FreightAmigo Academy – Shipping Terms

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There are currently 34 terms in this directory beginning with the letter E.
E-Fulfilment
The process of receiving, packaging, and shipping orders. Any company selling products directly to consumers through the internet must deal with fulfilment

E2 | Import Entry Acceptance Advice
Import entry acceptance advice (E2) shows when an import entry is successfully committed and holds the import information from the declaration such as the value, consginee, entry number.

EAN 8
EAN barcodes are used when the country origin needs to be known. There are 8 digits in EAN 8, where the first two characters are used to define the country of origin, the next 5 are data, followed by the checksum. Both 2 and 5 digit supplemental are also supported.

Earnings
Income after a company's taxes and all other expenses have been paid. Also called profit or net income.

Earnings Before Interest
EBITDA is revenue and other income deducting operating cost and other cost

EBS (Emergency Bunker Surcharge)
EBS (Emergency Bunker Surcharge) is implemented by carriers to further cover the cost of rising fuel prices. EBS is implemented on top of BAF (Bunker Adjustment Factor) once fuel (bunker) prices have risen so high that carriers begin to lose profits (i.e. the “emergency”).

Economic Order Quantity (EOQ)
The optimum order size that achieves the best possible balance between meeting order needs and minimized ordering and inventory holding costs.

Economic Value Added (EVA)
A measure of the shareholder value as a company's operating profits after tax, less a charge for the capital used in creating the profits. EVA is a registered trademark of Stern & Co. in the USA.

Economy of Scale
Decrease in unit costs because of increasing Production, so that fixed costs can be spread across more units.

Efficient Consumer Response (ECR)
A consumer-driven system of replenishment in which high-quality products and accurate information flow through a paperless (EDI) system between all distribution points from the manufacturing line to the retail checkout counter.

EIN (Employer Identification Number)
An EIN is a tax ID that the US government uses to identify business entities located in the US. This is used by Customs to associate entities with any of their import or export dealings such as Customs bonds, Customs entries, ISF filings, etc.

EIR
Equipment Interchange Receipt. A document used to receive or deliver a full or empty container/chassis at any terminal or inland container pool/depot.

ELD (Electronic Logging Device)
The ELD allows truckers to log their hours electronically instead of in paper books. The ELD mandate took effect on December 18th, 2017 and brings the possibility of: -Higher trucking rates -Less trucking capacity -Less trucking flexibility -Additional charges

Electronic Data Interchange (EDI)
The automated exchange of any predefined and structured data for business among information systems of two or more organisations. EDI message is an approved, published and maintained formal description of how to structure the data required to perform a specific business function in such a way as to allow for the transfer and handling of this data by electronic means.

Electronic Funds Transfer (EFT)
Payment for goods or services via exchanges of electronic authorisations against bank accounts. Authorisation is sent to an automated clearing house (usually a bank), which verifies the source of the transaction as having control over the accounts, and performs the fund transfer.

Electronic Shipping Instruction (ESI)
Shipper instruction on ocean shipment for creation of BL

Electronic Standard Operating Procedures (ESOP)
A web -based system that supports the creation of client SOPs and links the SOP to required internal/external operational procedures.

Enterprise Resource Planning (ERP)
A resource planning approach that integrates all aspects of forecasting, planning and manufacturing for the purposes of efficiently planning resources. Often also used as a term to describe the systems platforms used to support an enterprise. Some of the largest ERP providers include SAP, Oracle, Microsoft and Infor. Many of our customers use these platforms. We have the knowledge and experience to support integration (EDI messaging) with these platforms.

EORI (Economic Operator Registration and Identification)
An EORI (Economic Operator Registration and Identification) number is how the European Union (EU) identifies business entities. All businesses and people wishing to import into or export out of the EU must use the EORI number as an identification number in all customs procedures when exchanging information with Customs administrations. Traders who are only involved in intra-EU trade do not generally need such a number. The EORI number is an identification number that is used across the EU in a uniform manner. Both domestic as well as foreign entities can apply for an EORI number. Foreign entities will need to use indirect representation to import using their EORI. Foreign entities who make use of a limited fiscal representative will not need an EORI.

Equalisation
1. Monetary allowance to a customer for picking up or delivering cargo to or from a point which is not the origin/destination shown on the B/L. 2. Compensation for additional charges incurred by the shipper for delivering cargo to port designated by the carrier other than the closest port to the supplier.

Equipment Interchange Receipt (EIR)
A document transferring the responsibility of a container from one party to another; to be signed off by both parties. A new document is necessary at each stop where there is such a transfer of responsibility.

Error List (EL)
Report showing discrepancies (errors) in data input.

Estimated Time of Arrival
Estimated times for shipment Arrival and Departure.

Ex works (EXW)
The buyer receives the cargo directly from the factory and thereafter arranges shipment, insurance and other related services themselves.

Expected Receipt Date (ERD)
Expected Receipt Date in MODS is the day the customer/supplier plan to hand the cargo over to Damco CFS.

Export Control Classification Number (ECCN)
An Export Control Classification Number (ECCN) is a five-character alphanumeric key used in the Commerce Control List (CCL) to classify U.S. exports and determine whether an export license is needed from the Department of Commerce. An ECCN categorizes a product based on its commodity, software, or technology. All Export Control Classification Numbers (ECCN) are divided into ten categories within the Commerce Control List (CCL), which are then divided into five product groups. The first character of the ECCN identifies its broader characteristic (e.g. nuclear materials or electronics) and the second character represents its product group (e.g. material or software). The ECCN must be reported if the product falls under the jurisdiction of the Bureau of Industry and Security (BIS) of the US Department of Commerce. Use the following Commerce Control List to determine your product’s ECCN by category and product group.

Export Declaration
An export declaration provides information about the goods being shipped to Customs. This information is used to regulate exports and to compile statistical information on foriegn trade.

Export License
An export license grants someone the right to conduct an export transaction of restricted or controlled commodities. An export license is a type of U.S. export authorization document that grants someone the right to conduct an export transaction of restricted or controlled commodities. Export licenses are most commonly issued by government agencies. In some countries, export licenses are used to control the transfer of foreign exchange or to collect revenue. The exporter is responsible for confirming whether a product requires an export license or not. This can be determined using the Commerce Control List, which lists categories and product groups to determine a product’s ECCN.

Exporter Identification Number (EIN)
A number for required for the exporter on the Shippers Export declaration.

Express B/L
Sea Waybill, this B/L cannot be negotiated or transferred to a 3rd Party.

Express Bill of Lading
An express bill of lading is a type of bill of lading (B/L) in which the carrier is obligated to deliver the goods to the named consignee and no original bills of lading (OBL) are issued at all. Express B/Ls are non-negotiable and not a document of title to the goods; transfer of title should be documented elsewhere in the sales contract.

External Transit (T1)
The external transit procedure allows by default for non-Union goods to be moved from one point to another point within the customs territory of the Union so that customs duties and other charges are suspended. The T1 usually refers to the actual document that facilitates this movement. NB. Goods under this procedure are still under customs supervision and can only be moved to locations that have been approved by customs, e.g. bonded warehouses.

Extra Loader
Additional vessel brought into schedule to cope with exceptionally strong market conditions.

EXW (Ex Works)
EXW (Ex Works) is an incoterm that only requires the seller to make the goods available for pickup by the buyer at the seller’s premises or another named location. The buyer is responsible for export clearance, loading the goods at the named location, and bearing all cost and risk to the destination. EXW can be used for all modes of transport, including LCL (Less than Container Load), FCL, and air.