A small misunderstanding with the shipping terms could lead to disputes over who was meant to pay for the overseas freight, insurance or other costs involved in the shipment of goods. The webs largest and most authoritative acronyms and abbreviations resource. An abbreviation from latin brevis, meaning short is a shortened form of a word or phrase. International business trade terms and abbreviations. Terms of service 10% cash back, free shipping, and more. All shipping costs, duties, custom fees, and import taxes are the responsibility of the buyer when it comes to international orders.
Fob shipping terms freight terms customer takes title of goods customer responsibilities vendor responsibilities fob point of origin, freight collect at point of origin or factory pays freight bears freight owns goods in transit must file claims for loss, damage or overcharges fob point of origin, freight prepaid and allowed at point of origin. Bt berth terms bundling this is the assembly of pieces of cargo, secured into one manageable unit. Most commonly used chartering abbreviations, terms. Find out what is the most common shorthand of freight shipping terms on. Az shipping dictionary and abbreviation finder chartering terms. Acceptance of terms through use by using this site, you user signify your agreement to these terms and conditions. The centre of the vessel, with reference to her length or breadth. List of all most popular abbreviated shipping terms defined. Consortium a group of combined transport operators who agree to rationalise sailing in a trade and carry each others cargo.
Find out what is the most common shorthand of freight shipping terms on abbreviations. En pdf common shipping terms and abbreviations school. Lof lloyds open form standardized salvage contract. To clarify and assist you with some of the most common shipping and freight terms please use our az glossary. Dictionary of international trade the international trade dictionary contains a glossary of 2000 key terms for international business and trade classified into eight categories encompassing the full breadth of international trade activities. At right angles to the fore and aft line amidships. En pdf common shipping terms and abbreviations school of shipping. Dictionary of international trade globalnegotiator. Glossary of terms accessorial charges charges that are applied to the base tariff rate or base contract rate, e. Bulker bulk carrier, a vessel designed to carry loose cargo of a. Chartering terms az shipping dictionary and abbreviation. Like every other industry, the shipping and freight business is awash with jargon. Usually, but not always, it consists of a letter or group of letters taken from the word or phrase. Home maritime directory shipyards worldwide news terms dictionary abbreviations chartering terms energy terms financial terms glossary.
At which by special customs procedures it allows the importation of nonprohibited foreign goods including raw materials, components, and finished goods without the requirement that duties be paid immediately. Bill of lading a document signed by the carrier which acts as a receipt and evidence of title to the cargo. Shipping abbreviations acs australian customs service aest australian eastern standard time ams automated manifest system amsa australian maritime safety authority aqis australian quarantine inspection service ata carnet admission temporaire temporary admission carnet awb air waybill baf bunker fuel adjustment factor. Cut off date the last date for which goods can be accepted for a. Shipping terms and abbreviations1 school of shipping. Part 1 transport and forwarding terms, commercial terms including incoterms. International business trade terms and abbreviations alan e. The free time and demurrage charges are set forth in the charter party or freight tariff. Nov 02, 2015 terms youre most likely to hear bill of lading bl or bol the official shipping document containing details about the shipment.
Shipping terms latest shipping terms for international. The term applied by australian customs to the computer. Disclaimer this information is disseminated under the sponsorship of the u. Bbc chartering is the premier source for global project shipping services. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. The freight industry uses a huge amount of abbreviations, for everything from units of measure to pricing structures and modes of travel. These chartering terms have been chosen from various sources and are used in. They are shorthand expressions that set out the rights and obligations of each party when transporting the goods. This is a very flexible description, a rule of thumb is to. If free shipping was offered on the item purchased, any expense over the original estimated shipping for the item will be invoiced to the buyer. The dictionary of shipping terms solves the common problem by providing clear and concise explanations of over 2000 of the most commonly encountered words, terms, phrases and abbreviations.
Port charge relating to a vessel moored at approved anchorage site in a harbor. Foq free on quay for free on rail force majeure clause limiting responsibilities of the charterers, shippers and receivers of cargo. These chartering terms have been chosen from various sources and are used in todays business. The area immediately in front of or behind a wharf shed on which cargo is. Looking for the abbreviation of freight shipping terms. Shipping abbreviations acs australian customs service aest australian eastern standard time ams automated manifest system amsa australian maritime safety authority aqis australian quarantine inspection service ata carnet admission temporaire temporary admission carnet awb air waybill baf bunker fuel adjustment factor bl bill of lading. A sail is aback when sheeted to windward, or when the wind comes on what should be its lee side.
