{"id":763,"date":"2012-10-24T16:49:46","date_gmt":"2012-10-24T16:49:46","guid":{"rendered":"http:\/\/toyota-dealer.org\/wp1\/2012\/10\/24\/shipping-terminology\/"},"modified":"2012-10-24T16:49:46","modified_gmt":"2012-10-24T16:49:46","slug":"shipping-terminology","status":"publish","type":"post","link":"https:\/\/toyota-dealer.org\/wp1\/shipping-terminology.html","title":{"rendered":"Shipping Terminology"},"content":{"rendered":"

Shipping Terminology<\/h1>\n

Here are major shipping terms that are bandied around while vehicle is being shipped.<\/p>\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Term<\/strong><\/td>\nFull Form<\/strong><\/td>\nDescription<\/strong><\/td>\n<\/tr>\n
3PL<\/td>\n3rd Party Logistics<\/td>\nA third party, who takes care of the logistics value chain.<\/td>\n<\/tr>\n
BAF<\/td>\nBunker Adjustment Factor<\/td>\nA kind of fuel surcharge added to the freigt rates.<\/td>\n<\/tr>\n
Barge<\/td>\nA kind of small ship<\/td>\nFlat Bottomed cargo carrying boat. It is used for movement of small quantity cargo. Mainly used for coastal or river movements.<\/td>\n<\/tr>\n
BL<\/td>\nBill of Lading<\/td>\nBL is issued by the carrier (Shipping Line\/NVOCC). This is the document which is presented to the shipping line at POD, and then only cargo can be cleared.<\/td>\n<\/tr>\n
Break Bulk<\/td>\nBreak Bulk Cargo<\/td>\nThe cargo which can be counted (Other than Containers). It includes Steel coils, Vehicles etc.<\/td>\n<\/tr>\n
Bulk Cargo<\/td>\nBulk Cargo<\/td>\nThe cargo like coal, limestone etc. These are loaded in the hatches of the ships with the help of cranes having grabs.<\/td>\n<\/tr>\n
CAF<\/td>\nCurrency Adjustment Factor<\/td>\nA kind of surcharge added to freight rates, to mitigate the currency risk.<\/td>\n<\/tr>\n
CAN<\/td>\nCargo Arrival Notice<\/td>\nA document issued by carrier\/agent to the importer, notifying him about the arrival of cargo.<\/td>\n<\/tr>\n
CBU<\/td>\nCompletely Built Unit<\/td>\nVehicles being shipped in fully built form.<\/td>\n<\/tr>\n
CFS<\/td>\nContainer Freight Station<\/td>\nCFS is a kind of customs bound warehouse, where stuffing and destuffing of containers are done. These are near to the ports.<\/td>\n<\/tr>\n
CKD<\/td>\nCompletely Knocked Down<\/td>\nVehicles being shipped in parts. One vehicle is knocked down in many small small parts and these parts are shipped in containers.<\/td>\n<\/tr>\n
CoC<\/td>\nCarrier Owned Container<\/td>\nThe containers owned by the carriers.<\/td>\n<\/tr>\n
CY<\/td>\nContainer Yards<\/td>\nThese are genaral purpose yards, where generally empty containers are stacked.<\/td>\n<\/tr>\n
DBL<\/td>\nDraft Bill of Lading<\/td>\nThe B\/L issued by the Carrier to Freight Forwarder. This is just to check the actual format of the B\/L as per LC. Master B\/L is issued on the basis of DBL and after MBL is issued, this remains null and void.<\/td>\n<\/tr>\n
DC<\/td>\nDangerous Cargo<\/td>\nCargos like petroleum, chemical etc. Special equipments are required to handle these.<\/td>\n<\/tr>\n
Demurrage<\/td>\nDemurrage<\/td>\nThe penalty paid by the charterar to the owner of the ship for delay in completing the voyage.<\/td>\n<\/tr>\n
Dispatch<\/td>\nDispatch<\/td>\nThe money paid by the owner of the ship to the charterar for completing the voyage in advance. Genarally the rate will be half of demurrage rate.<\/td>\n<\/tr>\n
DO<\/td>\nDelivery Order<\/td>\nA document issued by carrier\/agent to the importer, giving him the authority to collect the cargo. This is issued after B\/L is surrendered to the carrier\/agent.<\/td>\n<\/tr>\n
EGM<\/td>\nExport General Manifest<\/td>\nA document issued by carrier\/agent to the port authorities stating that a container is going for export.<\/td>\n<\/tr>\n
FAK<\/td>\nFreight of all Kind<\/td>\nFreight charged by linear operators. Quoted in terms of per TEU.<\/td>\n<\/tr>\n
FCL<\/td>\nFull Container Load<\/td>\nWhen one container contains cargo for only one consignee.<\/td>\n<\/tr>\n
Feeder<\/td>\nFeeder Service<\/td>\nA kind of shipping service in which ships ply between a distant port and some port having linear service. For Ex- service between Haldia and Colombo. In this case Haldia is a distant port whereas many linear routes pass through Colombo.<\/td>\n<\/tr>\n
FEU<\/td>\nForty Feet Equivalent Unit<\/td>\nA container of 40′ length. One FEU is equal to 2 TEU.<\/td>\n<\/tr>\n
FR<\/td>\nFlat Rack<\/td>\nA kind of container which has just the bottom, like a rack. Generally used for oversized cargo. Freight is more.<\/td>\n<\/tr>\n
