☼ Abbreviation of Various Shipping Terms
1. CM :
Cost of making/ cutting and making
2. FOB
: Freight on board
3. C & F : Cost and freight / Clearing and forwarding
4. CIF
: Cost, insurance and freight
5. CIFI
: Cost, insurance, freight and interest
6. CIFE
: Cost, insurance, freight and exchange
7. COD
: Cash on delivery
8. CWO
: Cash with order
9. FOW
: Free on wagon
10. Franco : (…Named Port of Shipment) FOB : Free on Board (…Named
Port of Shipment)
11. CFR
: Cost and Freight (…Named Port of Destination)
12. CIF
: Cost, Insurance and Freight (…Named port of Destination)
13. CPT
: Carriage Paid To (…Named Place of Destination)
14. CIP
: Carriage and instruction paid to (…Named Place of Destination)
15. DAF
: Delivered at frontier (..Named Place)
16. DES
: Delivered Ex Ship (…Named Port of Destination)
17. DEQ
: Delivered Ex QUAY (…Named Port of Destination)
18. DDU
: Delivered Duty Unpaid (…Named Place of Destination)
19. DDO
: Delivered Duty Paid (…Named Place of Destination)
Common
Export & Shipping Abbreviations.
AAA →Association of Average Adjusters
ABCC →Arab British Chamber of Commerce
A/C →Account
Act of God →Any act which could not have been prevented by human care
and forethought
ADR→EU agreement for international carriage of dangerous goods
by road
AF →Advance Freight (such as prior to shipment)
AMT →Air Mail Transfer
AN →Advice Note
ANF →Arrival Notification Form
A/O →Account Of
AP →Additional Premium
ASEAN →Association of South East Asia Nations
ASWP →Any Safe World Port
ASSP →Any Safe Suitable Port
ATA →Admission Temporaire - Temporary Addmission
ATP →Accorded Transports Perissable (european agreement on the
international carriage of perishable foodstuffs)
ATR →Admission Temporaries Roulette - Temporary Admission on Wheels
AV →Freight rate based on value of goods shipped
AWB →Air Waybill
BAF →Bunker age Adjustment Factor on shipping rates
BB →Bill Book
BD →Bond
B/D →Bankers Draft
BDI →Both Days Included
B/E →Bill of Exchange
BF →Back Freight for goods being returned to point of origin
BIFA →British International Freight Association
BKG →Breakage
BKGE →Brokerage
BL →Bulk Licence to cover a trading period, or value
B/L →Bill of Lading
BOND →guarantee to Customs for payment of duty or tax
BOTB →British Overseas Trade Board
BP →Bills
Payable
BR →Bills Received
BS →Bill of Sight used for Customs declaration when the importer
is unable to furnish all documents
B/S →Bill of Sale
BSEC →Black Sea Economic Co-operation
BSI →British Standards Institution
BST →British Summer Time
CAA →Civil Aviation Authority
CAD →Cash Against Documents
CAF →Currency Adjustment Factor for sea freight rates
CAP →Common Agricultural Policy
CARICOM →Caribbean Community
Carr Fwd. →Carriage Forward
CB →Container Base
CBD →Cash Before Delivery
CBM →Cubic Metre
CCC →Customs Clearance Certificate
CCCN →Customs Co-Operation Council Nomenclature (formerly BTN
Brussels Tarriff Nomenclature)
CCM →Caribbean Common Market
CC/O →Certificate of Consignment/Origin
C&D →Collected & Delivered
CD →Customs Declaration
CDV →Current Domestic Value
C&E →Customs & Excise
CE →Community European - quality mark on goods
CET →Central European Time
CEN →European Standards Office
Cf →Cubic Feet
CFR →Cost & Freight (named port of destination)
