LogisEye is a cloud-based digital logistics procurement platform, connecting Importers and Exporters with Logistics Service Providers (LSP) and Cargo Insurance Providers. Our multiple innovative solutions, powered by Artificial Intelligence (AI) and Machine Learning (ML), scheduled to be launched over three phases, aim to solve some of the key challenges in the procurement and payment of logistics services.
We are scheduled to launch the following applications very soon:
1. LogiQuote – A marketplace for international freight and cargo insurance
2. LogieBid – E-bidding/Reverse auction platform for freight and cargo insurance
3. LogInsure – A marketplace for cargo insurance.
LogisEye will be launching additional digital solutions from 2021-2022.
Please visit our website: https://www.LogisEye.com/solutions.php for more details.
Visit our website & click on the “Register your Interest” button
The logistics procurement is currently characterized by legacy systems and manual processes leading to poor response time, lower productivity, lack of transparency and visibility, resulting in increased logistics cost and cost of doing business, leaving dissatisfied customers and employees.
LogisEye aims to simplify and accelerate logistics procurement, provide enhanced visibility and transparency, reduce logistics and administrative costs, increase productivity and efficiency to all parties in the value chain.
Common benefits in using LogisEye solutions include:
Yes, there is a subscription fee to access different LogisEye solutions. Please visit our website for more details - https://www.LogisEye.com/pricing.php
Yes, as part of our launch plan, we offer:
No, we are not a Freight Forwarding company. LogisEye is a provider of digital solutions specialized in simplifying logistics procurement. Importers and Exporters can connect with different Logistics Service Providers (LSP) through our platform for their various logistics requirements.
Key differentiators:
Yes, Importers/Exporters can use different payment options while using the LogisEye platform. It is the responsibility of LogisEye to settle the invoices with the service providers upon completion of execution of the shipments and uploading relevant documents including proof of delivery (POD) and LSP invoice.
However, LogieBid users have the option of a direct credit period/settlement with service providers.
LogisEye collects various information as part of our supplier qualification process. Users can access some of this relevant information and decide on the selection of the service providers. It is the responsibility of users to evaluate LSP’s before assigning any shipments.
LogisEye will settle the invoice of service providers only after the execution of shipments.
LogisEye platform can easily integrate with any ERP/In-house systems using our API tool kits. Users can contact our Channel Partners, Tele-sales, or Customer Support Center for such requirements.
At LogisEye customer, trust is our top priority. We are aware that Customers and Logistics Service Providers (LSP’s) give core importance to privacy and data security.
LogisEye Platform, being a SaaS model and hosted on AWS Cloud has adequate encryption that provides access only to its authorized users.
AWS network is architected to protect your information, identities, applications, and devices. This ensures core security and compliance requirements such as data locality, protection, and confidentiality with their comprehensive services and features.
On-premise servers will have limitations in terms of stability, security, up-gradation, maintenance, and local laws. It may be difficult to provide on-line access to the service providers to update rates and milestones frequently.
A cloud server like Amazon Web Services (AWS) frees us from all these limitations.
LogisEye will invoice the routing party as per the agreed charges. Standard accessorial charges will be billed by LogisEye.
The routing party has the option to select payment either through LogisEye or directly with selected LSP. Billing may vary based on the selected payment option.
LogisEye will bill all charges including our transaction fee.
LSP will bill applicable charges as per the awarded bid. However, LogisEye will directly bill our transaction fees and cargo insurance charges if any.
Yes, the Invoice will have a breakdown of different charges as per the services requested. These may include:
LSP will bill you directly for accessorial charges on payment of customs duty, VAT, etc.
Users can select from the following payment methods:
LogisEye Wallet is a pre-paid account. Users can maintain a deposit amount and top-up based on actual usage. Use the LogisEye wallet option to accelerate routing with instant payment and save cost on credit card processing fees and/or credit insurance fees.
LogisEye's online platform is a user-friendly application with an in-built chatbot. We provide a detailed User Manual and users can even access FAQ on our website. You can reach a 24x7 Customer support team for any assistance. (email: support@LogisEye.com)
When a shipment gets cancelled after payment, the net amount after cancellation fee if any will be credited to your LogisEye wallet. This amount can be used for future transactions. If the user opts for a refund of the amount, the same can be arranged net of bank charges.
Yes, users can modify or cancel their shipments before the shipment is uplifted by paying the applicable difference in charges.
In case of cancellation of any shipment, the amount paid will be credited to LogisEye Wallet net of applicable charges, if any.
Rates can be submitted in USD, EUR, GBP, or AED for LogiQuote and LogInsure. For LogieBid, importer/exporter can select from USD, EUR, GBP, or AED as Negotiating Currency and bidders need to submit their rates in the same Negotiating Currency.
Yes, you can use the LogisEye platform from 3 devices from anywhere,
anytime. However, the system will not allow the same user to have simultaneous login from
multiple devices at the same time.
LogiQuote is a marketplace for international freight and cargo insurance. We connect major global Logistics Service Providers (LSP’s) and Cargo Insurance Providers with Importers and Exporters worldwide. Users can instantly compare rates, pay for, route, and track their shipments.
LogiQuote solution is a marketplace for instant freight rates and Cargo Insurance rates. This aggregator platform holds a repository of rates from multiple LSP’s and Cargo Insurance Providers valid for a specific period for selected trade lanes. Importers/Exporters can search for rates based on shipment parameters and get instant rates, compare, select suppliers, pay, and route shipments.
Key differentiators of LogiQuote are:
The key features of LogiQuote are the following:
LogiQuote provides instant spot quotes for General cargo (stackable), Perishable and Dangerous Goods.
Users can select from Economy, Back to Back, or Priority/Express services for air freight shipments.
Different service levels will be available for other modes of transport upon launching.
Yes, LogiQuote has the unique ability to provide instant quotes from different service providers on different carriers for freight forwarding and cargo insurance, enabling you to search, filter, compare, book, pay, and track all your international shipments routed through LogisEye on one platform.
LogiQuote will provide spot rates for Airfreight shipments upon launch. We will be providing rates for other modes of transport (Ocean, Road, Rail & Courier) very soon. Importers/Exporters can use LogieBid for sourcing rates for different modes of transport.
Users can search and get rates in LogiQuote within 60 seconds. You can save rate templates for major regular trade lanes and get your rates in less than 30 seconds.
Yes, we have the flexibility of “modify, cancel or hold shipments” in LogiQuote.
LogiQuote aims to caters to Major Airports/Ports across 25 countries on launch. We plan to extend the coverage to +100 countries by the year 2022.
List of 25 countries currently considered to be included upon launch are:
Users can soon access our LogiQuote video within the Solutions page of our website. In Besides, we will be posting YouTube videos on the LogiQuote solution.
Importers can use LogiQuote as a marketplace for instant freight rates and cargo insurance rates. They can search for rates based on shipment parameters and get instant rates, compare, select suppliers, pay, and route shipments.
Exporters can use LogiQuote as a marketplace for instant freight rates and cargo insurance rates. They can search for rates based on shipment parameters and get instant rates, compare, select suppliers, pay, and route shipments.
As a supplier, LSP/Freight Forwarders can register and upload their competitive freight rates in LogiQuote for trade lanes where they operate and get shipments nominated.
An LSP can also register as a customer where they can get instant rates from LogiQuote for different trade lanes and expand their geographical reach.
LogiQuote allows Importers/Exporters and LSP’s to upload different shipping documents during routing & execution of the shipments.
Yes, after making a payment or authorizing to debit the credit facility account, one can send the routing of the shipment. Such routing will be sent to LSP at origin and destination, shipper at the origin, and consignee at the destination.
LogiQuote platform integrates with LSP’s operational systems through APIs. Importers/Exporters can get real-time visibility and updated milestones for their shipments.
Yes, shipments booked through multiple LSP’s can now be viewed on one platform
The rates are updated every quarter and are valid as applicable “at the time”, based on shipment date and search parameters.
The validity of the rates will be visible along with the quotation. Users cannot use the the same quotation for multiple shipments as each shipment &\ applicable rate is linked to a unique quotation number.
No, LogiQuote provides cargo insurance rates only when the users search for freight and cargo insurance. If the users want to get only cargo insurance rates (no freight), they should use the LogInsure solution. Please visit our website - https://www.LogisEye.com/loginsure.php
No, LogiQuote is an online pricing solution that provides you instant rates based on your search parameters. Users can filter the rates using different parameters and select the most suitable rate from multiple pricing options.
No, for non-stackable or over-sized cargo, you must use the LogieBid solution.
Any Importer/Exporter can be our target customer.
Users can select from Pro, Plus, and/or Prime. Please refer to the pricing page of our website for more detail on pricing & features for different models. - https://www.LogisEye.com/pricing.php
Users can select from annual license paid in advance, annual licence paid monthly or monthly licence. For more details in pricing please visit our website –https://www.LogisEye.com/pricing.php
An LSP can also register as a customer where they can get instant rates from LogiQuote for different trade lanes and expand their geographical reach.
Rates can be submitted in USD, EUR, GBP, or AED for LogiQuote.
Yes, the Invoice will have a breakdown of different charges as per the services requested. These may include:
LSP will bill you directly for accessorial charges on payment of customs duty, VAT, etc.
Yes, the user can click on the LogieBid option on the LogiQuote screen to transfer the shipment details and create a LogieBid. All other eBid parameters need to be set before launching the bid.
Each digital solution is independent, and users can subscribe to any or all solutions.
Yes, you can use the LogisEye platform from 3 devices from anywhere, anytime. However, the system will not allow the same user to have simultaneous login from multiple devices at the same time.
LogieBid is an eBidding/Reverse Auction platform for the procurement of freight and cargo insurance across anywhere in the world.
Users can select suppliers from the list of LogisEye vetted registered Logistics Service Providers (LSP's) and Cargo Insurance Providers. They can additionally invite service providers of their choice.
Importers and Exporters worldwide can launch, set target rates, configure awarding parameters, get online rates, analyze, automate launching & awarding of bids, arrange payment, route, and track their shipments.
LogieBid is an eBidding/Reverse Auction platform for the procurement of freight and cargo insurance across anywhere in the world.
Users can select suppliers from the list of LogisEye vetted registered Logistics Service Providers (LSP’s) and Cargo Insurance Providers. They can additionally invite service providers of their choice.
Users can select suppliers, launch, set target rates, configure awarding parameters, get online rates, analyze, automate launching & awarding of bids, arrange payment, route, and track their shipments.
Users can soon access our LogieBid video within the Solutions page of our website. Besides, we will be posting YouTube videos on the LogieBid soon.
Key differentiators of LogieBid are:
The key features of LogieBid are the following:
LogieBid will provide on-line rates for all modes of transport (Air, Ocean, and Road) upon launch.
Yes, users can select from different service levels depending on the mode of transport selected for the eBid.
Users can select suppliers from the list of LogisEye vetted registered Logistics Service Providers (LSP’s) and Cargo Insurance Providers. They can additionally invite service providers of their choice. Your bid can be configured to accept multiple pricing from different Carriers.
Users can launch eBid for General cargo (stackable), Perishable, and Dangerous Goods.
Yes, you have the flexibility to “modify, cancel or hold shipments” in LogieBid.
Yes, Users can get on-line rates through LogieBid for non-stackable or over-sized cargo.
Yes, after making a payment or authorizing to debit the credit facility account, one can send the routing of the shipment. Such routing will be sent to LSP at origin and destination, shipper at the origin, and consignee at the destination.
LogieBid allows users to upload different shipping documents during routing & execution of the shipments.
LogieBid platform is integrated with LogisEye vetted LSP’s operational systems through APIs.
Users can get real-time visibility and updated milestones for their shipments routed through LogisEye vetted suppliers. However, these features will not be available for shipments routed through non-LogisEye vetted suppliers.
Yes, shipments booked through multiple LogisEye vetted and integrated LSP’s can be viewed through the LogieBid platform
LogieBid pricing is based on the expected time of shipping (ETS) and the expected time of arrival (ETA) as advised during the bid launch. The users can request bidders for an extended validity period for their bids
Yes, users can opt for manual negotiation and award.
