Want to master the world of international trade? Start here! In this glossary, you'll find the key terms that will help you navigate this complex universe.

Understanding this specific language is essential to make more assertive decisions and avoid unforeseen events in your import and export operations.

Check out the third part of our glossary below.

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Letter O

Ovation - Also known as stowage, it's the process of specially packing products inside a container, optimizing the use of space.

Letter P

Prepaid – Term indicating that freight is paid at the origin.

Packing List – International document with technical details, dimensions, and weight of the goods.

Pallet – Union of several boxes to allow the movement of only one volume.

Letter R

RADAR - According to the Brazilian Federal Revenue, it's a system that aims to provide, in real time, information of a customs, accounting, and tax nature.

RFB – Acronym for Brazilian Federal Revenue.

Remittance Without Withdrawal - Payment method where the importer receives the shipping documents directly from the exporter, without a draft.

Express Shipping - International document or shipment transported, by air, through an express courier company.

Letter S

Shipper – The exporter or sender.

SISCOMEX (Integrated Foreign Trade System) – Brazilian government portal that provides access to a registration system used exclusively for foreign trade operations.

Letter T

TEU (Twenty-Foot Equivalent Unit) – Foreign trade acronym used to indicate the Transport Equivalent Unit, i.e., a 20-foot container.

Transhipment - Process by which goods enter the customs territory of a country, are transferred from one mode of transport to another, and then leave the same port for another destination.

Transit Time – Travel time for a shipment to be delivered. Basically, it's the amount of time spent moving a good between the pickup point and its destination. 

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Avoid mistakes when importing!

Having a specialized import consultancy can save you from many future risks. See what Genco Import & Export can do for you:

• Sourcing your product to find the best value for your product.
• Simulating all costs before you embark on this journey.
• Negotiating values with suppliers, freight forwarders, and customs brokers.
• Unifying all documents. Less headache for you!
• Closing the exchange rate for your process.
• Conducting inspections and issuing complete reports for your follow-up.

And much more!

Count on Genco for the best advisory for your imports.

Contact us and learn more about our services!