CFS - Container Freight Station
LCL - Less than Container Load
FCL - Full Container Load
DGFT - Director General of Foreign Trade
NVOCC - Non-Vessel operating Common carrier
DWT - Dead Weight
MT - Metric Tones
TEU’S - Twenty Equal ant Units
CHA - Customs House Agent
EPC - Export Promotion Council
MPS - Maritime Propositioning Shipment
FCR - Forwarder's Certificate of Receipt
COUNTER PARTY
Counter party is usually the entity with whom one negotiates on a given agreement, and the term can refer to either party or both, depending on context. All trade activities require some sort of counter party.
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