As a freight forwarder, it is important to have a strong understanding of the industry and its
terminology. Here are some key terms and phrases that you should know:
1. Freight forwarder: A company that arranges the transportation of goods from one place to another.
2. Bill of lading: A document that outlines the details of a shipment, including the type and quantity of goods being transported, the destination, and the name of the carrier.
3. Containerization: The process of packing goods into containers for transport on ships or in other modes of transportation.
4. Incoterms: International commercial terms used in the import and export of goods. They include rules for determining the responsibilities of buyers, sellers, and carriers in the event of damage, loss, or delay in transit.
5. Air waybill: A document issued by an airline that confirms the details of a flight, including the passenger(s) and their luggage, as well as the departure and arrival times and locations.
6. Carrier: A company that provides air or sea transportation services.
7. Port of origin: The location where a shipment begins its journey.
8. Port of destination: The location where a shipment is scheduled to arrive or will be delivered after transit.
9. Free trade zone: A geographical area that has lower tariffs and other trade barriers than other regions, allowing goods to move more easily between countries without paying additional taxes or fees.
10. Customs clearance: The process of obtaining permission to import or export goods through a government agency, typically involving filling out paperwork and paying taxes or duties on the goods.
By familiarizing yourself with these key terms and phrases, you can better communicate with
other professionals in the industry and ensure that your shipments are handled smoothly
and efficiently.
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