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CFS and CY in Trade Terminology: Meanings and Differences | Global Trade Words CFS and CY in Trade Terminology: Meanings and Differences  CFS (Container Freight Station) Meaning and Definition CFS stands for Container Freight Station, referring to facilities for cargo handling, unpacking, and storage. Typically located at ports or logistics centers, CFS provides a place for shippers to store and process goods imported or exported. It usually offers various logistics servic.. [EN] All About Business/Economics Words 2024. 5. 21.
FCL, LCL shipment Meanings, Significance, and Practical Applications | Global Trade Word Understanding FCL and LCL Terms, Meanings, and Practical Applications in Logistics As mentioned in the previous post on CBM, the precise use of terms and units in logistics and international trade can lead to cost savings and operational efficiency.Similarly, in the field of logistics and international trade, two terms commonly used and playing crucial roles in international logistics transporta.. [EN] All About Business/Economics Words 2024. 5. 10.
Meaning and Practical Use of Logistics Term CBM | Global Trade Word Meaning, Significance, and Practical Use of Trade Logistics Term CBM  In various fields, regardless of the domain, standardization of units is paramount. The lack of standardized units has led to numerous issues, such as the failure of Kimry Glider or the Mars Orbiter.In trade logistics, efficient and precise communication necessitates the use of various units. Today, let's delve into the meanin.. [EN] All About Business/Economics Words 2024. 5. 9.
MOQ Explained: Meaning and Similar Concepts Required for Purchasing Goods | Trade Term Glossary #8 MOQ Explained: Meaning and Similar Concepts Required for Purchasing Goods  MOQ, commonly used in international trade, is a concept you'll inevitably encounter when engaging in global commerce. In fact, understanding and applying MOQ in practice are more crucial than its literal meaning. In this post, let's delve deeply into this topic.  Literal Meaning of MOQ MOQ stands for Minimum Order Quantit.. [EN] All About Business/Economics Words 2024. 5. 6.
Meaning and Practical Use of Trade Contract Documents PI, PO, OC | Global Trade Word Documents Needed for Trade Contracts: Meaning and Practical Use of PI, PO, and OC Like any contract, a trade agreement also requires various documents. Due to spatial and temporal constraints, trade contracts often require more procedures and documents than typical agreements.Today, let's explore the meanings of the most commonly used documents: PI (Proforma Invoice), PO (Purchase Order), and OC.. [EN] All About Business/Economics Words 2024. 5. 6.
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