{"id":19946,"date":"2023-08-29T17:02:26","date_gmt":"2023-08-29T09:02:26","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=19946"},"modified":"2023-08-29T17:02:44","modified_gmt":"2023-08-29T09:02:44","slug":"sourcing-glossary","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/tips\/sourcing-glossary\/","title":{"rendered":"Sourcing Glossary for Global Traders"},"content":{"rendered":"\t\t
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For global buyers and suppliers, knowing the common sourcing terms in the first place is crucial to effective communications when trading with overseas clients professionally.\u00a0<\/p>

To save you time, we have prepared the following A-Z glossary for your easy reference! Be sure to bookmark this page and refer from time to time:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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A:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

ATA<\/p><\/td>

Actual Time of Arrival<\/p><\/td><\/tr>

ATD<\/p><\/td>

Actual Time of Departure<\/p><\/td><\/tr>

AWB<\/p><\/td>

Air Waybill<\/p><\/td><\/tr>

ASAP<\/p><\/td>

As Soon As Possible<\/p><\/td><\/tr><\/tbody><\/table>

B:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

B\/L<\/p><\/td>

Bill of Lading<\/p><\/td><\/tr>

B2B<\/p><\/td>

Business to Business<\/p><\/td><\/tr>

B2C<\/p><\/td>

Business to Consumer<\/p><\/td><\/tr>

B\/E<\/p><\/td>

Bill of Entry<\/p><\/td><\/tr>

(N\/A)<\/p><\/td>

Balance<\/p><\/td><\/tr>

BAF<\/p><\/td>

Bunker Adjustment Factor<\/p><\/td><\/tr>

B\/R<\/p><\/td>

Bill Rate<\/p><\/td><\/tr><\/tbody><\/table>

C:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

C\/O<\/p><\/td>

Certificate of Origin<\/p><\/td><\/tr>

CIF<\/p><\/td>

Cost, Insurance, and Freight<\/p><\/td><\/tr>

C\/I<\/p><\/td>

Commercial Invoice<\/p><\/td><\/tr>

CIP<\/p><\/td>

Carriage and Insurance Paid<\/p><\/td><\/tr>

CFR<\/p><\/td>

Cost and Freight<\/p><\/td><\/tr>

CBM<\/p><\/td>

Cubic Meter<\/p><\/td><\/tr>

CAD<\/p><\/td>

Canadian Dollar<\/p><\/td><\/tr>

COC<\/p><\/td>

Certificate of Conformity<\/p><\/td><\/tr>

CEU<\/p><\/td>

Forty-foot High Cube Equivalent Unit<\/p><\/td><\/tr>

CY<\/p><\/td>

Container Yard<\/p><\/td><\/tr>

CFS<\/p><\/td>

Container Freight Station<\/p><\/td><\/tr>

CAF<\/p><\/td>

Currency Adjustment Factor<\/p><\/td><\/tr>

CNTR<\/p><\/td>

Container<\/p><\/td><\/tr>

CNTR NO.<\/p><\/td>

Container Number<\/p><\/td><\/tr>

C.S.C<\/p><\/td>

Container Service Charge<\/p><\/td><\/tr>

C\/CNEE<\/p><\/td>

Consignee<\/p><\/td><\/tr>

CHB<\/p><\/td>

Customs House Broker<\/p><\/td><\/tr>

COMM<\/p><\/td>

Commodity<\/p><\/td><\/tr><\/tbody><\/table>

D:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

DDP<\/p><\/td>

Delivered Duty Paid<\/p><\/td><\/tr>

