The next time you encounter a logistics term or acronym you don't understand, visit our two terminology pages.
Choose the In Brief page for the most complete review of the language used by customs brokers and freight forwarders. For example, this is where you will learn what "Ad Valorem Duty" and "TEU" really mean.
Choose the In Depth page for terms and acronyms that require more explanation, such as the "Harbor Maintenance Fee" in the U.S. and "NRCan, Natural Resources Canada".
Tip #5 – Clarifying the limitations of Incoterms
Don't make the mistake of assuming Incoterms define anything other than the terms of delivery. For example, Incoterms do not cover: