GlossaryDefinition
What Does Ex Works Mean in Shipping? A 5-Minute Guide
Ex works in five minutes: what EXW means, when risk passes to the buyer, who loads and clears export, and how the term compares with FCA and FOB.
By Nourin Tabassum7 min read
Blog category
Glossary
Short definitions of the trade terms that come up when buying from Bangladesh: Incoterms, payment methods, minimum order quantities, product classification, quality inspection, and the export registrations and trade bodies Bangladeshi suppliers mention. Each entry explains what the term means, how it affects an order and where the definition comes from, for buyers and suppliers who want a quick reference.
29 articles
GlossaryDefinition
CIF Full Form in Shipping and How It Appears on Invoices
CIF stands for Cost, Insurance and Freight. This glossary page shows how the full form is written in contracts, quotations and invoices, and how the CIF value is built.
By Nourin Tabassum7 min read
GlossaryDefinition
CIF Shipping Terms Explained for First-Time Importers
CIF explained for first-time importers: follow one shipment step by step, from seller export clearance and loading to your import clearance, duty and destination charges.
By Nourin Tabassum7 min read
GlossaryDefinition
CIF Freight Term Meaning for Logistics and Procurement Teams
CIF freight term meaning explained for logistics and procurement teams. The seller books and pays main carriage to the named port, risk passes on board at origin, and duty and destination costs sit outside the CIF price.
By Naim Islam7 min read
GlossaryDefinition
BKMEA Meaning in Trade: Definition and Use Explained
BKMEA meaning explained: what the Bangladesh Knitwear Manufacturers and Exporters Association is, how membership and UD services work, and how BKMEA differs from BGMEA and an export licence.
By Nourin Tabassum7 min read
GlossaryDefinition
BGMEA Meaning in Trade: Definition and Use Explained
BGMEA meaning explained: what the Bangladesh Garment Manufacturers and Exporters Association is, how membership and UD certificates work, and how BGMEA differs from BKMEA, EPB and an export licence.
By Naim Islam8 min read
GlossaryDefinition
CIF Terms of Delivery: Meaning, Wording and Examples
What CIF terms of delivery mean, how to write the term correctly with a named port and version, who pays for what, and a worked example for a shipment from Bangladesh.
By Nourin Tabassum8 min read
GlossaryDefinition
Harmonised System Codes for Export: A Guide for Bangladeshi Exporters
What harmonised system codes for export mean, how the six digits are built, how to classify a product step by step, who is responsible, and a worked Bangladesh T-shirt example.
By Nourin Tabassum8 min read
GlossaryDefinition
Does CIF Include Import Duty? What Buyers Actually Pay at Destination
CIF stops at the destination port: import duty, import tax, clearance and onward delivery stay with the buyer. Who pays what, with a worked Bangladesh example.
By Naim Islam8 min read
GlossaryDefinition
UK Commodity Codes: How to Find the Right Code on the UK Trade Tariff
What a UK commodity code is, how its ten digits are built from the six-digit HS code, and how to find the right code on the UK Trade Tariff for goods imported from Bangladesh.
By Naim Islam7 min read
GlossaryDefinition
What Is a 6-Digit HS Code? Chapters, Headings and Subheadings
What a 6-digit HS code is, how chapters, headings and subheadings fit together, and how buyers extend the six digits for the US, EU and other markets.
By Nourin Tabassum7 min read
GlossaryDefinition
CIF Incoterms 2020 Explained: Seller and Buyer Obligations Step by Step
CIF splits cost and risk: the seller pays freight and minimum insurance to destination, but risk passes on board at shipment. This guide walks through A1 to B10.
By Naim Islam7 min read