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Glossary |
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Ocean Transport – basic
definitions |
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BAF (Bunker Adjustment Factor) –
variable fuel surcharge, i.e. a surcharge to the basic sea freight rate, set
for a period of time (e.g. for one month) during shippers’ conference, to
compensate for possible losses due to changes in fuel market |
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Bill of Lading (B/L) –
consignment note in sea transport |
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CAF (Currency Adjustment Factor)
– variable currency surcharge, i.e. a surcharge to the basic sea freight
rate, set for a period of time (e.g. for one month) during shippers’
conference, to compensate for possible losses due to changes in foreign
exchange market |
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Cut-Off Date - The final day for
receipt of cargo at the CFS or Port.
Also final day for receipt of shipper's letter of instructions and
supporting documents, by the carrier. |
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E.T.A./ETA (Estimated Time of
Arrival) - estimated time when the ship reaches the port; acronym used in
sailing schedules |
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E.T.S./ETS (Estimated Time of
Sail) or E.T.D./ETD (Estimated Time of Departure) – estimated time when the
ship leaves the port; acronym used in sailing schedules |
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FCL (Full Container Load) – a
shipment of full container, when one customer buys all the capacity of a
container for his goods, even if he does not use all of it, e.g. 20 cbm/5
tonnes in a container 20’DV, while the maximum capacity of the container is 33
cbm and 20 tonnes gross |
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HBL - House Bill of Lading
issued by NVOCC segregating individually consigned shipments for distribution |
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ISPS (International Ship &
Port Facility Security fee) – a fee charged by all shippers and ports due to
mandatory increase in general security |
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Sea Container – a durable
transport device, which can be used multiple times; designed specially to
facilitate translocation of goods by one or more means of transport, without
reloading of the cargo; equipped in devices enabling easy handling, especially
during reloading from one means of transport to another; designed so it can
be filled and emptied easily |
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LCL (Less than Container Load) –
a general cargo shipment, loaded in one, so called, collective container
along with cargo of the other customers; in sea transport, as opposed to road
transport, 1 cbm is compared to 1 tonne, and the freight rate is based on
that calculation; |
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LCL/FCL –general cargo shipments
consolidated in the county of shipment from several suppliers all having the
same consignee and put in one container |
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MBL - MASTER Bill of Lading: issued by VOCC |
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NVOCC - Non Vessel Operating
Common Carrier |
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P.O.L./POL (Port Of Loading) |
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P.O.D./POD (Port Of Discharge) |
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PSS (Peak Season Surcharge) – a
periodical surcharge applied in seasons or moments when the demand is
increasing on a given freight market, and the shipping companies do not have
the possibility to raise basic freight rates because they were set e.g. for
the whole quarter |
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Seaway Waybill (Express Release)
– an express-service bill of lading; issued in one copy; there is no need to
present the original document to the shipping/forwarding company to release
the goods |
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THC (Terminal Handling Charges)
– port/terminal costs – fees connected with handling of containers in port,
emptying, warehousing, reloading to a truck; in port of shipment and port of
destination; this fee is the sum of particular costs of various operations
made in ports/terminals |
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Transit Time – estimated time of
transit, stated in schedules. |
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*PLEASE NOTE: in some schedules,
the stated transit time is calculated by summing up only the times between
every stage of the cruise, e.g. transport to the port, sea freight, transport
form the port, without taking into consideration the time of waiting for
reloading in ports/terminals |
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V.O.C.C. - Vessel Operating Common Carrier |
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W/M – weight/measurement – 1 cbm
/1 tonne – in order to calculate freight charge you choose the larger value
(number of tonnes or cubic meters) and multiply it by the given rate; if
calculated freight charge is lower than minimal rate, you should use the
minimal rate |
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Some of the acronyms and
abbreviations used in communication between forwarders |
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B/L - BILL OF LADING |
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CAF - CURRENCY ADJUSTMENT FACTOR |
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CHC - CHASIS CHARGE |
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CHGS - CHARGES |
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CK - CHECK |
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CNTR - CONTAINER |
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COC - CONTAINER ON-HIRE CHARGE |
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COL - FREIGHT COLLECT |
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CST - COST |
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CSF - CARRIER SECURITY FEE |
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CUC - CHASIS USING CHARGE |
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D/THC - DESTINATION THC |
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DIC - DESTINATION INLAND CHARGE |
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DLD - DELIVERED |
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DLR - DELIVER |
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DLY - DELIVERY |
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DSTN - DESTINATION |
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DUP - DUPLICATE |
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EFS - EMERGENCY FUEL SURCHARGE |
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EIS - EQUIPMENT IMBALANCE
SURCHARGE |
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EMS - EMERGENCY SURCHARGE |
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FM - FROM |
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FMC - FEDERAL MARITIME
COMMISSION |
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FUM - SUMIGATION CHARGE |
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FIOS - FREE IN / OUT LOADING/
DISCHARGING IS AT CONSIGNER'S COST) |
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FIFO - FREE IN / FREE OUT (VIDE
FIOS) |
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FILO - FREE IN / LINER OUT
(LOADING IS AT CONSIGNER'S COST, DISCHARGING IS AT LINER COST) |
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GRI - ANY OUTSTANDING GENERAL
RATE INCREASE |
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HLC - HEAVY LIFT CHARGE |
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INTL - INTERNATIONAL |
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LIFO - LINER IN / FREE OUT
(LOADING IS AT LINER COST, DISCHARGING IS AT CONSIGNER'S COST) |
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LILO - LINER IN / OUT (LOADING
AND DISCHARGING IS AT LINER COST) |
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LSF - LOW SULPHUR FUEL |
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O/THC - ORIGINAL TERMINAL
HANDLING CHARGE / CONTAINER SERVICE CHARGE |
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OFC - OCEAN FREIGHT CHARGE |
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OGS - OUT OF GAUGE CHARGE |
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OIC - ORIGIN INLAND CHARGE |
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PCS - PANAMA CANAL LOW WATER
SURCHARGE |
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PPD - FREIGHT PRE PAID AT ORIGIN |
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PSS - PEAK SEASON SURCHARGE |
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SCS - SUEZ CANAL SURCHARGE |
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S/C - SERVICE CONTRACT |
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SLI - SHIPPER'S LETTER OF
INSTRUCTION (MASTER) |
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SVC - SERVICE |
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WRS - WAR RISK SURCHARGE |
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SCC / SCS – SUEZ CANAL CHARGE /
SUEZ CANAL SURCHARGE |
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V.A.T. – VALUE ASSESSMENT TAX |
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