Yes, users can launch eBids through LogieBid for freight, freight, and cargo insurance or only cargo insurance.
Anyone can use LogieBid Solution for eBid/Reverse auction. LSP’s/Freight Forwarders can use LogieBid to accelerate the procurement of logistics services that they sub-contract from third parties.
LogieBid pricing is based on the expected time of shipping (ETS) and the expected time of arrival (ETA) as advised during the bid launch. The users can request bidders for an extended validity period for their bids. The rates are linked to specific bids and cannot be used for multiple shipments.
Users can copy the initial bid, edit relevant details, and launch new bids for similar shipments.
LogieBid service will be available to all countries worldwide upon launch. In the case of countries where LogisEye vetted suppliers are not present, users can invite suppliers of their choice and settle their payments directly. Online tracking may not be available for such suppliers until they register and integrate with the LogisEye system.
Any LSP/Freight Forwarder or a Cargo Insurance Provider who qualifies LogisEye approval process and agrees to our Master Service Agreement (MSA) can become our supplier.
Importers can use LogieBid solution with a hassle-free end to the end bidding process with minimum manual interaction and get freight and/or cargo insurance rates.
You can accelerate procurement, get competitive & comparable rates across any trade lane and mode of transport, make on-line payment, route, and track your shipments.
Exporters can use the LogieBid solution with a hassle-free end to the end bidding process with minimum manual interaction and get freight and/or cargo insurance rates.
You can accelerate procurement, get competitive & comparable rates across any trade lane and mode of transport, make on-line payment, route, and track your shipments.
LogieBid has LogisEye vetted service providers registered with us for most of the trade lanes. Users can select from these registered service providers and invite additional Service Providers of their choice to participate in eBids.
Users can get real-time visibility and updated milestones for their shipments routed through LogisEye vetted suppliers. However, these features will not be available for shipments routed through non-LogisEye vetted suppliers
Yes, LogieBid users can modify, cancel, hold, or relaunch a bid. However, shipments under a bid cannot be moved in parts.
LogieBid platform is configured to send automated alerts every hour starting four hours before bid closing time. If any of the participating LSP’s fail to submit the bids, the system will send alert to such LSP’s and the user who has launched the bid.
LogieBid captures the time based on your time zone.
Yes, you can set default Award Parameters and Weightages for your standard eBids. Users can edit the award parameters and weightages based on specific eBid requirements for your shipments.
LogisEye has the capability of a unique In-app 3-way chat, which allows all parties to be on the same conversation.
Yes, LogisEye is configured with this feature and the user can select this option while launching the bid.
Users can select the option to automate extension of bid closing time up to three times for any bids if the target rates are not met while bidding. The setting of a target rate is mandatory while selecting this option.
Yes, the user can click on the LogieBid option on the LogiQuote screen to transfer the shipment details and create a LogieBid. All other eBid parameters need to be set before launching the bid.
LogieBid can be used by any Importers, Exporters, Logistics Service Providers and Third parties who want to procure freight, freight, and cargo insurance or cargo insurance.
Yes, LogieBid has 3 options: (1) Bid, Pay, and Route, (2) Bid, and Route (3) Bid. If the user does not route the shipment through LogieBid, they will not get any real-time visibility for different milestones for their shipments.
Each digital solution is independent, and users can subscribe to any or all solutions.
For LogieBid, importer/exporter can select from USD, EUR, GBP, or AED as negotiating currency and bidders need to submit their rates in the same negotiating currency.
Users can select from Pro, Plus, and/or Prime.
Please refer to the pricing page of our website for more detail on pricing & features for
different models. - https://www.LogisEye.com/pricing.php
Users can select from annual license paid in advance, annual licence paid monthly or monthly licence. For more details in pricing please visit our website – https://www.LogisEye.com/pricing.php
Yes, users can request a credit period from service providers at the time of launching eBids. If the user wants to use a credit facility with LogisEye, they must select Credit Application and approval process at the time of post-registration. Users can opt to pay for their eBids using other LogisEye payment methods (Credit/Debit Cards/Net Banking/LogiEye Wallet)
Yes, the Invoice will have a breakdown of different charges as per the services requested. These may include:
LSP will bill you directly for accessorial charges on payment of customs duty, VAT, etc.
Yes, our Customer Support center is available 24x7 for any assistance required during your bidding processes. Besides, users can get step by step guidance from our LogieBid User Manual (link to be provided) and request for online training.
Yes, you can use the LogisEye platform from 3 devices max at a time from anywhere, anytime.
There are various risks involved during the movement of goods. Your shipment is handled by various parties during transportation at different stages and there is no guarantee that loss or damage will not occur during transportation.
Cargo Insurance gives protection to customers against risks of physical loss or damage to their shipment from external causes during transportation by air, ocean, rail, or road between the points of origin and destination. This is also known as ‘marine insurance’, ‘all risks insurance’, or ‘goods in transit insurance’.
In the event of physical loss or damage to cargo while in transit, the liability of the carrier is limited as per the applicable International Conventions.
Under limited liability, compensation for damaged or lost cargo is assessed by weight or number of boxes and not the value of the shipment. There is no guarantee on the recovery of the full amount of the loss and damage from a carrier and your compensation may be marginally less than the commercial value of the goods.
We recommend Importers/Exporters to ensure that goods are adequately covered by Cargo Insurance before the shipping the goods and minimize their loss.
Logistics Service Providers (LSP) and carriers normally handle every shipment with great care, but accidents or events can happen within or even outside of their control. All risk Cargo Insurance ensures that your goods are protected against damage or loss during transportation.
Importers/Exporters rely on Logistics Service Providers (LSP) every day to deliver their shipments reliably and safely. There are so many parties involved during transportation. Some unexpected events can lead to loss or damage and are out of their control.
Cargo Insurance covers all risks of physical loss of or damage to a shipment arising from an external cause during transit. An ‘external cause’ means an incident not caused by a characteristic of the shipment contents. Loss due to a delay in the delivery of a shipment s not covered under Cargo Insurance.
Our LogiQuote and LogInsure platforms provide instant and competitive cargo insurance
rates from multiple Cargo Insurance Providers for shipments across major trade lanes and
modes of transport.
Users can launch a Bid/reverse auction using LogieBid for high-value cargo and
oversize/project cargo movements.
You can invite LogisEye?s registered suppliers and additional insurance suppliers of your
choice.
Yes, LogInsure is a marketplace for Cargo Insurance rates. Users can get spot rates for standard cargo movements irrespective of them moving shipments directly subject to the terms & conditions from Insurance Service Providers.
Leading global and local Cargo Insurance providers are registered with us as suppliers. Insurance Service Provider (ISP) may vary based on the trade lane and insured value you select for your shipment.
Each digital solution is independent, and users can subscribe to any or all solutions.
Cargo Insurance Providers provide you with an insurance premium amount after considering Cargo Risk Category, Country Risk Zones, Mode of Transport, and Insured Value.
Cargo Insurance Providers can provide All Risk Cargo Insurance rates valid for a minimum of 3 months or till the end of the next quarter. Rates are revised quarterly thereafter.
No, LogisEye is only a digital solution connecting you with Freight Forwarders and Cargo Insurance Providers to accelerate the procurement of your logistics requirements.
We are not involved in the transportation of your goods and we do not compensate you for any loss or damage during transportation. Importers/Exporters must follow up with the selected Logistics Service Provider and or Cargo Insurance Provider for transit claims.
Freight forwarders and carriers have limited liability under international conventions for the loss or damage to goods. In the case of an incident, your compensation is normally calculated against a ?standard? liability clause. All Risk Cargo Insurance covers the gap between a standard liability and the full value of your goods.
Not with LogisEye. You can arrange Cargo Insurance online through our LogiQuote, LogieBid and LogInsure modules with no direct human interaction. We will get you covered quickly and easily – saving you time, operating costs – and with much less paperwork compared to other insurers.
No, our insurance Partners get you high-quality cover combined with competitive rates and minimum deductibles or excess. You may get rates from multiple Cargo Insurance Providers to select from.
You can currently get Cargo Insurance Rates in USD, EUR, GBP, or AED. We may add additional currencies in the future.
For shipments by Air -19 SDR (Special Drawing Rights) per kilogram for cargo, or US$27 per kilogram for non-signatories of the amended Montreal Convention. Refer website of Montreal Convention (https://www.iata.org/en/policy/smarter-regulation/mc99)
For Shipments by Ocean - Hague - Visby scheme (except in case of the declared value of goods) is 666.67 SDR (Special Drawing Rights) per package or unit or 2 SDR per kilogram of the gross weight of goods, whichever is higher.
As per the Montreal Convention of 1999, a claim for international shipment by air must be filed within 14 days of delivery for damage and 21 days for the delay.
The Convention does not provide a time limit for claims for non-delivery. Airlines typically set a time limit of 120 days from the issuance of the airway bill for notice of non-delivery.
As per the Hague-Visbye Rules, a claim for carriage by sea must be filed within 3 days of delivery for damage.
No, Loss of profit and Consequential Losses are in the general exclusions.
Cargo Insurance Provides does not provide any insurance coverage on shipments to/from following Embargo Countries: Iran, Myanmar, Cuba, North Korea, Sudan, and Syria.
Our Cargo Insurance Providers can cover you for most countries except Embargo Countries. Our marketplace provides instant rates for most of the cargo up to certain value limits. For high risk and high-value cargo, you can use LogieBid and get competitive rates.
With Cargo Insurance, you are fully covered to the extent of actual loss subject to the the insured value that was declared at the time of arranging cargo insurance the settlement of ‘claim will be net of applicable minimum deductibles/excess on the policy per incident.
Logistics Service Providers (LSP) on our platform handles claims globally. You can register your Cargo Insurance Claims through LogisEye Platform, and a representative from Cargo The insurance provider will contact you for the next steps on claims.
Follow the instructions outlined in the LogisEye platform. You can report and register a Cargo Insurance Claim through our platform, so long as the Cargo Insurance was arranged through our platform. Please refer to our User Manual for detailed information.
The claim process usually takes time depending on the nature of the Cargo Insurance
Claim.
Normally, Cargo Insurance Providers take 30 to 45 days to get claims settled from the
date of registering a claim provided all required documents are digitally uploaded and
sent.
One can register a Cargo Insurance Claim through the LogisEye platform. You can contact our 24X7 Customer Service team and follow up with them for any queries and clarification.
CIF+10% stands for Cost, Insurance premium, and Freight charges Plus an additional 10% to cover additional charges incurred due to fluctuation in currency or additional freight cost.
Yes, Cargo Insurance Providers can either submit one common rate or different rates based on the above parameters for standard cargo. You can register to join LogiEbid and submit rates for non-standard and/or high-value shipments.
LogisEye will collect the premium from importers/exporter along with other applicable charges. We will pay the premium directly to Cargo Insurance Provider based on the credit period agreed at the time of supplier registration.
Yes, you can use the LogisEye platform from 3 devices from anywhere, anytime. However, the system will not allow the same user to have simultaneous login from multiple devices at the same time.
Visit our website & click on the “Become a Partner” button
Any legal entity or an independent professional who is legally allowed to work as a freelancer, having a strong network with importers & exporters and freight forwarders, can register to become a LogisEye partner.
LogisEye Partner Programme currently offers different options depending on the type of organization and engagement. For detailed information, please visit our website: (https://www.logiseye.com/partner-with-us.php)
Alternatively, you can contact us on partners@logiseye.com for further information.
LogisEye encourages Partners in every region and territory to serve its customers. LogisEye will assess the market, geography, service coverage, and Partner strengths to define and allocate geography.
LogisEye Partner Programme is designed for customer-centric Institutional Channel Partners, Independent professional, and Strategic Partners who want to grow their business by bringing transformation in their client’s business.
It is a global community of partners who refers, recommends, sells, advocates the LogisEye solution to their clients.
LogisEye Partner Programme provides an exceptional opportunity to join our digital transformation journey in the procurement of logistics services.
Benefits of our Partner Programme includes the following and may vary depending upon the type of engagement:
Yes, we encourage you to use LogisEye in your outbound communications. LogisEye will furnish branding guidelines during the agreement period. Please refer to the media kit in the Partner portal for guidelines.
