What are they? Shipping Documents encompass a diverse set of paperwork and records that accompany goods during the transportation process, providing a comprehensive trail of information from the point of origin to the final destination. These documents facilitate and regulate the movement of goods across borders, ensuring compliance with regulations and serving as crucial proof…
What is it? A Packing List stands as a meticulously detailed document outlining the granular specifics of a shipment’s contents. It itemizes each product or item being transported, encompassing quantities, dimensions, weights, packaging information, and any essential handling instructions. This document serves as a fundamental component of the shipping process, providing a comprehensive snapshot of…
EXIM Custom Declaration explained. EXIM (Export-Import) Custom Declaration refers to the formal documentation required by customs authorities when goods cross international borders. It encompasses a detailed declaration submitted by exporters or importers, outlining specific information about the shipped goods in adherence to customs regulations and trade laws. How does it work? Regulatory Compliance: Exporters and…
What is it? A Commercial Invoice is a comprehensive document issued by the seller (exporter) to the buyer (importer) detailing the goods sold in an international trade transaction. It serves as a formal request for payment and provides a detailed breakdown of the goods, prices, terms of sale, and other essential transactional information. Function and…
What is it? A Certificate of Origin (COO) is an official document issued by an authorized body, verifying the country of origin of goods being exported. It attests that the goods originated from a specific country, confirming their place of production or manufacture. This certificate serves as a vital component of international trade documentation, essential…
What is it? An Arrival Notice is a formal communication issued by the carrier or shipping agent to the consignee or receiver of goods. It serves as notification of the impending arrival of a shipment at its destination port or warehouse. This notice typically includes crucial details about the shipment and prompts the consignee to…
Inventory Reduction: One of the key benefits of cross-docking is its potential to reduce the need for extensive warehouse storage. By bypassing or minimizing storage in favor of quick transfers, it lowers carrying costs and mitigates the risks associated with overstocking or holding obsolete inventory. Supply Chain Optimization: In an era marked by rapid shifts…
What is it? A chassis, in the context of transportation and logistics, refers to the framework or structural undercarriage of a vehicle, typically excluding the body and cabin. It serves as the foundation to which various components, such as the engine, transmission, wheels, and cargo containers, are attached. How it helps? Structural Integrity: The chassis…
What is it? Estimated Time of Departure (ETD) is a fundamental term in logistics and transportation, representing the anticipated moment when a shipment or vehicle is scheduled to initiate its journey from a specific origin point, such as a warehouse, manufacturing facility, or distribution center. How it helps? Strategic Planning: ETD facilitates strategic planning within…
Definition: DDU, or Delivered Duty Unpaid, is an international trade term that outlines the responsibilities, costs, and risks associated with the delivery of goods from the seller to the buyer. As part of the Incoterms (International Commercial Terms), DDU specifies that the seller is responsible for delivering the goods to a named destination in the…