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Glossary of
Terms |
| 20' |
Standard Twenty Foot long shipping container |
| 40' |
Standard Forty Foot long shipping container |
| ACS |
Australian Customs Service |
| APSC |
Australian Port Service Charges |
| AQIS |
Australian Quarantine Inspection Service |
| BAF |
Bunker Adjustment Factor - charged by
shipping companies to alleviate fluctuating Bunkering costs (Ship's fuel
oil ). |
| CFR |
Cost and Freight - Seller is responsible for
cost of goods, transport to vessel and ocean freight to named
destination e.g. C&F Singapore |
| C.I.P |
Carriage and Insurance Paid to - The goods
have been delivered to the carrier |
| C.P.T |
Carriage Paid to - The goods have been
delivered to the carrier |
| C.I.F |
Cost, Insurance and Freight ( named port ) -
Seller is responsible for all costs as in C&F plus Marine Insurance of
the cargo. |
| CAF |
Currency Adjustment Factor - charged by
shipping companies to alleviate exchange rate deficiencies. |
| CBM / M3 |
Cubic Metre |
| CU FT |
Cubic Feet - 33.315 cubic feet = 1 cubic
metre |
| CY |
Container Yard - usually shown as CY / CY or
CY Melbourne / CY Singapore and applies to FCL's moving through the
system. |
| D.A.F |
Delivered at Frontier - the goods have been
placed at the disposal fo the buyer |
| D.E.S |
Delivered ex Ship - Ready for unloading at
the named port of destination |
| D.E.Q |
Delivered ex Quay - Delivered on the Quay at
named port of Destination |
| D.D.U |
Delivered Duties Unpaid - Delivered to door
covering all costs except import duties and taxes |
| D.D.P |
Delivered Duties Paid - Delivered to door
covering all costs |
| D.O. |
Delivery Order - a cargo release document
given in exchange for an original Bill of Lading. Issued by Shipping
companies and Freight Forwarders to enable Consignees to collect
cargo/containers ex wharf or depot. |
| EDN |
Export Declaration Number - permit required
for all exports over the value of A$2000.00 per consignment |
| ERA |
Export Receival Advice - mandatory
documentation for receival of Full Container Loads into export terminal
/ wharf |
| Ex Works |
Buyer bears all costs of transport from
Sellers premises to Buyers premises. |
| FAS |
Freight Along Side - Freight delivered along
side of the ship |
| FCA |
Free Carrier To - the goods have been
delivered to the carrier |
| FCL |
Full Container Load |
| FEU |
Forty Foot Equivalent Unit i.e. 1x 40'
Container |
| F.O.B |
Seller is responsible for all costs up to
Free On Board ship at a named Port. e.g. FOB Melbourne. Buyer is
responsible from "Ship's rail". |
| HAWB |
House Airway Bill - is the freight document
issued by the Forwarder. Although similar to the Bill of Lading it does
not confer title in the goods and therefore does not have the legal
standing of a Bill of Lading. |
| HBL |
House Bill of Lading (Bill of Lading issued
by a Freight Forwarder) |
| ITF / IDF |
Air cargo charges. International Terminal
Fee / International Documentation Fee |
| KG |
Kilogram - 1000 = 1 Tonne |
| LBS / lbs |
Pounds - 2.204 lbs = 1kilogram |
| LCL |
Less than Container Load |
| Letter Of Credit |
Commercial instrument for organising
payments - some forms offer security and minimise risk. Available
through the Banks |
| LO / LO |
Lift On / Lift Off - charges levied by
Terminal operators |
| MAWB |
Master Airway Bill - is the Airway Bill
issued by the Airline or principal carrier. |
| OBL |
Ocean Bill of Lading - issued by the
Shipping Line / Owners |
| PRA |
Pre-receival Advice - Stevedores document to
enter the International terminals |
| PSC or APCA |
Port Service Charges / Australian Port
Charges Applicable. |
| Shipper's Letter Instruction
(SLI) |
Forwarding Instructions to Air or Sea
Carrier |
| TEU |
Twenty Foot Equivalent Unit i.e. 1x 20'
Container |
| THC |
Terminal Handling Charge - levied by
shipping companies and reflects the local port costs of stevedoring. |
| TRC |
Terminal Receival Charge - levied by some
ports and/or shipping companies to reflect cost of cargo stevedoring for
receivals. |
| ULD |
Generic term for Air cargo containers |
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