LogisEye rewards our Partners with a very attractive commission, recurring revenue, and performance incentives. Please contact our Partners support team for more information. (partners@logiseye.com)
LogisEye has a dedicated Partnership team that will manage your entire journey.
Yes, even a Freight Forwarder/LSP can become a Channel Partner.
All Institutional Partners will be listed on the website upon approval.
Comprehensive training will be provided depending on the type of engagement enabling Partner to operate effectively.
Apart from this LogisEye is building a Resource center in the partner portal which is available for all registered partners.
Depending on the types of partner and engagement, we provide
Kindly check if the application has been filled. All applications go through a thorough review and scrutiny. In the normal course you should expect a response within 7 working days, if this is not the case please do write to us at partners@logiseye.com
LogisEye offers one of the best-earning potentials.
The amount and type of earning depend on the type of engagement, commitment, and
performance. The payout structure consists of customer sign up commissions, recurring
commissions based on transactions, and incentive on surpassing targets.
Details will be provided during the Partnership opportunity discussion.
Depending on the type of engagement and contract the commissions can vary from one time to three years. These will be detailed in the partner proposal and agreement.
The commission is verified and paid-out by the end of the following month. The incentive is paid end of every quarter within 30 days from the end of every quarter.
Payment will be made through wire transfer to the registered bank account.
LogisEye Partnership team will evaluate performance at the end of the agreement period and if qualified will move to the next tier. The tier will reflect in the Partner listing on the website.
All Partners will require to accept the LogisEye Partner Program terms and conditions to become an authorized Partner.
The agreement is valid for a period of 1 year from the date of the agreement, auto-renewed subjected to fulfilling the conditions stipulated in the contract.
No, there will be no penalty clause if a Channel Partner wants to terminate a Partnership agreement.?However necessary notice period is mandatory and other terms and conditions as per the partner agreement shall apply.
An air waybill (AWB) or air consignment note is a document issued by an air carrier to acknowledge receipt/possession of goods from the shipper. This serves as a receipt for the shipper (consignor).
This document accompanies goods shipped and provide detailed information about the shipment and allow it to be tracked. The bill has multiple copies so that each party involved in the shipment can document it.
An Air Waybill is a legally binding and non-negotiable transport document. It is a document of title to the goods.
An air waybill (AWB) serves as a receipt of goods by an airline (the carrier), as well as a contract of carriage between the shipper and the carrier. It is a legal agreement that’s enforceable by law.
The AWB becomes an enforceable contract when the shipper (or shipper's agent) and carrier (or carrier's agent) both sign the document. The airway bill will also contain the shipper's name and address, consignee's name and address, three-letter origin airport code, three letter destination airport code, declared shipment value for customs, number of pieces, gross weight, a description of the goods, and any special instructions (e.g., "perishable").
An AWB also contains the conditions of the contract that describe the carrier's terms and conditions, such as its liability limits and claims procedures, a description of the goods, and applicable charges.
Airway bill is issued by an air carrier of goods on receipt of goods after completion of export customs formalities of the country. Shipper obtains airway bill (AWB) once after handing over cargo to them.
In general terms, an AWB/MAWB and HAWB functions as airway bill. MAWB is issued by an air carrier of goods on receipts of goods after completion of export customs formalities of
the exporting country.
HAWB is issued by a freight forwarder when a shipper books cargo with them. The freight forwarder books the same cargo with the main airline carrier and obtains MAWB.
In the case of the Consolidation of cargo, there can be multiple HAWB’s under a MAWB. The air carrier will issue one MAWB for the total consolidated shipment irrespective of
several HAWB’s included in the consolidation.
The AWB consists of three originals and nine copies. Original 1 is for the Issuing Carrier, Original 2 is for the Consignee and Original 3 is for the Shipper.
Back-to-Back shipment is a master single shipment, comprising a single house shipment on a single master shipment. This type of consignment is created mainly for reasons of cost. The goods could also be sent as a Direct, but this would result in higher freight charges since the freight would be charged according to the official IATA rates and these are generally significantly higher than the sales rates available directly from the carrier.
Consolidation refers to the process of assembling several smaller shipments or partial loads into one ULD (Unit Load Device) or container headed to a shared waypoint for final forwarding to avail of better freight rates and security of cargo. This allows companies to use fewer loads and get shipments to their destinations more efficiently and is cost- effective.
The size and weight of your shipment might restrict how quickly we can move it through the air, and some goods are regulated by international law. However, we will work with you to meet your requirements.
Air priority is ideal for time-sensitive freight, delivered in the fastest possible freight forwarding transit time achieved through the usage of the first scheduled carrier flight out. This service delivers accelerated shipment clearance and handling at the origin and destination with the door-to-door transit time of normally 1–2 days.
Chargeable weight for standard cargo is gross weight or volume weight whichever is higher.
The measurement is taken by Length (cm) x height (cm) x width (cm) divided by 6000 gives the volumetric weight.
(1). Standard Cargo Dimension for Wide Body Aircraft: 300 X 200 X 155 CMS
(2). Narrow Body Flights approx. 100 X 100 X 75 CMS / 100 KGS PER PACKAGE
Measure the length into width into height (LxWxH) of the consignment in centimeters. Calculate the volume and divide it by 6,000 to get the dimensional weight in kilograms. e.g.
Volumetric Weight in kgs using centimetres = (50 x 40 x 40cm) x 5 boxes / 6000 = 67kgs
e.g. Volumetric Weight in kgs using inches = (20 x 16 x 16) x 5 boxes / 366 = 67kgs Some carriers may apply 5000 as divisors
Stackability of a cargo defines if any other cargo can be placed on top of your cargo, or can your cargo be placed on top of any other cargo (top-loadable conditions) inside aircraft/ container /trucks, etc. Non-stackable (and at times top-loadable) cargo will have special rates from the carriers and freight forwarders.
A point at which freight moving from one territory to another is interchanged between transportation lines
The pivot weight is a weight threshold of a ULD (Unit Load Device), below which the cargo is charged the under-pivot rate. Any weight that falls between the pivot weight and the maximum capacity of the ULD is charged at a special unit rate, higher than the pivot rate, called the over-pivot rate
Unit Load Device (ULD) is a pallet or container used to load luggage, freight, and mail on wide-body aircraft and specific narrow-body aircraft. It allows a large quantity of cargo to be bundled into a single unit.
An air freight shipment is considerably more expensive than the same volume of sea freight cargo mainly due to faster transit time, higher fuel consumption, limited capacity available, and higher operational cost.
Aircraft on Ground or AOG is a term used to describe critical shipments for parts or materials for aircraft "out of service"
Cut-off date or time -The last date or time at which export cargo will be received for an aircraft.
An ATA Carnet usually called “Merchandise Passport,” is a document that facilitates the temporary importation of products into foreign countries by eliminating tariffs and value- added taxes (VAT) or the posting of a security deposit normally required at the time of importation. An ATA Carnet eases the temporary importation of commercial samples, professional equipment, and goods for exhibitions and fairs.
An original bill of lading (OBL) is a contract of carriage that serves as a title of the cargo and confirms the carrier's receipt of the cargo.
Cargo issued with an original bill of lading can be released in one of two ways: with an endorsed original bill of lading, or with a telex release.
An express bill of lading is a type of bill of lading (B/L) in which the carrier is obligated to deliver the goods to the named consignee and no original bills of lading (OBL) are issued.
The major difference between a Telex Release and an Express Release is as follows:
There is no restriction on the number of bills of lading that can be issued, but the number issued must be stated on the bill. Three bills are standard – one for the shipper, one for the consignee, and one for the banker, broker, or third party.
When there is a high degree of trust between the shipper and the consignee when the goods will not be traded or sold during transport and when the goods are paid for with an approved line of credit.
In general terms, an MBL/LBL and HBL functions as Bill of Lading. MBL/LBL is issued by an ocean carrier of goods on receipts of goods after completion of export customs formalities
of the exporting country.
HBL is issued by a freight forwarder when a shipper books cargo with them. The freight forwarder books the same cargo with the main ocean carrier and obtains MBL/LBL.
In the case of the Consolidation of cargo, there can be multiple HBL’s under an MBL. Ocean carrier will issue one MBL/LBL for the total consolidated shipment irrespective of several HBL’s included in the consolidation.
Bill of Lading that cannot be transferred by endorsement is called a Non-Negotiable Bill of Lading.
A negotiable bill of lading instructs the carrier to deliver goods to anyone in possession of the original endorsed negotiable bill, which itself represents title to and control of the goods. Non-Negotiable.
A Sea Waybill is a transport document (contract of carriage) like a Bill of Lading. however, seaway bill is not needed for cargo delivery and is only issued as a cargo receipt. It can either be issued in hard copy format or soft copy format both formats are acceptable by the carriers to issue Delivery Orders.
A Telex Release can be defined as a message that is sent by an agent or shipping line from the carrier office at origin to the destination carrier's office. It can also be sent from an agent to an agent signify that the shipper has already surrendered the OBL (Original Bill of Lading) issued to them, cargo can be released against a copy of this telex message or with a copy of the bill of lading.
A back to back bill of lading is when there is an NVOCC operator involved or when a Freight Forwarder wants to issue their bill of lading. In such cases, the House Bill of Lading (HBL) issued by the NVOCC/Freight Forwarder will be an exact copy of the Master Bill of Lading issued by the actual shipping line
We strongly recommend not to do any amendments on the Bill of Lading after the vessel has been sailed. As soon as the Bill of Lading has been issued, any amendments are subject to carriers? amendments? fee.
The fee may vary from $70 to $200. Please also notice that completing B/L amendments is not guaranteed and may take an uncertain amount of time.
Freight consolidation refers to the process of combining multiple shipments /packages or partial loads into one shipping container headed to a shared waypoint for final forwarding. This allows companies to use fewer loads and get shipments to their destinations more efficiently and cheaply.
A penalty charge against shippers or consignees for delaying the carrier’s equipment beyond the allowed free time. The free time and demurrage charges are outlined in the charter party or freight tariff.
The difference between Demurrage & Detention
Dangerous or IMO (International Maritime Organization) goods are any goods whose properties or characteristics pose a risk to people's safety and security.
Loose, noncontainerized cargo stowed directly into a ship’s hold (palletized, bagged, strapped, bundled, drummed, and crated like below) and non-unitized general cargo (vehicles, steel, etc).
A container yard (CY) is a physical facility from which ocean carriers accept and deliver ocean containers, as well as issues, and receive back empty containers.
A dedicated port or container terminal area, usually consisting of one or more sheds or warehouses and uncovered storage areas used as temporary storage where cargo is loaded (“stuffed”) into or unloaded (“stripped”) from containers.
Transport service whereby loaded or empty containers in a regional area are transferred to a “mother ship” for a long-haul ocean voyage.
Loose or mostly uniform cargo, such as Agri bulk products, coal, fertilizer, and ores, that are transported in bulk carriers.
The latest time a container may be delivered to a terminal for loading to a scheduled barge, vessel, train, or truck.
A shortening of the term “roll-on roll-off.” Ro/Ro is a cargo handling method whereby vessels are loaded via one or more ramps that are lowered on the quay.
The movement of freight over the tracks of a transportation line from one location (port or city) to another.
A cargo consolidator/Freight Forwarder in ocean trades who buys space from a carrier and resells it to smaller shippers.
The NVOCC issues bills of lading publish tariffs, and otherwise conducts itself as an ocean common carrier, except that it does not provide the actual ocean or intermodal service.
Unit of measurement equivalent to one forty-foot container. Two twenty-foot containers (TEUs) equal one FEU.
Container size standard of twenty feet. Two twenty-foot containers (TEUs) equal one FEU. Container vessel capacity and port throughput capacity are frequently referred to in TEUs.
FCL – an abbreviation for “Full Container Load”. This term is commonly used to describe a sea freight service that is designed for shipments of cargo where the shipper has exclusive use of sea multimodal container.
As rule containers are loaded and sealed by the shipper at the shipper's facility. Then it is transported by ocean, rail, and/or truck directly to the point of final destination.
Sea freight LCL an abbreviation for “Less than Container Load”. This term is commonly used in the sea freight industry and by international moving companies to describe a sea freight service designed for shipping boxed, crated, or palletized cargo that cannot fill an entire 20 or 40-foot sea container.
