SHIPPING LANGUAGE GLOSSARY

A
ATA
Actual time of Arrival
ATD
Actual time of Departure
Agw
All Going Well
Arbitrary
Charge to cover the cost of a feeder vessel to get the container to the main port
B
B/B
Breakbulk cargo
BAF
Bunker Adjustment Factor (surcharge for bunker costs)
BCO
Beneficial Cargo Owner (Shippers with direct contract with Carriers)
BL (Master Bill of Lading)
It works as: Contract of Carriage,
Receipt,
House Bill of Lading: BL issued by the NVOCC to the Customer,
Manifest: Collection of BL for Vessel/Voyage
BOD
Board of Directors approval
BUC
Bunker: (cost for the fuel used by the vessel during the voyage
Basis 1/1
Basis 1 port to 1 Port
Bends
Both ends (Load & Discharge ports)
Broken stowage
The cargo space which is unavoidable lost when stowing cargo. The percentage of wasted space depends upon e.g the kind of cargo, the packing and the used space.
Broker
Intermediary at destination (usually notify) to clear Customs
C
CAF
Currency Adjustment Factor
CFS/CFS
Rate is valid from Container Freight Station to Container Freight Station.
COB
Closing of Business hours.
COC
Carriers own container
COG
Center Of Gravity Congestion Accumulation of vessels at a port to the extent that vessels aariving to load or discharge are obliged to wait for a vacant berth
CP (or C/P)
Charter Party
CY/CY
Rate is valid from Container yard to Container yard – used for container shipments only.
Chargeable weight in Airfreight
In Airfreight, 1 cbm = 167 kgs. Example: shipment of 200 kgs 7.00 cbm, will be charged as 7.00 x 167 kgs = 1169 kgs.
Chassis split
when the container is not located in the same place as the chassis and the trucker needs to bring the chassis to the container location. For example: If an ocean port doesn’t have any chassis available or the trucker doesn’t own chassis, the trucker may travel to a nearby chassis pool first, pick up the chassis, and then proceed to the port from there.
Chopt
Charterers Option
Collect
Charges paid at POD
Congestion Surcharge
to cover the cost of exceptional congestion at POL and/or POD
Consignee
whoever receives the goods
D
DC container
Dry Cargo container = standard closed box container
DV container
Dry Van container = standard closed box container
DWT
Dead Weight ton – definition of vessel size
Direct Service
when a container leaves and arrives on the same ship
Drop & hook
same for drop and pick but the trucker instead of leaving without container on the first trip, picks up another empty/full at the same facility to be returned at the port/depot
Drop & pick
the only difference with the live load/unload move is that the container is dropped at the customer facility and the trucker comes back after a certain amount of time to pick it up (2 trips)
E
ETA
Estimated time of Arrival
ETD
Estimated time of Departure
Elsewhere
Charges paid in a country which is not the at POL neither the POD
Types of charges
F
FCL (Full Container Load)
A container stuffed or stripped under risk and for account of the shipper and/
or the consignee.
A general reference for identifying container loads of cargo loaded and/or
discharged at merchants’ premises.
FEU
Forty Equivalent Unit. One 40’ is equal 2 TEU or 1 FEU (2 slots)
FHINC
Fridays, Holidays included (Muslim countries)
FILO
Free in / Liner Out – It means that loading incl. lashing & securing of goods are excluded in the price, but discharge cost are included in the price
FIOS
Free in and out, stowed. It means that loading and discharge of goods, stowage, lashing and securing, is additional and not included in price.
Free out Consignee shall arrange and cover cost of discharge of cargo from vessel.
FOT
Free on Truck. Loading and unloading of cargo to/from truck is NOT included.
FR container
Flatrack container
Freight Forwarder
Intermediary between Shipper and Carrier
Full-cargo / Solecargo
Vessel is booked only with one shipment cargo and will sail directly from port of loading to port of discharge
G
GP container
General Purpose container = standard closed box container
GRI
General Rate Increase – Expression used by container carriers, as example rate subject to GRI as from 1st July.
