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General German forwarding agent's terms
Accredit
The letter of credit is the payment guarantee of the buyer's bank in favour of the shop assistant, under the prerau's settlement that this fulfils his duties from the bill of sale.
AWB (Air-Waybill)
Accompanying document of an air shipment made out either directly by the airline or its appointed agent showing all details pertaining to a specific air shipment.
B.A.F. (Bunker adjustment factor)
Accessorial charge to adjust cost fluctuations for fuel.
B/L (Bill of Lading)
A contract of carriage, used by ocean, inland waterway, rail and truck, common carriers, and contract carriers. Variety of B/L’s include an Ocean B/L, a Multimodal B/L, a Uniform B/L, & a Uniform Short B/L. The former two can be negotiable and would carry title to the goods.
Break Bulk
Cargo loaded in bulk inside a vessel as compared to containerised cargo.
Break bulk agent
Agent who receives a consolidated shipment and undertakes to break it into its individual shipments.
Carrier
Company, carrying out the transport of goods.
Cargo
Cargo means any merchandise to be transported by a carrier (aircraft).
CASS (Cargo Accounts Settlement System)
System of accounting and settling accounts between CASS Member Airlines and IATA Cargo Agents.IATA Cargo on the other side.
Charter
Charter either means a chartered airplane or chartered cargo hold (= part charter).
C.A.F. (Currency adjustment factor)
Zuschlag zum Ausgleich von Währungsschwankungen.
C.F.S. (Container freight station)
Surcharge to the balance of currency fluctuations.
CMR (Convention relative au Contrat de transport international de marchandises par route)
Convention for the international road freight transportation contract.
C.O.D. (Cash on Delivery)
Payment cash on delivery.
Conference line
Agreements of independent shipping lines companies to serve the same roures/ areas and to fix for it timetables and rates.
Container 20 Feet
Outside measurements in metres: Length = 6,058; Width = 2,438;
Height = 2,591
Inside measurements in metres: Length = 5,930; Width = 2,330; Height =
2,380
33cbm
Container 40 Feet
Outside measurements in metres: Length = 12,192; Width =
2,438; Height 2,591
Inside measurements in metres: Length = 12,070; Width = 2,330; Height =
2,380
67cbm
Consignee
Consignee is that person who should receive the shipment according to AWB by the Carrier.
Consolidated Airfreight
Individual shipments combined as one consignment covered by a Master Air Waybill.
C.Y. (Container Yard)
A container yard is a location where containers may be parked, picked up, or delivered full or empty. The C.Y. may further be a place of loading (stuffing) or unloading and/or where ocean carrier accepts custody and control of cargo.
C/S (Congestion surcharge)
Extra charge for waiting periods at the port
C.S.C. (Container service charge)
Container Handlings costs in Europe.
DAKOSY
Data communication system of the port of Hamburg. Data exchange between forwarding agencies, ship brokers, quay companies and Tallymen.
DETENTION
Charges caused by containers being kept outside port or C.Y. beyond specified free time.
Charges caused by containers being stored at port or C.Y. beyond specified free time.
DGR
Regulations for the transport of dangerous goods.
E.T.A.
Estimated time of arrival.
E.T.D.
Estimated time of departure.
FCL
Full Container Load: Complete (house/ house) Container Full container
FCL/FCL
Door-to-Door full container load.
Container load with goods from one sender to more than one consignee.
FCR
Forwarding Agents Certificate of Receipt.
FEU
40' Feet Container-unit. Fourty feet equivalent unit.
FIO
Free In and Out: In this term, free means that the cost of loading and unloading are for the account of the shipper, and not the carrier. In other words, Free In and Out (FIO) means that the loading (in) charges, and unloading (out) charges are free as far as the carrier is concerned
HAWB (House Air-Waybill)
This document covering each individual shipment of a consolidation shows all details pertaining to the air carriage of a consignment. It is issued by the consolidator (= forwarding agent) and also contains relevant instructions to the break-bulk agent at final destination.
