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. For more detailed help, please see additional resources below. Agreement means the agreement between dqc and you relating to the provision of the services, and made on the terms of these terms and. This is a glossary of shipping terms and marine terminology as it pertains to marine insurance. The most current version of the terms will supersede all previous versions. Supply chain and logistics terms and glossary updated. A term used to describe blocked space by airlines on behalf of forwardersshippers.
Us based classification society for merchant ships and marine systems. Here we help you understand the sea freight meaning for expressions such as fca incoterms, cfr incoterms, dap incoterms etc. Shipping terms latest shipping terms for international. These and other sea freight terms are explained in our guide. Supply chain and logistics terms and glossary updated february, 2010 please note. 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. Glossary of shipbrokering terms, terms used by ship brokers, ship owners and shipping agents and freight forwarders. The consignee is typically the buyer of the goods being delivered. Glossary of terms accessorial charges charges that are applied to the base tariff rate or base contract rate, e. Bt berth terms bundling this is the assembly of pieces of cargo, secured into one manageable unit. Glossary of international shipping, customs and regulatory terms.
Freight glossary commonly used freight terms from a to z. Freeze protection a service agreed upon prior to shipping. A bill of lading issued by a freight forwarder acting as a carrier. There are so many freightrelated terms that sometimes even the pros are left scratching their heads.
Tariff a list of terms andor rates published by a carrier that includes. It serves as a document of title, a contract of carriage and a receipt for goods. This term may be used for any mode of transport including multimodal transport. Shipping terms are you unaware of the different shipping terms. The customs service authorizes bonded warehouses for storage or manufacture of goods on which payment of duties is deferred until. Line haul rate that includes the cost of drayage services and accessorial charges such as free days or per diem relief. Pertinent information such as bill of lading number. The information has been gathered from many sources believed to be reliable, but the association assumes no responsibility for the accuracy of the information. The cpt term requires the seller to clear the goods for export. Nevertheless, buyers need to be aware of shipping terms and conditions. This reflects the package density, which is the amount of space a. A glossary of common freight shipping and cargo transportation terms, including lingo used in the 3pl brokerage and trucking industry. International shipping terms and definitions fedex.
Common freight term glossary and explanations freightos. Bulkhead a wall or divider installed between freight in a trailer to keep the goods safely separated during transit. An advice that the carrier or forwarder sends to the consignee advising of goods coming forward for delivery. Browse the list of 10 692 shipping abbreviations with their meanings and definitions. List of all most popular abbreviated freight terms defined. Line haul rate that includes the combination of rail and transload costs. 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. Glossary of shipping terms alliance shipping group. 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. Lessthantruckload is a shipment of freight in a quantity that typically does not. Understanding freight shipping terms and definitions. Specifies the terms under which the air carrier is agreeing to transport the goods and contains limitations of liability. A point beyond the midpoint of a ships length, toward the stern relative to an object or point of reference abaft the fore hatch.
Department of transportation in the interest of information exchange. We do our best to answer all of your freight shipping questions and provide you with the information you need to make informed decisions about your chosen carrier. Bill of lading a document signed by the carrier which acts as a receipt and evidence of title to the cargo. An action wherein a shipperconsignee seeks authority to abandon all or parts of their cargo. Glossary of customs and trade terms b bl abbreviation for bill of lading. Acceptance of terms through use by using this site, you user signify your agreement to these terms and conditions. Our exhaustive glossary fleshes out freight, clarifies cargo, and demystifies the documents with easytounderstand explanations of the words and acronyms you will encounter most. Common rates are now 1200, 2400, 4800, 9600 bits and 19. Freight terms identify the party responsible for the payment of freight and are usually expressed as. In some ports the ship is aground when approaching or at berth.
It is a gradual increase by addition over a period of time and is a way of recognising that an expense or revenue and the related liability or asset can increase over time and not as signalled by an explicit cash transaction. This is a very flexible description, a rule of thumb is to. If your importing cargo via seafreight you will need to know your incoterms. Shipping terms and definitions arcbest corporation.
Whether youre new to the freight industry or want to brush up on freight terms, our shipping. Terminals, restrictions, free time, local surcharges, office calendar. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Air waybill number awb the number assigned to a shipment by fedex, and used to track a package. Once an items has been added to the shopping cart the shipping and tax estimator box will appear.
Glossary of shipping terms yrc freight ltl since 1924. Accumulator a container in which fluid is stored under pressure as a source of hydraulic energy. If you are new to shipping terms contracts you may be unaware of the different trading practices in their respective countries. Oct 18, 2018 for a more in depth look into the most common freight shipping terms and definitions, check out our freight shipping terminology page. Whether youre a beginner in the industry or even a seasoned pro that needs to brush up on the definitions. Browse the list of 1 969 freight abbreviations with their meanings and definitions. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination. A document that establishes the terms of a contract between a shipper and a transportation company.
A sail is aback when sheeted to windward, or when the wind comes on what should be its lee side. The area immediately in front of or behind a wharf shed on which cargo is. In addition to indicating whether freight is permitted, the freight terms determine when ownership of items transfers to the customer and who is responsible in the event of damage claims. An application that expedites the clearance of cargo for the subsequent release of containers. Liner terms freight rates which include loadingunloading charges, generally with regular shipping lines. Lessthancontainerload indicates that multiple shipments are combined into one container.
