Shipping is all about abbreviations and terms and can be both daunting and frustrating when you don’t understand the language. We thought we would try and make life easier by explaining and answering some of the questions we get frequently asked. If you have a question please drop us a line so we can answer it, although it must be related in some way to what we do at PSP Logistics! So today we will start with 3 questions which we hope will be of use to you.
- What is a commercial invoice?
When used for freight, a commercial invoice is used as a customs declaration document when exporting a product across international borders. The information must include details on which companies/persons are involved in the shipping transaction, the type of goods being moved, the country of origin (manufacture) and the goods tariff code. A commercial invoice must also include a statement certifying that the invoice is true, and a signature
- What are dangerous goods?
You may think that dangerous goods are simply weapons and explosives but the term covers many more products that you probably don’t associate with the word dangerous! Anything from lithium batteries, aerosols, paint, engines (that fuel has run through) can all be classed as dangerous goods and each has its own specification/class.
When you are shipping dangerous goods you need to supply a MSDS (Material Safety Data Sheet) which is provided by the manufacturer and the quantities. With this info we can let you know which mode of transport the cargo may take and what it can be packed with. Some goods simply cannot be freighted on commercial aircraft including explosives and fireworks. All goods must be professionally and correctly packed. If you have questions please contact our dangerous goods expert Alex.
- What is an incoterm?
Incoterms (International Commercial Terms) is an international trade language used to clearly define the trading responsibilities/tasks of both the seller and the buyer. This is a series of three letter terms related to common contractual sales practices. They are intended to remove any uncertainties when trading with overseas markets that may arise from misinterpretation. For a list and explanation of the most commonly used incoterms drop us an email. It’s vital that you chose the right incoterm to suit your needs.