Transloading
What is Transloading? Transloading is a critical process in the field of logistics and supply chain management, involving the transfer of goods from one mode of transportation to another. This practice is essential when a single mode of transport cannot complete the journey from origin to destination. For instance, goods might be shipped in a […]
FOB (Free on Board)
What Is FOB? FOB, short for Free on Board, is a crucial term used in international shipping to denote when the liability and ownership of goods transfer from seller to buyer. In FOB transactions, the seller is responsible for transportation of the goods to the port of shipment, and for loading costs. Once the goods […]
Cubic Meter (CBM)
What is a CBM? A Cubic Meter (CBM) is a unit of measurement used in the freight transportation industry to quantify the volume of cargo. One cubic meter represents the volume of a cube with sides each one meter in length. In the context of shipping, understanding and calculating the CBM is essential as it […]
Value Added Tax (VAT) Number
What is a VAT Number? A VAT Number, or Value Added Tax Number, is a unique identifier assigned to businesses and entities within countries where VAT is implemented. It’s used primarily for tax purposes, enabling governments to track and manage the collection of VAT on goods and services. A VAT number is crucial for businesses […]
Fuel Surcharge (FSC)
What is a Fuel Surcharge? A fuel surcharge, often abbreviated as FSC, is an additional fee that transportation service providers charge to cover the fluctuating costs of fuel. This surcharge is usually linked to the price of fuel and varies in proportion to changes in fuel prices. The primary purpose of the fuel surcharge is […]
Drop and Pick
What is a drop and pick? Drop and pick, a common term in the freight and logistics industry, refers to a specific type of trucking service. This service involves a driver dropping off a full trailer at a designated location and then picking up another trailer. This process is especially prevalent in container transport and […]
Devanning
What is devanning? Devanning, a critical process in the world of freight and logistics, refers to the unloading of cargo from a container. This term is especially prevalent in the shipping and transportation industry. The process involves removing the goods from a full container, often at a Container Freight Station (CFS), and preparing them for […]
Chassis Fee
What is a chassis fee? A chassis fee is a charge levied by transportation providers for the use of a chassis, which is a wheeled frame specifically designed to carry containers over the road. This fee is often encountered in container shipping and intermodal transport, where a container needs to be transported from a ship […]
Export Control Classification Number (ECCN)
What is an Export Control Classification Number (ECCN)? The Export Control Classification Number (ECCN) is a key element in the realm of international trade and freight management. An ECCN is a five-character alphanumeric code used to identify items for export control purposes. It is primarily associated with the United States export control system but has […]
Non-Vessel Operating Common Carrier (NVOCC)
What is a Non-Vessel Operating Common Carrier (NVOCC)? A Non-Vessel Operating Common Carrier, commonly abbreviated as NVOCC, plays a pivotal role in the world of freight and shipping. Unlike traditional carriers that own their transport vessels, an NVOCC does not own ships or cargo handling facilities. Instead, they specialize in organizing and facilitating the transportation […]