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Glossary

Blocked Space Agreement

What is Blocked Space Agreement?

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...
Blocked Space Agreement

What is Deconsolidation in Shipping?

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....
Blocked Space Agreement

What is Detention in Shipping?

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...
Blocked Space Agreement

What is a Customs Procedure Code?

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...
Blocked Space Agreement

What is a Contract of Carriage?

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...
Blocked Space Agreement

What is Country of Origin?

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...

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