One cubic meter is a considerably large volume. A cubic meter is a measurement of volume, equal to space that is one meter wide, one meter long, and one meter high.
One metric meter = 3.28 metric feet. (ONE CUBIC METER = 35 CUBIC FEET). W/M – weight or measurement, whichever is greater. W/M presents cargo density limit, typically per Cubic Meter.
Freight forwarders charge LCL rate based on 'per CBM' or per weight of 1000kgs (1 ton) whichever is higher. CBM – cubic meter is calculated by multiplying the length, width, and height of packages of goods divided by 1000 gives you volumetric weight.
FCL stands for full container load and refers to shipments for which all goods in a container owned by one party.
The cubic capacity of cargo that fits in a 20ft container is approximately 33 cbm
The cubic capacity of cargo that fits in a 20ft high cube container is approximately 37 cbm
The cubic capacity of cargo that fits in a 40ft container is approximately 66 cbm
The cubic capacity of cargo that fits in a 40ft container high cube is approximately 76 cbm
Bulk cargo is a shipping term for items that are shipped loosely and unpackaged as opposed to being shipped in packages or containers.
An item may be classified as bulk cargo if it is not containerized and easily secured on a vessel. Items such as oil, grain, or coal are all examples of bulk cargo.
Vessel operating common carrier is a company that operates its vessels.
VGM stands for Verified Gross Mass. VGM is the weight of the cargo including dunnage and bracing plus the tare weight of the container carrying this cargo.
SOLAS (The International Convention for the Safety of Life at Sea) requires the shipper to provide VGM in a “shipping document,” either as part of the shipping instruction or in a separate communication before vessel loading.
The user must select the modules, features, payment plans, and the number of users. We may issue Promo Codes from time to time and users can update the same while selecting the subscription details to get special discounts on our subscription prices. If there are any questions or clarification, reach out to our sales team at sales@logiseye.com
You can find the details of our subscription fees & pricing plans on the LogisEye website under the Pricing page - https://www.LogisEye.com/pricing.php. Please feel free to contact Sales at sales@LogisEye.com for further questions or clarifications
Users can select from the following payment methods:
Please visit our website www.LogisEye.com to Sign-up and set up your account
Yes, it is will be available but subject to Credit Insurance and management approvals.
Yes, you can select from a few global payment gateways through our secured site to make an online payment.
We are providing a trial period for free to get the customer experience. Once the license fee is paid and you started moving shipments, we do not expect the users to cancel their subscription. In case of any specific reason, you can contact your assigned sales support or Channel Partners.
A monthly subscription cannot be cancelled. An annual subscription can be cancelled with 3 months' notice pay as penalty. You can continue to execute the shipments during the notice period.
Yes, a special pricing option will be made available for customers requiring one or more options, or a large number of licenses , you can reach out to the sales team at sales@logiseye.com
User can follow the below steps for registration:
The size and weight of your shipment might restrict the airline or sea container or vehicle
necessary to move your shipment. Also, goods which are classed as hazardous,
perishable, or high value are regulated by international law. Contact us with the details of
your shipment and we can provide the best solution for moving that awkward load.
LogisEye offers different services levels (Economy/Budget, Back-to-Back, Express/Priority)
to select from for your international air freight shipping service via commercial cargo aircraft
depending on your urgency of the shipment and cost budget.
Users can select Air as the mode of transport and use our LogiQuote solution for instant
rates or launch an online eBid using our LogieBid solution.
According to our experience, we’d like to give suggestions as follows: If the goods you bought is of a large volume or weight and delivery time is out of your consideration, Sea freight will be your best choice. You can select between FCL or LCL depending on the volume. But if your clock is ticking, we recommend Airfreight which may cost more. You can select from different service levels based on the urgency of the shipment and cost budget.
Please contact us to discuss your specific logistics needs.
Pre-Carriage (Origin) – is the term given to any inland movement that takes place before the shipment being loaded at a port/airport of loading. Such activity can take place at the same location as the port of loading, or a location close to the port of loading.
Main-Carriage (Port to Port) – is the term given to the actual movement of the cargo from the port/airport of the load to the port /airport of discharge.
On-Carriage (Destination) – is the term given to any inland movement that takes place after the shipment is discharged at a port/airport of discharge. Such activity can take place at the same location as the port of discharge, or a location close to the port of discharge.
Shipper’s Letter of Instruction (SLI) is a ‘letter’ from the exporter instructing the freight forwarder on how and where to handle the export shipment.
A Shipping Order (SO) is a document issued by the carrier that confirms a shipment's booking on a vessel. A SO will contain the location of the empty container for pickup and may also contain booking details like the vessel name, voyage number, and sailing time.
Sure, we will need to know the cargo dimensions, weight, and transport terms – eg, Ex Works, FOB, CIF, CFR. If you are already a registered customer, please fill the simple quotation form and you shall receive your quotations instantly through our LogiQuote solution. Our pricing will not include any accessorial costs/pass-through costs Eg: Customs duty, VAT, Storage, Inspection fee, etc)
What a great question! Freight forwarding is a sequence of events – if there is a break in the sequence then sometimes on-time delivery can be difficult. However, with proper planning, most deliveries are usually on time. You can monitor the on-time delivery of your shipments by selected LSP and tradeline on your Dashboard.
Generally, a delay will occur due to the following reasons:
A tracking number or ID is a combination of numbers and/or letters that uniquely identifies your shipment.
Our LSP’s are committed to lead times and take steps to overcome delays through block space agreements or by alternative routing where possible. However, when a delay is unavoidable, our LSP’s will work proactively with you to agree on a suitable alternative or available solution that meets your requirements.
UN (United Nations) numbers are the basic identification given to all dangerous goods as per the IATA standardization. It is mandatory to have the UN specification details in case of Dangerous Goods movements.
An e-auction is a transaction between sellers (the auctioneers) and bidders (suppliers in the business to business scenarios) that takes place on an electronic platform. It can occur business to business, business to consumer, or consumer to consumer, and allows suppliers to bid online against each other for contracts against a published specification.
Transit time is the time taken for the cargo to reach the destination airport/port from the origin airport/port. The duration calculated is always on the port to port or airport to airport basis.
Hazmat means “hazardous materials”, also known as “Dangerous Goods”. The supplier should know whether a product is hazmat and how to ship a hazmat product. The supplier should also be able to provide all the dangerous goods paperwork. All shipments must comply with hazmat regulations.
Diagnosis samples may contain infectious substances. Test samples may contain items that meet one of the criteria for dangerous goods, particularly infectious substances, flammable liquids or solids, oxidizers, organic peroxides, toxic or corrosive substances.
The 9 Classes of Dangerous Goods are:
All charges are either export (origin), import (destination), or sea freight-related. Depending on the agreement between shipper and consignee the charges must be either prepaid or collect which fall under the Incoterm (there might also be legal requirements in some countries)
Reefer Service is used to Refrigerated containers or vessels designed to transport refrigerated or frozen cargo.
The transit time provided in your booking confirmation is estimated by LSP, also known as per the industry as an estimated date of departure/Arrival (ETD/ETA). Weather and other circumstances may arise beyond our control which can sometimes cause delays.
All shipments are dynamically tracked. Any delay will be reported to the customer as the information becomes available. Customers will be advised of any freight that is damaged in transit immediately by phone or email. All options will be discussed with the customer.
buyer’s payment to a seller will be received on time and for the correct amount. If the buyer is unable to make a payment on the purchase, the bank will be required to cover the
full or remaining amount of the purchase.
Letters of Credit are used primarily in international trade transactions of significant value, for deals between a supplier in one country and a customer in another.
Transit time will vary depending on where you are shipping (Origin to Destination). Kindly complete the quotation submission and instantly we will be able to provide you with estimated transit time based on selected LSP’s and Carriers.
A few days before the arrival date of the shipment through the respective carrier, the appointed agent will send you an arrival notice confirming the arrival of your goods. Please keep in mind in case the terms are until the port of destination then you will have to have the goods cleared through customs before you can pick up.
Users can select from USD, EUR, GBP, or AED for your rates.
HS Code stands for “Harmonized System” and is used worldwide for describing the type of commodity that enters or crosses most international borders that must be declared to customs. The Harmonized Commodity Description and Coding System generally referred to as “H.S. Code” is a multipurpose international product terminology developed by the World Customs Organization (WCO).
Material Safety Data Sheet (MSDS) is designed to provide both workers and emergency personnel with the proper procedures for handling or working with a substance.
MSDS's include information such as physical data (melting point, boiling point, flash point, etc.), toxicity, health effects, first aid, reactivity, storage, disposal, protective equipment, and spill/leak procedures. These are of particular use if a spill or other accident occurs.
When transporting “DGR” OR "Hazardous Materials", in most cases, the packaging has to be certified to UN standards. The international agreements for the carriage of dangerous goods require packaging to be of a design-type certified by a national competent authority. This involves testing the packaging against the appropriate UN specification to ensure its suitability for the carriage of certain dangerous goods. Such packaging is often referred to as "type-approved", "UN Approved" or "UN certified" and marked in a way, prefixed by the UN logo and followed by codes.
Our customers are exporters and importers who want to move their shipments. Freight forwarders can register with us as customers and get instant rates or launch eBids where they sub-contract the services.
LogisEye is well equipped to support our customers with 24x7 customer service and 3-way chatbot accessible from anywhere and anytime.
Let our customer service team help you along the way, just call our customer service agent at 000-000-000-000 (all are listed on the customer service brochure) or email
(support@LogisEye.com) anytime day or night.
You can even get your shipment status using our chatbot once you are login into our system.
Our Customer support centre staff is well trained to solve customer issues and to provide logical solutions, participate fully in complying with customer requests.
Yes, we will be able to provide hands-on training and will support you with our Product User Manual, YouTube videos, product videos, and online training sessions.
LogisEye is a cloud-based platform connecting importers and exporters with Logistics Service Providers and Cargo Insurance companies, powered by AI, ML & Advanced Analytics.
A few days before the arrival date of the shipment through the respective carrier, the appointed agent will send you an arrival notice confirming the arrival of your goods. Please keep in mind in case the terms are until the port of destination then you will have to have the goods cleared through customs before you can pick up. This is called customs clearance.
Customs clearance work involves the preparation and submission of documentation required to facilitate export or imports into the country. Customs clearing agent represents the client during customs examination, assessment, payment of duty, and taking delivery of cargo from customs after clearance along with documents.
Yes, you can use the LogisEye platform from 3 devices from anywhere, anytime. However, the system will not allow the same user to have simultaneous login from multiple devices at the same time.
A time draft (or bill of exchange) which the drawee has accepted and is unconditionally obligated to pay at maturity. Drawee's act in receiving a draft and thus entering into the obligation to pay its value at maturity. An agreement to purchase goods under specified terms.
A one-off charter operated at the necessity of an airline or charterer.
Ad Valorem ("according to the value")A fixed percentage of the value of goods that is used to calculate customs duties and taxes.
Is a court having jurisdiction over maritime questions about ocean transport, including contracts, charters, collisions, and cargo damages.
Load made on the security of the documents covering the shipment.
A bank that receives a letter of credit from an issuing bank verifies its authenticity and forwards the original letter of credit to the exporter without obligation to pay.
A term indicating that a shipper's agent or representative is not empowered to make decisions or adjustments without the approval of the group or individual represented.
Is a company that controls, or is controlled by another company, or is one of two or more commonly controlled companies.
The steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that agent.
This is a type of freight forwarder who specializes in air cargo and acts for airlines that pay him a fee (usually 5%). He is registered with the International Air Transport Association, IATA (See also Air Freight Forwarder; Forwarder, Freight Forwarder, Foreign Freight Forwarder).
This is a type of freight forwarder who specializes in air cargo. He usually consolidates the air shipments of various exporters, charging them for actual weight and deriving his profit by paying the airline the lower consolidated rate. He issues his air waybills to the exporters, is licensed by the CAB (Civil Aeronautics Board), and has the status of an indirect air
A bill of landing that covers both international and domestic flights transporting goods to a specified destination. This is a non-negotiable document of air transport that serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed and obligates itself to carry the consignment to the airport of destination according to specified conditions.
