LOGISTICS GLOSSARY

EXPORTER/CONSIGNOR/SHIPPER:

1. The Person who exports the cargo

IMPORTER/CONSIGNEE/BUYER:

2. The Person who imports the Cargo

NOTIFY:

3. The person will act as consignee on behalf of consignee

CARRIER: OR SHIPPING LINE:

4. An individual, partnership or corporation engaged in the business of transporting goods

(or)
 The person or a company who owns the container as well as vessel.
 Service provider used to physically move your cargo, usually from Port of Load to Port of
Discharge but may also get involved in movement from door to door.

FREIGHT FORWARDER:

5. One who assembles small shipments into one large shipment which then is tendered
to a regulated over the road carrier, Upon reaching destination, the shipment is
separated into small shipments and delivered
 They act as agents
 They don’t own containers
 A person engaged in the business of assembling, collection, consolidating, shipping and
distributing less-than-carload or less-than-truckload freight. Also, a person acting as
agent in the trans-shipping of freight to or from foreign countries and clearing of freight
through countries, including full preparation of documents, arranging for shipping,
warehousing, delivery and exportclearance.
 Service provider who acts as an intermediary between buyers, sellers and shipping lines
who arranges the movement of cargo from Point A to Point B on behalf of whoever
employs them.

FREIGHT CHARGE:

6. Payment due for freight transportation

BILL OF LADDING:

A Bill of Lading, is an important transport document that has 3 basic purposes or

roles. I will refer to this bill of lading as a normal BL throughout this article.
1. Evidence of Contract of Carriage
2. Receipt of Goods and
3. Document of Title to the goods
4. A legal document signed by the shipper and carrier tendering the responsibility of the freight to
the carrier. The BOL states pertinent information for the shipment such as the complete address
of the shipper and consignee, number of pieces, description, weight and any hazardous material
information.
It is issued by the CARRIER

HBL: (HOUSE BILL OF LADING)

7. It is issued by NVOCC or a Freight Forwarder to their customers

8. The Shipper will usually be the actual shipper/exporter of the cargo (or as
dictated by the L/C)
9. the Consignee will usually be the actual receiver/importer of the cargo (or as
dictated by the L/C
10. the Notify could be the same as Consignee (or any other party as dictated by
the L/C
11. A House Bill of Lading (HBL) is a document created by an Ocean Transport Intermediary
(OTI) such as a freight forwarder or non-vessel operating company (NVOCC). The document
is an acknowledgment of the receipt of goods that are to be shipped. It is issued to the
supplier once the cargo has been received and may be used in lieu Letter of Credit in lieu of
a Master Bill of Lading (MBL). HBL includes the name and address of the supplier, who
delivers the shipment to the freight forwarder, and the consignee, who the freight forwarder
delivers the shipment to. The document also includes specific information about the items
shipped and the value of the shipping contract.
MBL (MASTER BILL OF LADING)

1. It is issued by shipping line or streamer agent

2. A Master Bill of Lading (MBL) is a document created for shipping companies by their
carriers as a receipt of transfer. The document also includes the terms for transporting
the freight and the name and address of the consignor, or the shipper, and the
consignee, the person whom possess the goods
3. A Master Bill of Lading (MBL) is a document created for shipping companies by their carriers as
a receipt of transfer. A MBL summarizes the contents of a shipment including the bill of lading
numbers assigned to the various items within the shipment, as well as a description of the freight
under each bill of lading. The document also includes the terms for transporting the freight and
the name and address of the consignor, or the shipper, and the consignee, the person whom
possess the goods.

Container Number:

A reference number assigned to a freight container. It is used for documentation purposes, including invoice,
consular statement, bill of lading and others. The number includes four letters and seven digits, with the
last digit referred to as the check digit.

Claim:

A written request to a carrier from a shipper to be compensated for loss, damage, delay or
overcharge of a package transported by that carrier .

CFS:

The term CFS at loading port means the location designated by carriers for the receiving of
cargo to be packed into containers by the carrier. At discharge ports, the term CFS means the
bonded location designated by carriers in the port area for unpacking and delivery of cargo

Shipment:

Shipping is delivering goods from point A to point B

Types of Shipments:

1. FCL
2. LCL
3. ConsolidationThe act of combining multiple shipments into one larger shipment going to a
specific destination.
4. Coload shipments
5. Part Containers
 TERMS OF SALE:

Sale agreement between exporter and the importer

TYPES:

 FOB – Free On Board(The point at which the title of the goods passes from
the shipper to the consignee)

• CIF – Cost Insurance Freight (Cost and Freight (CFR), like CIF, requires
the seller to pay the costs and freight necessary to transport goods to
the named port of destination.)

• CNF – Cost and Freight ((CFR) is a legal term used in international trade.
In a contract specifying that a sale is made CFR, the seller is required to
arrange for the carriage of goods by sea to a port of destination and
provide the buyer with the documents necessary to obtain the goods from
the carrier)

• Ex-Works (When importing on Ex Works terms the buyer is responsible

for the whole shipment from door to door. All costs and liabilities are with
the buyer. Ex Works (sometimes shown as EXW or Ex Works) is a
widely used international shipping term or Inco term)

• DDP – Delivery Duty Paid ("Delivered duty paid" means that the seller
fulfils his obligation to deliver when the goods have been made available
at the named place in the country of importation. The seller has to bear
the risks and costs, including duties, taxes and other charges of delivering
the goods thereto, cleared for importation.)

• DDU – Delivery Duty Unpaid ("Delivered duty unpaid" means that the
seller fulfils his obligation to deliver when the goods have been made
available at the named place in the country of importation.)

• GROUPS:

Prepaid

 Other than FOB and Ex- Works

Collect

 Only FOB and Ex-Works