Shipping and Logistics Glossary for Global Trade

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...

Bunker fuel refers to the fuel used to power ships in international maritime transport. The term dates back to the coal-powered era when vessels stored fuel in bunkers. Today, it...

A brokerage fee is a charge imposed by a broker or brokerage firm for facilitating services such as executing trades or providing research and trading platforms.In customs and logistics, a...

A barge is a flat-bottomed, non-self-propelled vessel primarily used for transporting goods via inland waterways such as rivers and canals. Because it lacks an engine, a barge must be towed...

A Binding Tariff Information (BTI) decision is an official classification of goods issued by the Taxation and Customs Union of the European Union (EU). This written decision assigns a specific...