Customs Glossary
Términos técnicos de aduanas y comercio exterior
Free Trade Agreement
Agreement to reduce or eliminate trade barriers between parties.
FOB Price
Goods price on a FOB basis, commonly used in export transactions and commodity trading.
Commercial Invoice
Seller's document stating price, description, quantities, currency, and Incoterm.
Free Carrier
The seller delivers the goods to the carrier designated by the buyer at the agreed location.
Free On Board
The seller delivers the goods on board the vessel; risk transfers to the buyer from that point onward.
Full Container Load
Shipment in which a single client occupies an entire container.
International Freight
Principal cost of international transport of goods.
Freight Forwarder
Cargo agent that coordinates international transport, documentation, and logistics services.
Free Zone
Area with differentiated customs and tax treatment.
Safety Data Sheet
Document providing information on hazards, handling, and transport of substances.
Forty-foot Equivalent Unit (FEU)
Unit of measurement equivalent to a 40-foot container.
Free Time
Free days granted for container use or storage before demurrage or detention charges apply.
Free Alongside Ship
The seller delivers the goods alongside the vessel at the port of shipment.
Currency Adjustment Factor
Surcharge applied to maritime freight rates to offset exchange rate fluctuations.
Freight Collect
Freight payable at destination.
Freight Prepaid
Freight paid at origin.
International Federation of Freight Forwarders Associations
Global organization of freight forwarders and logistics operators.
Food and Agriculture Organization of the United Nations
UN agency linked to food, agriculture, and food security.