary Credit

A bank’s undertaking to pay against compliant documents — the formal name for a letter of credit.

By Taher Batterywala

Glossary · 4 Aug 2026

Documentary Collection

A payment method in which banks pass shipping documents to the buyer against payment or acceptance, without guaranteeing payment.

By Taher Batterywala

Glossary · 4 Aug 2026

Dock Receipt

A receipt acknowledging that goods were delivered into the carrier’s custody at the terminal.

By Taher Batterywala

Glossary · 4 Aug 2026

Dock

A structure or area where vessels are loaded and unloaded; also a loading bay at a warehouse.

By Taher Batterywala

Glossary · 4 Aug 2026

Diversion

Changing a shipment’s destination or consignee after it has already been despatched.

By Taher Batterywala

Glossary · 4 Aug 2026

Distributor

A party that buys goods for resale in a market, taking title and commercial risk.

By Taher Batterywala

Glossary · 4 Aug 2026

Discrepancy

A mismatch between documents presented under a letter of credit and what the credit requires.

By Taher Batterywala

Glossary · 4 Aug 2026

Dirty Bill of Lading

A bill of lading carrying a notation that the goods or packaging were defective when received.

By Taher Batterywala

Glossary · 4 Aug 2026

Direct Exporting

Selling directly to a buyer in another country, without an intermediary in between.

By Taher Batterywala

Glossary · 4 Aug 2026

Dimensional Weight

A weight derived from a shipment’s volume, used for pricing when goods are bulky relative to their mass.

By Taher Batterywala

Glossary · 4 Aug 2026

Deviation

A departure from the agreed or customary route, which can affect a carrier’s liability and cargo insurance.

By Taher Batterywala

Glossary · 4 Aug 2026

Devanning

Unloading cargo from a container.

By Taher Batterywala

Glossary · 4 Aug 2026

Detention

A charge for holding a carrier’s container outside the terminal beyond the free time allowed.

By Taher Batterywala

Glossary · 4 Aug 2026

Density

The weight of goods relative to the space they occupy, which determines how they are rated.

By Taher Batterywala

Glossary · 4 Aug 2026

Demurrage

A charge for keeping equipment or cargo beyond the free time allowed, typically inside a terminal.

By Taher Batterywala

Glossary · 4 Aug 2026

Delivery receipt

A signed acknowledgement that goods were delivered, and in what apparent condition.

By Taher Batterywala

Glossary · 4 Aug 2026

Delivery Order

A document instructing whoever holds the goods to release them to a named party.

By Taher Batterywala

Glossary · 4 Aug 2026

Delivery Instructions

Instructions telling a carrier or terminal where and how goods are to be delivered.

By Taher Batterywala

Glossary · 4 Aug 2026

Deferred Rebate

A rebate paid to a shipper only after a further period of exclusive custom, historically used to secure loyalty.

By Taher Batterywala

Glossary · 4 Aug 2026

Deconsolidation point

The place where a consolidated shipment is broken down into its individual consignments.

By Taher Batterywala

Glossary · 4 Aug 2026

Declared Value for Carriage

A value stated to the carrier which may raise its liability limit above the standard cap, usually for a fee.

By Taher Batterywala

Glossary · 4 Aug 2026

Dead Freight

Freight payable on booked space that the shipper failed to use.

By Taher Batterywala

Glossary · 4 Aug 2026

DDU

A withdrawn Incoterms rule, replaced by DAP in 2010 — still widely quoted despite no longer existing.

By Taher Batterywala

Glossary · 4 Aug 2026

DDP

Incoterms rule: the seller bears everything to the buyer’s door, including import clearance, duty and taxes.

By Taher Batterywala

Glossary · 4 Aug 2026

Date Draft

A draft payable a fixed number of days after its own date, rather than after sight or acceptance.

By Taher Batterywala

Glossary · 4 Aug 2026

DAP

Incoterms rule: the seller delivers at a named destination, ready for unloading, with import clearance left to the buyer.

By Taher Batterywala

Glossary · 4 Aug 2026

Dangerous goods declaration

The shipper’s signed statement classifying hazardous cargo and confirming it is packed and marked correctly.

By Taher Batterywala

Glossary · 4 Aug 2026

Dangerous goods

Goods that pose a risk in transport and are subject to classification, packing, marking and documentation rules.

