Standard trading conditions
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Standard Trading Conditions (STC) are standardized terms imposed by some countries for accepting
cargo Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including trans ...
by shipping lines, airlines and
logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...
services providers like
freight forwarder A freight forwarder, or forwarding agent, is a person or company who, for a fee organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution.
s and customs agents. They are usually printed as the
fine print Fine print, small print, or mouseprint is less noticeable print smaller than the more obvious larger print it accompanies that advertises or otherwise describes or partially describes a commercial product or service. The larger print that is us ...
behind the shipping documents like
bill of lading A bill of lading () (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may toda ...
, air way bill, or consignment note. These standard trading conditions state the general
contract A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to tr ...
terms and conditions between the two contracting parties who do a contract of transportation or storage or otherwise handling of goods. They are often based on the standardized trading rules suggested by
FIATA The FIATA International Federation of Freight Forwarders Associations is a non-governmental organization representing freight forwarders worldwide. According to the FIATA Annual Report 2021, FIATA counted 109 Associations Members representing ...
.


References

{{DEFAULTSORT:Standard Trading Conditions International trade