Accessorial Charges – Charges which can be utilized to the bottom tariff price or base contract price, e.g., bunkers, container, foreign money, vacation spot/supply.
Aden War Risk Surcharge – A surcharge on items transiting the Gulf of Aden used to compensate shippers for added prices together with crew danger compensation, cancellation of economical pace, and redeployment of vessels.
Ad Valorem – A time period from Latin that means, “according to value.” An import obligation utilized as a proportion of the cargo’s dutiable worth.
AI – Abbreviation for “All Inclusive.” The whole worth to maneuver cargo from origin to vacation spot, inclusive of all expenses (restricted to transportation prices).
Arrival Notice – A notification by provider of ship’s arrival to the consignee, the “Notify Party,” and – when relevant – the “Also Notify Party.”
BAF – Abbreviation for “Bunker Adjustment Factor.” Used to compensate steamship traces for fluctuating gas prices. Sometimes known as “Fuel Adjustment Factor” or FAF.
Base Rate – The price of delivery a container from one level to a different. Rates fluctuate incessantly based mostly on plenty of various factors.
BL Fee – “Bill of Lading Fee.” A charge charged by the delivery line for the processing of the invoice of lading on behalf of the shopper.
BUC – Abbreviation for “Bunker Charge.” An additional cost generally added to steamship freight charges; justified by greater gas prices. Also often known as Fuel Adjustment Factor or FAF.
CAF – Abbreviation for “Currency Adjustment Factor.” A cost, expressed as a proportion of a base price, that’s utilized to compensate ocean carriers of foreign money fluctuations.
Cargo Data Declaration Fee – A surcharge assessed for the extra prices of declaring cargo data upfront to the European Union authorities as required for authorities to judge any potential safety and security threats.
Carrier – Any particular person or entity who, in a contract of carriage, undertakes to carry out or to obtain the performance of carriage by rail, highway, sea, air, inland waterway or by a mixture of such modes.
CBM (CM) – Abbreviation for “Cubic Meter.”
CFS – Abbreviation for “Container Freight Station.” A delivery dock the place cargo is loaded (“stuffed”) into or unloaded (“stripped”) from containers. Generally, this includes lower than containerload shipments, though small shipments destined to identical consignee are sometimes consolidated. Container reloading from/to rail or motor provider tools is a typical exercise. These amenities could be situated in container yards, or off dock.
Chassis Utilization Surcharge – A charge imposed for using a chassis at the side of the delivery container to facilitate overland transportation.
CL – Abbreviation for “Container load”.
COD – Abbreviation for “Collect (cash) on Delivery.”
Congestion – The time period used for conditions the place ships must queue up and watch for a spot to allow them to load or offload.
Container Yard (CY) – A materials-handling/storage facility used for fully unitized masses in containers and/or empty containers. Commonly known as CY.
CSF – Abbreviation for “Carrier Security Fee.” Charges for safety of cargo in the course of the cargo.
Customs – A authorities company charged with implementing the principles handed to guard the nation’s import and export revenues.
Customs Filing Fee – A charge paid to the customs dealer for arranging your customs clearance.
Customs Formalities – Requirements referring to customs laws together with documentation, safety, data and bodily inspection obligations.
CYRC – Abbreviation for “Container Yard Receiving Charge.”
DDC – Abbreviation for “Destination Delivery Charge.” A cost, based mostly on container measurement, that’s utilized in lots of tariffs to cargo. This cost is taken into account accessorial and is added to the bottom ocean freight. This cost covers crane lifts off the vessel, drayage of the container inside the terminal and gate charges on the terminal operation.
Demurrage – A penalty cost towards shippers or consignees for delaying the provider’s tools or vessel past the allowed free time. Demurrage applies to cargo; detention applies to tools. If you retailer a container on the port past free days, then demurrage and detention applies. If you retain a container for too lengthy on every other premise (not on the port’s premises), then solely detention applies.
Destination – The place to which a cargo is consigned or the place the place the provider really turns over cargo to consignee or his agent.
Detention – A penalty cost towards shippers or consignees for delaying provider’s tools past allowed time. Demurrage applies to cargo; detention applies to tools. If you retailer a container on the port past free days, then demurrage and detention applies. If you retain a container for too lengthy on every other premise (not on the port’s premises), then solely detention applies
DTHC – Abbreviation for “Destination Terminal Handling Charge.”
Dutiable Value – The quantity on which an Ad Valorem or customs obligation is calculated.
EBS – Abbreviation for “Emergency Bunker Surcharge.” A surcharge added to the price of freight to cowl gas prices.
EIS – Abbreviation for “Equipment Imbalance Surcharge.” A surcharge on an ocean freight price, imposed by delivery traces, to get better prices associated to eradicating giant portions of empty containers from a rustic or international locations the place there isn’t a export use for these containers that had been beforehand imported into these locations. The cost is normally a flat price per container, and it isn’t essentially utilized in all trades or always, reasonably it is just utilized when such commerce imbalances necessitate giant expenditure on shifting empty containers from one place to a different.