By Taher Batterywala

Glossary · 4 Aug 2026

Cut-off time

The deadline for delivering cargo or documents for a specific sailing or flight.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs Value

The value on which ad valorem duty is calculated — normally the transaction price, adjusted by prescribed additions.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs Invoice

An invoice on a form prescribed by the importing country, carrying the details customs requires.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs entry

The declaration lodged with customs to place goods under a customs procedure.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs Duty

A tax levied on goods when they cross a customs border, calculated from classification, value and origin.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs Declaration

The formal statement to customs of what is being imported or exported, its classification, value and origin.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs Clearance

The completion of customs formalities allowing goods to be released for import, export or transit.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs Broker

A licensed agent that prepares and files customs declarations on an importer or exporter’s behalf.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs bonded warehouse

A customs-approved warehouse where imported goods are held with duty suspended.

By Taher Batterywala

Glossary · 4 Aug 2026

Customs

The government authority responsible for controlling goods crossing a border and collecting duties and taxes on them.

By Taher Batterywala

Glossary · 4 Aug 2026

Customhouse

The office where customs business for a port or district is transacted.

By Taher Batterywala

Glossary · 4 Aug 2026

Currency Adjustment Factor

A surcharge covering exchange-rate movement between the carrier’s pricing and cost currencies.

By Taher Batterywala

Glossary · 4 Aug 2026

Cubic Capacity

The internal volume available in a container, hold or vehicle.

By Taher Batterywala

Glossary · 4 Aug 2026

Cube out

To fill a container’s volume before reaching its weight limit.

By Taher Batterywala

Glossary · 4 Aug 2026

CPT

Incoterms rule: the seller pays carriage to a named destination, but risk passes when goods reach the first carrier.

By Taher Batterywala

Glossary · 4 Aug 2026

Country of Origin

The country where goods were produced, or last substantially transformed — not necessarily where they were shipped from.

By Taher Batterywala

Glossary · 4 Aug 2026

Countervailing Duties

Duties imposed to offset a subsidy given to producers in the exporting country, where that subsidy injures a domestic industry.

By Taher Batterywala

Glossary · 4 Aug 2026

Countertrade

Arrangements where payment is made wholly or partly in goods or services rather than money.

By Taher Batterywala

Glossary · 4 Aug 2026

Convertible Currency

A currency that can be freely exchanged for others without official restriction.

By Taher Batterywala

Glossary · 4 Aug 2026

Contraband

Goods whose import or export is prohibited, or which are moved to evade customs control.

By Taher Batterywala

Glossary · 4 Aug 2026

Containerization

The shift to moving general cargo in standardised containers rather than as individually handled pieces.

By Taher Batterywala

Glossary · 4 Aug 2026

Container Yard

The area where containers are received, stored and delivered; also a shorthand for full-container-load terms.

By Taher Batterywala

Glossary · 4 Aug 2026

Container Terminal

The part of a port equipped to load, discharge and store containers.

By Taher Batterywala

Glossary · 4 Aug 2026

Container ship

A vessel built to carry containers in cellular holds and stacked on deck.

By Taher Batterywala

Glossary · 4 Aug 2026

Container Manifest

A list of everything packed inside a particular container.

By Taher Batterywala

Glossary · 4 Aug 2026

Container Load

The quantity of goods filling a container; also used to distinguish full-container from less-than-container shipments.

By Taher Batterywala

Glossary · 4 Aug 2026

Container Freight Station

A facility where less-than-container-load cargo is packed into, or unpacked from, containers.

By Taher Batterywala

Glossary · 4 Aug 2026

Container depot

A facility where empty containers are stored, inspected and repaired between uses.

By Taher Batterywala

Glossary · 4 Aug 2026

Container Chassis

A road trailer built to carry a container.

By Taher Batterywala

Glossary · 4 Aug 2026

Container

A standardised steel box designed to be transferred between ship, rail and road without unpacking the goods inside.

By Taher Batterywala

Glossary · 4 Aug 2026

Consumption entry

A customs entry declaring goods for use within the importing country, with duty and tax payable.

By Taher Batterywala

Glossary · 4 Aug 2026

Consular Invoice

An invoice on a prescribed form certified by the destination country’s consulate before shipment.

By Taher Batterywala

Glossary · 4 Aug 2026

Consul

A government official in a foreign country who may certify or legalise trade documents.

By Taher Batterywala

Glossary · 4 Aug 2026

Consolidator

A party that combines multiple shippers’ cargo into full loads and issues its own transport documents.

By Taher Batterywala

Glossary · 4 Aug 2026

Consolidation

Combining several shippers’ consignments into one container or load to obtain a better rate.

By Taher Batterywala

Glossary · 4 Aug 2026

Consignor

The party sending the goods, named as such on the transport document.

