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What does bdu mean in shipping terms?
In shipping terms, "BDU" stands for "Billed Delivery Unit." It refers to the unit of measurement used for billing purposes, typically indicating how cargo or freight is quantified for shipping costs. The BDU can help logistics companies determine rates based on volume or weight, ensuring accurate pricing for transportation services.
What does OCF mean in shipping terms?
In shipping terms, OCF stands for "Operational Cash Flow." It refers to the cash generated from a company's regular business operations, which is crucial for maintaining day-to-day activities, including shipping logistics. OCF is an important metric for assessing the financial health of a shipping company, as it indicates the ability to cover operational expenses and invest in growth without relying on external financing.
What does ciffo mean in the shipping terms?
In shipping terms, "CIF" stands for "Cost, Insurance, and Freight." It refers to a pricing structure where the seller is responsible for the costs of transporting goods to the buyer's destination, including insurance and freight charges. The seller must pay for the shipping and insurance until the goods reach the specified port of destination, after which the responsibility transfers to the buyer. This term is commonly used in international trade contracts.
What does PrePay and Add mean in Freight Terms?
In freight terms, "PrePay" refers to the arrangement where the shipper pays for transportation costs before the shipment is dispatched. This typically ensures that the carrier is compensated upfront, reducing the risk of payment issues. "Add" generally means additional charges or fees that may be applied to the base shipping cost, such as for fuel surcharges or handling fees. Together, these terms help clarify the financial responsibilities involved in the shipping process.
What does PO Number mean in shipping terms?
A PO Number, or Purchase Order Number, is a unique identifier assigned to a purchase order, which is a document created by a buyer to authorize a purchase transaction. In shipping terms, it helps streamline the order fulfillment process by linking the shipment to the specific order details, making it easier to track and manage inventory. This number ensures that both the buyer and supplier can reference the same order for communication and record-keeping.
What does terms of PAD mean in shipping?
I am looking what does mean PAD in Shipping freight terms
What does add mean in shipping terms?
it means to take care of the shipping and respect the terms
What does CIS mean in shipping terms?
CIS: Chinese International Shipping
What does cnf mean in shipping terms?
cnf
What does CRF mean in shipping terms?
CIF
What does PM4 mean in shipping terms?
pm4
What does tt mean in shipping terms?
Telegraphic Transfer.
What does COB mean in shipping terms?
Cargo OnBoard
What does NOR mean in shipping terms?
Notice of readiness
What does Terminal SEC mean in shipping terms?
SEC
What does DAT in shipping terms mean?
Delivered at terminal
What does it mean by C and F in shipping terms?
C is for cost (value before shipping) and F is for freight/shipping.
