Article Check - Business

Resilient Mindset
Developing a resilient mindset of a millionaire by re-wiring your subconscious for wealth creation we will need to answer a few simple questions about financial pressure. When I refer to financial pressure I’m not necessarily talking about being broke and struggling. You can be wealthy and still have financial pressure. There is no right or wrong answers, only answers applicable to you.1. When was the last time you felt financial pressure?2. Do you currently feel financial pressure in your life?3. Does having more money really create less financial pressure?4. When have you felt completely free from financial pressure?For some people being completely free from financial pressure might have been as far back as when they were at school. It could have been when they would get pocket money and had to determine whether to buy a Mars bar or put it in their piggy bank and for others, it may have been never.Apart from happiness, what is it you think that people really want in their life? A resilient mindset, more often than not people are looking for a financial future they are certain about. You want the certainty to be able to manage money, have plenty of it and never have to worry about not having enough of it. Anyone would want that. Another word for that is security.I believe that people really want to be certain that in the future they will not have to experience pain that instead they will have the financial freedom to do whatever they want, whenever they want, as much as they want using their a resilient mindset.I know the quest for financial security drove me, because I had so much pain in my life and I never wanted to experience that again. So I was driven to become financially successful to avoid that pain. Pain drove me in the beginning more than pleasure. Pain is what drives people the most. If you’ve made a decision to start changing your life, or changing your financial future, eventually it will lead to more pleasure, but more than likely it’s pain that drove you to your initial decision to change. Subconsciously you were probably thinking, “If I don’t learn how to master money now, what will it cost me in the future?”

s:
Rates set at a certain percentage above the general commodity rates because they apply to commodities that require special handling, such as live animals and human remains. See Class Rate and Premium Rate

Excess Value:
The amount of declared value on a shipment that is over the carrier's liability

Exchange Rate:
The price of one currency in terms of another

Exclusive Truck:
A shuttle truck that operates exclusively for an airline

Export:
To send or transport shipments out of a country for sale or use in another country or for personal purposes.

Export Broker:
An individual or firm that brings together buyers and sellers for a fee, but does not take part in actual sales transactions.

Export License:
A government document that permits the licensee (holder of license) to engage in the export of designated goods to specific destinations.

Firms Code:
A customs location code issued for each bonded warehouse or facility.

Flatbed Truck:
A shuttle truck that does not have an enclosed trailer

Forwarder:
See Freight Forwarder. Free domicile:
A term used in international transportation where the shipper pays all transportation charges and any applicable duties and/or taxes.

Freight Forwarder:
Serves a dual role. To the airlines, the freight forwarder is a shipper. To their customers, the freight forwarder is an indirect carrier or agent. The freight forwarder receives freight from customers under his own tariff, usually consolidating it into larger shipments, prepares necessary documents and makes arrangements for moving freight.

Freighter:
An aircraft that carries cargo only, rather than the combination of passengers and cargo

GBL:
Government Bill of Lading

GCR/GEN:
General Commodity Rate

Gateway City:
The first port of entry into a country, or the last port before exiting a country.

General Commodity:
Any cargo commodity that does not warrant a special or specified rate.

General Commodity Rate:
An air freight rate applicable on all commodities, except those for which specific rates have been filed. Rates are based on weight and distance and are published for each pair of cities an airline serves.

Government Bill of Lading - (GBL):
A document issued by a government agency used to request transportation of goods and support the billing of same in conjunction with carrier's Air Waybill.

Gross Weight:
The weight of the shipment including all packing, blocking, platforms, special bracing, etc., if required. (includes weight of unit load device, when applicable.)

HAWB (House Air Waybill):
The individual breakdown for each part of a consolidation

Hold for Pick-Up - (HFPU) (At Destination):
Freight to be held at the carrier's destination location for pick-up by the recipient. See also Notify on Arrival. Harmonized System – HS:
The Harmonized Commodity Description and Coding System is a system for classif

Accounts Receivable
A company offers products and/or services to its customers to generate sales. The transaction takes place when the customer buys the goods and/or services at the price and conditions agreeable to both parties. Generally the transaction is completed when the customer pays after taking delivery of goods and/or services.However in cases where there is a long-standing relationship between the company and a customer, the buyer may make payment at a future date. This also takes place when the two parties have a payment agreement.The invoice as presented to the buyer and that transaction, which is recorded, is referred to as accounts receivable. When the customer pays his invoice, his account is credited with that amount. The accounts receivable ledger records the details of each customer's transactions and payments received.Since more and more companies are entering into a transaction with the customers by offering credit, managing accounts receivable can pose serious financial problems for a company if not efficiently managed. For instance, a receivable that remains unpaid for a long time can turn into a bad debt. At the end of the financial year, the total sum of accounts receivable is calculated. Applying discretion, uncollected invoices from the past 365 days (or as deemed fit by the company) are excluded from accounts receivable and classified under bad debts. The total amount thus arrived at is treated as a current asset on the balance sheet of the company.Finally, an accounts receivable department should have a goal structure for each team member.

