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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.
For example, an ABC approach might measure the cost incurred by the accounts receivable department in handling calls for billing errors, whereas the traditional accounting approach ignores the activity and measures the cost of the accounts receivable department as a percentage of revenue.
Oct 2, 2023 · Export Control Classification Numbers are alphanumeric codes used to identify dual-use items, meaning items that have both a commercial use as well as a potential military application. Knowing the right ECCN for your product plays a role in determining if you need an export license.
A comprehensive classification of abbreviation for shipping and receiving. Click to download shipping terms abbreviations pdf
Container number includes a unique serial number (with check digit), the owner, a country code, a size, type and equipment category as well as any operational marks. The standard is managed by the Bureau of International Containers (BIC).
Mar 1, 2024 · Conference. A group of vessel operators joined for the purpose of establishing freight rates. Conference Carrier. An ocean carrier who is a member of an association known as a “conference.”
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Below are some of the more commonly used phrases and terms. A. Airwaybill. Document raised for each airfreight shipment, outlining all the shipments details. An “Airwaybill Number” is issued which enables your shipment to be identified with the carrier, allowing track-ability during transit. ATR1.
