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ETA is also used metaphorically in situations where nothing actually moves physically, as in describing the time estimated for a certain task to complete (e.g. work undertaken by an individual; a computation undertaken by a computer program; or a process undertaken by an organization).
The ATA Carnet, often referred to as the "Passport for goods", is an international customs document that permits the tax-free and duty-free temporary export and import of nonperishable goods for up to one year. It consists of unified customs declaration forms which are prepared ready to use at every border crossing point.
This term means that the seller delivers the goods to the buyer to the named terminal in the contract of sale, unloaded from the main carriage vehicle. The seller is responsible for making a safe delivery of goods to the named terminal, paying all transportation and export and transit customs clearance expenses.
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FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
Ever wonder what smh means in text? There are far too many text abbreviations to know, so we've gathered the most popular ones to make your ultimate guide!
Paul Maslansky, a producer behind films such as “Police Academy” and “Return to Oz,” died on Monday of natural causes at a hospital in Los Robles, Calif. He was 91. Maslansky collaborated ...
A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates.