Airway Bill (AWB)
An Airway Bill is a document that accompanies goods shipped by air and provides detailed information about the shipment including destination, shipper, and type of delivery service. An AWB constitutes the contract of carriage between the shipper and the carrier.
Bill Of Lading (B/L or BoL)
A Bill Of Lading is a document in the shipping industry, issued by the carrier or its agent to acknowledge receipt of cargo for shipment.
A Bonded Warehouse is a customs authorised warehouse for imported goods until the duty owed is paid.
The Consignee is the recipient of a shipment.
Demurrage is charged by shipping companies for the use of their containers outside the free period, whilst still in the terminal.
Detention is charged by shipping companies for the use of their containers outside the free period, after they have left the terminal. The typical free period is 2 hours for a Full Container Load.
Export License is a government document granting the licensee the right to export a specific quantity of a commodity to certain destinations.
Free On Board (FOB)
Free On Board means the seller fulfills his or her obligation to deliver when the goods have passed over the ship’s rail at the named port of shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export.
Fulfillment is the process of receiving, packaging and shipping orders for goods.