International Air Transport Association, IATA
Is an insurance provision that all loss or damage to goods is insured except that of inherent vice (self-caused)
Is a clause included in marine insurance policies to cover loss and damage from external causes, such as fire, collision, pilferage, etc. but not against innate flaws in the goods, such as decay, germination, nor against faulty packaging, improper packing/ loading or loss of market, nor war, strikes, riots, and civil commotions (See Marine Insurance)
A phrase referring to the side of a ship. Goods to be delivered "alongside" are to be placed on the dock or barge within reach of the transport ship's tackle so that they can be loaded abroad the ship.
This is a standard clause to be included in the contracts of exporters and importers, as suggested by the American Arbitration Association. It states that any controversy or claim will be settled by arbitration following the rules of the American Arbitration Association.
The transfer of the rights, duties, responsibilities, and/or benefits of an agreement, contract, or financial instrument to a third party.
A stipulation within a letter of credit in which some or all of the proceeds are assigned from the original beneficiary to one or more additional beneficiaries.
American Terms (Marine Insurance) A term used to differentiate between the conditions of American Policies from those of other nations, principally England.
An electronic system allowing customhouse brokers and importers to interface via computer with the US Customs Service for transmitting entry and entry summary data on imported merchandise.
The electronic system of the US Customs Service, encompassing a variety of industry sectors that permits online access to information in selected areas.
The electronic system allowing a manifest inventory to be transmitted to the US Customs Service data center by carrier, port authority, or service center computers.
British Airports Authority
Baltic Air Charter Association
The difference between a country's total imports and exports; if exports exceed imports, a favorable balance of trade exists, if not, a trade deficit is said to exist.
Trade in which merchandise is exchanged directly for other merchandise without the use of money. Barter is an important means of trade with countries using currency that is not readily convertible.
(See Break-Bulk Cargo)
Freight accommodation below the main deck.
A firm or person on whom a letter of credit has been drawn. The beneficiary is usually the seller or exporter.
An agreement concluded in 1946 between the U.K. and the U.S., designed to regulate future international air traffic. Most governments accept its principles and follow it inter alia by limiting traffic rights on international routes to one or two carriers.
Is the place beside a pier, quay, or wharf where a vessel can be loaded or discharged.
This is a regularly scheduled steamship line with regularly published schedules (port of call) from and to defined trade areas.
This is an expression covering assessment of ocean freight rates generally implying that loading and discharging expenses will be for ship owner's account, and usually apply from the end of ship's tackle in the port of loading to the end of ship's tackle in the port of discharge.
A document that establishes the terms of a contract between a shipper and a transportation company under which freight is to be moved between specified points for a specified charge. Usually prepared by the shipper on forms issued by the carrier, it serves as a document of title, contract of carriage, and a receipt for goods.
A warehouse storage area or manufacturing facility in which imported goods may be stored or processed without payment of customs duties.
The customs tariff number used by most European nations. The United States does not use the BTN, but a similar system known as the Harmonize Tariff Schedule.
Is the Civil Aviation Authority. The government body responsible for regulating U.K. airlines.
Can have two meanings in the industry
CAD The acronym meaning "cash against documents," a method of payment for goods in which documents transferring title are given to the buyer upon payment of cash to an intermediary acting for the seller.
CAD/CAM Computer-Aided Design/Computer-Aided Manufacturing.
The transporting of goods by truck to or from a vessel, aircraft, or bonded warehouse, all under customs custody.
Is merchandise/commodities/freight carried using transportation.
This is a receipt of cargo for shipment by a consolidator (used in ocean freight).
A customs document permitting the holder to carry or send merchandise temporarily into certain foreign countries (for display, demonstration, or similar purpose) without paying duties or posting bonds.
The term Carrier(s) Container(s) or Shipper(s) Container(s) means containers over which the carrier or the shipper has control either by ownership or by the acquisition thereof under lease or rental from container companies or container suppliers or similar sources. Carriers are prohibited from purchasing, leasing, or renting shipper owned containers.
A public or privately owned firm or corporation that transports the goods of others over the land, sea, or through the air, for a stated freight rate. By government regulation, a common carrier is required to carry all goods offered if accommodations are available and the established rate is paid.
This is an association of several independent national or international business organizations that regulates competition by controlling the prices, the production, or the marketing of a product or an industry.
Payment for goods in which the price is paid in full before shipment is made. This method is usually used only for small purchases or when the goods are built to order.
Payment for goods in which a commission house, or another intermediary, transfers title documents to the buyer upon payment in cash.
Is a Customs Centralized Examination Facility.
This is a certificate required by some countries as proof of the quality and composition of food products or pharmaceuticals. The required analysis may be made by a private or government health agency. The certificate must be legalized by a foreign consul of the country concerned, as is the case with such similar certificates as the phytosanitary certificate.
A document certifying that the goods were in apparently good condition immediately before shipment.
A statement in which a producer specifies where his goods were manufactured, certifies that manufacturing has been completed, and confirms that the goods are at the buyer's disposal.
A statement signed by the exporter, or his agent, and attested to by a local Chamber of Commerce, indicating that the goods being shipped, or a major percentage of them, originated and were produced in the exporter's country.
Is a Customs Examination Station
Is a quoted price includes the cost of goods and freight.
Is a quoted price includes the cost of goods and insurance.
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.
The term CFS/CFS means cargo delivered by break-bulk to Carrier's CFS to be packed by Carrier into containers and to be unpacked by Carrier from the container at Carrier's destination port CFS.
The term CFS/CY means cargo delivered break-bulk to Carrier's CFS to be packed by Carrier into containers, accepted by the consignee at Carrier’s CY, and unpacked by the consignee off Carrier's premises, all at consignee's risk and expense.
The term CFS Charge means the charge assessed for services performed at the loading or discharging port in packing or unpacking of cargo into/from containers at CFS.
The term "CFS Receiving Services" means the service performed at the loading port in receiving and packing cargo into containers from CFS to CY or shipside. "
Seller is responsible for inland freight, ocean/air freight, and marine/air insurance to the port of final entry in the buyer's country. The buyer is responsible for inland transportation to his or her location.
Rate for goods where volume exceeds six cubic meters to the tonne.
Originally meant a flight where a shipper contracted hire of an aircraft from an airline. Has usually come to mean any non-scheduled commercial service.
The contract between the owner of a ship and the individual or company chartering it. Among other specifications, the contract usually stipulates the exact obligations of the ship-owner (loading the goods, carrying the goods to a certain point, returning to the charterer with other goods, etc.); or it provides for outright leasing of the vessel to the charterer, who then is responsible for his loading and delivery. In either case, the charter party sets forth the exact conditions and requirements agreed upon by both sides.
A bill of lading issued under a charter party. It is not acceptable by banks under letters of credit unless so authorized in the credit.
A wheel assembles including bogies constructed to accept mounting of containers.
The acronym meaning "cash in advance," a method of payment for goods whereby the buyer pays the seller in advance of shipment of goods.
Is a quoted price includes the cost of goods, insurance, and freight.
Committee on International Trade of Endangered Species.
A class of goods or commodities is a large grouping of various items under one general heading. All items in the group make up a class. The freight rates that apply to all items in the class are called class rates.
This is a customs term. The placement of an item under the correct number in the customs tariff for duty purposes. At times, this procedure becomes highly complicated; it is not uncommon for importers to resort to litigation over the correct duty to be assessed by the customs on a given item.
This is a bill of lading, which has exemptions to the receipt of merchandise in "apparent good order" noted.
This is a bill of lading, which covers goods received in "apparent good order and condition" and without qualification.
This is a draft to which no documents have been attached.
Centimeters
All documents (commercial invoices, bills of lading, etc.) submitted to a buyer for receiving payment for a shipment. Commercial Risk: Risk carried by the exporter (unless insurance is secured) that the foreign buyer may not be able to pay for goods delivered on an open account basis.
A letter of credit, issued by a foreign bank, with validity confirmed by a U.S. bank. An exporter who requires a confirmed letter of credit from the buyer is assured of payment by the U.S. bank even if the foreign buyer or the foreign bank defaults.
A group of vessel operators joined together to establish freight rates.
Ship designed to accommodate containers and roll-on roll-off cargo. It can be self-sustaining.
Designated to accommodate three types of cargo, usually self-sustaining.
A published code designed to reduce the total number of words required in a cablegram.
An official authorized by the U.S. Treasury to determine the proper tariff and value of imported goods.
Person or firm to whom goods are shipped under a bill of landing.
A formal statement, made to the consul of a foreign country, describing goods to be shipped.
A document, required by some foreign countries, describing a shipment of goods and showing information such as the consignor, consignee, and value of the shipment. Certified by a consular official of the foreign, it is used by the country's customs office to verify the value, quantity, and nature of the shipment
Is an aircraft with pallet or container capacity on its main deck as well as in its belly holds.
Container/Break-bulk vessel - this type of ship accommodates both container and break-bulk cargo. It can be either self-sustaining or non-self sustaining.
An itemized list of goods shipped, usually included among an exporter's collection papers.
A firm or individual that transports persons or goods for compensation.
The taking and holding of private property by a government or an agency acting for a government. Compensation may or may not be given to the owner of the property.
The individual or company, to whom a seller or shipper sends merchandise and who, upon presentation of necessary documents, is recognized as merchandise owner to declare and pay customs duties.
A symbol laced on packages for identification purposes; generally consisting of a triangle, square, circle, diamond, cross, with letters and/or numbers as well as port of discharge.
Is the physical transfer of goods from a seller (consignor) with whom the title remains, to another legal entity (consignee) who acts as a selling agent, selling the goods and remitting the net proceeds to the consignor.
A term used to describe any person who consigns goods to himself or another party in a bill of lading or equivalent document. A consignor might be the owner of the goods or a freight forwarder who consigns goods on behalf of his principal.
An arrangement whereby various shippers pool their boxed goods on the same shipment, sharing the total weight charge for the shipment.
An agent, which brings together several shipments for one destination to qualify for preferential airline rates.
The name for an agreement under which several nations or nationals (usual corporations) of more than one nation, join together for a common purpose. It could be for the management or exploitation of a natural resource, as in the case of some international petroleum consortiums.
A government official residing in a foreign country, charged with representing the interests of his or her country and its nationals.
Special forms signed by the consul of a country to which cargo is destined.
A document, required by some foreign countries, describing a shipment of goods and showing information such as the consignor, consignee, and value of the shipment. Certified by a consular official of the foreign country, it is used by the country's customs officials to verify the value, quantity, and nature of the shipment.
The term container means a single rigid, non-disposable dry cargo, insulated, temperature-controlled flat rack, vehicle rack portable liquid tank, or open-top container without wheels or bogies attached, having not less than 350 cubic feet capacity, having a closure or permanently hinged door that allows ready access to the cargo (closure or permanently hinged door not applicable to flat rack vehicle rack or portable liquid tank). All types of containers will have constructions, fittings and fastenings able to withstand without permanent distortion, all the stresses that may be applied in normal service use of continuous transportation. All containers must bear manufacturer's specifications.
Ocean going ship designed to carry containers both internally and on deck. Some are self-sustaining.
This is a concept for the ultimate unitizing of cargo used by both steamship lines and air cargo lines. Containers allow a greater amount of cargo protection from weather, damage, and theft.
Many types of air cargo containers are offered: The containers are designed in various sizes and irregular shapes to conform to the inside dimensions of a specific aircraft.
Are designed to be moved inland on its chassis and can be loaded at the shipper’s plant for shipment overseas. Basic types of containers are; dry van, open-top, half-high, hi-cube, flat rock, tank container, refrigerated container, insulated container, tilting container. Average outside dimensions are generally 20, 35, and 40 feet in length, 8 feet wide, and 8 feet high standard.
This is an annual customs bond insuring compliance with all regulations and requirements.
Is a charge levied by carriers selling capacity forward over a given route to a shipper of forwarder; the client is therefore assured of capacity, which must be paid for regardless of the load carried.
An informal group of 15 western countries was established to prevent the export of certain strategic products to potentially hostile nations.
