Glossary

The modern shipping container was invented in the 1950s by Malcolm P. McLean, a U.S. trucking entrepreneur. He revolutionized global trade by enabling containers to be lifted directly from trucks...

A customs broker is a licensed professional or agency that assists importers and exporters in complying with customs regulations and procedures. They prepare and submit required documentation, calculate duties and...

Customs and Border Protection (CBP) is a federal agency under the U.S. Department of Homeland Security. Established in 2003, CBP manages the flow of international trade and travel in the...

CBM stands for Cubic Meter, a standard unit of volume commonly used in shipping and logistics. One cubic meter equals the volume of a space measuring 1 meter in length...

A Container Freight Station (CFS) is a warehouse facility near a port that manages less-than-container-load (LCL) cargo. Shippers use a CFS to consolidate multiple small shipments before export or to...

A buyer refers to the individual, business, or organization that purchases goods from a seller, typically as part of a cross-border trade transaction. Key responsibilities of a buyer: Payment of...