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Consignee
In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment. Generally, but not always, the consignee is the same as the receiver.
Original Bill of Lading (OBL)
Original Bill of Lading is a document that indicates that the exporter will consign a shipment to an international carrier for transportation to a specified foreign market and defines the terms of the contract of carriage.
Air Waybill (AWB)
An air waybill or air consignment note is a receipt issued by an international airline for goods and an evidence of the contract of carriage, it is a document of title to the goods. Hence, the air waybill is non-negotiable.
What is a Product Sourcing Agent?
A product sourcing agent supports eCommerce companies in procuring raw materials or ready-to-sell products at a competitive price. They play a crucial part in ensuring that a company’s profit margin remains strong. Sourcing agents might represent a ...
Incoterms
Incoterms are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts. They are published by the International Chamber of Commerce (ICC) and are widely used in commercial transactions.