CHIEFS →The UK Customs electronic system for both export and
import transactions
ch pd →Carriage Paid
ch ppd →Carriage Pre-paid
C/I →Consular Invoice/Certificate of Insurance
CIF →Cost Insurance & Freight (named port of destination)
CIF&C →Cost Insurance & Freight & Commission
CIFC&I →Cost Insurance, Freight, Commission & Interest
CIM →Contract of movement by International Rail
CKD →Completely Knocked Down
CMR →Convention Merchandises Par Routes (conditions for the
international carriage of goods by road)
CNF = Cost Net Freight
C/N →Consignment Note, Cover Note
C/NEE →Consignee
C/NOR →Consignor
CO or C/O →Certificate of Origin, Cash Order
COD →Cash On Delivery
COM/I →Commercial Invoice
COMET →Committee Of Middle East Trade
COMITEXTIL →Co-Ordination Committee for the Textile Industry in the EU
C of O →Certificate of Origin, note there are several different
types
COI →Central Office of Information
COP →Certificate Of Posting
COTECHNA →A London based company engaged in pre inspection
CPA →Claims Payable Abroad
CPD →Charter Pays Due
CPT →Carriage Paid To (named destination)
CR →Current Rate, Carriers Risk, Compound Risk
CRN →Customs Registered Number
C/S →Currency Surcharge
CT →Community Transit
CTC →Customs Tarriff Code, now harmonised virtually world-wide
CTL →Constructive Total Loss
C/V →Certificate of Value
C/VO →Certificate of Value & Origin
CWO →Cash With Order
CY →Currency
D/A →Documents Against Acceptance, Days after Acceptance
DAF →Delivered At Frontier
DAN →Deferment Account Number
DDP →Delivered Duty Paid
DDU →Delivered Duty Unpaid
DEPS →Departmental Entry Processing System
DEQ →Delivered Ex Quay (named port of destination)
DES →Delivered Ex Ship (named port of destination)
DFT →Draft
DGN →
international carriage of perishable foodstuffs)
import transactions
international carriage of goods by road)
D/A
|
"Documents
against acceptance, days after acceptance
|
DAF
|
Delivered at
Frontier
|
DB
|
DeustcheBundesbahn(German
Railways)
|
Dbk
|
Drawback
|
D/C
|
"Deviation
clause, documentary collection
|
dd
|
Delivered
|
D/D
|
days after date (of
tenor of bill of exchange)
|
DDA
|
Duty Deferment
account
|
DDP
|
Delivered duty paid
|
DDU
|
Delivered duty
unpaid
|
DEM
|
Deutschmark
|
DEPS
|
Departmental Entry
Processing System
|
DEQ
|
Delivered ex quay
|
DES
|
Delivered ex ship
|
DESO
|
DefenceExport
ServicesOrganisation
|
DGN
|
Dangerous Goods Note
|
DF
|
Dead freight
(shipper orchartererpays for space booked but not occupied)
|
Dft
|
Draft
|
DKR
|
DanishKroner
|
D/O
|
Delivery order
|
D/P
|
"Documents
against payment, direct port
|
D/R
|
Deposit receipt
|
D/S
|
Days after sight
|
DSB
|
DanskeStaatsbahn(Danish
Railways)
|
DTI
|
Direct trader
input/Department of Trade and Industry
|
D/W
|
"Dock Warrant,
deadweight
|
dwc
|
Deadweight capacity
|
dyor
|
dely Delivery
|
EAPE
|
Exchange as per
Endorsement
|
EAR
|
Export after repair
|
EC
|
European Community
|
ECA
|
Economic
Co-operation Administration
|
ECE
|
Economic Commission
forEurope
|
ECGD
|
Export Credits
Guarantee Department
|
ECI
|
Export Consignment
Identifier
|
ECOFIN
|
Economic and
Financial Affairs Council (EC)
|
ECPD
|
Export Cargo Packing
Declaration
|
ECS
|
Echantillonscommerciaux
commercial samples
|
ECSC
|
