International Shipping Words You Should Know
One of the more difficult aspects of shipping goods, or even shipping personal items over seas is learning the complicated lingo. There are a ton of terms relating to international shipping, especially cargo and freight shipping. This is a glossary of some of the more important terms related to shipping, international shipping, and freight shipping. It will help you navigate the difficult vocabulary.
A discount allowed for damage or overcharge in the payment of a bill
Charges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency, destination/delivery
A term from Latin meaning, “according to value.” Import duty applied as a percentage of the cargo’s dutiable value
Advanced Charge Transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee
Advanced Notice of Arrival (ANOA)