Shipping and Forwarding Terminologies

Common Terminologies/Words Used in Shipping, Forwarding and Incoterms

SI	Shipping Intruction
B/L	Bil of Lading
CY	Container Yard
FCL	Full Container Load
LCL	Less than a Container Load
CFS	Container Freight Station
TEU	Twenty Foot Equivalent Units
FEU	Forty Foot Equivalent Units
DOOR TO DOOR	means Shipper's door to Consignee's Door
HOUSE TO HOUSE	same 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
IPI	Interior Point Intermodal Reverse IPI: Crago from inland point is being drayed to a east coast port for shipment
OCP	Overland Container Point
SHORTLANDED CARGO	Cargo that was for discharge was not discharged
SHORTSHIPPED	Cargo meant for shipment but which was not shipped
OVERLANDED CARGO	Cargo not meant for discharged but was discharged
SHUT OUT	Cargo intended for loading but intentionally was not loaded
DEMURRAGE	These 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
DETENTION	Thase 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
STUFFING	Means the Physical placing of cargo into a container
UNSTUFFING	Another 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
DDC	Destination Delivery Charge (For USA East Bound Cargo)
TRC	Terminal Receiving Charge (For USA Weast Bound Cargo)
FOB	Free On Board: Consignee has control of routing
CIF	Cost, Insurance, Freight: The Shipper has control of routing
CNF	Cost and Freight: The Shipper has control of routing without Insurance
BAF	Bunker Adjustment Factor
CAF	Currency Adjustment Factor
THC	Terminal Handling Charge
SOC	Shipper Own Container
COC	Carrier Own Container
NVOCC	Non Vessel Owning Common Carrier
T/S	Transhipment
VOY	Voyage
POL	Port Of Loading
POD	Port Of Discharge
ETA	Estimated Time of Arrival
ETD	Estimated Time of Departure
FIOS	Free In and Out Stowed: means all cost for loading and discharging is under cargo's owner responsibility
FIOST	Free In, Out, Stowed and Trimmed
FILO	Free In Liners Out
D.D.P	Delivery Duty Paid, means all the charges incurred at destination e.g. Custums Clearance and duty tax is under Sipper/Seller responsibility
D.D.U	Delivery Duty Unpaid, means all the charges incurred at destination e.g. Custums Clearance and duty tax is under Consignee/Buyer responsibility
E.X.W	EX Work, means all charges incurred from shipper's warehouse at loading port until consignee's warehouse at destination is under Consignee/Buyer responsibility