Longterm chartering of a ship, appointment of the master and crew and payment of all running expenses by the charterer himself. May 22, 2018 the freight industry uses a huge amount of abbreviations, for everything from units of measure to pricing structures and modes of travel. Intermodal intermodal shipping incorporates more than one mode of transportation, such as combining the use of trucks and trains to cover more ground in a timely manner. In the old days the need for keeping the length of communication offshore was imperative to save time. Software the premier source for global project shipping. Bbc chartering operates the markets largest fleet of multipurpose and heavy lift vessels and a global service for any port, any cargo. Department of transportation in the interest of information exchange.
Measured as the vertical distance between the waterline and the lowest edge of the keel. It is a generic term referring to special commercial and industrial areas. Sep 25, 2017 en pdf common shipping terms and abbreviations school of shipping. The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. Dictionary shipping of terms, 5th edition how often have you spent valuable time searching for an authoritative explanation of a frequently used term. If, however, you do find yourself caught up in a world of shipping confusion, hopefully our below guide will help you out. Shipping terms and definitions arcbest corporation. This is a very flexible description, a rule of thumb is to present cargo at a size easily handled by a large 20 tonne fork lift truck. Cancellations made prior to the order being picked will be subject to a 10% processing fee. Apparent good order, when freight appears to be free of damage. If you are new to shipping terms contracts you may be unaware of the different trading practices in their respective countries. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. Browse the list of 10 692 shipping abbreviations with their meanings and definitions. What is the abbreviation for freight shipping terms.
Draft or draught the depth of a ship while in the water. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. Foreandaft in a line parallel to the keel forward toward the bow of the ship fot free on truck fow first open water fow free on wharf fp free pratique. About 400 people in 33 offices are passionate about delivering the industrys most trusted and highest performing transport service for projects, breakbulk and heavy lift cargoes. Sometimes called customs free zones or duty free zones. If you do not agree to this agreement please do not use this site. International conventions, abbreviations and denominations as.
In order to help you to understand cargo terminology, we have collected here for you some chartering terms. Clearance by the health authorities fr first refusal. To transfer from one ship or conveyance to another for further transit. Once the order is in process, no changes can be made.
Members can enjoy 10% cash back on purchases made at over 1,000 participating online. Advance charge transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee. A unit of electrical power and abbreviation of ampere. Terms of sale the point at which sellers have fulfilled their obligations so the goods are said to have been delivered to the buyer. An application that expedites the clearance of cargo for the subsequent release of containers. With your membership, you receive a number of benefits, subject to the terms and conditions below. Shipping dictionary shipping dictionary is a handy reference of commonly used terms and acronyms for people involved in international trade. Free on board means that the goods supplied free on board the vessel encloses not cost any trimming or stew.
Fob shipping terms freight terms customer takes title of goods customer responsibilities vendor responsibilities fob point of origin, freight collect at point of origin or factory pays freight bears freight owns goods in transit must file claims for loss, damage or. Tramp shipping ships trading where they can get cargo. Payment can be made by credit card, debit card or check. Frequently used terms and abbreviations in insurance, chartering and. Msc is a world leader in global container shipping, dedicated to providing efficient transport solutions. Freeze protection a service agreed upon prior to shipping. The buyer pays all costs when the goods are delivered. Shipping jargon explained part 1 the world of shipping is full of confusing terms and acronyms. We try not to use it when talking to you, but sometimes we slip up.
Manifest list of all cargo on board cargo manifest. Confirms the transfer of ownership of certain goods to another person in return for money paid or. Full payment is required before an order will be processed. Also, note that you can enter your freight terms and shipping abbreviations in the. Lcl less than container load when a parcel is too small to fill a container, it is grouped by the carrier at a cfs depot, with other compatible cargo, for the same destination. Conference partners agree special freight rates and terms for the trade, in order to stabilize marke t and service. The seller provides the goods in shipping port, the ships side or in the grandstand. Fios free inout stowed fiost free inout stowed and trimmed fiot free inout and trimmed fit free in trimmed fle fire, lighting and explosion flg flag flt full liner terms fo1 for orders fo3 free out fob free on board foc flag of convenience or free of claims foffer firm offer foq free on quay for free on rail fot free on truck fow1 first open. Index of this nautical glossary index aback 10 abaft 10 abaft the beam 10 abeam 10 able bodied seamen 10 aboard 10 about 10 about ship 10.
Company reserves the right to revise this agreement without notice, and it is the users responsibility to check back periodically for changes. Shipping terminology and abbreviations aframax tanker of 80000 to 120000 dwt. Click on any of the sections below to see the abbreviations used in that area. When freight appears to be free of damage so far as a general survey can determine. Freightcenter is a licensed and secured freight brokerage and thirdparty logistics provider 3pl.