Exporting and Importing can often be an extremely complicated and mundane process as there are so many rules, regulations as well as countless number of procedures to adhere to. This, many a times, may require to prepare and submit documents for import and export. Usually, freight forwarders would prepare it for us, but it is also good to know for ourselves as to how to complete the relevant documents by understanding what the terms mean.
As such, in our new article series titled “Export Terms”, we would introduce you to all the various terms used in the international trade, be it through air, land or sea freight. We would roll out one related article on a regular basis, which would help you to get a comprehensive understanding as to the document and logistics preparation for the purpose of doing trade internationally.
In this article, we would be covering the meaning behind a gateway city, goods in transit as well as Estimated Time of Departure
What is the meaning of a Gateway City
A gateway city refers to the entry point to a country via a port. The port could be identified as either an airport or a seaport that is used as a departure or arrival point connecting to the country. For instance, Soekarno-Hatta International Airport in Jakarta is the gateway city to Indonesia as it allows passengers to enter and leave the country via its airport.
What is the meaning of Goods in Transit
To put it simply, goods in transit is actually referred to goods that are on the way. The goods have left the dispatch and shipping terminal but are yet to arrive in the other destination for offloading and delivery purposes. To illustrate, you may be buying goods from an e commerce website. The goods you purchased would be shipped from the warehouse to the delivery point closest to your address.
The process taken to ship the goods is referred to the goods being in transit. Typically firms try to keep their transit times as short as possible so as to deliver it to the customers as soon as possible.
What is the meaning of Estimated Time of Departure
Estimated Time of Departure refers to the time that the goods are expected to leave the port of origin. This could be either an airport or a seaport. To illustrate, the Estimated time of departure for a shipment to leave Tanjung Priok Port is 1500 Hrs. As such, it is expected that the shipment would depart from the port at 1500 Hrs, subject to conditions.
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