Resources

Resources

TERMS OF TRADE…

CFR – Cost & Freight – denotes that you have purchased the goods on the basis that the shipper will pay for all charges from their door to the nominated destination port.
CIF – Cost, Insurance, and Freight – Same as CFR but the shipper will also arrange and pay for marine insurance.
DDP – same as DDU except all Duties and taxes are paid for by the shipper – you

Important Acronyms

  • BOL – Bill of lading – Negotiable legal document
  • CBM – Cubic Meters or M3
  • ETD – Estimated Time of Departure
  • ETA – Estimated Time of Arrival
  • FCL – Full container load
  • FTL – Full truckload
  • GST – Goods and Services Tax
  • HAWB – House Air Waybill – Nonnegotiable

  • L/C – Letter of Credit
  • LCL – Less than a container load
  • LTL – Less than a truckload
  • MAF – Ministry of Agriculture and Fisheries
  • MAWB – Master Air Waybill – Nonnegotiable
  • POD – Port of Departure
  • POL – Port of Loading
  • SLI – Shipper letter of instruction