Gsbaaaa
Good Safe Berth, Always Afloat, Always Accessible
H
HC container
High Cube container = container which is 1’ (abt 30 cm) higher than normal containers
Hot permit
Permit to perform welding work.
I
ISPS
International Ship and Port Facility Security Charge
L
L/S/D/W
Lashing, Securing, Dunnaged, Welding
LCL (Less than Container Load)
A general reference for identifying cargo in any quantity intended for carriage
in a container, where the Carrier is responsible for packing and/or unpacking
the container.
LIFO
Liner in / Free Out – Vice Versa of above.
LOA
Length Overall of the vessel
Live load
pick up the empty container at the port/depot, go to the customer facility and wait without leaving, for the container to be loaded and then returned to the port/depot to drop the full container
Live unload
pick up the full container at the port/depot, go to the customer facility and wait without leaving, for the container to be unloaded and then return to the port/depot to drop the empty container
M
MLB
Mini land bridge
Minimum inducement
Minimum freight rate applicable to start the the voyage to cover cost for loading operation, discharge operation and the voyage.
molchopt
More or Less Charterers Option
N
NOR
Notice of Readiness
NVOCC
Non-Vessel Operator Common Carriers.
Non-reversible Detention
If loading completed sooner than expected, then saved days will not be added to discharge time allowed.
Notify
whoever is to be notified when cargo arrives
O
OF
Ocean Freight: (the money due for the carriage of goods)
OT container
Open Top container
On-carriage
transportation between POD and final inland destination
Out – of – Gauge / OOG
Oversized cargo, on Flat rack or Open Top container
Owner
whoever owns the goods
P
PDPR
Per Day Pro Rata
POD
Port of discharge
POL
Port of loading
POL/POD
before detention cost will count.
Part-cargo
Expression used when booking with breakbulk carriers in tramp service. Part-cargo means that only part of the vessel is booked.
Port Pairs
combination of ports at origin and destination
Pre-Pull
A pre-pull is when the trucker pulls an FCL container from the port/depot and stores it at the trucker’s yard instead of immediately delivering it.
Pre-carriage
transportation between point of origin and POL
Prepaid
Charges paid at POL
R
RF container
Reefer container (can maintain fixed temperature during transport, cold or warm)
RO/RO
Roll on / Roll off – Vessel type with a ramp, ie car carriers
Reversible Detention
If loading completed sooner than expected at load port, then days saved can be added to discharge operation
Roll Over Fee
if the container gets rolled on the next vessel due to Shipper’s error
Rotation
Order in which the ships call the various ports
S
SHEX
Sundays, Holidays excluded
SHINC
Sundays, Holidays included
SOC
Shipper’s own container
SOF
Statement of Facts
SSHEX
Saturday, Sunday, Holidays excluded
Shipper
whoever ships the goods (can be either “proprietary shipper” or NVOCC)
Static cargo
Cargo which is not on own wheels and can be rolled on board. Cargo will be stowed on roll trailers / mafi trailers.
Stripping
is the unloading of various small consignments from a single container, usually done at off site / forwarder’s facility
T
TBN
To be Named / To be Nominated
TEU
Twenty Equivalent Unit. One 20’ is equal 1 TEU (1 slot)
Transit Time
time from port A to port B
Transshipment Service
when a container leaves on a ship and arrives on a different ship
Intermodal terminology
W
W/M, RT or FR Weight
Measure, Revenue Ton, Freight ton: 1 ton equals 1 cbm. Each package is rated individually, depending on weight/volume.
WHA
WHA (A charge assessed by a pier or dock owner for freight handled over the pier or dock or for a steamship company using the pier or dock)
Winter Surcharge
For example, it is applicable during winter season to ports in Russia
wog
Without Guarantee
wp
Weather Permitting