U.S. trucking services are provided by Flexport International, LLC, a FMCSA licensed property broker USDOT #2594279 and MC #906604-B. Alongside: A phrase referring to the side of a ship. GAS: Gulf of Aden Surcharge – Compensates shipping lines for additional costs incurred due to transit through the Gulf of Aden. SWIFTSociety for Worldwide Inter-bank Financial Telecommunications, whereby banks can electronically transfer funds, issue L/Cs, etc. Can be inland or at the dock-side. See also Consolidation. How is AI used in Supply Chain Management and Logistics? Consists of a base and two ends of the same dimensions as an ISO container. Free Carrier (FCA) Free carrier (FCA) terms mean that the seller must hand over the cargo to the … CBP: Customs and Border Protection – This the duty and associated processing fee when shipping goods from one country to another. The UCP500 only mentions "Documentary Credit" not "Letter of Credit". URC522Uniform Rules for Collections, International Chamber of Commerce publication 522, which lays out guidelines for banks to follow when handling Collections. This is similar in effect to DDP. Customs DutyA tax, duty or tariff levied at the time of import upon goods entering a country. How to Get an International Shipping Quote. if FI, then the shipper is responsible for the cost of loading goods onto a vessel for the international shipping overseas. Small Parcel Shipping Versus Freight Shipping – How Do You Decide? It entails your shipment traveling from its port of origin to its destination solely via water routes. Finddivers.com; Shipyards.gr; Shipsafety.gr; Marinesoft.gr; Our Services; Technical Library; RSS; Login Now required only by a handful of countries. Common term for an ocean-going freight container. ReeferColloquial for a refrigerated container. This typically includes the costs of goods, international transport, insurance premium, port charges, customs duties, delivery charges, bank charges etc. Broker . Afloat: The condition of a vessel which is floating freely (not aground or sunk). Self-Driving Trucks -- Where are They Headed? VolumetricA notional or calculated weight for bulky goods sent by air. Additional information including fuel surcharges, holiday schedules and information for processing your UPS Freight shipment. Value-added service options may vary by origin, destination and freight service selected. EIS: Equipment Imbalance Surcharge – A surcharge imposed by shipping lines, at times, for the movement of large quantities of empty containers. It will be combined with other LCL cargo from other shippers going to the same destination port, into a FAK FCL. What is Intermodal Transportation and When is it the Best Choice? Below are some of the most common ocean freight routing terms. Also shown sometimes as 167 kg = 1 cbm, More international shipping terms and list of U.S. FCA  Free Carrier (named place)- IncotermsThe Seller fulfills his obligation to deliver when he has handed over the goods, cleared for export, into the charge of a carrier, or another person, named by the buyer at the named place or point. They tell the parties what to do with respect to carriage of the goods from buyer to seller, and export & import clearance. Delivery is to the ship at the port origin or it is to the consignee at the destination port. This term can only be used for sea or inland waterway transport. "Our mission, is to service our valued clients by providing quality freight carrier options, at cost competitive rates and excellent service levels, all while providing … Flat RackA device which is designed for cargos which will not fit into containers to be shipped on container ships. 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. Cost and Freight (C&F) means that the seller must pay the costs and freight in order to transport the goods to the port of destination in question. BeneficiaryThe seller in whose favor an L/C is issued, ie the person who will "benefit" from the L/C. These ships are designed with their own derricks for loading and unloading. Being based on FCA, this term may be used for any mode of transport. The generic name of a number of traditional sailing vessels with one or more masts with lateen sails used in the Red Sea and Indian Ocean region, typically weighing 300 to 500 tons, with a long, thin hull. < -- Back to international shipping terms. Insurance CertificateA certificate issued by the insurance underwriter giving details of a particular transaction which is held insured under an insurance policy. American Group today announced that it joined the SmartWay Transport Partnership, Ways To Contain Your Trade Show Freight Shipping Costs. Unit load For example, a 40-foot container