DDU<\/p><\/td>

Delivered Duty Unpaid<\/p><\/td><\/tr>

DAP<\/p><\/td>

Delivered at Place<\/p><\/td><\/tr>

DAF<\/p><\/td>

Delivered at Frontier<\/p><\/td><\/tr>

DEQ<\/p><\/td>

Delivered EX Quay<\/p><\/td><\/tr>

DES<\/p><\/td>

Delivered EX Ship<\/p><\/td><\/tr>

DG<\/p><\/td>

Dangerous Goods<\/p><\/td><\/tr>

D\/A<\/p><\/td>

Documents Against Acceptance<\/p><\/td><\/tr>

D\/P<\/p><\/td>

Documents Against Payment<\/p><\/td><\/tr>

D&D<\/p><\/td>

Demurrage and Detention<\/p><\/td><\/tr>

DL\/DLS<\/p><\/td>

Dollars<\/p><\/td><\/tr>

DOC<\/p><\/td>

Document<\/p><\/td><\/tr>

DOC#<\/p><\/td>

Document number<\/p><\/td><\/tr>

DOZ\/DZ<\/p><\/td>

Dozen<\/p><\/td><\/tr>

D\/O<\/p><\/td>

Delivery Order<\/p><\/td><\/tr>

Disc<\/p><\/td>

Discount<\/p><\/td><\/tr><\/tbody><\/table>

E:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

EXP<\/p><\/td>

Export<\/p><\/td><\/tr>

EA<\/p><\/td>

Each<\/p><\/td><\/tr>

ETA<\/p><\/td>

Estimated Time of Arrival<\/p><\/td><\/tr>

ETD<\/p><\/td>

Estimated Time of Departure<\/p><\/td><\/tr>

(N\/A)<\/p><\/td>

Enc\/Encl\/Attachment<\/p><\/td><\/tr>

EXW<\/p><\/td>

Ex Works<\/p><\/td><\/tr>

EUR<\/p><\/td>

Euro<\/p><\/td><\/tr>

ECRS<\/p><\/td>

Emergency cost recovery surcharge<\/p><\/td><\/tr>

ETC<\/p><\/td>

Estimated Time of Closing<\/p><\/td><\/tr>

EBS<\/p><\/td>

Emergency Bunker Surcharge<\/p><\/td><\/tr>

EBA<\/p><\/td>

Emergency Bunker Adjustment<\/p><\/td><\/tr>

EPS<\/p><\/td>

Equipment Position Surcharges<\/p><\/td><\/tr><\/tbody><\/table>

F:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

FCL<\/p><\/td>

Full Container Load<\/p><\/td><\/tr>

FOB<\/p><\/td>

Free on Board<\/p><\/td><\/tr>

FEU-40<\/p><\/td>

Forty-foot Equivalent Unit<\/p><\/td><\/tr>

FCA<\/p><\/td>

Free Carrier<\/p><\/td><\/tr>

FAS<\/p><\/td>

Free Alongside Ship<\/p><\/td><\/tr>

FAF<\/p><\/td>

Fuel Adjustment Factor<\/p><\/td><\/tr>

FAC<\/p><\/td>

Facsimile<\/p><\/td><\/tr>

Form A<\/p><\/td>

Certificate of Origin<\/p><\/td><\/tr>

F\/F<\/p><\/td>

Freight Forwarder<\/p><\/td><\/tr>

FAK<\/p><\/td>

Freight All Kinds<\/p><\/td><\/tr>

FMC<\/p><\/td>

Federal Maritime Commission<\/p><\/td><\/tr>

FIO<\/p><\/td>

Free ln and Out<\/p><\/td><\/tr><\/tbody><\/table>

G:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

GBP<\/p><\/td>

British Pound<\/p><\/td><\/tr>

GP<\/p><\/td>

General Purpose<\/p><\/td><\/tr>

G.W.<\/p><\/td>

Gross Weight<\/p><\/td><\/tr>

G.S.P.<\/p><\/td>

Generalized System of Preferences<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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H-N<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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H:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