IMO
International Maritime Organization: Part of the UN which regulates international navigation and shipping safety through a framework of rules, treaties and regulations.
Incoterms
The purpose of Incoterms is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. Thus, uncertainties of different interpretations of such terms in different countries can be avoided or at least reduced to a considerable degree.
Less than Container Load: single shipments loaded together in a collective container.
LCL/LCL
Single shipments from different Senders for different consignees which are packed together in one container at the Container Freight Station and which will be divided again at the place of destination.
LCL/FCL
Container packed with single shipments from single Senders for one consignee.
Letter of credit (L/C)
L/C is a payment guarantee given by purchaser's bank in favour of his supplier on the condition that supplier fulfills all obligations as outlined in the purchase order.
Liner Terms
Liner terms (or full liner terms) are the opposite of Free terms. When you ship liner terms, the carrier is responsible for the loading and unloading of the cargo. If you ship LINER-IN, FREE-OUT, then the carrier is responsible for loading, and the shipper is responsible for unloading. FREE-IN, LINER-OUT means the shipper pays for loading, and the carrier pays for the unloading.
MAWB (Master Air-Waybill)
Document issued by the consolidator (= freight forwarder) covering a consolidation and being issued to break-bulk agent at final destination.
Measurement/ weight ratio (Airfreight)
1 cbm = 167 kg
Measurement/ weight ratio (Seafreight)
1 cbm = 1 t
Multimodal Transport
Goods are transported by a minimum of at least two different means of transport.
Notify
Additional address (besides the consignees address) to be notified about the arrival of a shipment.
NCTS
(New Computerized Transit System): It was introduced on the 1st April, 2006 and is a duty if you are an admitted receiver / sender. It allows the processing of the common “Versandverfahren” procedure with help of the electronic data interchange.
NVOCC (Non-Vessel Operating Common Carrier)
An indirect ocean carrier who does not operate vessels, but accomplishes carriage via sub-contract with vessel operating carriers.
OZL (open bonded warehouse)
Were whose final regulation is uncertain, highly loaded goods or goods which are subordinated to contingents can be stored temporarily (partly limits, partly for an unlimited period) undeclared and unpaid tax on one. This is possible in a open customs warehouse.
Certain manipulations are permitted by approval of the duty partly.
- 1. The open customs warehouse of FWN will enable to you to leave the stored goods as long as undeclared one, until they reach for the sales or shipping.
- For the goods stored from third countries the duty deliveries become due therefore only by the actual wide disposal.
- In certain cases high interest advantages can be achieved in this manner by the delay of the duty deliveries and the taxes.
- Provided that goods are explained once more in third countries, the duty deliveries can be totally saved.
Prefix
Three-digit code identifying the Airline on the Air Waybill.
P.O.L.
Port of Loading.
P.O.D.
Port of discharge.
Removal goods list
Standardized aid to the statement of the move good volume to be transported.
RORO (Roll On, Roll Off)
Ships specially fitted so entire trucks can drive onboard.
Routing Order
With the Routing order the receiver of a shipments asks his business partner to dispatch this in a certain way (e.g., with a certain forwarding agent).
TEU (Twenty foot equivalent unit)
Twenty feet equivalent container unit (20 Feet Container).
T.H.C. (Terminal handling charge)
Charges for the container handling- in the port.
Transhipment
When a shipment from point "A" to "C" must be handled through "B" or other intermediate points. (if a port of destination is not called directly).
T/T (Transit time)
Transit time for the Transport.
UN Number
The 4-figure number which was awarded by "United Nations Committee of Experts on the Transport of Dangerous Goods" to describe a substance or a group of substances.
Warsaw Convention
On 12th October, 1929 at Warsaw an international agreement has been signed for the Unification of Certain Rules Relating to International Carriage by Air. This agreement was amended by the Hague Protocol in 1955 and is still valid until today.
W/M (Weight or Measurement)
Seafreight calculation based on the weight or measurement. Sea cargo calculation based on measure or weight - the higher value is taken.