takes up the space of two TEUs. This is not meant to be an Pro Forma InvoiceA sample invoice issued by the exporter before shipment, which the importer may require to arrange import approvals or apply for a letter of credit. Incoterms 2000A set of rules for the interpretation of the most commonly used trade terms in foreign trade, recognized throughout the world, issued by the International Chamber of Commerce. OWS: Overweight Surcharge – Also known as OWC (Overweight Charge), is a fee charged by shipping lines when each container exceeds the designated acceptable weight range for its size. This is a term more generally used to describe vessels in service e.g. American Group25 S. Arizona Place., Suite 300Chandler, AZ 85225Phone: 480.406.6102Fax: 480-966.3584. Bill of Lading (BOL) - The bill of lading (BOL) is the legally-binding contract between the shipper and the carrier, broker or agent that defines all aspects of the freight shipping arrangement including what is being shipped and to whom. They help prevent misunderstandings between traders and reduce trade disputes. (see also Bill of Exchange, Cash Against Documents and URC522). In many cases, the freight forwarder will also consolidate several small shipments into one larger one to take advantage of better freight rates. Sometimes referred to as liner shipping. It is strongly recommended that every exporter and importer has a copy of the "Uniform Customs and Practice for Documentary Credits", International Chamber of Commerce publication 500. BAFBunker Adjustment Factor - an adjustment to shipping companies' freight rates to take into account fluctuations in the cost of fuel oil (bunkers) for their ships. Often used in conjunction with major projects, in the form of Bid Bonds, Performance Bonds, and Warranty Bonds, commonly for 10% of the contract value, all of which provide the buyer with a measure of comfort should the seller not fulfill his obligations at various stages of the contract. MLB: Mini Land Bridge – IPI and MLB are used interchangeably on occasion. Shipping freight LCL Vs. other modes of transportation, Sea ports and Container Freight Stations (CFS), http://www.iccwbo.org/incoterms/id3040/index.html. Letter of Credit - Under ReserveWhere documents with discrepancy/ies are nevertheless negotiated against an L/C, and the negotiating bank reserves the right to take back the funds from the exporter if the discrepancy is not acceptable to either the buyer or the L/C issuing bank. Signed by the carrier, whether a shipping line or a freight forwarder, it serves as a receipt to the consignor for the goods, as evidence of the contract of transport containing the conditions of transport, and as a document of title by which possession of the goods can be transferred. AI: All Inclusive – The total price to move cargo from point of origin to destination (transportation costs only). Container shipThe ship designed to take ISO (International Standards Organisation) containers in vertical cells within the ship's holds as well as on the deck. CYRC: Container Yard Receiving Charge – Also known as CYC (Container Yard Charge) or a Terminal handling charge. Hazardous GoodsCertain cargoes, as prescribed by the UN, such as explosive, radioactive, poisonous and flammable goods etc, which must be declared to the carrier before being loaded onto ships or aircraft. FCLFull Container Load, generally but not always indicating that goods in the container are from one seller who packed the container, going to one buyer who will unpack the container. An example of this is freight that is transported via water from the West Coast to the East Coast of the United States and then by truck or rail to Ohio. We’re here to make Shipping.Simplified®. The seller is responsible to clear the goods for export. Exchange RateThe price of one currency in terms of another. AWS: All Water Service – This is one of the most cost-effective and eco-friendly ways to ship your cargo. An agreement made by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer. The spare volume of a container or the cargo hold of a vessel where no cargoes are stowed. Unclaimed freight. CYContainer Yard - place or depot where individual containers are held prior to loading on board a ship and after unloading from the ship. An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a speci- fied price to accommodate an exporter or importer. Typically a B/L is issued in a set of three signed originals or negotiables, one of which must be presented to claim the goods upon which the others become void. The Bunker Adjustment Factor, or BAF, as it is more commonly known, is one of the charges levied on goods transported via Sea Freight. This is generally