By Taher Batterywala

Glossary · 4 Aug 2026

Consignment

Goods sent together under one transport document; also, goods supplied for sale with payment due only when sold.

By Taher Batterywala

Glossary · 4 Aug 2026

Consignee

The party named to receive the goods at destination.

By Taher Batterywala

Glossary · 4 Aug 2026

Connecting carrier

A carrier that performs part of a journey and hands the goods to another to continue.

By Taher Batterywala

Glossary · 4 Aug 2026

Confirming House

An intermediary that places orders with exporters on an overseas buyer’s behalf and guarantees payment.

By Taher Batterywala

Glossary · 4 Aug 2026

Confirmed

Of a letter of credit: carrying a second bank’s independent undertaking to pay, in addition to the issuing bank’s.

By Taher Batterywala

Glossary · 4 Aug 2026

Conference

An association of ocean carriers on a trade lane that historically set common rates and conditions.

By Taher Batterywala

Glossary · 4 Aug 2026

Concealed Damage

Damage to goods inside packaging that appeared sound on delivery, discovered only when the packaging is opened.

By Taher Batterywala

Glossary · 4 Aug 2026

Common Carrier

A carrier that offers transport to the public generally, and cannot arbitrarily refuse a lawful shipment.

By Taher Batterywala

Glossary · 4 Aug 2026

Commodity Code

The tariff classification number assigned to goods, on which duty and controls depend.

By Taher Batterywala

Glossary · 4 Aug 2026

Commodity

A good traded in commerce; in customs usage, the article being classified and declared.

By Taher Batterywala

Glossary · 4 Aug 2026

Commercial Invoice

The seller’s bill for the goods, and the primary document customs uses to establish value.

By Taher Batterywala

Glossary · 4 Aug 2026

Combined Transport

Carriage using more than one mode under a single contract and a single document.

By Taher Batterywala

Glossary · 4 Aug 2026

Collect Freight

Freight payable by the consignee at destination rather than by the shipper at origin.

By Taher Batterywala

Glossary · 4 Aug 2026

Clean Bill of Lading

A bill of lading with no notation recording defective goods or packaging.

By Taher Batterywala

Glossary · 4 Aug 2026

Claim

A demand for compensation for loss of or damage to goods, made against a carrier or an insurer.

By Taher Batterywala

Glossary · 4 Aug 2026

CIP

Incoterms rule: the seller pays carriage and insurance to a named destination, with risk passing at first-carrier handover.

By Taher Batterywala

Glossary · 4 Aug 2026

CIF

Incoterms rule: the seller pays carriage and minimum insurance to the destination port, but risk still passes on board at origin.

By Taher Batterywala

Glossary · 4 Aug 2026

Chassis

A wheeled frame used to carry a container by road.

By Taher Batterywala

Glossary · 4 Aug 2026

Charterer

The party that hires a vessel, or space on it, from the owner under a charter party.

By Taher Batterywala

Glossary · 4 Aug 2026

Charter Party

The contract under which a charterer hires a vessel or part of its capacity from its owner.

By Taher Batterywala

Glossary · 4 Aug 2026

Chargeable Weight

The weight a shipment is billed on: the greater of its actual weight and its volumetric weight.

By Taher Batterywala

Glossary · 4 Aug 2026

Chapter Notes

Legally binding notes at the head of each HS chapter that govern what the chapter does and does not cover.

By Taher Batterywala

Glossary · 4 Aug 2026

Chamber of Commerce

A business body that, among other functions, certifies certificates of origin and commercial documents.

By Taher Batterywala

Glossary · 4 Aug 2026

CFS

Container Freight Station: a facility where less-than-container loads are consolidated into, or stripped out of, containers.

By Taher Batterywala

Glossary · 4 Aug 2026

CFR

Incoterms rule: the seller pays carriage to the named destination port, but risk passes when goods are on board at origin.

By Taher Batterywala

Glossary · 4 Aug 2026

Certificate Of Origin

A document stating the country in which goods were produced, used for preference claims and origin-based restrictions.

By Taher Batterywala

Glossary · 4 Aug 2026

Certificate of Insurance

Evidence that a shipment is covered by cargo insurance, issued under an existing open policy.

By Taher Batterywala

Glossary · 4 Aug 2026

Certificate of inspection

A document confirming that goods were examined before shipment and matched what was specified.

By Taher Batterywala

Glossary · 4 Aug 2026

Certificate of Free Sale

A document confirming that goods are legally sold in the exporting country, often required for food, cosmetics or medical products.

