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1. www.maersk.com › support › glossariesGlossary of shipping terms | Website guide & support | Maersk

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   In international shipping, for example, “FOB [name of originating port]” means that the seller (consignor) is responsible for transportation of the goods to the port of shipment and the cost of loading. The buyer (consignee) pays the costs of ocean freight, insurance, unloading, and transportation from the arrival port to the final destination.

2. www.shipuniverse.com › top-100-maritime-shippingTop 100 Maritime Shipping Terms and Phrases Every ...

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   Oct 25, 2024 · 1. Demurrage ⏳💸. Definition: A fee charged to the charterer of a ship for failing to load or unload cargo within the agreed time frame. Example: “If the cargo isn’t fully offloaded by Friday, we’ll incur demurrage charges of $5,000 per day.”. Explanation: Demurrage is essentially a penalty for delays in port.

3. www.shippingsolutions.com › blog › a-glossary-ofA Glossary of International Shipping Terms - Shipping Solutions

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   Oct 2, 2023 · Each item on the CCL is identified with an Export Control Classification Number (ECCN). Knowing the right ECCN for your product plays a role in determining if you need an export license. CE Mark. A label indicating cargo conforms to standards established by the European Union. Certificate of Conformity (CoC)

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4. www.cargoflip.com › shipping-termsShipping Terms Glossary - Cargoflip

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   Explore a comprehensive Shipping Terms glossary at CargoFlip. Gain a deeper understanding of Shipping Terms. Stay informed and navigate the world of shipping with confidence.

5. www.iscaforwarding.co.uk › guide-to-shipping-termsGuide to Shipping Terms - Isca Forwarding

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   Shipping Terms are used across the industry but can be confusing if you are new to shipping. When importing and exporting goods you will see and hear the following terms used. If you are unsure about anything you hear or read, please let us know and we can explain.

6. blog.greencarrier.com › 10-shipping-terms-every10 shipping terms every international shipper should know

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   Nov 9, 2019 · Keeping track of shipping terminology is crucial as these terms play a fundamental role for everyone involved in the shipping process. By understanding important terms, you can avoid misunderstandings and minimise errors in the supply chain.

7. People also ask

   What are shipping terms & trade terms?

   • Shipping Terms,trade terms or Incoterms to be exact, is always the first topic for every importers when comes to import and shipping. In fact, we face and talk it everyday and for every shipment. Different shipping terms means different responsbilities to take and costs to pay. Question is what’s the meaning of these three-letter abbreviation ?

   Shipping Abbreviation : Glossary with Explanation ( 2022 ... - FreightPaul

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   What does different shipping terms mean?

   • Different shipping terms means different responsbilities to take and costs to pay. Question is what’s the meaning of these three-letter abbreviation ? The Seller delivers the goods to the buyer on board the vessel nominated by the buyer, cleared for export, at the named wharf/seaport of shipment.

   Shipping Abbreviation : Glossary with Explanation ( 2022 ... - FreightPaul

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   What is shipping terminology & why is it important?

   • There are a number of procedures and regulations in place to ensure the goods are safely delivered to their final destination. Keeping track of shipping terminology is crucial as these terms play a fundamental role for everyone involved in the shipping process.

   10 shipping terms every international shipper should know

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   What are CIF delivery terms?

   • The CIF delivery terms is similar to the CFR, except for the marine insurance requirement. In short, in the seller's country, inland transportation, customs and port costs, and international transportation organization, including insurance, are the responsibility of the exporter company.

   Shipping Terms Glossary | Cargoflip

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   Why do forwarders use shipping abbreviation?

   • Dispite a simple paper, it contains many abbreviations. POL-Port of loading. POD-Port of Discharge. ETD-Estimated time of Arrival. B/L-Bill of Lading. Instead the shipping terminology, why forwarders prefer to use shipping abbreviation ? The main reason is to improve work efficiency.

   Shipping Abbreviation : Glossary with Explanation ( 2022 ... - FreightPaul

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   What does Cu stand for in shipping?

   • Cu. It is used as an abbreviation for the Cubic unit of measure. Ships and shipping containers, such as containers, have volume and weight limits. Sometimes, even if the upper limit in terms of weight is not reached, there is no room for additional loading due to the volume of the loaded product.

   Shipping Terms Glossary | Cargoflip

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8. freightpaul.com › shipping-abbreviation-glossaryShipping Abbreviation : Glossary with Explanation ( 2022 )

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   A comprehensive classification of abbreviation for shipping and receiving. Click to download shipping terms abbreviations pdf