Freight<\/td>\nFreight<\/td>\nMoney charged by shipping lines to take the cargo from one port to another.<\/td>\n<\/tr>\n
HBL<\/td>\nHouse Bill of Lading<\/td>\nThe B\/L issued by Freight Forwarder to the Shipper. In this B\/L the name of actual importer will reflect as consignee.<\/td>\n<\/tr>\n
IATA<\/td>\nInternational Air Transport Organisation<\/td>\nAn organisation of all the air transporters across the world. Any new air transporter needs an IATA license to operate.<\/td>\n<\/tr>\n
ICD<\/td>\nInland Container Depot<\/td>\nICDs’ are a kind of CFS only. The only difference is that ICDs’ are far from the ports. These are generally called Dry Ports.<\/td>\n<\/tr>\n
IGM<\/td>\nImport General Manifest<\/td>\nA document issued by carrier\/agent to the port authorities stating that a container is coming for imports.<\/td>\n<\/tr>\n
LC<\/td>\nLetter of Credit<\/td>\nLC is the master document. It is opened by the bank of consignee in favour of the shipper. All the terms & conditions of the trade are mentioned in this document.<\/td>\n<\/tr>\n
LCL<\/td>\nLess than Container Load<\/td>\nWhen one container contains cargo for more than one consignee.<\/td>\n<\/tr>\n
Lo-Lo<\/td>\nLift On Lift Off<\/td>\nIt is generally used to describe the kind of terminals where vehicles\/containers or any cargo are lifted through lifts and put onto the ship.<\/td>\n<\/tr>\n
Mate’s Receipt<\/td>\nMate’s Receipt<\/td>\nA declaration given by the captain of the ship about the cargo. B\/L is issued based on this.<\/td>\n<\/tr>\n
MBL<\/td>\nMaster Bill of Lading<\/td>\nThe B\/L issued by Carrier to the Freight Forwarder. In this B\/L Freight Forwarder will be shown as consignee. This is done to hide the actual importers details from the Carrier.<\/td>\n<\/tr>\n
MLO<\/td>\nMain Line Operator<\/td>\nThe shipping lines, having linear services.<\/td>\n<\/tr>\n
MTO<\/td>\nMultimodal Transport Operator<\/td>\nA Kind of license issued by DG-Shipping. It authorises carriers to issue multimodal B\/L.<\/td>\n<\/tr>\n
OT<\/td>\nOpen Top<\/td>\nA kind of container which has no ceiling. used for oversized cargo. Freight is more than general container.<\/td>\n<\/tr>\n
POD<\/td>\nPort of Discharge<\/td>\nThe port where cargo is to be discharged.<\/td>\n<\/tr>\n
POL<\/td>\nPort of Loading<\/td>\nThe port where cargo has been loaded on the ship.<\/td>\n<\/tr>\n
Reefer<\/td>\nRefrigerated Container<\/td>\nThe containers having refrigeration units. They have a battery to operate on and are connected to external power at ports and on ships. used for shipping meats, fruits etc.<\/td>\n<\/tr>\n
RMQ<\/td>\nRail Mounted Quay<\/td>\nA kind of crane used at container terminals.<\/td>\n<\/tr>\n
Ro-Ro<\/td>\nRoll On Roll Off<\/td>\nIt is a kind of terminal used to ship the vehicles in CBU forms. Vehicles are just driven through the terminal and parked in the ship.<\/td>\n<\/tr>\n
SKD<\/td>\nSemi Knocked Down<\/td>\nVehicles being shipped in parts. One vehicle is knocked down into 4-5 major parts and these parts are shipped.<\/td>\n<\/tr>\n
Slot<\/td>\nSlot<\/td>\nMoney charged by shipping lines from NVOCC operators to take containers from one port to another.<\/td>\n<\/tr>\n
SoC<\/td>\nShipper Owned Container<\/td>\nThe containers which have been arranged by the shipper\/agent and not by the shipping line.<\/td>\n<\/tr>\n
TAMP<\/td>\nTariff Authority of Major Ports<\/td>\nA statutory body formed by GoI. It regulates the tariffs charged at all the 12 major ports in India.<\/td>\n<\/tr>\n
TEU<\/td>\nTwenty Feet Equivalent Unit<\/td>\nRepresents a unit for containers. One TEU is equal to one container of 20′ length.<\/td>\n<\/tr>\n
THC<\/td>\nTerminal Handling Charges<\/td>\nCharges to be paid to terminal operator (Most of the cases-Ports). It includes loading charges and charges paid to the stevedores.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Shipping Terminology Here are major shipping terms that are bandied around while vehicle is being shipped.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[211],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/posts\/763"}],"collection":[{"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/comments?post=763"}],"version-history":[{"count":0,"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/posts\/763\/revisions"}],"wp:attachment":[{"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/media?parent=763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/categories?post=763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/toyota-dealer.org\/wp1\/wp-json\/wp\/v2\/tags?post=763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}