A bank that, in its own country, handles the business of a foreign bank.
Is a reciprocal trading arrangement, which includes a variety of transactions involving two or more parties.
Is a special duties imposed on imports to offset the benefits of subsidies to producers or exporters of the exporting country.
Insurance designed to cover risks of nonpayment for delivered goods.
Is a warehouse where imported goods may be stored for a total of three years without the payment of duty or taxes.
An individual or firm licensed to enter and clear goods through Customs.
Is the court to which importers might appeal or protest decisions made by Customs officers.
Is a schedule of charges assessed by the federal government on imported goods.
Is an agreement between two or more countries in which they arrange to abolish tariffs and other import restrictions on each other's goods and establish a common tariff for the imports of all other countries.
The acronym meaning "cash with order," a method of payment for goods where cash is paid at the time of order and the transaction becomes binding on both buyer and seller.
The term CY means the location designated by Carrier in the port terminal area for receiving, assembling, holding, storing and delivering containers, and where containers may be picked up by shippers or re-delivered by consignees. No container yard (CY) shall be a shipper's, consignees, NVOCC's, or a forwarder's place of business, unless otherwise provided.
The term CY/CFS means containers packed by shipper of carrier's premises and delivered by shipper to Carrier's CY, all at shipper's risk and expense and unpacked by Carrier at the destination port CFS.
The term CY/CY means containers packed by shipper off Carrier's premises and delivered by shipper to Carrier's CY and accepted by consignee a t Carrier's CY and unpacked by consignee off Carrier's premises, all at the risk and expense of cargo.
Articles or substance capable of posing a significant risk to health, safety or property, and that ordinarily require special attention when being transported.
Dangerous articles tariff.
Draft that matures in a specified number of days after the date it is issued, without regard to the date of Acceptance.
Department of Civil Aviation. Commonly used term to denote the government department of any foreign country that is responsible for aviation regulation and granting traffic rights.
Is a sector flown without payload.
Is freight charges paid by the charterer of vessel for the contracted space, which is left partially unoccupied.
Is cargo carried on deck rather than stowed under deck. On deck carriage is required for certain commodities, such as explosives.
Type of letter of credit providing for payment sometime after presentation of shipping documents by exporter.
The return of a portion of the freight charges by a carrier or a conference shipper in exchange for the shipper giving all or most of his shipments to the carrier or conference over a specified period of time (usually 6 months). Payment of the rate is deferred for a further similar period, during which the shipper must continue to give all or most of his shipments to the rebating carrier or conference. The shipper thus earns a further rebate which will not, however, be paid without an additional period of exclusive or almost exclusive patronage with the carrier of conference. In this way, the shipper becomes tied to the rebating carrier or conference. Although, the deferred rebate system is illegal in U.S. foreign commerce, it generally is accepted in the ocean trade between foreign countries.
A penalty for exceeding free time allowed for loading or unloading at a pier or freight terminal. Also a charge for undue detention of transportation equipment or carriers in port while loading or unloading.
Density means pounds per cubic foot. The cubage of loose articles or pieces, or packaged articles of a rectangular, elliptical or square shape on one plane shall be determined by multiplying the greatest straight line dimensions of length, width and depth in inches, including all projections, and dividing the total by 1728 (to obtain cubic feet). The density is the weight of the article divided by the cubic feet thus obtained.
Delivered ex quay/duty paid.
Any of various statements that the U.S. government requires to be displayed on export shipments and that specify the destination for which export of the shipment has been authorized.
Dead Freight
Dangerous Goods Requirement.
(Dimensionalized Weight) Determined by calculating length x width x height and dividing by 166. Charged when actual weight is less than the dim weight.
When cargo is delivered to a steamship company at the pier, the receiving clerk issues a dock receipt.
Instructions given by a shipper to a bank indicating that documents transferring title goods should be delivered to the buyer (or drawee) only upon the buyer's acceptance of the attached draft.
Department of Transportation
An unconditional order in writing from one person (the drawer) to another (the drawee), directing the Drawee to pay a specified amount to a named Drawer at a fixed or determinable future date.
A U.S. customs law that permits an American exporter to recover duties paid on imported foreign raw materials or components included in products that are subsequently exported out of the United States.
The individual or firm on whom a draft is drawn and who owes the stated amount to the drawer.
The rental of a "clean" aircraft without crew, ground staff or supporting equipment.
The acronym meaning "double stack train" service, which is the transport rail between two points of a trainload of containers with two containers, one on top of the other, per chassis.
Deadweight (tons of 2,240 lbs.)
Deadweight for cargo
Except as otherwise noted.
Electronic Data Interchange for Administration, Commerce and Transport, from the UN-backed electronic data interchange standards body, to create electronic versions of common business documents that will work on a global scale. One digital document under consideration, the International Forwarding and Transport Message will do the jobs of six different electronic messages currently in use.
Results from an aircraft primarily chartered outbound having cargo capacity inbounds or vice versa. A cheap form of airfreight.
Commonly used on a bank check, an endorsement in blank is an endorsement to the bearer. It contains only the name of the endorser and specifies no particular payee. Also, a common means of endorsing bills of lading dawn to the order of the shipper. The bills are endorsed "For..."
U.S. dollars on deposit outside of the United States to include dollars on deposit at foreign branches of U.S. banks, and dollars on deposit with foreign banks.
Signifies that the quoted price applies only at the indicated point of origin (e.g. "price ex-factory" means that the quoted price is for the goods available at the factory gate of the seller).
Exchange bill of lading.
The individual who brings together buyer and seller for a fee, eventually withdrawing from any transaction.
A form to be completed by the exporter or their authorized agent and filed in triplicate by a carrier with the United State Collector of customs at the point of exit. It serves a twofold purpose:
A document secured from a government, authorizing an exporter to export a specific quantity of a particular commodity to a certain country. An export license is often required if a government has place embargoes or other restrictions upon exports. See General Export License.
A corporation or other business unit organized and operated primarily for the purpose of exporting goods and services, or of providing export related services to other companies.
Premium-rated service for urgent deliveries.
(Nautical) Conversion equivalents: 6 feet; 1.83 meters.
Full container load, full car load.
Free of capture and seizure.
Free of capture, seizure, riots and civil commotions.
Freight and demurrage.
Forty foot equivalent
International Federation of Freight Forwarders Associations.
Where cargo is carried by an airline between two countries in neither of which it is based.
Free in bunkers; free into barge.
An airline of one national registry whose government gives it partial or total monopoly over international routes.
Free of damage
An article folded in such a manner as to reduce its bulk 33 1/3% from its normal shipping cubage when not folded.
The title of a standard clause found in marine contracts exempting the parties for nonfulfillment of their obligations by reasons of occurrences beyond their control, such as earthquakes, floods or war.
A free port in the United Stated divorced from Customs authority but under Federal control. Merchandise, except that which is prohibited, may be stored in the zone without being subjected to the United States tariff regulation. Also called Free Trade Zone.
A form declaring goods which are brought duty free into a Foreign Trade Zone for further processing or storage and subsequent exportation.
An independent business that dispatches shipments for exporters for a fee. The firm may ship by land, air, or sea, or it may specialize. Usually it handles all the services connected with an export shipment; preparation of documents, booking cargo space, warehouse, pier delivery and export clearance. The firm may also handle banking and insurance services on behalf of a client. The U.S. forwarder is licensed by the Federal Maritime Commission for ocean shipments.
A receipt for goods issued by a carrier with an indication that the goods were damaged when received
Free of Particular Average, American Conditions- (Marine Insurance Term). The American form of clause commonly used, as distinguished from that used by the English underwriters. Under the American clause the underwriter does not assume responsibility for partial losses unless caused by stranding, sinking, burning or collision with another vessel whereas under the English clause, the underwriter assumes responsibility for partial losses if the vessel be stranded, sunk, burnt or in collision even though such an event did not actually cause the damage suffered by the goods.
Free of Particular Average (Marine Insurance Term). A term used in marine insurance policies to indicate that while the underwriter is unwilling to assume liability for ordinary partial losses due to the peculiar qualities of the particular article or to its form of package, he is willing to bear partial losses, the direct result of stranding, sinking, burning, collision, or other named peril
Quoted price includes the cost of delivering the goods alongside a designated vessel.
Cost of loading a vessel is borne by the charterer.
Cost of loading and unloading a vessel is borne by the charterer.
An insurance clause providing that loss is not insured if due to capture, seizure, confiscation and like actions, whether legal or not , or from such acts as piracy, civil war, rebellion and civil strife.
A marine insurance clause providing that partial loss or damage is not insured American conditions (F.P.A.A.C.). Partial loss is not insured unless caused by the vessel being sunk, stranded, burned, on fire, or in collision. English conditions (F.P. A.E.C.). Partial loss not insured unless a result of the vessel being sunk, stranded, burned, on fire, or in collision.
Cost of unloading a vessel is borne by the charterer.
A port which is a foreign trade zone, open to all traders on equal terms; more specifically a port where merchandise may be stored duty-free, pending re-export or sale within that country.
A port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, within the zone and re-exported without duties being paid. Duties are imposed on the merchandise (or items manufactured from the merchandise) only when the goods pass from the zone into an area of the country subject to the Customs Authority.
An individual or company, acting on the behalf of a shipper, who arranges all necessary details of shipping and documentation for a manufacturer or exporter, which includes employing the services of a carrier of carriers.
Group of stevedores usually 4 to 5 members with supervisor assigned to a hold or portion of the vessel being loaded or unloaded.
Port of entry into a country or region.
General Agreement on Tariffs and Trade, a multilateral treaty intended to help reduce trade barriers and promote tariff concessions.
General Cargo Rate. The basic tariff category, which was introduced to cover most air cargo, now covers only a minority, the remainder being under SCR or class rates.
When damage to cargo on board a vessel exceeds carrier's insurance, carrier will release cargo only with an acceptance agreement to claim only a general percentage of all the damage sustained.
Any of various export licenses covering export commodities for which validated export licenses are not required. No formal application or written authorization is needed to ship exports under a general export license.
Government contract warehouse for the storage of cargoes left unclaimed for ten working days after availability. Unclaimed cargoes are auctioned publicly after one year.
Entire weight of goods, packing, and container,, ready for shipment.
Gross Weight.
General Sales Agent acting on behalf of an airline. Usually Broker or Forwarder.
An internationally accepted and uniform description system for classifying goods for customs, statistical and other purposes.
A key provision of the recently signed trade bill, effective Jan. 1, 1989, that establishes international uniformity for product classifications. Most U.S. Trading partners adopted it a year earlier, and it was drafted in Brussels a decade ago with U.S. representatives' input. In essence, it is a new tariff schedule in that it changes methods of rating some items.
The cover of - or opening- in the deck of a vessel, through which cargo is loaded.
Freight too heavy to be handled by regular ship's tackle.
Specifically designed to be self-sustaining with heavy lift cranes, to handle unusually heavy and/or out-sized cargoes.
An air waybill issued by a freight consolidator. See Air Waybill.
A central location to which traffic from many cities is directed and from which traffic is fed to other areas.
A short ton hundredweight = 100 pounds. Long ton hundredweight = 112 pounds.
Term used by steamship lines, agents, or port captains who are appointed to handle all matters in assisting the master of the vessel while in port to obtain bunkering, fresh water, food and supplies, payroll for the crew, doctor’s appointments, hip repair, etc.
International Air Transport Association.
International Civil Aviation Organization. A specialized agency of the United Nations, with headquarters in Montreal. Its task is to promote general development of civil aviation (e.g. aircraft design and operation, safety procedures, contractual agreements).
International Chamber of Commerce
Intermodal Container Transfer Facility, an on-dock facility for moving containers from ship to rail or truck.
Institute of Freight Forwarders.
Container designed to occupy full main deck width of carrying aircraft.
A certificate, issued by countries exercising import controls that permits importation of the articles stated in the license. The issuance of such a permit frequently is connected with the release of foreign exchange needed to pay for the shipment for which the import license has been requested.
A customs program for inland ports that provide for cargo arriving at a seaport to be shipped under a Customs bond to a more conveniently located inland port where the entry documents have been filed. Customs clears the shipment there, and the cargo is trucked to its destination, which normally is close to the inland port.