HS Code<\/p><\/td>

Harmonized System Code<\/p><\/td><\/tr>

HBL<\/p><\/td>

House Bill of Lading<\/p><\/td><\/tr>

HC<\/p><\/td>

High Cube<\/p><\/td><\/tr>

H\/C<\/p><\/td>

Handling Charge<\/p><\/td><\/tr><\/tbody><\/table>

I:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

IPO<\/p><\/td>

Initial Public Offering<\/p><\/td><\/tr>

IFA<\/p><\/td>

Interim Fuel Adjustment<\/p><\/td><\/tr>

INT<\/p><\/td>

International<\/p><\/td><\/tr>

IMP<\/p><\/td>

Import<\/p><\/td><\/tr>

I\/S<\/p><\/td>

Inside Sales<\/p><\/td><\/tr>

IA<\/p><\/td>

Independent Action<\/p><\/td><\/tr><\/tbody><\/table>

J:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

JP<\/p><\/td>

Japanese Yen<\/p><\/td><\/tr><\/tbody><\/table>

L:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

LCL<\/p><\/td>

Less than Container Load<\/p><\/td><\/tr>

L\/C<\/p><\/td>

Letter of Credit<\/p><\/td><\/tr>

L\/B<\/p><\/td>

Land Bridge<\/p><\/td><\/tr>

LDP<\/p><\/td>

Landed Duty Paid<\/p><\/td><\/tr><\/tbody><\/table>

M:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

MOQ<\/p><\/td>

Minimum Order Quantity<\/p><\/td><\/tr>

MSDS<\/p><\/td>

Material Safety Data Sheet<\/p><\/td><\/tr>

MBL<\/p><\/td>

Master Bill of Lading<\/p><\/td><\/tr>

MIN<\/p><\/td>

Minimum<\/p><\/td><\/tr>

MV<\/p><\/td>

Merchant Vessel<\/p><\/td><\/tr>

MT<\/p><\/td>

Metric Ton<\/p><\/td><\/tr>

M\/T<\/p><\/td>

Measurement Ton<\/p><\/td><\/tr>

Max<\/p><\/td>

Maximum<\/p><\/td><\/tr>

MLB<\/p><\/td>

Mini Land Bridge<\/p><\/td><\/tr>

Mother Vessel<\/p><\/td>

Mother Vessel<\/p><\/td><\/tr>

MTD<\/p><\/td>

Multimodal Transport Document<\/p><\/td><\/tr><\/tbody><\/table>

N:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

N\/M<\/p><\/td>

No Mark<\/p><\/td><\/tr>

N.W.<\/p><\/td>

Net Weight<\/p><\/td><\/tr>

NOVCC<\/p><\/td>

Non-Vessel Operating Common Carrier<\/p><\/td><\/tr>

N\/F<\/p><\/td>

Notify<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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O-T<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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O:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

