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Glossary of terms
FIOS — Free in/out (loading/discharging is at consigner’s cost);
FIFO — Free in/Free out (vide FIOS);
FILO— Free in/Liner out (loading is at consigner’s cost, discharging is at liner cost);
LIFO— Liner in/Free out (loading is at liner cost, discharging is at consigner’s cost);
LILO — Liner in/out (loading and discharging is at liner cost).
Depending on the shipping line or a particular port practice the different surcharges can be added to rate:
CAF ( Currency Adjustment Factor ) — is a fee applied to the shipping costs to compensate for exchange rate fluctuations;
BAF ( Bunker Adjustment Factor ) — refers to floating part of sea freight charges which represents additions due to oil prices;
Wharfage is a port duty;
CUC ( Chassis Using Charge ) — is a duty for using chassis;
Documentaition Fee — is a duty for executing documents, etc.
Bill of Lading The document which covers transport by sea. Signed by the carrier, whether a shipping line or a freight forwarder, it serves as a receipt to the consignor for the goods, as evidence of the contract of transport containing the conditions of transport, and as a document of title by which possession of the goods can be transferred.
Commercial Invoice – is a document used in foreign trade. It is used as a customs declaration provided by the person or corporation that is exporting an item across international borders. Although there is no standard format, the document must include a few specific pieces of information such as the parties involved in the shipping transaction, the goods being transported, the country of manufacture, and the Harmonized System codes for those goods. A commercial invoice must also include a statement certifying that the invoice is true, and a signature.
Packing List (also known as a bill of parcel, unpacking note, packaging slip, (delivery) docket, delivery list, manifest or customer receipt, shipping list) is a document which details the contents, and often dimensions and weight, of each package or container. It serves to inform all parties involved with shipping, including transport agencies, government authorities, and customers, about the contents of the package. It helps them deal with the package accordingly.
Certificate of Origin is a certificate stating the country of origin of the goods. Depending on the importing country’s requirements, this can be as simple as being issued by the seller or the manufacturer. In most cases however, it is required to be issued by a Chamber of Commerce in the country of origin.
Republic of Moldova, Chisinau
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