Port of Loading
Port where cargo is loaded onto the vessel.
LOGISTICS KNOWLEDGE / 01
Clear, practical definitions for freight and shipping.
12 essential terms
Port where cargo is loaded onto the vessel.
Port where cargo is unloaded from the vessel.
Expected date and time of arrival.
Expected date and time of departure.
Recorded date and time of arrival.
Recorded date and time of departure.
Time required to move cargo between origin and destination.
Cargo remains on the same vessel without transshipment.
Cargo is transferred to another vessel at an intermediate port.
Transport from collection point to departure terminal.
Transport from arrival terminal to final delivery point.
The two ports that define a shipping route.
8 essential terms
A container booked for one shipment.
Smaller shipments consolidated in one container.
A truck or trailer dedicated to one shipment.
Smaller freight sharing available truck capacity.
Capacity equal to one standard 20-foot container.
Aircraft container or pallet used to group cargo.
Terminal area where full containers are received and stored.
Facility where LCL cargo is consolidated or deconsolidated.
6 essential terms
Adjustment reflecting exchange-rate movements.
Additional charge reflecting fuel costs.
Charge covering cargo security measures.
Charge when a container remains at the terminal beyond free time.
Charge for keeping carrier equipment outside the terminal beyond free time.
Charge for storing cargo or containers at a facility.
7 essential terms
Air transport document identifying the shipment and carriage details.
Sea transport document acknowledging receipt and carriage details.
Standard consignment note for international road carriage.
Document stating goods, value, seller and buyer.
Itemised list of packages, quantities, weights and dimensions.
Document certifying the country where goods were produced.
International product classification code used by customs.
7 essential terms
Party identified as sender in the transport document.
Party named to receive the cargo.
Party to be notified when cargo arrives.
Business shipping its own goods rather than acting as intermediary.
Ocean carrier issuing bills of lading without operating vessels.
Provider arranging transport and related logistics for customers.
Agent handling customs formalities for importer or exporter.
International trade terms
Incoterms® are eleven internationally recognised rules published by the International Chamber of Commerce. They clarify the tasks, costs and risks shared by buyers and sellers when goods are delivered.
Seven rules suitable for road, air, rail, sea or multimodal shipments.
Four rules intended specifically for port-to-port movement.
Delivered at Terminal was renamed Delivered at Place Unloaded.
CIP normally requires broader insurance cover.
Parties may agree on an on-board bill of lading.
Security obligations and own transport are addressed more clearly.
Choosing the correct Incoterm depends on the route, transport mode and commercial agreement. Ask our team before confirming your shipment terms.
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