European Coal &
Steel Community
|
ECSI
|
Export Cargo
Shipping Instruction
|
ECU
|
European currency
unit
|
EDCS
|
Electronic Data
Capture Service
|
EDI
|
Electronic Data
Interchange
|
EDIA
|
Electronic Data
Interchange Association
|
EEA
|
European Economic
Area
|
EFTA
|
European Free Trade
Association
|
EHA
|
Equipment Handover
Agreement
|
EHC
|
Export Health
Certificate
|
EIB
|
European Investment
Bank
|
EIC
|
European Information
Centre
|
EIMT
|
Express
International Money Transfer
|
EIS
|
Export Intelligence
Service BOTB)
|
EMS
|
Express money
service
|
e&oe
|
Errors
&ommissionsexcepted
|
eohp
|
Except as otherwise
herein provided
|
EPS
|
Entry processing
station
|
EPU
|
"Entry
processing unit, European payments unit
|
ESC
|
"European
Shippers Council, Portuguese Escudo
|
ESCAP
|
Economic and Social
Commission forAsia& the Pacific
|
ESL
|
Sales Listing
|
EC
|
Eastern Standard
Time USA)
|
ETA
|
Estimated time of
arrival
|
ETD
|
Estimated time of
departure
|
ETS
|
Estimated time of
sailing
|
EURATOM
|
European Atomic
Energy Community
|
Ex
|
"Examined, Exchanged,
Executed, Excluding, out of
|
EXBO
|
Export Buying
Offices Association
|
Exd
|
Examined
|
EXW
|
Ex works
|
faa
|
Free of all average
|
fac
|
Forwarding agents
commission
|
fak
|
Freight all kinds
|
FAS
|
Free alongside ship
|
FBL
|
Forwarders Bill of
Lading
|
FCA
|
Free carrier
|
FCL
|
Full container load
|
FC & S
|
free of capture and
seizure
|
Fco
|
Franco
|
FCR
|
Forwarder's
Certificate of Receipt
|
FCT
|
Forwarders
Certificate of Transport
|
fd
|
"Free
discharge, free docks, free dispatch or free delivery
|
F & D
|
Freight and
demurrage
|
ffa
|
Free from alongside
or free foreign agency
|
ffi
|
for further
instructions
|
FGA
|
Free of General
Average
|
FIATA
|
International
Federation of Freight Forwarders Association
|
faa
|
Free of all average
|
fac
|
Forwarding agents
commission
|
fak
|
Freight all kinds
|
FAS
|
Free alongside ship
|
FBL
|
Forwarders Bill of
Lading
|
FCA
|
Free carrier
|
FCL
|
Full container load
|
FC & S
|
free of capture and
seizure
|
Fco
|
Franco
|
FCR
|
Forwarder's
Certificate of Receipt
|
FCT
|
Forwarders
Certificate of Transport
|
fd
|
"Free
discharge, free docks, free dispatch or free delivery
|
F & D
|
Freight and
demurrage
|
ffa
|
Free from alongside
or free foreign agency
|
ffi
|
for further
instructions
|
FGA
|
Free of General
Average
|
FIATA
|
International
Federation of Freight Forwarders Association
|
FIO
|
Free in and out
-chartererpays for cost of loading and discharging cargo
|
FIO & stowed
|
Free in and out
-chartererpays for cost of loading and discharging cargo plus stowing
|
FIO & trimmed
|
Free in and out
-chartererpays for cost of loading and discharging cargo plus trimming
|
FIT
|
Federation of
International Traders
|
fiw
|
Free in wagon
|
F/L
|
Freight liner
|
FLIC
|
Forwarders local
import control
|
FMB
|
Federal Maritime
Board (USA)
|
FMC
|
Federal Maritime
Commission (USA)
|
Fo
|
"For orders,
free out terms
|
FOB
|
Free on board
|
foc
|
Free of charge
|
fod
|
Free of damage
|
forex
|
foreign exchange
|
FP
|
Floating (open)
marine policy/fully paid
|
FPA
|
Free of particular
average (obsolete)
|
FP -C
|
Flash pointcelsius
|
FR
|
Freight release
|
FRA
|
Forward Rate
Agreement