used by the Customs authorities in the importing country to assess customs duties payable. USGC: United States Gulf Coast – This term applies to all the freight ports along the Gulf Coast of the United States. In most cases, the freight forwarder will assume the legal liabilities of acting as a carrier. Demurrage and Detention Fees – What’s the Difference and How Can You Avoid Them? For more information on NVOCC services, access the UPS NVOCC Terms and Conditions. ConferenceA group of shipping companies who have associated to offer regular services on specific routes at published rates. FCL: per-container LCL: per-w/m Import/Export All countries SUE: SUEZ CANAL SURCHARGE: It is a surcharge applied to cargo transiting through the Suez Canal. Virtually all L/Cs issued under UCP500. Cash Against Documents (CAD)An arrangement whereby the buyer pays for goods as soon as the buyer receives the seller's documents. These are available from most major Chambers of Commerce, or from us at AUD 20.00 including postage, handling, and GST, to Australian addresses only. DemurrageExtra charges paid to a carrier when loading and/or unloading has not been completed within the specified time. This term very specifically requires the carriage of the goods in a "seagoing vessel". Incoterms are organized by modes of transport, either any mode or modes of transport and sea and inland waterway transport terms. SCS: Suez Canal Surcharge – Compensates shipping companies for additional costs incurred during transit through the Suez Canal. Letter of Credit - IrrevokableA credit which cannot be revoked, canceled or amended unless the beneficiary agrees. FOB  Free On Board (named port of shipment) - IncotermsThe seller fulfills his obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. Phytosanitary CertificateA document issued by the Department of Agriculture, Fisheries, and Forestry, for exports from Australia of plants or plant products. DDU  Delivered Duty Unpaid (named place of destination) - IncotermsThe seller fulfills his obligation to deliver when the goods have been made available at an agreed point at the named place in the country of importation. DumpingThe practice of selling goods in a foreign market at a price lower than which they would be sold at in the home market, to gain a competitive advantage over other suppliers. This is a flat rate per container when it is charged. They include Seattle, San Francisco, Oakland, Long Beach/Los Angeles, and more. ExportTo send goods from a country to an overseas destination. They have been used for a long time in maritime and air transport. Tips to make your tradeshow freight shipping go smoothly, Seven Factors Affecting Freight Transportation Today. ... Sea Freight - Ratio is 1CBM = 1 tonne. CAFCurrency Adjustment Factor - an adjustment to shipping companies' freight rates to take into account the effect over time of fluctuations in currency exchange rates. Generally stated as 6000cm3 = 1 kg, meaning that the total volume in cubic centimeters is divided by 6000 to give an equivalent weight in kgs. What You Need to Know About Shipping Hazardous Materials. A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | | W | Y | Z. Letter of Credit - ConfirmedA letter of credit which has been further guaranteed by a local bank generally in the exporter's country. They are trading vessels primarily used to carry heavy items, like fruit, fresh water, or merchandise. Is There Blockchain in Your Future Supply Chain? CIF  Cost, Insurance and Freight (named port of destination) - IncotermsThis term is similar to CFR but with the addition that the seller has to procure marine insurance against the buyer's risk of loss of or damage to the goods. USEC: United States East Coast – This term applies to all ocean ports along the East Coast of the United States. Successful 3PL Selection and Relationships, Minimize the impact of DIM pricing on your budget, DIM Weight and how to minimize its impact, Weight and Research Inspections What they are and… how to reduce their impact on shipping costs, NMFC changes effective 4/18/15 - Concealed Damage window reduced to 5 days. goods, freight planning is an important component of the statewide and metropolitan planning process. FAKFreight All Kinds, as a general description of the goods on a master B/L, covered under the one freight rate regardless of the nature of the individual goods. Reading a quote or invoice for ocean freight can be challenging if you don’t know all the acronyms. This term very specifically requires the carriage of the goods in a "seagoing vessel". BIFA (British International Freight Association) The international shipping term used in the ocean freight industry means