A move by whereby a member of a shipping conference elect to depart from the specific service rates set forth by the conference, giving ten calendar days notice of such action. The conference member's new schedule of rate, or rates, officially takes effect no later than ten days after receipt of notice y the conference.
Some steamship lines publish in their schedules the name of a port and the words by inducement in parentheses. This means the vessel will call at the port if there is sufficient amount of profitable cargo available and booked.
A transportation line which hauls export or import traffic between ports and inland points.
Including particular average
A document certifying that merchandise (such as perishable goods) was in good condition immediately prior to shipment.
Forwarder, which uses own aircraft, whether owned or leased, rather than scheduled airlines.
Ownership of the legal rights to possess, use or dispose of products created by human ingenuity, including patents, trademarks and copyrights.
Mutual agreement between airlines to link their route network.
Referring to the capacity to go from ship to train to truck, or the like, the adjective generally refers to containerized shipping or the capacity to handle same.
International Standard Organization also referred to as the International Organizational for Standardization.
A codification of terms used in foreign trade contracts that are maintained by the International Chamber of Commerce.
The additional costs incurred while manufacturing and preparing a product for export (e.g., product modifications, special export packaging and export administration costs.) This does not include the costs to manufacture a standard domestic product, export crating and transportation to the foreign market.
A letter of credit with a fixed expiration date that carries the irrevocable obligation of the issuing bank to pay the exporter when all of the terms and conditions of the letter of credit have been met.
Jettison and washing overboard
Goods from a ship's cargo, or parts of its equipment, that have been thrown overboard to lighten the load in time of danger, or to set a stranded ship adrift.
A form of business partnership involving joint management and the sharing of risks and profits between enterprises sometimes based in different countries.
The principle of production and inventory control in which goods arrive when needed for production or use.
Knocked down in carload lots
An article taken apart, folded, or telescoped to reduce its bulk at least 66 2/3% below its assembled size.
Knocked down in less than carload lots.
An article taken apart, folded or telescoped in such a manner as to reduce its bulk at least 33 1/3% below its assembled bulk.
The unit of speed equivalent to one nautical mile, or 6,080.20 feet per hour or 1.85 kilometers per hour.
A document issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms. Issued as revocable or irrevocable.
Loss and damage
Cargo or equipment to which an identifying marker or buoy is fastened, thrown over-board in time of danger to lighten a ship's load. Under maritime law if the goods are later found they must be returned to the owner whose marker is attached; the owner must make a salvage payment.
Lighter Aboard Ship (see Lighter)
Designed to load internally, barges specifically designed for the vessel. The concept is to quickly float the barges to the vessel (using tugs or ships wenches) load these barges through the rear of the vessel, then sails. Upon arrival at the foreign port, the reverse happens; Barges are quickly floated away from the vessel and another set of waiting barges quickly are loaded. Designed for quick vessel turn-around. Usually crane-equipped; handles mostly break-bulk cargo.
The dates between which a chartered vessel is to be available in a port for loading of cargo.
Less than container load; less than car load.
The weight of the goods plus any immediate wrappings which are sold along with the goods: e.g., the weight of a tin can as well as its contents.
Rates applicable when the quantity of freight is less than the volume or truckload minimum weight.
A document issued by a bank at a buyer's request honoring debt obligations to the seller upon receipt of the document.
An open or covered barge equipped with a crane and towed by a tugboat. Used mostly in harbors and inland waterways.
The cost of loading or unloading a vessel by means of barges alongside.
The word "liner" is derived from the term "line traffic" which denotes operation along definite routes on the basis of definite, fixed schedules; a liner thus is a vessel that engages in this kind of transportation, which generally involves the haulage of general cargo as distinct from bulk cargo.
The finalization of a customs entry.
Common farm animals.
Leakage and breakage.
Capacity sold as against capacity available, expressed as a percentage.
The acronym meaning "lift-on,lift-off," denoting the method by which cargo is loaded onto and discharged from an ocean vessel, which in this case is by the use of a crane.
Long ton (2240 lbs.).
Lighterage
Less than truckload
The exporter receives guaranteed payment from the confirming bank in the U.S. upon presentation of the sight draft and documents required by the letter of credit.
A list of the goods being transported by a carrier.
An insurance which will compensate the owner of goods transported overseas in the event of loss which cannot be legally recovered from the carrier.
A US government agency, while not actively involved in vessel operation, administers laws for maintenance of merchant marine for the purposes of defense and commerce.
As used on containers in foreign trade, a symbol or initials shown together with the port of importation and the final destination, if different. Marks are registered at appropriate customs houses; they also appear on bills of lading and invoices. In domestic trade, it is common to mark containers with the name and address of the recipient, but this is rarely done in foreign trade.
Every article of foreign origin, or its container, imported into the United States shall be permanently marked in a conspicuous place in a manner which would indicate to the ultimate purchaser the English name of the country of origin of the article.
Receipt of cargo by the vessel, signed by the mate
The measurement ton (also known as the cargo ton or freight ton) is a space measurement, usually 40 cubic feet or one cubic meter. The cargo is assessed a certain rate for every 40 cubic feet or 1 cubic meter it occupies.
Minimum bill of lading
Mercantile marine
Designation for countries which receive preferential tariff rates. This is no longer the best tariff structure available.
Mate's Receipt
Metric Ton (2204 lbs.)
Empty
Motor vessel
Minimum weight factor
A flag carrier owned or controlled by the state.
Not elsewhere mentioned (English)
Not elsewhere specified
Three or more different sizes of an article are placed within each other so that each article will not project above the next lower article by more than 33 1/3% of its height.
Three of more different sizes of an article are placed within each other so that each article will not project above the next lower article by more than 1/4 inch.
Free of charters' commission
(Actual Net Weight) Weight of goods alone without any immediate wrappings; e.g., the weight of the contents of a tin can without the weight of the can.
National Motor Freight Classification
Document provided by scheduled or national airlines of many countries declaring no objection to a proposed charter flight operated by another airline. Often demanded by government authorities before they grant permission for a charter flight to take place.
Sum of money paid by a charter airline normally to a scheduled airline in order that it waives its right of objection to its government, thus allowing a charter to take place. Tantamount to a bribe. The amount is usually a fixed percentage of the gross cost of a charter. Common practice in the Middle East and Africa.
Not otherwise enumerated
Not otherwise herein provided
Not more specifically described
Not otherwise indicated by number; Not otherwise indicated by name.
See scheduled flight.
Economic, political, administrative or legal impediments to trade other than duties, taxes and import quotas
An F.M.C. registered cargo consolidator of small shipments in ocean trade, generally soliciting business and arranging for or performing containerization functions at the port. These carriers issue their own bill of lading referred to as a house bill of lading.
Not otherwise specified
Net tons
A receipt for cargo in transit, and a contract between the exporter and an ocean carrier for transportation and delivery of goods to a specified party at a specified foreign destination. Issued after the vessel has sailed and the cargo has been entered in the ship's manifest.
Outside diameter
An acronym commonly used for the term "operating differential subsidy," which is a payment to an American-flag carrier by the federal government to offset the difference in operating costs between US and foreign vessels.
Describes an airline that sells in a market to which it does not operate. An Off-Line carrier will use another operator to link with its network.
Order notify; own name
Order of
A high-risk trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment.
A cargo insurance policy that is an open contract; i.e., it provides protection for all an exporter's shipments afloat or in transit within a specified geographical trade area for an unlimited period of time, until the policy is cancelled by the insured or by the insurance company. It is "open" because the goods that are shipped are also detailed at that time. This usually is shown in a document called a marine insurance certificate.
Customers who incorporate the exporter's product into their own merchandise for resale under their own brand names.
Owner's risk
Ocean and Rail
Owner's risk or breakage
Owner's risk of deterioration
Owner's risk of fire or freezing
Owner's risk of leakage
Owner's risk of becoming wet
Over, short and damage
A receipt for cargo in transit, and a contract between the exporter and an ocean carrier for transportation and delivery of goods to a specified party at a specified foreign destination. Issued after the vessel has sailed and the cargo has been entered in the ship's manifest.
Outside diameter
An acronym commonly used for the term "operating differential subsidy," which is a payment to an American-flag carrier by the federal government to offset the difference in operating costs between US and foreign vessels.
Describes an airline that sells in a market to which it does not operate. An Off-Line carrier will use another operator to link with its network.
Order notify; own name
Order of
A high-risk trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment.
A cargo insurance policy that is an open contract; i.e., it provides protection for all an exporter's shipments afloat or in transit within a specified geographical trade area for an unlimited period of time, until the policy is cancelled by the insured or by the insurance company. It is "open" because the goods that are shipped are also detailed at that time. This usually is shown in a document called a marine insurance certificate.
Customers who incorporate the exporter's product into their own merchandise for resale under their own brand names.
Owner's rise
Ocean and Rail
Owner's risk or breakage
Owner's risk of deterioration
Owner's risk of fire or freezing
Owner's risk of leakage
Owner's risk of becoming wet
Over, short and damage
Particular average
Port of Arrival Immediate Release and Enforcement Determination. A U.S. Customs program that allows entry documentation for an import shipment to be filed at one location, usually an inland city, while the merchandise is cleared by Customs at the port of entry, normally a seaport. May be ineffective with certain types of high-risk cargoes, such as quota-regulated textiles or shipments from drug-production regions. Cities where there is a natural flow of cargo are actually "paired" in the program; e.g., Atlanta, an inland city, is linked with Savannah, a seaport. Tested in '87-'88, it became generally available in mid- '88.
Load carrying platform to which loose cargo is secured before placing aboard the aircraft.
Fashionable metal or cardboard device to increase pallet capacity.
Under ABI, certain commodities from low-risk countries not designated for examination may be released through an ABI-certified broker without the actual submission of documentation.
Where part of an airline's scheduled flight is sold as if it were a charter in its own right (Often wrongly used as a synonym for split charter).
Where a part of an aircraft's load is discharged at one destination and a part of it at another. This is distinct from a split charter where a number of consignments are carried to the same destination. Inbound, part loads are treated as single entity charters under the regulations of most countries.
Partial loss or damage to goods.
Most losses covered by a marine insurance policy come within the comprehensive expression "perils of the sea," which refers to damage caused by heavy weather, stranding, striking on rocks or on bottom, collision with other vessels, contacts with floating objects, etc.
Any cargo that loses considerable value if it is delayed in transportation (Usually refers to fresh fruit and vegetables).
A certificate issued by the U.S. Department of Agriculture indicating that a shipment has been inspected and is free of harmful pests and plant diseases.
As used in marine insurance policies, the term denotes petty thievery, the taking of small parts of a shipment, as opposed to the theft of a whole shipment or large unit. Many ordinary marine insurance policies do not cover against pilferage, and when this coverage is desired, it must be added to the policy.
That weight of a ULD above which a higher tariff applies; in effect, an incentive to maximize cargo density.
A particular street address or other designation of a factory, store, warehouse, place of business, private residence, construction camp or the like, at a point.
The term "Place of Rest" as used in the Containerized Cargo Rules means that location on the floor, dock, platform or doorway at the CFS to which cargo is first delivered by shipper or agent thereof.
A particular city, town, village or other community or area, which is treated as a unit for the application of rates.
A government body (city, county or state) which in international shipping maintains various airports and/or ocean cargo pier facilities, transit sheds, loading equipment warehouses for air cargo, etc. Has the power to levy dockage and wharfage charges, landing fees, etc.
An identifying set of letters numbers and/or geometric symbols followed by the name of the port of destination, which are placed on export shipments. Foreign government requirements may be exceedingly strict in the matter of port marks.
Port where vessel is off loaded and cargo discharges.
A port at which foreign goods are re-admitted into the receiving country.
Port where cargo is loaded aboard the vessel lashed and stowed.
A document that authorizes a customs broker to sign all customs documents on behalf of an importer.
Preliminary advice that a letter of credit has been established in the form of a brief authenticated wire message. It is not an operative instrument and is usually followed by the actual letter of credit.
