Glossary

A customs declaration is a formal document that importers or exporters submit to customs authorities. It details the type, quantity, value, and origin of goods entering or leaving a country....

Cost, Insurance, and Freight (CIF) is an Incoterm used in international trade. Under CIF, the seller pays for the cost of goods, marine insurance, and freight to deliver the cargo...

A carrier is a company or individual responsible for physically transporting goods in international trade. It includes shipping lines (for sea freight), airlines (for air freight), and trucking firms (for...

Cargo insurance provides financial protection against loss or damage to goods during international shipping by sea, air, or land. Importers and exporters use it to safeguard their shipments against risks...

Carriage Paid To (CPT) is an Incoterm where the seller pays for transporting the goods to a named destination. Meanwhile, the risk will transfer to the buyer once the seller...

A Commercial Invoice is a critical document in international shipping issued by the seller. It outlines the goods sold, their value, quantity, and terms of sale. Customs authorities use it...