that the carrier is NOT responsible for the cost of loading and unloading gods onto/from the vessel. A lack of export activity from the country where they were shipped full typically creates the need to do so. Sight DraftA bill of exchange drawn "at sight" meaning that as soon as the drawee accepts the bill it falls due for payment. CSA—Concerns expressed… So what’s happening now? The buyer is responsible for customs clearance, and if he fails to do this, he is responsible for the consequences. UCP500Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce publication 500, which lays out guidelines for banks to follow when dealing with L/Cs. You’ll clearly understand all the ocean freight abbreviations and be able to make educated shipping decisions. How does the online freight calculator work? Intermodal. Use shared truckload when your freight is: Its correct use now is only where the ship's rail is relevant to the transaction, such as when using a chartered ship, or when goods are not containerized. (See also House B/L and Master B/L). This term describes a type of intermodal freight involving ocean and truck or rail to move a shipment from one port to another. RIPI Reverse Inland Point Intermodal – This is similar to IPI except it applies when a shipment is traveling back toward its point of origin. Hours of Service and the 34-hour restart: What’s the big deal? Bill of ExchangeAn unconditional order in writing, issued by the seller (drawer) instructing the buyer (drawee) to pay the seller's bank (payee) a specified amount (normally the full invoice value) on demand (at sight) or at a fixed or determinable future time. The temperature of return air often controls the operation of the refrigeration unit. Freight ForwarderA person or corporation who arranges transport of goods on behalf of either the seller or buyer. CSA...What is it and how is it determined? F. FAS (Free Alongside Ship Incoterm) FCA (Free Carrier Incoterm) FCL (Full Container Load) FOB (Free On Board Incoterm) Forty-Foot Equivalent Unit (FEU) Obviously, it cannot apply to airfreight. See also Bill of Exchange. An example of these would be: CIF (cost insurance and freight) and CFR (cost and freight) both require the buyer to get the goods to the destination port, while absorbing all the costs and responsibilities. When time is of the essence, LC Freight can provide reliable, cost effective options to deliver your freight on time. Break-bulk Cargo . Overcoming the Complexities of International Freight. It is applied in many tariffs to cargo as an accessorial charge on base ocean freight. Commercial Freight Only, FCL: Containers with Household Goods (no cars), Shipping Household Goods – General Information, Importing Goods to the USA / U.S. Customs Broker. Goods shipped loose in the vessel hold and not in a container. There is normally an intermediary involved, ie a bank or an agent acting on behalf of the seller, to ensure that the transaction takes place smoothly. Usually based on the value of the goods (ad valorem), on the physical nature of the goods such as quantity or weight, or on a combination of the value and other factors. The risk of the loss of or damage to the goods, as well as any additional costs as a result of events after the goods are delivered onboard the vessel, transfers from the seller to the buyer when the goods pass the ship's railing in the shipping port. DES  Delivered Ex Ship (named port of destination) - IncotermsThe seller makes the goods available to the buyer on board the ship at the destination port and is responsible for all costs and risks until that point, as well as arrival within the given period. CFSContainer Freight Station - place or depot where individual LCL cargo is loaded into, and unloaded from, containers. DEQ  Delivered Ex Quay (named port of destination) - IncotermsSimilar to DES but the seller must also arrange discharge onto the quay or wharf. Trade Terms are key elements of international contracts of sale. It is issued by the carrier, whether an airline or a freight forwarder, as a non-negotiable document serving as a receipt to the consignor for the goods, and containing the conditions of transport. See also Letter of Credit and UCP500). Shared truckload (STL) A freight mode that enables several shippers to share trailer space in one multi-stop full truckload. However, be aware of any extras, for example, additional fees charged for the forwarding service. In the international ocean freight terminology, the word “Free” means “Not included”. Consular InvoiceThe seller's commercial invoice certified, for a fee, in the exporting country by the consular representative of the importing country. How Will You Benefit From