|
Franco
|
Free -e.g. Franco
London-all charges paid to arrivalLondon
|
fr& cc
|
Free of riots and
civil commotions
|
FRF
|
French Franc
|
frt
|
Freight
|
FS
|
Italian Railways
|
frof
|
Fire risk on freight
|
FTA
|
Freight Transport
Association or Free Trade Agreements
|
FTL
|
Full Trailer Load
|
Fwd
|
Forward
|
G/A
|
"General
Average, GeneralAuthorisation
|
GAC
|
General Average
Certificate
|
G/A
|
con General Average
contribution
|
GATT
|
General Agreement of
Tariffs & Trade
|
GBP
|
Pound sterling
|
GCBS
|
General Council of
British Shipping
|
GCC
|
Gulf Cooperation
Council
|
GmbH
|
Registered Company
(Germany)
|
GMT
|
Greenwich Mean Time
|
gnp
|
Gross national
product
|
GRT
|
Gross registered
tonnage
|
Grwt
|
Gross weight
|
gsm
|
Good sound
merchantable
|
GSP
|
Generalisedsystem of
preferences
|
GUV
|
General Utility Van
(rail)
|
GV
|
GrandVitesse(express
train)
|
HAWB
|
HouseAirwaybill
|
HBL
|
House Bill of Lading
|
H/c
|
Held covered
|
HCS
|
HarmonisedCommodity
Section
|
HFL
|
DutchFlorin
|
h/h
|
Half-height
(container)
|
HL
|
Heavy lift
|
HMC
|
Her Majesty's
Customs
|
HMC&E
|
Her Majesty's
Customs and Excise
|
HMSO
|
HerMajestysStationery
Office
|
HVR
|
Hague-VisbyRules
|
IATA
|
International Air
Transport Association
|
IB
|
In Bond or invoice
book
|
IBAP
|
Intervention Board
for Agricultural Produce
|
(x) IBOR
|
InterbankOffered
Rate
|
IBRD
|
International Bank
for Reconstruction and Development
|
ICAO
|
International Civil
AviationOrganisation
|
ICB
|
International
Container Bureau
|
ICC
|
"International
Chamber of Commerce, Institute Cargo Clauses
|
IC & C
|
Invoice cost and
charges
|
ICCH
|
International
Commodities Clearing House
|
ICD
|
Inland clearance
Depot
|
ICHCA
|
International Cargo
Handling Co-ordination Association
|
Icc
|
Institute Cargo
clauses
|
ICS
|
International
Chamber of Shipping or Institute of Chartered Shipbrokers
|
ID
|
Import Duty
|
IDA
|
International
Development Authority
|
IDR
|
Import Duty Relief
|
IFC
|
International
Finance Corporation
|
IFF
|
InstituteofFreightForwarders
|
I/L
|
ImportLicence
|
ILO
|
InternationalLabourOrganisation
|
ILU
|
InstituteofLondonUnderwriters
|
IMB
|
International
Maritime Council
|
IMCO
|
International
Maritime ConsultativeOrganisation
|
IMDG
|
International
Maritime Dangerous Goods code
|
IMF
|
International
Monetary Fund
|
IMO
|
International
MaritimeOrganisation
|
IMT
|
International Money
Transfer
|
INR
|
Indian Rupee
|
INSA
|
InternationalShipowners'
Association
|
INTRASTAT
|
Intra EC Statistics
|
IOE
|
InstituteofExport
|
ipa
|
Including particular
average
|
IPR
|
Inward Processing
Relief
|
IRD
|
Inland rail depot
|
IRN
|
Import Release Note
|
IRU
|
UnionInternationaledes
TransportsRoutiers
|
ISC
|
Institute Strike
Clauses
|
ISF
|
International
Shipping Federation
|
ISO
|
International
StandardsOrganisation
|
ITI
|
Customs Convention
on the International transit of goods
|
ITMA
|
InstituteofTradeMark
Agents
|
IUPIP
|
InternationalUnionfor
the Protection of Intellectual Property
|
IWC
|
Institute War
Clauses
|
J & WO
|
Jettison &
washing overboard
|
JLCD
|
JointLiasonCommittee
on Documents
|
LJPY
|
JapeneseYen
|
LAFTA
|
Latin American Free
Trade Association
|
LASH
|
Lighter aboard ship
|
L/C
|
Letter of Credit