ENS – Abbreviation for “Entry Summary Declaration.” An ENS is an digital declaration of products being carried into the customs territory of the neighborhood.
Environment Fee Destination – Environmental surcharges imposed by the vacation spot port. Covers varied contingencies akin to hydrocarbon spill cleanup prices and different mandated charges.
ERR – Abbreviation for “Emergency Rate Restoration.” A surcharge added to the price of freight to cowl will increase in delivery prices.
ERS – Abbreviation for “Equipment Repositioning Surcharge.” A charge imposed when a shipper requests that the provider make empty containers out there that have to be moved from one location to a different
ETA – Abbreviation for “Estimated Time of Arrival.”
ETD – Abbreviation for “Estimated Time of Departure.”
ETR – Abbreviation for “Estimated Time of Readiness.”
ETT – Abbreviation for “Estimated Time to Travel.”
FCL – Abbreviation for “Full Container Load.”
Forwarding Fee – A charge charged for the providers of a freight forwarding firm.
Freight Forwarder – An individual whose enterprise is to behave as an agent on behalf of the shipper. A freight forwarder incessantly makes the reserving reservation. In the United States, freight forwarders at the moment are licensed by the FMC as “Ocean Intermediaries.
FS – Abbreviation for “Fuel Surcharge.”
GAS – Abbreviation for “Gulf of Aden Surcharge.” Used to compensate delivery traces for added prices incurred as a result of transiting the Gulf of Aden.
GRI – Abbreviation for “General Rate Increase.” Used to explain an across-the-board tariff price improve carried out by convention members and utilized to base charges.
Handling Fee – A charge for transporting, storing, or packaging items.
Hazardous Surcharge – A surcharge imposed for delivery hazardous supplies or items.
HC – Abbreviation for “High Cube.” Containers which can be 9 ft 6 ins excessive as an alternative of normal eight ft 6 ins.
ISF – Abbreviation for “Importer Security Filing.” A US Customs and Border Protection (CBP) regulation requiring importers and vessel carriers to offer information electronically to CBP for in-bound ocean shipments. Also often known as 10+2.
ISPS – Abbreviation for “International Ship and Port Security Code.” It is an amendment to the Safety of Life at Sea (SOLAS) Convention (1974/1988) on minimum security arrangements for ships, ports and government agencies. Having come into force in 2004, it prescribes responsibilities to governments, shipping companies, shipboard personnel, and port/facility personnel to “detect safety threats and take preventative measures towards safety incidents affecting ships or port amenities utilized in worldwide commerce.”
LCL (LTL) – Abbreviation for “Less than Container Load” or “Less than Truck Load.” The amount of freight which is lower than that required for the appliance of a container load price.
MT – Abbreviation for “Metric Ton.”
NBC – Abbreviation for “New Bunker Charge.”
NOx – Abbreviation for “Nitrogen Oxides.” Refers to the gasses NO and NO2 produced from the response of nitrogen and oxygen gases within the air throughout combustion.
Ocean Rate – See Base Rate
Origin – Location the place cargo begins its motion.
OWS – Abbreviation for “Over Weight Surcharge.”
Piracy Surcharge – A cost assessed to compensate delivery firms for elevated prices related to avoiding piracy and hijacking.
POD – Abbreviation for “Port of Destination.”
POL – Abbreviation for “Port of Loading.”
Port Dues – Fees charged by the harbor authority on ships utilizing the port`s amenities.
Port of Entry – Port the place cargo is unloaded and enters a rustic.
Port of Exit – Place the place cargo is loaded and leaves a rustic.
PSS – Abbreviation for “Peak Season Surcharge.”
Release Fee – A charge charged by the vacation spot port to launch cargo for additional motion or motion.
SCS – Abbreviation for “Suez Canal Surcharge.” Used to compensate delivery firms for added prices incurred as a result of transiting the Suez Canal.
Sea Freight Rate – See Base Rate
SES – Abbreviation for “Special Equipment Surcharge.”
Shipper – The particular person or firm who’s normally the provider or proprietor of commodities shipped. Also known as Consignor.
Surcharge – An additional or extra cost.
Surtax – An additional or extra tax.
TAD – Abbreviation for “Transit Accompanying Document.” A doc accompanying uncleared items throughout transit from one approved location to a different.
THC – Abbreviation for “Terminal Handling Charge.” Sometimes known as Capatazia, specifically in Brazil.
THC Destination – Terminal Handling Charges incurred on the vacation spot port.
THC Origin – Terminal Handling Charges incurred on the port of origin.
Terminal Charge – A cost made for a service carried out in a provider’s terminal space.
Terror – The risk of terrorist acts towards the delivery and port trade.
TEU – Abbreviation for “Twenty foot Equivalent Unit.”
Wharfage – A Charge assessed by a pier or dock proprietor towards freight dealt with over the pier or dock or towards a steamship firm utilizing the pier or dock.
3PL – Abbreviation for “Third Party Logistics.” An organization that gives logistics providers to different firms for some or all of their logistics wants. It sometimes contains warehousing and transportation providers. Most 3PL’s even have freight forwarding licenses.
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