AWB:
Air Waybill

Accessorial Services/Fees:
Services provided by an airline in addition to the normal transportation service. These charges are not included in the basic weight rate charge.

Common accessorial services include:
advancement of charges, pick-up, delivery, C.O.D. service, signature service, storage, demurrage, and loading/unloading.

Account Number:
A specific number assigned by any airline, to an approved customer, used for billing and other computerized functions.

Actual Weight:
What the shipment actually weighs on a scale.

Advance Arrangements:
The shipper must make arrangements with the carrier prior to the intended date of shipping. See Booking.

Advancement of Charges:
A service under which airlines, in some instances, pay incidental charges arising before or after airhaul. Examples would include cartage and warehousing costs. These charges can be paid in advance for the convenience of either the Shipper or Consignee.

Agent (IATA):
A forwarder, agent or broker who is recognized and approved by IATA, appointed by a carrier and authorized by the respective carrier to receive and prepare shipments and to collect charges. See Cargo Sales Agent.

Air Freight:
The goods for transport in any volume, and the type of service airlines provide to transport the goods. The term most commonly used is Cargo.

Air Freight Forwarder:
See Freight Forwarder

Air Waybill:
Shipping document used by the airlines for air freight. It is a contract for carriage between shipper and carrier covering Intra-US and international transportation of cargo to a specified destination. It includes carrier conditions of carriage highlighting such items as limits of liability and claims procedures. The Air Waybill also contains specific shipping instructions to airlines, a description of the commodity, and applicable transportation charges. Air Waybills are not negotiable.

Airbill:
See Air Waybill

Aircraft:
Most commonly used term for airplane. See Equipment.

Airport-to-Airport:
From one airport facility to another airport facility. (No pick-up/delivery service applies.)

Allotment:
A blocked space by airlines, on behalf of forwarders / shippers.

Articles of Extraordinary Value - (AEV):
Commodities identified as high-value items that require advance arrangements and special handling.

Assembly Service:
A service by which an airline assembles shipments from one or many shippers and transports them as one shipment (not necessarily at one time or flight) to one Consignee.

Astray:
Cargo that is traveling without paperwork or on paperwork in place of the original

ATA:
Actual Time of Arrival, or Airport-To-Airport Attractive Merchandise:
Commodities such as cameras, radios, electronic equipment, etc., that are handled as high-value shipments but not rated the same.

Backhaul:
To move a shipment back over part of a route already traveled.

Banded/Banding:
Cargo wrapped and/or secured with metal or plastic strips

Bank Release:
An import shipment requiring notification and release from a bank or in care of a bank. The release must be on the bank's stationary and must be an original copy. Photocopies, fax, and phone calls are not acceptable. Also see Letter Of Credit

Belly or Belly Pits:
Compartments located beneath the passenger deck used for cargo, baggage storage and mail.

Bill of Lading:
A document by which a carrier acknowledges receipts of goods and contracts to move them. The Air Waybill is a form of bill of lading. See Air Waybill.

Bonded Carrier/Trucker:
A firm that has posted bond with the government and is licensed to carry and hold in their facilities' goods that have not been granted a clearance by countries' Customs Authorities.

Booking:
A shipper has prearranged cargo space on a specific flight(s) creating a booking, or reservation. See Advanced Arrangements.

Broker (Customs):
A person or firm licensed by the Customs Authorities to transact business with customs on behalf of importers for a fee. See Customshouse Brokers

C.O.D.:
Collect on Delivery

C.O.D. Fee:
The fee charged for collecting the COD amount for the shipper.

CWT:
Hundred weight

Cargo:
The goods for transport in any volume, and the type of service airlines provide to transport the goods. Exceptions:
(a) Mail or other property under the terms of an international postal convention. (b) Baggage carried under a passenger ticket and baggage check. Unaccompanied baggage moving under an Air Waybill is cargo. See Air Freight.

Cargo Sales Agent:
An agent appointed by IATA to solicit and process international cargo for shippers. IATA Cargo Sales Agents are paid commissions by the airlines without added cost to the shipper or consignee. See Agent IATA

Cargo Transfer:
Cargo arriving at a point by one carrier and continuing its journey through another carrier. See Interline.

Carnet (ATA Carnet):
A document issued by Chambers of Commerce, permitting the holder to carry or send merchandise temporarily into certain foreign countries (for display, demonstration, or similar purposes) without paying duties or posting bonds.

Carrier:
A term synonymous with airline. Each airline is a carrier of passengers and cargo.

Carrier Certificate:
A document prepared by the Carrier containing the master Air Waybill number, house Air Waybill number, flight number and date the shipment arrived and the storage date. The consignee/broker needs this information in order to clear customs.

Certificate of Origin:
A document to prove the place of origin for specified goods, required by certain foreign countries for tariff purposes.