|
LCL
|
Less than full
container load
|
LAB
|
Lloyds Average Bond
|
L/A
|
"Lloyds Agent,
letter of authority
|
ldg
|
Loading
|
Ldg&Dly
|
Landing and delivery
|
Lds
|
Loads
|
LDC
|
Less-developed
country
|
LEC
|
Local export control
|
LI
|
Letter of Indemnity
|
LIBID
|
LondonInterbankBid
Rate
|
LIBOR
|
LondonInterbankOffered
Rate
|
LIC
|
Local import control
|
LIFFE
|
LondonInternational
Financial Futures Exchange
|
LIMEAN
|
LondonInterbankMean
Rate
|
LIT
|
Italian Lira
|
Lkg & bkg
|
Leakage &
breakage
|
Lkge
|
Leakage
|
L/L
|
Long length
|
LO/LO
|
Lift on/lift off
|
LOR
|
Lender's Offered
Rate
|
LR
|
Lloyds Register
|
ls
|
Lumpsum(freight)
|
LT-EUR1
|
Long-term movement
certificate(EC)
|
LVI
|
Local Veterinary
Inspector
|
LVP
|
Low Value Procedure
|
MAT
|
"Marine,
aviation and transport (insurance)
|
MAWB
|
Master Air Waybill
|
MDHB
|
MerseyDocks
andHarbourBoard
|
MFN
|
MostFavouredNation
|
mgr
|
Merry-go-round
(rail); manager
|
Min
|
Minimum
|
Min wt
|
Minimum weight
|
MIP
|
Marine Insurance
Policy
|
MR
|
Mate's receipt
|
mst or msmt
|
Measurement
|
MT
|
"Mail Transfer,
metrictonne; empty (to describe container)
|
M3
|
Cubicmetre
|
MV or mv
|
Motor vessel
|
n/a
|
"no account
(banking), not applicable
|
N/A
|
No advice
|
NCM
|
NederlandscheCredietverzekeringMaatschappij
|
NCV
|
No commercial value
|
ND
|
No discount
|
NDPS
|
National Data
Processing Service
|
ne
|
Not exceeding
|
Nei
|
Not elsewhere
included
|
Nes
|
Not elsewhere
specified
|
NIR
|
Northern
IrelandRailways
|
NMB
|
National Maritime
Board
|
NOK
|
NorwegianKroner
|
nop
|
Not otherwise
provided
|
NPC
|
National Ports
Council
|
nr
|
No risk until
confirmed or net register
|
nrad
|
No risk after
discharge
|
NRT
|
Nettregistered
tonnage
|
ns
|
NerdlandseSpoorwegen(Dutch
Railways)
|
nspf
|
Not specially
provided for
|
N/t
|
Net terms
|
NVOCC
|
Non vessel owning
common carrier
|
NYPLR
|
New YorkPrime
Lending Rate
|
o/a
|
On account of
|
OBO's
|
Oil/Bulk/Ore
carriers
|
O/C
|
"Open cover,
open charter
|
o/c
|
Overcharge
|
OCN
|
Out-of-charge note
|
OCTs
|
The Overseas
countries and territories of member states associated with the EEC under part
4 of the Treaty of Rome
|
o/d
|
On demand or
overdrawn
|
OECD
|
Organisationfor
Economic Co-operation & Development
|
OEEC
|
Organisationfor
European Economic Co-operation
|
OFT
|
Office of Fair
Trading
|
OGL
|
Open GeneralLicence
|
OJEC
|
Official Journal of
the European Communities
|
on
|
Official number
|
O/o
|
Order of
|
oog
|
Out of gauge
|
OP
|
Open or floating
cargo insurance policy
|
OPEC
|
Organisationof
Petroleum Exporting Countries
|
OPR
|
Outward Processing
Relief
|
O/R
|
Owner's risk
|
P/A
|
"Private
account, particular average, power of attorney
|
PBA
|
PortofBristolAuthority
|
P/C
|
"Price current,
per cent
|
Pd
|
Paid or passed
|
PD
|
Port dues
|
PE
|
Period entry
|
PEP
|
Projects and Export
Policy Division (BOTB)
|
pkge
|
Package
|
P&I
|
Protection and
Indemnity
|
PKD
|
Partially knocked
down
|
P/L
|
Partial loss
|
PLA
|
PortofLondonAuthority
|
pm
|
Premium
|
PMS
|
Permanent Manual
System
|
P/N
|
Promissory note
|
POA
|
Place of acceptance
|
PO
|
"Post Office,
purchase order, payment order
|
POD
|
Paid on
delivery/Proof of delivery
|
Ppd
|
Prepaid
|
PR
|
Parcel receipt
