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Glossary of Export-Import Terms


AWB - Air Waybill
D/C - Documentary Credit (also known as L/C)
CFR - Cost & Freight
CIF - Cost, Insurance & Freight (Price of products including insurance and cost of freight up to certain destination port.)
CNF/C&F - Cost & Freight (Price of products including cost of freight up to certain destination port.)
ETA - Expected Time of Arrival
FCL - Full Container Load
FOB - Free On Board (Price of products including freight cost up to the port of origin.)
GSP - Generalized System of Preference
HAWB - House Air Waybill
H.S. Code - Harmonized System Code
Incoterms - International Commercial Terms
L/C - Letter of Credit (also known as D/C)
LCL - Less than Container Load. (or, Less than Carload Lot.)
MAWB - Master Air Waybill
MOQ - Minimum Order Quantity
PB - Performance Bond (also known as Performance Guarantee)
PG - Performance Guarantee (also known as Performance Bond)
PI - Proforma Invoice
PSI - Pre-Shipment Inspection
TT - Telegraphic Transfer (Wire Transfer)



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