Freight Surcharges in Abbreviation
Common shipping and freight abbreviations
We deal with a lot of abbreviations on a daily basis, but not all of us know what it is and what it means.. Here are some of the practical and common day to day abbreviations used.. This is by no means complete, but so far it just covers the terms that we use on a daily basis in terms of containerised operations..
If you wish to contribute any more abbreviations please do so in the comments section and i will update in the page..
ANF – Arrival Notification – usually sent by the lines to the consignee and/or notify parties on the bill of lading to advise the arrival details of the cargo
B/L – Bill of Lading – a document that evidences the contract of carriage and receipt of the goods by the carrier that will fulfill the contract of carriage
BAF – Bunker Adjustment Factor is a surcharge to cover oil price fluctuation
CAF – Currency Adjustment Factor is a surcharge to cover the currency fluctuations – charged still on some of the routes
COO – Certificate Of Origin – issued by the local Chamber Of Commerce for all shipments exported out of South Africa
CTO – Container Terminal Order – document used to move containers in and out of port – specific to South Africa
DO – Delivery Order – document used to get release of an import cargo
DRO – Delivery Release
Order – document used to get release of an import cargo from an overstay depot
ETA – Estimated Time of Arrival of a ship at the port ETB – Estimated Time of Berthing of a ship at the port
ETC – Estimated Time of Completion of a ships work at the port
ETD – Estimated Time of Departure of a ship from the port
FAK – Freight All Kinds – freight charged on the basis of the container irrespective of the type of cargo loaded in the container
FCL – Full Container Load – denotes the container has cargo that is shipped by one shipper for delivery to one consignee
FEU – Forty Equivalent Units – denotes a standard container that is 40’ in length
HBL – House Bill of Lading – issued by the Freight Forwarder or NVOCC Operator to his shippers covering cargo that is shipped on their behalf
IMO Class – the classification number of hazardous cargoes as prescribed by the
IMO – for further in-depth info on the IMO class
IMO – International Maritime Organisation – the body that has been set up by the United Nations to co-ordinate international maritime procedures and practices
INCO Term – various terms defined by the International Chamber of Commerce which iswidely accepted and used by various entities for their trade.
L/C – Letter of Credit – a credit document issued between banks, shippers and consignees
LCL – Less than Container Load – denotes the container has cargo that is shipped by many shippers for delivery to many consignees
M.V – Motor Vessel – you will normally see this in front of the name of the ship in certain documents
MBL – Master Bill of Lading – issued by the line to the Freight Forwarder who might have issued his HBL in lieu of this MBL
MT – Metric Ton – a unit for measuring weight
NVOCC Operator - Non Vessel Operating Container Carrier - a carrier who issues house bills of lading for carriage of goods on vessels that he neither owns nor operates
OBL – Original Bill of Lading
POD – Port Of Discharge
POL – Port Of Loading
SOB – Shipped On Board date indicates the date on which the container was loaded on board the subject ship
SOC – Shippers Owned Container – a container that is owned by the shipper as opposed to containers that are generally owned by the shipping lines
TEU – Twenty Equivalent Units – denotes a standard container that is 20’ in length.. Space and capacity of a container ship is calculated basis the number of 20’ containers that a ship can carry unless it is specially designed to carry more 40’ units
THC – Terminal Handling Charges – this is charged by the respective port or terminal where the ships are loaded and off-loaded
UN No. – a number or ID given to each of the hazardous substance or hazardous group by the United Nations so to identify the haz substance being transportedPowered by TCPDF (www.tcpdf.org)