Generally speaking, freight charges both in ocean and air transport may be either prepaid in the currency of the country of export or they may be billed collect for payment by the consignee in his local currency. However, on shipments to some countries freight charges must be prepaid because of foreign exchange regulations of the country of import and/or rules of steamship companies or airlines.
Cargo shipped already in a cargo sling or net. Usually prepared and loaded at pier ready for arrival of vessel and subsequent loading (i.e. coffee in bags, coconut shells, etc).
An invoice prepared by the seller in advance of shipment that documents the cost of goods sold, freight, insurance, and other related charges. It is often used by the buyer to secure a letter of credit, an import license or a foreign currency allocation.
Latin, "on first appearance." A term frequently encountered in foreign trade. When a steamship company issues a clean bill of lading, it acknowledges that the goods were received "in apparent good order and condition" and this is said by the courts to constitute prima facie evidence of the conditions of the containers; that is, if nothing to the contrary appears, it must be inferred that the cargo was in good condition when received by the carrier.
When used with the title of a document, the term refers to an informal document presented in advance of the arrival, or preparation of the required document, in order to satisfy a customs requirement.
A number assigned by the carrier to a single shipment, used in all cases where the shipment must be referred to. Usually assigned at once.
Add-on service in express market, delivered either by phone or courier. Often offered free.
Customs form 19 allows for a refund of an overpayment of duty if filed within 90 days of liquidation.
Packed weight
Rail and Canal
Reconsigner
Riots and civil commotions
Riots, civil commotions and strikes
A deduction taken from a set payment or charge. As a rebate is given after payment of the full amount has been made, it differs from a discount which is deducted in advance of the payment. In foreign trade, a full or partial rebate may be given on import duties paid on goods which are later re-exported.
A practice by which governments extend similar concessions to one another.
A letter of credit that allows the exporter to receive a percentage of the face value of the letter of credit in advance of shipment. This enables the exporter to purchase inventory and pay other costs associated with producing and preparing the export order.
Refrigerating; Refrigeration
Registered Tonnage
Action taken by a country to restrain its imports from another country that has increased a tariff or imposed other measures that adversely affects the firsts country's exports.
Direct drive on/drive off wheeled vehicles on specially-designed ocean-going vessels.
an established air passage, from point of departure to terminating station.
a charge on charter flights levied by some governments before traffic rights are granted. Sometimes called a "no objection fee." Usually a fixed proportion of a total charter value.
Rescue of goods from loss at sea or by fire; also, goods so saved, or payment made or due for their rescue.
A statement signed by a health organization official certifying the degree of purity, cleanliness, or spoilage of goods, and the health of live animals.
Refers to "Schedule B, Statistical Classification of Domestic and Foreign Commodities Exported from the United States." Being replaced under the Harmonized System.
Any service that operates to a set timetable.
Specified Commodity Rate. Applied to narrowly specified commodities. Usually granted on relatively large shipments. Theoretically is of limited time duration.
Distance between two ground points within a route.
Vessel has its own cranes and equipment mounted on board for loading/unloading. Used in ports where shore cranes and equipment are lacking.
The defined, regular pattern of calls made by a carrier in the pick-up and discharge of cargo.
A contract between a shipper and an ocean carrier of conference, in which the shipper makes a commitment to provide a minimum quantity of cargo over a fixed time period.
Articles in their assembled condition
Shipping and forwarding agent.
Freight tendered to a carrier by one consignor at one piece at one time for delivery to one consignee at one place on one bill of lading.
Term used to describe exporter. Mostly manufacturing companies.
A form required by the Treasury Department and completed by a shipper showing the value, weight, consignee, destination, etc., of export shipments as well as Schedule B identification number.
An instrument in writing containing a list of the shipments comprising the cargo of the vessel.
All rigging, etc., utilized on a ship to load or discharge cargo.
Cargo manifested but not loaded.
A non-scheduled flight carrying the cargo of one shipper.
A draft payable upon presentation to the drawee. Compare date draft and time draft.
Stopped in Transit
A particular platform or location for loading or unloading at a place.
Shipper's Load and Count
Shipper's Load and Tally
Shipping Note
Ship Owner 'Liability
Where a number of consignments from different shippers are carried on the same non-scheduled aircraft. Under U.K. regulations a nonscheduled flight chartered by a single forwarder or agent on behalf of a number of shippers is still classified as a split charter. Under U.S. regulations, a forwarder chartered flight is classified as a single entity although it can consolidate.
Shipping Receipt
Strikes, riots, and civil commotions.
Steamship; steam powered ship (Steam driven turbines)
A standard numerical code system developed by the United Nations to classify commodities used in international trade.
A duly appointed and authorized representative in a specified territory acting in behalf of a steamship line or lines and attending to all matters relating to the vessels owned by his principals.
Company is usually composed of the following departments; vessel operations, container operations, tariff department, booking, outbound rates, inward rates and sales. the company can maintain its own in country U.S.
offices to handle regional sales, operations and/or other matters or appoint steamship agents to represent them doing same. Some lines have liner offices in several regions and have appointed agents in others.
The lacing of cargo in a vessel in such a manner as to provide the utmost safety and efficiency for the ship and the goods it carries.
An insurance clause referring to loss or damage directly caused by strikers, locked-out workmen, persons participation in labor disturbances, and riots of various kinds. The ordinary marine insurance policy does not cover this risk; coverage against it can be added only by endorsement.
An economic benefit granted by a government to producers of goods or services, often to strengthen their competitive position.
A provision in marine insurance obligating the assured to do things necessary after a loss to prevent further loss and to act in the best interests of the insurer.
A bond insuring against loss or damage or for the completion of obligations.
An insurance company
Shipper's weights
List of cargo, incoming and outgoing, checked by Tally clerk on dock.
The weight of the container and/or packing materials only - excluding the weight of the goods inside the container.
A general term for any listing of rates, charges, etc. the tariffs most frequently encountered in foreign trade are: tariffs of the international transportation companies operating on sea, on land, and in the air; tariffs of the international cable, radio, and telephone companies; and the customs tariffs of the various countries, which list goods that are duty free and those subject to import duty, giving the rate of duty in each case. There are various classes of customs duties.
Through bill of lading
Any cargo requiring carriage under controlled temperature.
Twenty foot equivalent.
Where cargo is carried by an airline, from the country in which it is based, to a foreign country.
Temporary Import Entry.
A draft that matures in a certain number of days, either from acceptance or date of the draft.
The passing of title to exported goods is determined in large measure by the selling terms. For example, if an exporter sells goods c.i.f he may be presumed to pass ownership and tender of documents. However, he may ship on a bill of lading drawn to his own order, to prevent the buyer from gaining possession of the goods until the draft is paid or accepted. In this case he retains a security title to the goods; that is, a title for security purposes only, until the financial arrangement is carried out. Caution: depending on the laws of the buyer's country, you may not be able to force passage of title without payment having been received or the buyer having accepted delivery of the goods or a clear understanding by the buyer being understood and accepted.
Truckload
Freight rates for liner cargo generally are quoted on the basis of a certain rate per ton, depending on the nature of the commodity. This ton, however, may be weight ton or a measurement ton.
Indicates the carrying capacity of the ship in terms of the weight in tons of the cargo, fuel, provisions and passengers, which a vessel can carry.
The weight of the volume of water, which the fully loaded ship displaces.
Measure of airline freight capacity.
Indicates the cubical contents or burden of a vessel in tons of 100 cubic feet. The space within a vessel in units of 100 cubic feet.
A carrier's system of recording movement intervals of shipments from origin to destination.
A term used to define a geographic area or specific route served by carriers.
Rate-fixing machinery operated by IATA.
A tramp is a vessel that does not operate along a definite route on a fixed schedule, but calls at any port where cargo is available.
A letter of credit that allows all or a portion of the proceeds to be transferred from the original beneficiary to one or more additional beneficiaries.
The transfer of a shipment from one carrier to another in international trade, most frequently from one ship to another. In as much as the unloading and reloading of delicate merchandise is likely to cause damage, transshipments are avoided whenever possible.
The number expressing the maximum radiation level in a package of ULD.
Truckload rates apply where the tariff shows a truckload minimum weight. Charges will be at the truckload minimum weight unless weight is higher.
Release of merchandise by a bank to a buyer for manufacturing or sales purposes in which the bank retains title to the merchandise.
Capital construction projects in which the supplier (contractor) designs and builds the physical plant, trains the local personnel on how to manage and operate the facility and presents the buyer with a self-sustaining project (all the buyer has to do is "turn the Key").
United Kingdom Air Cargo Club.
Unit Load Device. Pallet or Container for freight.
A bill containing reservations as to the good order and condition of the goods, or the packaging, or both. Examples: "bags torn;" "drums leaking;" "one case damaged;" "rolls chafed."
The packing of single or multiple consignments into ULDs or pallets.
Organization, which negotiates international mail charges.
A sales or consumption tax which the end user pays. Typically, this is a "hidden" tax, added to the list price of the goods in question.
Transportation charges assessed shippers who declare a value of goods higher than value of carrier's' limits of liability.
Vessel
An invoice properly validated by the Minister of Trade in regard to quota entries.
Used when calculating airfreight when the size of the carton is greater than the average weight, calculated by multiplying the length times the width times the height and dividing by 166.
With Average
A receipt of commodities deposited in a warehouse, identifying the commodities deposited. It is non-negotiable if permitting delivery only to a specified person or firm, but it is negotiable if made out to the order of a person or firm or to a bearer. Endorsement (without endorsement if made out to bearer) and delivery of a negotiable warehouse receipt serves to transfer the property covered by the receipt serves to transfer the property covered by the receipt. Warehouse receipts are common documents in international banking.
A clause in marine insurance policy whereby the underwriter agrees to cover the goods while in transit between the initial point of shipment and the point of destination, with certain limitations, and also subject to the law of insurable interest. When it was first introduced, the warehouse-to warehouse clause was extremely important, but now its importance is diminished by the marine extension clauses, which override its provisions.
The possible aggressive actions against a ship and its cargo by a belligerent government. This risk can be insured by a marine policy with a risk clause.
Insurance issued by marine underwriters against war-like operations specifically described in the policy. In former times, war risk insurance was taken out only in times of war, but currently many exporter cover most of their shipments with war risk insurance as a protection against losses from derelict torpedoes and floating mines placed during former wars, and also as a safeguard against unforeseen warlike developments. In the United states, war risk insurance is written in a separate policy from the ordinary marine insurance; it is desirable to take out both policies with the same underwriter in order to avoid the ill effects of a possible dispute between underwriters as to the cause (marine peril or war peril) of a given loss.
Gross - The weight of the goods including packing, wrappers, or containers, internal and external. The total weight as shipped.
This means that the rate will be assessed on either a weight ton or measurement ton basis, whichever will yield the carrier the greater revenue. As example, the rate may be quoted on the basis of 2,240 pounds or 40 cubic feet or of 1 metric ton or 1 cubic meter.
Net weight of goods, plus inside packing.
Payload achieved as against available, expressed as a percentage. Cargo is frequently limited by volume rather than weight; load factors of 100% are rarely achieved.
An arrangement for renting an aircraft under which the owner provides crews, ground support equipment, fuel and so on (of dry lease).
Weight guaranteed
A charge assessed by a pier or dock owner against the cargo or a steamship company for use of the pier or dock.
Weighing and Inspection
A marine insurance term meaning that shipment is protected for partial damage whenever the damage exceeds a stated percentage.
A term indicating shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented. See advisory capacity.
An insurance term meaning that partial loss or damage of goods is insured. Generally must be caused by sea water. Many have a minimum percentage of damage before payment. May be extended to cover loss by theft, pilferage, delivery, leakage, and breakage.
Weight and/or measurement
With Particular Average
Warehouse receipt
War Risk
Extra Heavy
Extra strong
Double extra heavy
Double extra strong
York-Antwerp Rules - A code of rules adopted by an international convention in 1890, amended in 1924 and again in 1950, for the purpose of establishing a uniform basis for adjusting general average. Certain nationalities decline to observe certain of the rules adopted. United States shipping interests generally abide by general rule "F" and numbered rules 1 to 15 and 17 to 22, inclusive and specifically set this forth in a Bill Of Lading Clause.
Revenue, not necessarily profitable, per unit of traffic.
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