Shipping and Logistics Glossary for Global Trade

A Blocked Space Agreement (BSA) is a contract between a freight forwarder and an airline. It secures a fixed amount of air cargo space on specific flights. This pre-booked space...

Deconsolidation is the process of breaking down a consolidated shipment, usually involving LCL (Less than Container Load) cargo. At origin, freight forwarders consolidate multiple LCL shipments into a single container....

Detention, also called per diem, is a fee that carriers charge when the shipper or consignee keeps a container beyond the allowed free time. While demurrage applies to delays inside...

A Customs Procedure Code (CPC) is an alphanumeric code used by customs authorities, such as HMRC in the UK. These codes indicate the reason for an import or export and...

A Contract of Carriage is a legally binding agreement between a shipper and a carrier that outlines the terms and conditions for transporting cargo. This contract is often negotiated directly...

The country of origin refers to the country where a product is manufactured, assembled, or substantially transformed. It plays a crucial role in international trade by affecting import duties, trade...