Incoterms® Glossary

Break bulk cargo Conventional, uncontainerized cargo that ships in units of one or in units or packages, such as vehicles, machinery or palletized/boxed cargo.

Bulk cargo Cargo that is composed either of 1) free flowing articles like oil, grain, coal or ore or 2) uniform cargo that stows as solid, such as coils, pipes, sheets of metal, timber and lumber.

Bonded warehouse/terminal A warehouse or terminal approved by the U.S. Treasury Department for storing goods until duties are paid or the goods are released.

Carrier An individual or legal entity that is in the business of transporting goods for hire.

Customs-Trade Partnership Against Terrorism (C-TPAT) A voluntary business initiative to ensure the integrity of the supply chain among importers, carriers, brokers, warehouse operators and manufacturers. It is adminstered by U.S. Customs & Border Protection (CBP).

Customs broker An individual or firm licensed by U.S. Customs & Border Protection to handle a sequence of customs formalities required for the import and export of goods.

Duty A tax levied by a government on the import, export and consumption of goods. Duties are based on the value of goods and factors such as weight and quantity.

Intermodal The coordinated transport of long- haul movements using any combination of modes, freight forwarders or motor carriers.

Multimodal The use of more than one mode of transportation to move goods from origin to final destination.

Ro-Ro vessel A category of ships designed to load and discharge cargo which rolls on wheels such as cars, trucks or locomotives.

Terminal An area which serves as a loading, unloading and transfer point for cargo.

AIT has a robust global logistics network, with over 51 offices worldwide.

See our Global Network