CNEE:
Consignee

Co-Loader:
The participants in a consolidation other than the master loader. Each provides all the documentation required for their shipment to the master loader. See Consolidation, MAWB, HAWB, Master Loader.

Collect Charges:
Charges entered on the Air Waybill for collection from the consignee. Freight collect, charges forward or charges collect also have the same meaning.

Collect on Delivery - (C.O.D.):
A transportation service under which the purchase price of the goods is collected by the carrier from the receiver at the time of delivery, and subsequently, payment is transmitted by the carrier to the shipper. Carriers charge a nominal fee for this service. As the term COD implies, payment is due upon delivery. There are no credit provisions in COD service.

Commercial Invoice:
Shipper's documentation describing the goods and their value which must accompany all international and transborder shipments

Commodity Code:
A system for identifying a given commodity by a number as a means of facilitating, for example, the application of computerization to freight transportation.

Conditions of Contract:
The terms and conditions established by the air carriers for the carriage of goods. These conditions are printed on the Air Waybill and include such items as limits of liability, claims limitations, indemnity and dimensional weight rules.

Connection Time:
Allowable published time to connect cargo from one flight to another

Consignee:
The receiver of a shipment, or to whom the shipment is consigned

Consignment:
Shipment of one or more pieces of property, accepted by the carrier from one shipper, receipted for in one lot, and moved on one Air Waybill, to one consignee at one destination.

Consular Invoice:
A document required by some foreign countries, describing a shipment of goods and showing information of the shipment. It is certified by a consular official of the foreign country. It is used by the country's customs officials to verify the value, quantity and nature of the shipment.

Container:
A shipping device, airline provided or shipper provided, allowing a convenient and lower cost method of shipping. See ULD - Unit Load Device.

Containerization:
The use of box-like or other unit load devices (ULD) in which a number of packages are stored, protected, and handled as a unit in transit. See Container and ULD.

Conversion Rate:
The rate used to convert one currency to another. See Exchange Rate and Rate of Exchange. Customs:
A government authority designated to regulate flow of goods to and from a country and to collect duties levied by a country on imports and exports. The term also applies to the procedures involved in such collections.

Customs Airport:
Designated airports in each country which have customs facilities.

Customs Clearance:
A shipment must clear customs when it enters any country from another.

Customs Declaration:
A statement, oral or written, attesting to the correctness of description, quantity, value, etc., of merchandise offered for importation into the U.S.

Customhouse Broker:
A broker who is licensed by the Customs Authorities to act for importers and other businessmen in handling the sequence of customs formalities and other details attendant to the legal and expeditious importing of goods.

Dangerous Goods:
Articles or substances which are capable of posting a significant risk to health, safety, or property when transported by air if not packaged according to federal regulations.

Declared Value for Carriage:
The value of goods declared to the carrier by the shipper for the purposes of determining charges or establishing the limit of the carrier's liability for loss, damage, or delay.

Declared Value for Customs:
The selling price of the contents or the replacement cost if the contents are not for resale. The amount must be equal to or greater than the declared value.

Delivery Authorization Document - (DAD):
A customs term for a 7512 (I.T.) or a 3461 (Clearance) or a straight Air Waybill stamped by customs.

Department of Transportation - (DOT):
An executive department of the U.S. Government established by the Department of Transportation Act of 1966 for the purpose of developing national transportation policies.

Destination:
The final stop of cargo that is being transported. Sometimes referred to as the final destination. exists.

Diversion:
Landing at a location other than the planned destination

Documentation:
The required paperwork accompanying a shipment such as an Air Waybill, a health certificate, invoices, shipper's export declaration, etc. Dolly:
A piece of equipment with wheels, used to move containers and pallets to/from the aircraft

Door-To-Door:
Used when pick-up and delivery service applies.

Drop-Off:
Shipper delivers shipment(s) to the Air carrier for transportation. See Tender

Drop Time:
A published time frame at each airport city when the shipper must drop off cargo prior to flight departure

Duty:
A tax imposed on imports by the customs authority of a country. Duties are generally based on the value of goods, other factors such as weight or quantity limits, or a combination of value and other factors

ETA:
Estimated Time of Arrival

ETD:
Estimated Time of Departure

Embargo:
Temporary refusal to accept cargo for transportation at certain points or in certain routes due to the type or class of cargo, limitations of facilities, emergencies, or other abnormal circumstances.

Equipment:
Used in the airline industry referring to aircraft or aircraft type, i.e., DC-10, B-727, etc.

Escorts:
People accompanying shipments on the same aircraft

Estimated Time of Arrival - (ETA):
The time at which a flight is expected to arrive as determined by operating conditions. It can differ from the scheduled time of arrival.

Estimate Time of Departure - (ETD):
The time at which a flight is expected to depart as determined by operating conditions. It can differ from the scheduled time of departure.

Exception Ratings:
Rates set at a certain percentage above the general commodity rates because they apply to commodities that require special handling, such as live animals and human remains. See Class Rate and Premium Rate