Terms used in freight forwarding such as Blocking or Bracing,Bonded Goods,Bonded Warehouse,Booking

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Terms used in freight forwarding such as Blocking or Bracing,Bonded Goods,Bonded Warehouse,Booking etc.


This post explains about terms used in freight forwarding such as Bill of Resources, Block Train,Blocking or Bracing,Bonded Goods,Bonded Warehouse,Booking,box container,Break Bulk depot,border etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.


Terms used in freight forwarding


Bill of Resources: A listing of resources required by an activity. Resource attributes could include cost and volumes.


Bin: An inventory location which is typically a box or tray used to hold quantities of smaller parts.


Block Train:A number of railway wagons (loaded with containers), departing from a certain place and running straight to a place of destination, without marshalling, transhipping or any coupling or de-coupling of wagons.

Terms used in freight forwarding such as Blocking or Bracing,Bonded Goods,Bonded Warehouse,Booking etc

Blocking or Bracing - Wood or metal supports (Dunnage) to keep shipments in place to prevent cargo from shifting..


BLPC: Bill of Lading Processing Charge is the fee that is charged to prepare your bill of lading


BNKR: Bunker is a fuel surcharge. Bunker refers to the heavy diesel fuel used on the vessel


BOF: Basic Ocean Freight is just the cost of the ocean freight and do not include any other fees


BOL: Bill of Lading. The legal document used to show the method and movement of goods as well as title of goods from shipper to consignee


BOM: See Bill of Materials


Bona Fide:In good faith; without dishonesty, fraud or deceit.


BOND – CANADIAN: Authorization by Canada Customs to qualified companies to allow the movement and storage of goods under Canada Customs control.


BOND – COMMON CARRIER :Authorization by US Customs for the carriage of goods which are under US Customs control


BOND – IT 61: See also CF7512. Immediate Transportation – transport of imported goods from port of arrival to another inland port for customs clearance


BOND – T&E 62: See also CF7512. Transportation and Exportation – allows transport of goods imported into the US from port of arrival to port of export in the US ONLY. The T&E bond is cancelled on export from the US.


BOND – TACM :Transit Air Cargo Manifest – dispensation by US Customs to allow airlines to substitute the MAWB for a CF7512


BOND - The term bond is used in several different ways in importing. There are surety bonds, in-bond, posting bond, and bonded warehouses. Each is very different. Normally, when Customs requires a bond, they mean that a surety bond is needed for the import of the shipment. A surety company allows the broker to prepare a bond which covers U.S. Customs should additional duties or penalties come due on an entry. It insures that Customs will receive their revenue from the surety company if the importer refuses or is unable to pay. The second most common usage for a bond is for shipments which are sent in-bond from one U.S. port to another U.S. port without clearing Customs first.


BOND – TRANSBORDER :Transborder has a Common Carrier Bond authorized by US Customs to allow TBAC to transport bonded goods between ports within the US.


BONDED CARRIER: See Bond – Common Carrier


Bonded Goods -Goods on which the duty has not yet been paid, and which therefore, are under the control of customs; usually in a Bonded warehouse.


BONDED WAREHOUSE - A building authorized by Customs authorities for storage of goods on which payment of duties is deferred until the goods are removed. There are different types of bonded warehouses, depending on the use desired by the owner or lessee.


Bonded Warehouse - A warehouse, section of a warehouse, or secured area designated by U.S. Customs as a bonded warehouse. It is a temporary storage area (limited for five years) for goods until duties are paid or otherwise properly released and the cleared from Customs.


BONDED WAREHOUSE: See also CFS. Common term for CFS – a warehouse authorized by US Customs to store and clear shipments under US Customs control. Payment of duties is deferred until the goods are removed.


Bonded:The storage of certain goods under charge of customs viz. customs seal until the import duties are paid or until the goods are taken out of the country. Bonded warehouse (place where goods can be placed under bond) Bonded store (place on a vessel where goods are placed behind seal until the time that the vessel leaves the port or country again) Bonded goods (dutiable goods upon which duties have not been paid i.e. goods in transit or warehoused pending customs clearance)


Booking - The arrangement of space of cargo in a container (CFS or CY), or as a break bulk or bulk. One would call an international carrier and reserve space for the cargo.


Booking- A reservation, allocation or allotment


Booking Number - Reservation number used to secure equipment and act as a control number prior to completion of a B/L. Confirmation of a booking.


Booking:Arrangement with a freight forwarding or shipping company for the acceptance and cartage of freight.


Booking Reference Number:The number assigned to a certain booking by the carrier or his agent.


BORDER :Refers to an international crossing point between 2 countries – TBAC cross the US Border and also the Canadian Border


Box - Slang term for an ocean container for cargo.


BOX CONTAINER :Kind of shipping container which has on top of a solid metal roof


BREAK BULK - This term refers to the breaking down of a consolidation. Consolidations occur when several shippers share one freight rate, getting a better rate than they would individually. Usually, their cargo is grouped together in one ocean container or air shipping unit (container or pallet). The Break bulk department (typically referring to just air inbound) is responsible for tracking the incoming consolidation and breaking it down according to consignee upon arrival.


Break Bulk Cargo:General cargo conventionally stowed as opposed to unitised, containerised and Roll On-Roll Off cargo.


Break Bulk depot -A depot where containers are unpacked, and cargo is sorted.


Break Bulk Fee- The fee charged by a Breakbulk depot for unpackng, sorting and stacking cargo, either air or sea.


Break Bulk :A term for general cargo. Cargo loaded in bulk inside a vessel as compared to cargo in a container.


BREAK BULK Break bulk : to commence to discharge a bulk cargo. It is sometimes a condition of contract of carriage that freight, or some percentage of it, becomes payable on breaking bulk.


BREAK BULK:Loose cargo, such as cartons, stowed directly in the ship's hold as opposed to containerized or bulk cargo. See "Containerization."


Break Bulk:The movement by ocean of packaged goods that are not containerized.


Break Bulk:To commence discharge. To strip unitised cargo


Break Bulk:To unload and distribute a portion or all of the contents of a rail car, container, or trailer. Loose, non-containerized cargo.


Break-Bulk – A shipment which is either too heavy or has dimensions that are too large for containerised transport.


Break-bulk Cargo:Goods shipped loose in the vessel hold and not in a container.


BREAK-BULK :Disassembling a consolidated shipment for subsequent delivery/onward transfer.


The above details describes about terms called in freight forwarding such as Bill of Resources, Block Train,Blocking or Bracing,Bonded Goods,Bonded Warehouse,Booking,box container,Break Bulk depot,border etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.

Terms used in freight forwarding such as Amended B/L,Clean B/L,Bill of Material,Bill of Material Accuracy


The above information is a part of Export import business Course online

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