Shipping and Logistics Glossary for Global Trade

Cross-docking is a logistics strategy in which inbound goods are quickly unloaded and directly transferred to outbound transport with minimal or no storage time. This approach reduces handling, speeds up...

A customs bond is a financial guarantee required by customs authorities to ensure the payment of duties, taxes, and fees on imported goods. Without a valid bond, customs may hold...

A chassis split occurs when a container and its required chassis are located at different facilities. In this case, the trucking company must retrieve the chassis from a separate location,...

A container load refers to cargo transported in a shipping container. There are two main types:Full Container Load (FCL): A single shipper uses the entire container.Less than Container Load (LCL):...

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...