Weve created a graphic that illustrates frequently used shipping and. Schumacher cargo logistics shipping terms and conditions. A contract term requiring that the vessel not rest on the ground. Port charge relating to a vessel moored at approved anchorage site in a harbor. Find definitions to over 300 freight industry words and acronyms. Pro short for progressive number, the pro is a unique identi. Incoterms explained international commercial terms incoterms or international commercial terms first created in 1936 by the international chamber of commerce, incoterms are uniform, internationally recognized foreign trade terms that refer to the type of agreement for the purchase and shipping of goods internationally. Glossary of shipping terms download pdf weve put together this shipping glossary chart to help you navigate the international shipping. The international warehouse logistics association iwla does not take responsibilityfor the content of these definitions and doesnot endorse theseas official definitions. If you arent familiar with the transportation industry, acronyms and industry jargon might make it difficult to find the services you need.
Increasingly these vessels have coated tanks and are capable of carrying clean products. Bare table intermodal flat cars moving empty, with no vans or containers on them. Net weight the weight, or mass, of the goods themselves without any. Incoterms citt webinar series domestically, the definition of these terms, as well as a few others, derive from a combination of.
Crane industry terms many terms are used by crane operators which refer to crane function, assembly, operation and maintenance. The management and control of activities and drivers to calculate accurate product and service costs, improve business processes, eliminate waste, influence. The package weight rounded up to the next whole pound. Disclaimer this information is disseminated under the sponsorship of the u. When your shipment over hangs the dimensions of a shipping container. Ex works exw is an international trade term by which a seller makes the product available at a designated location, and the buyer incurs transport costs. Brush up on your international shipping vocabulary or find the definition for a specific shipping or customs term. 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. 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. In particular, he is not responsible for loading the goods in a vehicle apply only at the point of origin, and the seller agrees to place the goods at the disposal of the. We used our extensive logistics knowledge and experience to create a straightforward guide to freight shipping and logistics terminology. The terms and conditions of the contract may well be different to the terms and conditions contained on the shipping companys bl, which can in extraordinary circumstances lead to legal complications should a dispute arise.
Company reserves the right to revise this agreement without notice, and it is the users responsibility to check back periodically for changes. Beneficial owner person or legal entity who owns or has title to the freight being transported. A document that certifies the countryterritory where the product was made i. Actual time of arrival, or airporttoairport, or air transport association of america. Fulltruckload, also known as truckload tl, typically signifies that there is enough freight to fill a trailer. Bl requiring updates that do not change financial status. Glossary of international shipping terms old dominion freight line. Term used by carriers when shipping containers are lifed off the vessel import or forwarders truck export onto the forwarders truck import or vessel export gp general purpose container. In 1936 the icc first defined the international commerce terminology inco terms, and we have summarised the 11 incoterms which have recently been revised by the icc incoterms drafting committee for 2020. A shipment in a secure holding area at customs, where it remains until the correct information is obtained to finalize customs clearance. It is especially important for longterm shipping contracts when a carrier experiences varying fuel costs week by week. The following glossary provides a list and brief definition of fundamental terms used in the crane industry.
Ocean cargo insurance services worldwide addresses the insurance needs of importexport companies and commercial shippers who require ocean cargo, air cargo, motor truck cargo andor export credit insurance. A shipping document used to confirm shipment delivery and indicate payment terms prepaid or collect and that describes the shipment. A freight term indicating that the seller is responsible for cost, the marine insurance, and the freight charges on an ocean shipment of goods. If you do not agree to this agreement please do not use this site. Bunkers name given for vessels fuel and diesel oil supplies originates from coal bunkers. Glossary association of marine underwriters of san francisco. Ocean cargo insurance glossary of terms and definitions. Annex 1 glossary of key shipping terms aframax a tanker of 80. Obsolete, although heavily used, term of sale meaning cargo and freight whereby seller pays for cost of goods and freight charges up to destination port. Access holes holes cut in ships structure to permit entering or leaving various compartments.
Airfreight terminology air freight air charter air cargo. This is the assembly of pieces of cargo, secured into one manageable unit. Definitions for terms used to describe shipment types and special services are found below. Dont make mistakes with our foolproof guide, checklist and case studies. For domestic and international services, the billable weight will be the greater of the dimensional weight as compared to the actual weight. Incoterms are a standard set of terminology, created by the international chamber of commerce icc, used universally, defining the key parts of freight forwarding. It is a term of trading in which the buyer of the goods pays an amount which covers the cost of the goods plus the cost of transporting the goods from origin to the port of discharge or final destination. Whether youre new to the freight industry or want to brush up on freight terms, our shipping dictionary is your goto resource.
The baud rate is equal to the number of pulses that can be transmitted in one second, often the same as the number of bits per second. Freelinwade reserves the right, in its sole discretion, to change the terms under which is offered. 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. Weve explained a few of the more common ones, but get in touch if there are any we dont have listed. Incoterms glossary exw ex works exw ex works means that the sellers only responsibility is to make the goods available at his premises that is, works or factory. Get your free pdf now, and control your risks and responsibilities for each of the 11 incoterms 2020 at a glance. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. Shipping and freight forwarding terms and acronyms can be a real minefield. An agreement by a steamship line to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer who then becomes liable for payment even though he is later unable to make the shipment.
Advance charge transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee. Meaning according to value, it is the chargeable tax based on the value of goods or property. List of all most popular abbreviated shipping terms defined. Manifest a list of the various shipments being carried on a ship or aircraft. Enter the term you are searching for in the search for field. What are the most common freight shipping terms and.