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The Incoterms® agreement defines the method by which goods are paid and handled between the seller and buyer.

The last free day is the last day of free storage.

In a container consolidated with cargo from numerous shippers with the same destination where many shippers’ goods occupy a single container, each shipper&#...

Document issued by a bank per instructions of a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the r...

A Letter of Indemnity (LOI) is a document provided by the shipper stating that the shipper will be held responsible for any harm or loss caused by a breach ...

Maximal indemnity per package or per kilo payable by the carrier to the holder of the Bill of Lading, in compensation of damages to goods. This limitation d...

Terms indicating if handling at the port of loading and/or port of discharge is included in the freight.

A notify party is any person or entity that is notified of cargo arriving at its destination by a carrier.

Carriers may apply PSS surcharges during periods of high demand.

Per Diem, also known as detention, is a fee charged for each extra day the container is away from the port.