By Taher Batterywala

Glossary · 4 Aug 2026

Certificate of Conformity

A document attesting that goods meet a specified standard or regulation.

By Taher Batterywala

Glossary · 4 Aug 2026

CE Mark

A manufacturer’s declaration that a product meets the EU requirements that apply to it.

By Taher Batterywala

Glossary · 4 Aug 2026

Cash on delivery

Payment collected at the point of delivery, usually by the carrier on the seller’s behalf.

By Taher Batterywala

Glossary · 4 Aug 2026

Cash In Advance

Payment in full before shipment — the most secure term for a seller, the least for a buyer.

By Taher Batterywala

Glossary · 4 Aug 2026

Cash Against Documents

A payment arrangement where shipping documents are released to the buyer only against payment.

By Taher Batterywala

Glossary · 4 Aug 2026

Cartage

Short-distance road haulage, typically between a terminal and a nearby premises.

By Taher Batterywala

Glossary · 4 Aug 2026

Carrier’s Lien

A carrier’s right to retain goods until freight and related charges are paid.

By Taher Batterywala

Glossary · 4 Aug 2026

Carrier

The party that undertakes to transport goods under a contract of carriage.

By Taher Batterywala

Glossary · 4 Aug 2026

Carnet

An international customs document allowing goods to be temporarily imported without paying duty, provided they are re-exported.

By Taher Batterywala

Glossary · 4 Aug 2026

Cargo manifest

A list of all cargo carried on a conveyance, compiled from the transport documents issued for it.

By Taher Batterywala

Glossary · 4 Aug 2026

Cargo Declaration

The statement of a conveyance’s cargo made to customs on arrival or departure.

By Taher Batterywala

Glossary · 4 Aug 2026

Cargo

Goods carried by a vessel, aircraft or vehicle for commercial purposes.

By Taher Batterywala

Glossary · 4 Aug 2026

CAF

Currency Adjustment Factor: a surcharge covering exchange-rate movement between the carrier’s pricing and settlement currencies.

By Taher Batterywala

Glossary · 4 Aug 2026

Cabotage

The carriage of goods between two points within one country, often reserved by law to that country’s own carriers.

By Taher Batterywala

Glossary · 4 Aug 2026

Bundling

Securing several pieces into one handling unit so they move and are counted as a single item.

By Taher Batterywala

Glossary · 4 Aug 2026

Bulk cargo

Unpackaged homogeneous cargo — grain, ore, oil — loaded loose into a hold or tank.

By Taher Batterywala

Glossary · 4 Aug 2026

Broker

An intermediary who arranges a transaction between two parties without taking ownership of the goods.

By Taher Batterywala

Glossary · 4 Aug 2026

Broken stowage

Space in a hold or container that cannot be used because of the shape of the cargo.

By Taher Batterywala

Glossary · 4 Aug 2026

Breakbulk Vessel

A ship designed to carry individually handled cargo, usually fitted with its own cranes.

By Taher Batterywala

Glossary · 4 Aug 2026

Break Bulk Cargo

Goods shipped as individually handled pieces — crates, drums, bales — rather than in containers or as bulk.

By Taher Batterywala

Glossary · 4 Aug 2026

Booking

A reservation of space on a specific vessel, flight or vehicle for an identified shipment.

By Taher Batterywala

Glossary · 4 Aug 2026

Bonded Warehouse

A customs-approved warehouse where imported goods are stored with duty and tax suspended until removal.

By Taher Batterywala

Glossary · 4 Aug 2026

Bonded Goods

Goods held under customs control with duty and tax suspended until they are cleared or re-exported.

By Taher Batterywala

Glossary · 4 Aug 2026

Bond port

A port where goods may be landed and held under customs control without duty being paid.

By Taher Batterywala

Glossary · 4 Aug 2026

Blanket rate

A single rate applied across a range of origins, destinations or commodities rather than priced individually.

By Taher Batterywala

Glossary · 4 Aug 2026

Bill of Sale

A document transferring ownership of goods from seller to buyer.

By Taher Batterywala

Glossary · 4 Aug 2026

Bill of Lading

The core sea transport document: receipt for the goods, evidence of the carriage contract, and — when negotiable — a document of title.

By Taher Batterywala

Glossary · 4 Aug 2026

Bill of Exchange

A written order requiring one party to pay a specified sum to another, on demand or at a stated future date.

By Taher Batterywala

Glossary · 4 Aug 2026

Bilateral

Between two parties or two countries, as in a bilateral trade agreement.

