| 20' |
Standard Twenty Foot Long shipping container |
| 40' |
Standard Forty Foot Long shipping container |
| 40' HC |
Forty Foot High Cube shipping container |
| ACS |
Australian Customs Service |
| APSC |
Australian Port Service Charges |
| AQIS |
Australian Quarantine Inspection Service |
| AVE |
Abbreviation for Aircraft container |
| BAF/BUC |
Bunker Adjustment Factor - charged by shipping companies to alleviate
fluctuating bunkering costs (Ships fuel) |
| B/L |
Bill of Lading: a document that establishes the terms of contract
between the shipper and transportation company. It serves as a document of
title, contract of carriage and receipt of goods. |
| C&F |
Cost and Freight: Seller is responsible for cost of goods, transport
to vessel and ocean freight to named
destination |
| 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 |
| CFS |
Container Freight Station:
usually applies LCL cargo where cargo is packed and then despatched overseas and then has to be unpacked at destination before delivery to
consignee |
| COLLECTION FEE |
Charges related to converting foreign currency to Australian dollars |
| CU FT |
Cubic Feet - 33.315 cubic feet = 1 cubic metre |
| CY |
Container Yard - usually shown as CY/CY |
| 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 |
| DDP |
Delivery Duty Paid: the shipper/ seller is responsible for dealing
with all the tasks involved in moving goods from the manufacturing plant to
the buyer/ consignee's door. It is the shipper/ seller's responsibility to
insure the goods and absorb all costs and risks including the payment of duty
and fees. |
| ECN |
Export Clearance Number: permit required for all exports over the
value. |
| EFAF |
Emergency Fuel Adjustment Factor: Fuel Surcharge charge by U.S.A
origin ports. |
| 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 seller's premises to buyer's
premises |
| FAK |
Freight of All Kinds: mixed cargoes packed in one container. Mostly
used by Freight Forwarders consolidating a number of LCL shipments to form
FCL. |
| FCL |
Full Container Load |
| FEU |
Forty Foot Equivalent Units |
| F.I.S |
Free Into Store: Sellers responsibility for all costs as in
CIF/C&F plus Customs Duty, Landing costs and all transport charges
delivered into buyers store |
| F.O.B |
Free On Board: Seller is responsible for all costs up to Free on
Board ship at named port |
| 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 goods and
therefore does not have legal standing of Bill of Lading |
| HBL |
House Bill of Lading: Bill of Lading issued by the Freight Forwarder |
| ITF/IDF |
Air Cargo Charges: International Terminal Fee/ International
Documentation Fee |
| LCL |
Less than container load |
| LETTER OF CREDIT |
Commercial document for organising payments-some forms offer security and minimise risk. Available through bank |
| 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 |
| MBL |
Master Bill of Lading: is the Bill of Lading issued by the shipping
line or principal carrier |
| OBL |
Ocean Bill of Lading: Issued by the shipping line/owners |
| SHIPPERS
LETTER OF
INSTRUCTION
(SLI) |
Forwarding Instructions to Air Carrier |
| TEU |
Twenty Foot Equivalent Unit |
| THC |
Terminal Handling Charge- levied by shipping companies and reflects
the local port costs of stevedoring |