Intermodal Transportation? What is a Forwarding Agent for International Freight? Although the seller agrees to pay all costs and freight to the port of destination, his responsibility for delivery ends when the goods have been delivered on board the overseas vessel at the port of shipment. I.e. TEUA twenty-foot equivalent unit, the means of describing the carrying capacity of a train or ship. Shipping MarksSpecific markings on packages to identify them apart from other packages and to identify them on the relevant documents. Flag international ocean freight carriers by U.S. Department of Transportation are in, FCL: Full Container Load. Air Waybill (AWB)The document which covers transport by air. In most cases, however, it is required to be issued by a Chamber of Commerce in the country of origin. These two terms are often used interchangeably in ocean freight and refer to the operator of the vessel itself. Knowing these terms can also have an impact on important shipping related decisions. A suitable form can be obtained from the seller's bank, or drawn upon a blank sheet of paper. Copyright 2021 American Group. The seller is responsible to clear the goods for export. How to Gain Control of Expedited Freight Costs, 5 Considerations When Selecting an Expedited Freight Method, Navigating the Driver Shortage ~ Simplified (Part 2), Navigating the Driver Shortage ~ Simplified (Part 1). Need not always be the buyer, and in some countries will be the buyer's bank. On Board / Shipped On BoardA notation on a bill of lading, indicating that not only did the carrier receive the goods in good order and condition, but they were also placed on board the ship. This term may be used for all modes of transport. This term may be used for any mode of transport, including multi-modal transport. Packing ListA document which details the contents, and often dimensions and weight, of each package or container. Unfortunately, it’s also one of the slowest forms of freight transportation. Broken Stowage . They include Houston, the largest container port in the U.S. USWC: United States West Coast -- This term applies to all ocean ports along the West Coast of the United States. Documentary CollectionA method whereby the seller uses the services of his bank to ensure that the buyer only receives the shipping documents under conditions specified by the seller, ie upon payment, or upon acceptance, of the seller's bill of exchange. The seller is responsible to clear the goods for export. Agents are not normally involved in delivery or servicing of product. Bill of Lading (B/L)The document which covers transport by sea. Intermodal Versus Multimodal – What’s the Difference and Which Should You Select? This term is often used in rail or ocean freight and refers to the actual owner of the freight being shipped, despite the title of the freight being in another party’s name. How to Get a Job in Transportation or Logistics. Aft Landed CostThe total cost which an importer pays to have goods delivered into their premises. What is the importance of creating an accurate BOL? Bank GuaranteeA document issued by a bank acting as a guarantor for their customer. C&F  Cost and Freight (named port of shipment) - IncotermsThis abbreviation was changed in 1990 to CFR but is still commonly used. This term should not be used if the seller is unable directly or indirectly to obtain any necessary import license or approval. Many other countries use the CIF value at the time or declaration in the importing country. The penalties for miss-declaring or failing to declare hazardous or dangerous cargo are extremely high. What is the Difference Between LTL & FTL? Incoterms are a set of rules published by the International Chamber of Commerce (ICC). CFR  Cost and Freight (named port of destination) - IncotermsThe seller must pay the costs and freight necessary to bring the goods to the named destination but the risk of loss of or damage to the goods is transferred from the seller to the buyer when the goods pass the ship's rail in the port of shipment. ManifestA list of the various shipments being carried on a ship or aircraft. FAF: Fuel Adjustment Factor – Same as BAF. CAF: Currency Adjustment Factor – A charge that is expressed as a percentage and applied to the base rate to account for currency fluctuations. RO-ROA "roll-on/roll-off" ship, where loaded transport vehicles are driven onto it, such as a car ferry, or where containerized and other cargo is loaded into it by forklifts or similar. Ullage. Freight that has not been called for or picked up by the owner or ultimate consignee. For more information on Supplier Management and Ocean Freight Forwarding Services, access the UPS Supply Chain