|
PSD
|
Pre-shipment
document
|
PSI
|
Pre-shipment
Inspection
|
PT
|
Preferential
Treatment
|
PTL
|
Partial total loss
|
PUCC
|
Port Users Consultative
Committee
|
PV
|
PetiteVitesse(slow
goods train)
|
Qn
|
Quotation
|
Qty
|
Quantity
|
RAFT
|
Revolving Acceptance
Facility by Tender
|
RAPR
|
Refer to acceptor
please re-present
|
R & CC
|
Riots and Civil
Commotions
|
CC & S
|
"Riots, Civil
Commotions & Strikes
|
RDPR
|
Refer to drawer
please represent
|
REDS
|
Registered Excise
Shippers and Dealers
|
Reefer
|
Refrigerated box or
vessel
|
RENFE
|
Spanish Railways
|
RES
|
Retail Export Scheme
|
RHA
|
Road Haulage
Association
|
RN
|
Removal Note
|
R/O
|
Routing Order
|
Ro/Ro
|
Roll-on/Roll-off
|
RP
|
P "Return
premium, reply paid, return of post
|
ROD
|
"Rusting,oxidisation,
denting (discolouration)
|
RTK
|
Revenuetonnekilometres
|
RTP
|
Restrictive trade
practices
|
S/a
|
"Safe arrival
or subject to approval,SocieteAnonyme(limited company France)
|
SAD
|
Single
Administrative Document
|
sae
|
Stamped addressed
envelope
|
Sar
|
Limited company
(Italy)
|
sanr
|
Subject to approval
no risk
|
SB
|
"Short Bill,
payable on demand or sight
|
SCP
|
Simplified Clearance
Procedure
|
SD
|
"Sight Draft,
Short Delivery
|
SDBL
|
Sight Draft with
attached Bill of Lading
|
SDR
|
Special Drawing
Rights
|
SEA
|
Single European Act
|
SEK
|
SwedishKroner
|
SEM
|
Single European
Market
|
SFR
|
Swiss Franc
|
S & H/exct
|
Sundays and Holidays
excepted in lay days
|
IECA
|
"General Treaty
of Economic Integration, Central American States
|
SITC
|
Standard
International Trade Classification
|
SITPRO
|
Simplification of
International Trade Procedures Board
|
SGS
|
SocieteGeneralede
Surveillance
|
SNCB
|
SocieteNationaledeCheminsdeFerBelgique(Belgian
Railways)
|
SNCF
|
SocieteNationaledeCheminsdeFer(French
Railways)
|
SSN
|
Standard Shipping
Note
|
SO
|
Seller's option
|
SOB
|
Shipped on board
|
SOEC
|
Statistical Office
European Community
|
spr
|
Sunprotectinrequired
|
RCC
|
"Strikes, riots
& civil commotions
|
SS
|
Steamship
|
SSD
|
Supplementary
Statistical Declaration
|
stc
|
Said to contain
|
SWIFT
|
Society for
WorldwideInterbankFinancial Telecommunications
|
SWL
|
Safe Working load
|
TDC
|
Total distribution
costs
|
TDW
|
Tons deadweight
|
TEU
|
Twenty-foot
equivalent unit
|
THE
|
Technical Help for Exporters
(department of the BOTB)
|
TIEx
|
International
Express Rail Parcels consignment note
|
TIR
|
TransportInternationaleRoutiers
|
T/L
|
Total Loss
|
TLA
|
Tanker Loading
Authority
|
TLO
|
Total loss only
|
TMR
|
Trade Marks Registry
|
TMO
|
Telegraphic money
order
|
P & ND
|
"Theft,
Pilferage and non-delivery
|
TQ
|
TaleQuale(according
to sample)
|
TSR
|
Transit shed
register or Trans Siberian Railway
|
TT
|
Telegraphic transfer
|
TTC
|
Tariff trade code
|
TUCC
|
Transport Users
Consultative Committee
|
TURN
|
Trader unique
reference number
|
U/A
|
"Underwriting
account, unit of account
|
UCE
|
Unforeseen
circumstances excepted
|
UCP
|
Uniform Customs and
Practice (of Documentary Credits)
|
U/D
|
Under deck
|
UDEAC
|
Central African
Customs and EconomicUnion
|
UDEAO
|
UnionDouanceetEconomiqued'AfriqueOccidentale
|
ULCC
|
Ultra large crude
carrier
|
ULD
|
Unit load device
|
UN
|
United Nations
|
UNCTAD
|
