Glossary of Terms - E

Endorsement

The transfer of the right to obtain delivery of the goods of the carrier by means of the consignors or consignee's signature on the reverse side of a bill of lading. If the name of the new consignee (transferee) is not stated, the endorsement is an open one which means that every holder of the document is entitled to obtain delivery of the goods.

Estimated Time of Arrival (ETA)

The expected date and time of arrival of a ship, aircraft, road vehicle or railway carriage.

Estimated Time of Departure (ETD)

The expected date and time when a ship, aircraft, road vehicle or railway carriage will arrive.

Expediting

The 'rushing' or 'chasing' of production or purchase orders, which are needed urgently.

Export Licence

Document granting governmental permission to export particular goods.