Commercial Terms Frequently Used in Garment Exportation and Importation

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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.)


CNF             - Clearing & Forwarding

ETA              - Expected Time of Arrival

ETD              - Expected Time of Delivery

BL                 - Bill of Loading




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)

BTB L/C      - Back To Back L/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)