What is a Carnet?

What is a Carnet?

by | Feb 7, 2012 | Supply Chain Dictionary

car·net [kahr-ney; Fr. kar-ne]  Definition – a customs document permitting the temporary importation of certain goods to foreign countries without paying customs duty.  A carnet acts as a passport for cargo. History – Carnet originated in 1895 as the French term...
What you need to know about drayage

What you need to know about drayage

by | Jan 25, 2012 | Supply Chain Dictionary

There are more than a million drayage movements in North America every single year. Drayage is a ubiquitous and vital component of logistics. But what is drayage, and how does it fit into your shipping needs? Drayage is short-form transport of goods between different...

What is LCL?

by | Oct 18, 2011 | Supply Chain Dictionary

Definition – Less than Container Load. A term used to describe the transportation of small ocean freight shipments not requiring the full capacity of an ocean container – Usually less than 20 CBM (cubic meters). A freight forwarder may create a...

What is a TEU in shipping?

by | Oct 13, 2011 | Supply Chain Dictionary

As one of the main pillars of global trade, maritime shipping, accounts for approximately 80% of goods shipped today. In 2020, over 200 countries had ports open to container ships, generating record global container port volumes of ~800 million containers. These ports...