Your go-to logistic dictionary

Notify Party

The notify party is the person who is listed on a Bill of Lading or Air Waybill and will be informed when a shipment reaches its destination.


The consignee is the recipient of the transported goods to whom the cargo’s ownership will be assigned once it is cleared at the destination.

Ex Works (EXW)

EXW (Ex Works) is an incoterm that the buyer collects goods from the seller’s designated place, and bears all costs and risks up to the destination.

Free on Board (FOB)

Free on Board (FOB) is an incoterm that specifies when the seller and buyer take on the respective costs, obligations, and risks for the cargo in delivery.

Free Carrier (FCA)

Free Carrier (FCA) is an incoterm that requires the seller to clear the export and deliver the goods to a named place for transfer to the carrier.

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