Sunday, December 28, 2008

Shipping and Forwarding Terminologies

Common Terminologies/Words Used in Shipping, Forwarding and Incoterms
SIShipping Intruction
B/LBil of Lading
CYContainer Yard
FCLFull Container Load
LCLLess than a Container Load
CFSContainer Freight Station
TEUTwenty Foot Equivalent Units
FEUForty Foot Equivalent Units
DOOR TO DOORmeans Shipper's door to Consignee's Door
HOUSE TO HOUSEsame as Door to Door term
I.C.D.Interior Container Depot
M.L.B.Mini Land Bridge (For USA Services). Moving cargo from any West Coast port to any East Coast port by means of rail or by truck. E.g. From Los Angelest to New York.
Reverse MLB: For west bound shipment, cargo from the east coast, e.g. NYC, is railed to a west coast port e.g. SFO, for shipment out to far east/S.E.A
MICRO-BRIDGE(For USA Services). Moving cargo from a port to point by carrier, e.g. Los Angeles to Atlanta
IPIInterior Point Intermodal
Reverse IPI: Crago from inland point is being drayed to a east coast port for shipment
OCPOverland Container Point
SHORTLANDED CARGOCargo that was for discharge was not discharged
SHORTSHIPPEDCargo meant for shipment but which was not shipped
OVERLANDED CARGOCargo not meant for discharged but was discharged
SHUT OUTCargo intended for loading but intentionally was not loaded
DEMURRAGEThese are charges which are incurred when a loaded container with cargo, or cargo devanned from a container is held at carrier's discharge port CY or CFS at destination point or CFS beyond the permitted time as stipulated in the tariff rule for that particular Port/Point CY/CFS
DETENTIONThase are charges incurred when a shipper or consignee who holds the container at his premises and do not return the loaded/empty container to the carrier CY within the permitted free time as stipulated in the tariff
STUFFINGMeans the Physical placing of cargo into a container
UNSTUFFINGAnother term used: Devanning. It mean the Physical removal of cargo from a container
REVENUE TON (R/T)Means 1000kgs or one cubic meter on which freight is assessed
DDCDestination Delivery Charge (For USA East Bound Cargo)
TRCTerminal Receiving Charge (For USA Weast Bound Cargo)
FOBFree On Board: Consignee has control of routing
CIFCost, Insurance, Freight: The Shipper has control of routing
CNFCost and Freight: The Shipper has control of routing without Insurance
BAFBunker Adjustment Factor
CAFCurrency Adjustment Factor
THCTerminal Handling Charge
SOCShipper Own Container
COCCarrier Own Container
NVOCCNon Vessel Owning Common Carrier
T/STranshipment
VOYVoyage
POLPort Of Loading
PODPort Of Discharge
ETAEstimated Time of Arrival
ETDEstimated Time of Departure
FIOSFree In and Out Stowed: means all cost for loading and discharging is under cargo's owner responsibility
FIOSTFree In, Out, Stowed and Trimmed
FILOFree In Liners Out
D.D.PDelivery Duty Paid, means all the charges incurred at destination e.g. Custums Clearance and duty tax is under Sipper/Seller responsibility
D.D.UDelivery Duty Unpaid, means all the charges incurred at destination e.g. Custums Clearance and duty tax is under Consignee/Buyer responsibility
E.X.WEX Work, means all charges incurred from shipper's warehouse at loading port until consignee's warehouse at destination is under Consignee/Buyer responsibility

1 comment:

  1. Thanks for great information you write it very clean. I am very lucky to get this tips from you


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