OEM<\/p><\/td>

Original Equipment Manufacturer<\/p><\/td><\/tr>

ODM<\/p><\/td>

Original Design Manufacturer<\/p><\/td><\/tr>

O\/F<\/p><\/td>

Ocean Freight<\/p><\/td><\/tr>

O\/T<\/p><\/td>

Open Top<\/p><\/td><\/tr>

ORC<\/p><\/td>

Original Receiving Charge<\/p><\/td><\/tr>

OCP<\/p><\/td>

Overland Continental Point<\/p><\/td><\/tr>

OP<\/p><\/td>

Operation<\/p><\/td><\/tr><\/tbody><\/table>

P:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

PKG<\/p><\/td>

Package<\/p><\/td><\/tr>

PCE\/PCS<\/p><\/td>

Piece\/Pieces<\/p><\/td><\/tr>

PCT<\/p><\/td>

Percentage<\/p><\/td><\/tr>

PUR<\/p><\/td>

Purchase<\/p><\/td><\/tr>

PR<\/p><\/td>

Price<\/p><\/td><\/tr>

PSS<\/p><\/td>

Peak Season Surcharge<\/p><\/td><\/tr>

P\/O<\/p><\/td>

Purchase Order<\/p><\/td><\/tr>

P\/I<\/p><\/td>

Proforma Invoice<\/p><\/td><\/tr>

P\/L<\/p><\/td>

Packing List<\/p><\/td><\/tr>

POD<\/p><\/td>

Port of Destination<\/p><\/td><\/tr>

POL<\/p><\/td>

Port of Loading<\/p><\/td><\/tr>

P\/P<\/p><\/td>

Freight Prepaid<\/p><\/td><\/tr>

PCS<\/p><\/td>

Port Congestion Surcharge<\/p><\/td><\/tr>

PTF<\/p><\/td>

Panama Canal Surcharge<\/p><\/td><\/tr><\/tbody><\/table>

Q:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

QC<\/p><\/td>

Quality Control<\/p><\/td><\/tr>

QA\/QC<\/p><\/td>

Quality Assurance\/Quality Control<\/p><\/td><\/tr><\/tbody><\/table>

R:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

REF<\/p><\/td>

Reference<\/p><\/td><\/tr>

RMB<\/p><\/td>

Renminbi<\/p><\/td><\/tr>

ROHS<\/p><\/td>

Restriction of Hazardous Substances<\/p><\/td><\/tr>

RMA<\/p><\/td>

Return Merchandise Authorization<\/p><\/td><\/tr>

RF<\/p><\/td>

Refrigerated<\/p><\/td><\/tr><\/tbody><\/table>

S:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

S.S<\/p><\/td>

Ship Steam<\/p><\/td><\/tr>

S\/(Shpr)<\/p><\/td>

Shipper<\/p><\/td><\/tr>

S\/R<\/p><\/td>

Selling Rate<\/p><\/td><\/tr>

STL<\/p><\/td>

Style<\/p><\/td><\/tr>

SSL<\/p><\/td>

Steam Ship Line<\/p><\/td><\/tr>

S\/C<\/p><\/td>

Sales confirmation<\/p><\/td><\/tr>

S\/O<\/p><\/td>

Shipping Order<\/p><\/td><\/tr>

S\/M<\/p><\/td>

Shipping Masks<\/p><\/td><\/tr>

SOC<\/p><\/td>

Shipper Owned Container<\/p><\/td><\/tr>

S\/D<\/p><\/td>

Documentation Charge<\/p><\/td><\/tr>

S\/C<\/p><\/td>

Sales Contract<\/p><\/td><\/tr>

S\/B<\/p><\/td>

Customs Declaration<\/p><\/td><\/tr>

S.P<\/p><\/td>

Special Point<\/p><\/td><\/tr>

S\/No<\/p><\/td>

Serial Number<\/p><\/td><\/tr>

S.T.C.<\/p><\/td>

Said To Contain<\/p><\/td><\/tr>

S.W.L<\/p><\/td>

Safe Working Load<\/p><\/td><\/tr>

SHS<\/p><\/td>

Shanghai port Surcharge<\/p><\/td><\/tr>

SDR<\/p><\/td>

Special Drawing Rights<\/p><\/td><\/tr><\/tbody><\/table>

T:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

T\/T<\/p><\/td>

Telegraphic Transfer<\/p><\/td><\/tr>

THC<\/p><\/td>

Terminal Handling Charges<\/p><\/td><\/tr>

TTL<\/p><\/td>

Total<\/p><\/td><\/tr>

T\/TX\/LTX<\/p><\/td>

Telex<\/p><\/td><\/tr>

T\/S<\/p><\/td>

Transship<\/p><\/td><\/tr>

TEU<\/p><\/td>

Twenty-foot Equivalent Unit<\/p><\/td><\/tr>

TDC<\/p><\/td>

Truck Delivery Charge<\/p><\/td><\/tr>

T.O.C<\/p><\/td>

Terminal Operations Option<\/p><\/td><\/tr>

T.R.C<\/p><\/td>

Terminal Receiving Charge<\/p><\/td><\/tr>

TVC\/TVR<\/p><\/td>

Time Volume Contract\/Rate<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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U-Z<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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U:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

U\/M<\/p><\/td>

Under-Mentioned<\/p><\/td><\/tr>

USD<\/p><\/td>

United States Dollar<\/p><\/td><\/tr><\/tbody><\/table>

V:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

VGM<\/p><\/td>

Verified Gross Mass<\/p><\/td><\/tr>

VAT<\/p><\/td>

Value-Added Tax<\/p><\/td><\/tr>

VSL<\/p><\/td>

Vessel<\/p><\/td><\/tr>

Vessel\/Voyage<\/p><\/td>

Vessel\/Voyage<\/p><\/td><\/tr>

VOCC<\/p><\/td>

Vessel Operating Common Carrier<\/p><\/td><\/tr><\/tbody><\/table>

W:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

WT<\/p><\/td>

Weight<\/p><\/td><\/tr>

W\/O<\/p><\/td>

Without<\/p><\/td><\/tr>

W\/H<\/p><\/td>

Warehouse Handling<\/p><\/td><\/tr>

W\/M<\/p><\/td>

Weight or Measurement Ton<\/p><\/td><\/tr><\/tbody><\/table>

Y:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

YAS<\/p><\/td>

Yard Surcharges<\/p><\/td><\/tr><\/tbody><\/table>

Z:<\/h4>

Abbreviation<\/strong><\/p><\/td>

Term<\/strong><\/p><\/td><\/tr>

ZIP<\/p><\/td>

Zone Improvement Plan<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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We hope the above can facilitate a precise usage and understanding of trade terms when engaging in such business activities and negotiations.<\/p>

Meanwhile, start sourcing at our e-Marketplace by clicking below banner:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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For global buyers and suppliers, knowing the common sourcing terms in the first place is crucial to effective communications when trading with overseas clients professionally.\u00a0 … <\/p>\n","protected":false},"author":28,"featured_media":19947,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,362,4],"tags":[],"class_list":["post-19946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-sourcing-trade","category-tips"],"yoast_head":"\nSourcing Glossary for Global Traders - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"For global buyers and suppliers, knowing the common sourcing terms in the first place is crucial to effective communications when trading with overseas\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sourcing.hktdc.com\/newsbites\/sourcing-glossary\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sourcing Glossary for Global Traders - 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