Glossary of Export-Import Terms


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 up to certain 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)