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Common Industry Terms

ADD/CVD Anti Dumping Fees
(additional duties imposed by importing country where imports are priced less than exporter's domestic market.)
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 to 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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