Solutions (Ocean Freight Forwarding) Terms and Conditions. FO is the international shipping term in ocean freight that indicates that the consignee (recipient) is responsible for the cost of unloading cargo from the vessel at the destination. Ad ValoremAccording to the value. See also Bill of Lading - Order B/L and Notify Party. EXW ( Ex Works ) – The supplier of the goods agrees to make the goods available at his “factory gate / warehouse doors”, it is then the buyers responsibility to arrange all transportation and insurance.Very common shipping term when buying from USA and Canada. Air warmed by the container cargo delivered to the evaporator. This term can only be used for sea or inland waterway transport and its correct use is only when using a chartered ship, or when goods are not containerized. If this is shown to be injurious to locally-based suppliers in the foreign market, the government of that country may impose remedies by way of anti-dumping duties. Driver Cameras – Protecting the Company and the Driver, PO’s – Their Importance In The Shipping Process, Inbound Logistics – What It Is, Why You Should Control It and How. So if your freight needs to travel from China to the East Coast of the United States it would need to travel through the Panama Canal to reach its final destination. This fee is payable to a shipping line for receiving a full container load, storing it, and delivering it. All Risk: A type of Marine Insurance, which is the widest coverage. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point. FIS  Free into Store - IncotermsAn unofficial trade term indicating that the seller's price includes all costs up to delivery to the buyer. (See also Letter of Credit). ConsigneeThe party is shown on the bill of lading or air waybill to whom the shipment is consigned. Contact us for assistance with your next shipment by phone at 866-553-6608 or by email at Info@ShipAG.com. The greater weight or measurement of goods where 1 ton is either 1000 kilos or 1 cubic metre (for metric system). An individual, partnership or corporation which arranges transportation service for client companies. DDP  Delivered Duty Paid (named place of destination)  - IncotermsThe seller fulfills his obligation to deliver when the goods have been made available at an agreed point at the named place in the country of importation, often the buyer's premises. BAF: Bunker Adjustment Factor – This fee is comparable to a Fuel Surcharge in trucking except it’s for the steamship line to cover fluctuating fuel costs. The buyer bears the full cost and risk involved in bringing the goods from there to the desired destination and the buyer must be able to carry out any required export formalities. This term may be used for all modes of transport. Weather-How does it impact your shipments? CPT  Carriage Paid To (named place of destination) - IncotermsThe seller must pay the costs and freight necessary to bring the goods to the named destination but the risk of loss of or damage to the goods is transferred from the seller to the buyer when the goods have been delivered into the custody of the carrier. When you see an ocean container that says Maersk, Evergreen, OOCL, etc. Expedited Freight Shipping Methods to Consider, 6 Factors Influencing Ocean Freight Rates, Air vs Ocean – 6 Factors to Consider When Shipping Internationally, American Group's 2017 National Carrier of the Year is UPS Freight. Customs BrokerA person or corporation licensed by the Australian Customs Service to handle on behalf of importers the process of clearing goods through customs. BoxColloquial term for a shipping container. IPI: Inland Point Intermodal – These shipments move inland from a port via truck or rail to a non-port destination. Panama Canal Expansion – How is it impacting shipping? Shipping Terms Explained . The seller has to bear the risks and all costs, including duties, taxes and other charges of delivering the goods thereto, cleared for importation. It can also be used as an offer to sell goods. Will these solutions ease delays at Ports? Certificate of OriginA certificate stating the country of origin of the goods. These ships generally rely on infrastructure on the wharf to load and unload the containers. The space not filled with liquid in a drum or tank. 'the company has 10 ships afloat'. Shipping Information. 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The carrying capacity of a vessel where no cargoes are stowed equivalent unit, the freight forwarder will charge is! Which covers transport by sea your freight on time they help prevent between... Who enter into international sales contracts ( ICC ) for assistance with your next shipment by phone 866-553-6608...