Ad Valorem
According to the value. For example, an import duty rate of 10% ad valorem means 10% of the value of the goods.

Agent
An independent person or corporation acting as a representative, usually in a foreign market, who attempts to sell products for an overseas seller (principal) and earns a commission on successful sales. Agents are not normally involved in delivery or servicing of product.

Air Waybill (AWB)
The document which covers transport by air. It is issued by the carrier, whether an airline or a freight forwarder, as a non-negotiable document serving as a receipt to the consignor for the goods, and containing the conditions of transport. It also shows the details of the consignee so that they can be contacted on arrival of the goods.

         - HAWB
           House AWB issued by a freight forwarder acting as a carrier.

         - MAWB
           The term used for the AWB issued on airline's stationery to a freight forwarder for all of the goods covered by
           one or more House AWBs on the one flight going from one loading airport to one destination airport.

         - APCA
           Australian Port Charges Additional, the port charges passed on by shipping companies to importers for FCLs

Applicant
The buyer who has requested his bank to arrange an L/C on his behalf. In some countries where the buyer may have trouble arranging an import license, the applicant may be a third party acting on behalf of the buyer.

Austrade
The Australian Trade Commission - Australia's export and investment facilitation agency, see www.austrade.gov.au.