By Taher Batterywala

Glossary · 4 Aug 2026

Beneficiary

The party entitled to receive payment under a letter of credit or guarantee — normally the seller.

By Taher Batterywala

Glossary · 4 Aug 2026

Barter

The direct exchange of goods for goods without money changing hands.

By Taher Batterywala

Glossary · 4 Aug 2026

Bank Guarantee

A bank’s undertaking to pay a beneficiary if its customer fails to perform an obligation.

By Taher Batterywala

Glossary · 4 Aug 2026

Bank Draft

A payment instrument drawn by a bank on itself or on another bank, used where a buyer’s own cheque would not be accepted.

By Taher Batterywala

Glossary · 4 Aug 2026

Balance of Trade

The difference between the value of a country’s exports and its imports of goods over a period.

By Taher Batterywala

Glossary · 4 Aug 2026

BAF

Bunker Adjustment Factor: a surcharge that passes changes in marine fuel prices through to the freight rate.

By Taher Batterywala

Glossary · 4 Aug 2026

Backhaul

The return leg of a transport movement, often priced low because the vehicle would otherwise travel empty.

By Taher Batterywala

Glossary · 4 Aug 2026

Back Freight

The cost of returning or onward-carrying goods the consignee will not or cannot accept at destination.

By Taher Batterywala

Glossary · 4 Aug 2026

Arrival notice

A notice from the carrier or agent telling the consignee that goods have arrived and what must happen before release.

By Taher Batterywala

Glossary · 4 Aug 2026

Apparent Good Order

A carrier’s statement that goods looked undamaged externally when received — it says nothing about the contents.

By Taher Batterywala

Glossary · 4 Aug 2026

Antidumping Duty

An extra duty imposed on imports found to be sold below normal value, where that pricing injures a domestic industry.

By Taher Batterywala

Glossary · 4 Aug 2026

Alongside

Beside the vessel, within reach of its lifting gear — the delivery point that defines the Incoterms rule FAS.

By Taher Batterywala

Glossary · 4 Aug 2026

Aircraft Container

A container built to the contours of an aircraft hold, also called a unit load device.

By Taher Batterywala

Glossary · 4 Aug 2026

Air Waybill

The transport document for air cargo: a contract of carriage and receipt, but not a document of title.

By Taher Batterywala

Glossary · 4 Aug 2026

Air freight

The transport of goods by aircraft, and the charge made for it.

By Taher Batterywala

Glossary · 4 Aug 2026

Air Carrier

An airline that carries goods for hire, under its own air waybill and operating licence.

By Taher Batterywala

Glossary · 4 Aug 2026

Air cargo

Goods carried by aircraft, typically where speed, value or perishability outweighs the higher cost per kilogram.

By Taher Batterywala

Glossary · 4 Aug 2026

Aggregate shipment

Several separate consignments combined and moved as one, usually to obtain a better rate than each would earn alone.

By Taher Batterywala

Glossary · 4 Aug 2026

Agent

A party authorised to act on another’s behalf — booking cargo, clearing customs or handling a vessel — without owning the goods.

By Taher Batterywala

Glossary · 4 Aug 2026

Agency Fee

The fee a shipping agent charges an owner or operator for handling a vessel’s business at a port.

By Taher Batterywala

Glossary · 4 Aug 2026

Advanced shipment notice

A message sent ahead of a delivery telling the receiver what is coming, in what packaging, and when.

By Taher Batterywala

Glossary · 4 Aug 2026

Advance Payment

Payment made by the buyer before the goods are shipped, placing the commercial risk almost entirely on the buyer.

By Taher Batterywala

Glossary · 4 Aug 2026

Ad Valorem

A duty calculated as a percentage of the goods’ customs value, rather than by weight, volume or unit.

By Taher Batterywala

Glossary · 4 Aug 2026

Accessorial charges

Charges for services beyond simple carriage — waiting time, inside delivery, redelivery — that sit outside the quoted freight rate.

By Taher Batterywala

Glossary · 4 Aug 2026

Acceptance

A drawee signing a time draft to confirm it will pay on the due date, turning the draft into a binding promise.

By Taher Batterywala

Guide · 31 Jul 2026

Exporting goods from India

Registration, policy checks, customs and the payment steps an exporter clears before goods leave.

Guide · 31 Jul 2026

Importing goods into India

Policy status, product approvals, the duty layers that build landed cost, and clearance.

Guide · 31 Jul 2026

Import and export documents

A document map for both directions, and which records a specific shipment actually needs.