The United Nations
Conference on Trade & Development
|
UNCITRAL
|
The United Nations
Commission on International Trade Law
|
UPU
|
Universal
PostalUnion
|
URC
|
Uniform Rules for
Collections
|
URCG
|
Uniform Rules
Contract Guarantees
|
USD
|
United StatesDollar
|
U/w
|
Underwriter
|
VAT
|
Value Added Tax
|
VLCC
|
Very large crude
carrier
|
WA
|
With average
(obsolete)
|
WB
|
"Waybill,
warehouse book
|
w/d
|
"Warranted,
withdrawn
|
wg
|
Weight guaranteed
|
Wgt
|
Weight
|
WIPO
|
World Intellectual
PropertyOrganisation
|
W & M
|
War & Marine
|
W/M
|
Weight and/or
measurement
|
WP
|
Without prejudice
|
WPA
|
With particular
average obsolete)
|
WR
|
Warehouse receipt
|
wro
|
War risks only
|
Wt
|
Weight
|
WTE
|
Wartime extension
clause
|
WW
|
Warehouse warrant
|
YAR
|
York-Antwerp rules
|
ZAR
|
South AfricanRand
|
Shipping Terminology Used in Import Export Business:
Mostly used 60 shipping terms have presented
in the below:
1. What is CM?
2. What is FOB?
FOB means Freight on board.
3. What is C&F?
C&F means cost and freight or clearing and
forwarding.
4. What is CIF?
CIF includes cost, insurance and freight.
5. What is CIFI?
In case of shipping terms, CIFI includes cost,
insurance, freight and interest.
6. What is CIFE?
CIFE means cost, insurance, freight and
exchange.
7. What is COD?
COD stands at cash on delivery.
8. What is CWO?
CWO means cash with order.
9. What is FOW?
FOW stands at free on wagon.
10. What is CPT?
CPT stands at carriage paid to.
11. What is CIP?
In case of shipping terms, CIP means carriage
and instruction paid to.
12. What is DAF?
DAF means delivered at frontier.
13. What is DES?
DES stands at delivered ex ship.
14. What is DEQ?
DEQ includes delivered ex quay.
15. What is DDU?
DDU means delivered duty unpaid.
16. What is DDO?
DDO stands at delivered duty paid.
17. What is A.D.I.S?
A.D.I.S stands at automated computer based
data interchange system.
18. What is A/F?
A/F stands at advanced freight.
19. What is A.F.R.A?
A.F.R.A stands at average freight rate
assessment.
20. What is A.G.B?
A.G.B stands at any good brand.
21.What is Agt?
In case of shipping terms, Agt means agent or
against.
22. What is A.I.F.T.A?
A.I.F.T.A means associate institute freight
trades association.
23. What is AN?
AN means arrival notice.
24. What is AMT?
AMT stands at amount.
25. What is A/O?
A/O means account of (also AO.)
26. What is AP?
AP stands at additional premium or average
payable.
27. What is A/R?
A/R stands at all risks (also A.R.) regards to
insurance.
28. What is ASABOSA?
ASABOSA means association of ships agents and
brokers of South Africa.
29. What is A.T.A?
A.T.A means actual time of arrival.
30. What is AV?
In case of shipping terms, AV means available
container.
31. What is BAF?
BAF means bunker adjustment factor.
32. What is BCV?
BCV means barge carrying vessel.
33. What is BD?
In case of shipping terms, BD means bank
draft.
34. What is B/E?
B/E means bill of entry customs.
35. What is BIFA?
BIFA stands at British international freight
association of freight forwarders.
36. What is B/L?
B/L means Bill of Loading.
37. What is BN?
In case of shipping terms, BN stands at
booking note.
38. What is B/P?
B/P stands at bills payable.
39. What is B.P.B?
B.P.B means bank post bill.
