Freight terms, explained
A quick guide to the terms used throughout the platform.
- AI
- Artificial intelligence
- CRM
- Customer relationship management
- TMS
- Transportation management system
- ERP
- Enterprise resource planning
- RFQ
- Request for quotation
- NVOCC
- Non-vessel-operating common carrier
- BCO
- Beneficial cargo owner
- FCL
- Full container load
- LCL
- Less than container load
- LTL
- Less than truckload
- BL
- Bill of lading
- HBL
- House bill of lading
- MBL
- Master bill of lading
- AWB
- Air waybill
- HAWB
- House air waybill
- MAWB
- Master air waybill
- PO
- Purchase order
- ETA
- Estimated time of arrival
- WIP
- Work in progress
- AR
- Accounts receivable
- AP
- Accounts payable
- FX
- Foreign exchange
- THC
- Terminal handling charge
- FOB
- Free on board
- 40HC
- 40-foot high-cube container
- CBM
- Cubic meters
- BI
- Business intelligence
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