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CONSIGNEE

It is the buyer.
Consignee: buyer or final receiver of the cargo.
The consignee in Lima picked up the cargo from the temporary warehouse after customs clearance.

OCEAN FREIGHT

Payment for transportation by sea.
Ocean freight: payment for international sea transportation.
The ocean freight was quoted at USD 2,100 ALL IN for a 40HQ container from Ningbo to Callao.

COLLECT

Receive payment (payment at destination).
Collect freight: freight charges paid at destination.
The importer pays the freight charges upon the cargo’s arrival in Callao.

PREPAID

To pay beforehand (at origin).
Prepaid freight: freight paid at origin.
The exporter covers the freight charges before shipment in Shanghai.

RATE

Amount charged or paid.
Rate applied to a logistics service.
The shipping line increased the rate due to peak season.

FREIGHT AND CHARGES

Charge paid for transportation.
Freight and associated logistics charges.
The client receives an invoice for freight, DTHC, and port charges.

NOT NEGOTIABLE

Cannot be transferred.
Non-negotiable.
A non-negotiable BL cannot be endorsed.

TELEX RELEASE

Electronic BL release.
Authorization to release cargo electronically without presenting original BLs.
The origin agent authorized the issuance of the HBL at destination via TELEX RELEASE.

EXPRESS RELEASE

Release without original BL.
Cargo release without presenting original BLs.
Express release was used to speed up cargo delivery.

PORT OF LOADING (POL)

Loading port.
Port of shipment.
The POL was Ningbo Port.

PORT OF DISCHARGE (POD)

Unloading port.
Port of discharge.
The POD was Callao.

STAMP AND AUTHORIZED SIGNATURE

Signature approving document.
Official stamp and authorized signature.
The BL was validated with the agent’s stamp and signature.

BILL OF LADING (BL)

Legal shipment document.
Sea waybill / Bill of Lading (MBL, HBL, NBL…).
The shipping line requested the original MBL to release the container.

SURRENDER

Giving up rights.
Surrender of original BLs for cargo release at destination.
The exporter surrendered the original BLs to the shipping line to authorize the SURRENDER.

CY-CY

Container Yard to Container Yard.
Container delivered from one container yard to another.
The container under FCL–FCL conditions was delivered to the depot terminal at origin.

SEAL

Container locked.
Security seal.
The seal was verified at the port of origin.

OCEAN VESSEL

Ship.
Ocean vessel.
The vessel departed bound for South America.

VOYAGE N°

Ship trip number.
Voyage number.
Voyage V.032 E was assigned to the vessel Maersk Milano.

MEASUREMENTS

Measurements of logistics unit.
Dimensions of the logistics unit (Length x Width x Height).
The dimensions of the palletized cargo are: 120 x 100 x 168 cm.

CBM

Cubic meter.
Cubic meter (m³).
The cargo volume reached 12.50 CBM.

COMMERCIAL INVOICE

Customs document.
Commercial invoice.
The commercial invoice was submitted to SUNAT.

PROFORMA INVOICE

Preliminary invoice.
Proforma invoice.
The client approved the proforma invoice before shipment.

HANDLING

Cargo management.
Handling refers to cargo management and operational coordination, not physical manipulation only.
A handling charge was applied to increase the operation’s profit margin.

SHIPMENT

Cargo under one BL.
Shipment.
The shipment was issued under a single BL.

SKID

Wooden base.
Skid base.
The machinery was secured on a skid.

BOOKING REQUEST

Space reservation.
Booking request (for sea or air freight).
The booking was confirmed by the International Freight Forwarder.

PLANNING SCHEDULE

Timetable.
Shipment schedule.
The Cut Off is 15/FEB, and the ETD is 19/FEB on vessel EVER FORTUNE V.540E.

HS CODE

Harmonized Code.
Harmonized System Code (first 6 digits of the tariff classification).
The HS Code helped identify the National Tariff Subheading.