Shipping Glossary for Freight, Customs and Logistics

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...

Chinese New Year (CNY), also known as the Lunar New Year or Spring Festival, is the most important holiday in China. It marks the beginning of the lunar calendar and...

Countervailing duties (CVDs) are special tariffs imposed on imported goods that benefit from subsidies provided by foreign governments. These duties help neutralize the unfair pricing advantage and protect domestic industries...