Bill of Lading for Import Export Pakistan
A bill of lading (also referred to as a BOL or B/L) is a document issued by a carrier  e.g. a ship's master or by a company's shipping department, acknowledging that specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified.

Care (Customers Administrative) for Import Export Pakistan
Care stands for Customs Administrative Reforms and it is a project of the Central Board of Revenue overseeing reforms in Pakistan Customs. The project was initiated in February 2002. Since its inception CARE has carried out research and development work to enhance the efficiency of the department.

Cost and Freight (CFR) for Import Export Pakistan
Cost and Freight (CFR) means that the seller pays for transportation to the Port of Loading (POL), loading and freight. The buyer pays for the insurance and transportation of the goods from the Port of Discharge (POD) to his factory. The passing of risk occurs when the goods pass the ship's rail at the port of shipment which means that this term cannot be used for airfreight or land transport and also is inappropriate for most containerised sea shipments.

Cost, Insurance and Freight (CIF) for Import Export Pakistan
Cost, Insurance and Freight (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. When a price is quoted CIF, it means that the selling price includes the cost of the goods, the freight or transport costs and also the cost of marine insurance.

Carriage and Insurance Paid to (CIP) for Import Export Pakistan
The passing of risk occurs when the goods have been delivered into the custody of the first carrier. This means that the buyer bears all risk and any additional costs occurring after the goods have been so delivered. It is the same as CPT except that the seller also pays for the insurance. The seller is required to obtain insurance only on minimum cover; additional coverage is the responsibility of the buyer or must be agreed between the seller and buyer. Under CIP, the seller is also required to clear the goods for export.

Carriage Paid To (CPT) for Import Export Pakistan
It can be used for all modes of transport including multimodal transport. The seller pays for the freight to the named point of destination. The buyer pays for the insurance. The passing of risk occurs when the goods have been delivered into the custody of the first carrier.

Free Along Side (FAS) for Import Export Pakistan
Free Along Side (FAS) means that the seller pays for transportation of the goods to the port of shipment. The buyer pays loading costs, freight, insurance, unloading costs and transportation from the port of destination to his factory. The passing of risk occurs when the goods have been delivered to the quay at the port of shipment.

Free Carrier (FCA) for Import Export Pakistan
The seller delivers the goods into the custody of the first carrier, and this is where risk passes from seller to buyer. The buyer pays for the transportation. It can be used for all modes of transportation including multimodal transport, such as in shipping containers where the ship's rail plays no relevant part in determining a shipping point. FCA is also the term to use in place of FOB for airfreight transactions.

Free On Board (FOB) for Import Export Pakistan
Free On Board (FOB) is also commonly but incorrectly referred to as "Freight on Board". It means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays freight, insurance, unloading costs and transportation from the port of destination to the factory. The passing of risks occurs when the goods pass the ship's rail at the port of shipment. Internationally the term specifies the port of loading. Incoterms or international commercial terms are a series of international sales terms that are widely used throughout the world. They are devised and published by the International Chamber of Commerce (ICC).

Letter of Credit (LC) for Import Export Pakistan
A letter of credit is a document issued mostly by a financial institution which usually provides an irrevocable payment undertaking (it can also be revocable, confirmed, unconfirmed, transferable or others e.g. back to back: revolving but is most commonly irrevocable/confirmed) to a beneficiary against complying documents as stated in the credit.

Pakistan Customs Computerised System (PACCS) for Import Export Pakistan
PACCS stands for Pakistan Customs Computerised System and it is the first end-to-end automated solution for Customs in the world.

PACCS has four major components:

• TARIP (Tariff and Integrated Policy)
• INTRA (Integrated Regulatory Authorities)
• ECHO (Enhanced Cargo Handling)
• ACCESS (Automated Customs Clearance System)