40. What is BSC?
BSC means British shippers council.
41. What is BV?
In case of shipping terms, BV stands at Bureau
Veritas – French ship classification society.
42. What is C&E?
C&E stands at customs and excise.
43. What is C.A.D?
C.A.D stands at cash against documents.
44. What is CAF?
CAF stands at container availability forecast.
45. What is C.A.N?
C.A.N means customs assigned number.
46. What is CCM?
CCM stands at central container management.
47. What is C.H?
C.H stands at custom house.
48. What is F&D?
F&D means freight and demurrage.
49. What is FCL?
FCL means full container load.
50. What is FCS?
51. What is FPD?
FPD means freight payable at destination.
52. What is I.C. &C?
I.C. &C stands at invoice cost and
charges.
53. What is I.C.B?
I.C.B stands at International container
bureau.
54. What is ICC?
In case of sipping terms, ICC means
International chamber of commerce
55. What is IEF?
IEF means International exchange file.
56. What is I.S.F?
I.S.F stands at International shipping
federation.
57. What is L/C?
L/C means Letter of credit.
58. What is TIR?
TIR means turn-in reconciliation.
59. What is SOB?
SOB stands at shipped on board.
60. What is RPT?
In shipping terms, RPT
stands at rate per ton.
Air Freight
Unlike sea freight, the airlines have decided to charge for the heavy merchandise (high densitygoods) by weight, and lightweight merchandise (low density goods) by volume. However, as airplanes can take less weight than ocean liners, the way they Set the standard, in the garment industry, when you ship goods by air, you have a 70% chance to be charged by weight, about 30% chance by volume.The followings are the relationship between weight and volume as set by IATA ( International air transport association).
a.From most shipping locations in the Far east to the U.S. destinations and Canada 7000 cubiccm = 1 kilo.
b.From certain locations in the Far east to the U.S. destinations and Canada 6000 cubic cm = 1kilo.
Therefore when you have low density goods to ship by air, in order to determine if you should try tomake the cartons as small as possible to save freight. First you check with the local air forwarding agent by asking him in the country where you are, how many cubic cm is considered 1 kilo inweight. They will tell you either 7000 or 6000. This is the answer you need.Then you physically check the weight and measurements of the good s packed for the air shipment. Now we have the 3 answers as follows, for example:
- The country is Bangladesh and the formula is 6000 cubic cm = 1 kilo
- The measurements of the cartons are 50cmX 60cmX 40cm
- The gross weight of the cartons are 16 kilo per carton.
Now let us find out if we should try to make the cartons smaller to save air freight by doing thefollowing calculation,Multiply 5 by 60 by 40 = 120000 cubic cm.120000 cubic cm divided by 6000= 20 kilo Now you know, by volume the one carton is of 2 kilo, but by actual weight the carton is of only 16kilo. You also know the airline will charge whichever is higher, in this case, they will charge you for 20 kilo, by volume. If the air freight rate is 2.80 per kilo this carton will cost you $56.00. Now, in order to save some money, let us try to make the carton smaller, usually by cutting theheight of the carton. Lets say we have succeeded in cutting down the height by 5 cm, and see how much money we can save.
Note :
Original size of the carton: 50 X 60 X 35 cm (=20 kilo)
Now cut down to 50 X60 X 35 cm= 105000 cubic cm.105000 / 6000 = 17.5 kilo
Now by using the new carton, we have saved 2.5 kilo and this carton will cost only $ 49.00 (17.5Kilo X 2.80)
☼ Different Country and port
Country
|
Port & price
|
Buyer
|
Sweden
|
Hamburg
|
New Wave Mode Lab
|
Sweden
|
Gothenburg
|
Cellbes Post Order AB
|
Spain
|
Barcelona (1500)
|
Geologistics Barcelona S.A.
|
Italy
|
Genova
|
Samar Spa
|
Sweden
|
Barcelona
|
Rueca Europea S. L.
|
France
|
Leharve (1200)
|
|
U.K.
|
Liverpool (1400)
|
|
Germany
|
Quaken Bruech (1645)
|
Centerline mode Vertriebs GMBH
|
Netherlands
|
Rotterdam
|