|
Term |
Explanation |
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|
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AWB |
Air Waybill |
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BAF |
Bunker adjustment factor = surcharge/discount on the ocean freight rate to offset oil price – either fixed sum per TEU or in percent. |
|
Barge |
Standardised large floating container. |
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B/L |
Bill of Lading |
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Bond |
Above all in the USA region – single entry bonds and continuous bonds are a form of security or guarantee that customs duty is paid in the USA |
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Break Bulk |
Non containerised shipping of goods; goods are loaded on conventional ships or Ro/Ro ships. |
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CAD |
Cash against delivery = clause stipulating that the agreed payment is to be made after certain documents (generally bill of lading) are handed over. |
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CAF |
Currency adjustment factor used to calculate a surcharge or discount on the ocean freight rate. |
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Cargo Aircraft only (CAO) |
Indicates hazardous goods that may only be loaded on cargo planes. |
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CFS |
Container freight station = container loading and unloading point for LCL shipments. |
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C.O.D |
Cash on Delivery |
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Congestion Surcharge |
Surcharge on ocean freight rate for mooring fees in the port if it is “congested”; generally fixed amount per TEU or W/M |
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CSC |
Container Service Charge (also see THC) |
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CY |
Container Yard = delivery or reception point for full on FCL containers or empty containers. |
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Demurrage |
Mooring fee if agreed loading or unloading time is exceeded. |
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Detention |
Charge for the late return of containers. |
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DGR |
Dangerous goods regulations = govern the air transport of dangerous goods. |
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ETA |
Estimated time of arrval. |
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ETD/ETD |
Estimates time of sailing / Estimated time of departure. |
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FCL/FCL |
Full container load = container from the sender to the recipient. |
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FCL/LCL |
One sender but more than one recipient per container; the container is unloaded at the CFS in the destination port / place of departure. |
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Feeder Service |
Feeder service between secondary ports or smaller ports and main ports. |
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Compulsory Payment |
In certain regions, the maritime shipper or air freight carrier only agrees to transport the goods following payment at the port of departure. |
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Freight Prepaid |
Sender or supplier pays for the freight transport in advance. |
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Freight Collect |
Sender or supplier pays for freight transport when he receives the goods. |
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Fuel Surcharge |
Fuel surcharge levied buy the airline/carrier per kg. |
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Full Set |
Full set of original B/L, generally 3/3 |
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G/A |
General average = accident of a ship at sea. |
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Gross Weight |
Weight of goods including packaging. |
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HAWB |
House Air Waybill for the individual consignment on a colsilidated shipment. |
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IATA |
International Air Transport Association |
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I.C.C |
Institute Cargo Clauses = general insurance terms for good transport. |
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IMDG |
International code issues by the IMO governing the maritime shipping of dangerous goods; generally in conformance with the German GGVS regulations. |
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IMO |
International Maritime Organisation = an advisory international maritime shipping organisation whose mission is to improve shipping safety. |
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In Bond |
Duty-unpaid goods under customs bond. |
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L/C |
Letter of credit |
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LCL/FCL |
More than one sender but one recipient per container - the container is loaded at the CFS in the country or port of departure and shipped right through to the recipient. |
|
LCL/LCL |
Less than container load = general cargo consignments shipped by (consolidated) container transport from CFS to CFS |
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Lower Deck |
Loading on the lower deck (passenger + freight aircraft) |
|
Main Deck |
Loading on the main deck (generally freight aircraft) |
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MAWB |
Master air waybill = waybill fro the individual consolidated shipment or direct consignment. |
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M/M |
Minimum Freight |
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NVOCC |
Non vessel operating common carrier = transport company / carrier who undertakes to transport goods by sea without owning his own ships; frequency found in the LCL/LCL segment; NVOCC bills of lading are fully bankable. |
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Payload |
Weight of goods loaded in to a container. |
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PAX |
Indicates hazzardous goods thast may also be loaded on to passenger planes. |
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Sea way-bill/Express B/L |
Sea waybill for which no originals are created; not negotiable like the B/L - allows rapid and problem free delivery of goods in the destination port; cannot be used in all regions; is not used in the case of letter of credit. |
|
Security Surcharge |
Security surchage levied by the airline per kg |
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SMA |
Security maniufest amendment fee |
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SMD |
Security manifest documentation fee |
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Stripping |
Unloading of (consolidated) containers |
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Stuffing |
Loading of a container |
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TEU |
Twenty Foot Equivalent unit, 20' ISO Unit |
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TACT |
The Air Cargo Tariff |
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THC |
Terminal Handling Charges |
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Three Letter Code |
Every airport has one comprising of three letters e.g.: CHC = Christchurch, AKL = Auckland |
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ULD |
Unit Load Device (e.g. container, pallet etc.) |
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VAT |
Value Added Tax |
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Volume |
Dimensional weight in the airfreight sector based on a ration of 6:1; calculation L cm x W cm x H cm / 6000 = dimensional weight to be compared to the actual weight of the shipment. The higher wieht is used as a basis for calculating freight fees. |
