Box 364 CH-8152 Glattbrugg ... Part 1 - Terms and Abbreviations - 3 - 2H second half 3PL third party logistics provider ... FIS freight, insurance and shipping charges FIT free in trimmed It’s a designation used to indicate when liability and ownership of goods is transferred from a seller to a buyer. Edition: 1.1 December 1997 Commercial Shipping Common abbreviations used in chartering and freight handling The following is a list of abbreviations, initialisms, and acronyms that you may come across during the Commercial Shipping course. This number gives can be complicated to determine for many shippers, but it’s best to get it right the first time to avoid an adjustment. Speaking the same “shipping” language can help avoid misunderstandings, which most of the time lead to errors and negatively affects service performance and revenue. The American Bureau of Shipping (ABS), first chartered in the State of New York in 1862 to certify ship captains. Always Accessible Always Afloat. If there is an error on your BOL, you could end up with added charges, delays and other inconveniences. BAF (Bunker Adjustment Factor) The Bunker Adjustment Factor, or BAF, as it is more commonly known, is one of the charges levied on goods transported via Sea Freight. FAK stands for Freight of all Kinds. GVW stands for Gross Vehicle Weight. About. FAK stands for Freight of all Kinds. NMFC stands for National Motor Freight Classification and it’s the category of your freight as defined by the National Motor Freight Traffic Association (NMFTA). It provides information including shipping address, packaging type, freight class, description of goods and more. Couldn't find the full form or full meaning of Freight (shipping terms)? SFAAZ. A document which orders the release of freight to another party. Freight Demurrage Deadfreight: FDESP: Free Despatch: FDEDANRSAOCLONL: Freight Deemed Earned, Discountless And Non-Returnable (Refundable) Ship And Or Cargo Lost Or Not Lost: FENDER: A cushion, placed between ships, or between a ship and a pier, to prevent damage: FEU: Standard 40″ Container, forty-foot equivalent unit, a standard size intermodal container. Shipping found in Freight abbreviations. AFFREIGHTMENT. FAK, NMFC, BOL, EDI, FOB, huh? All Chartering Abbreviations Terms & Definitions: ... Base Rate Basic rate of freight of a shipping line or liner conference onto which are added, or on which are calculated, the various surcharges such as the currency adjustment factor or bunker surcharge. D2D (Door to Door): In door-to-door shipping, cargo is shipped from the indicated pick-up location at origin (eg. If you’re interested in partnering with Freightquote for your next shipment, start a quote today. Always Afloat. Freight can be booked on a variety of shipping providers, including ships, airplanes, trucks, and railroads. Height×Width×Length to work out the cubic metre of a shipment, A billing unit used in the international freight industry.Â, Billing will be based on whichever is greater based on the converstion factor, AWB / HAWB – Air Waybill / House Air Waybill, A waybill is a document issued by a carrier or forwarder giving details and instructions relating to the shipmentÂ, A document issued by the carrier to the shipper as a contract of carriage, it must be presented at destination in order for the goods to be released it is a document of title for the goods. The acronym BOL stands for Bill of Lading. For smaller sea freight shipments that do not require a full container. Image Credit: https://www.istockphoto.com/portfolio/i_frontier. Freight tariffs: List of freight a shipping line charges for different kinds of goods at different distances. Used by shipping lines to label general increase in ocean freight rates on particular trade routes ISPS – International Ship & Port Facility Security To cover security handling at the origin and destination ports/depots SCA – Sea Cargo Automation Fee This guide lists all the common freight charges and where is applied. CFS - Container Freight Station Container freight handling depot CNOR/CNEE - Consignor/Consignee Seller / Buyer, Sender/Recevier CY - Container Yard Refering to the shipping lines container storage yards, they are likely to be inland ports ETD/ETA - Estimated time of Departure / Estimated Time of Arrival IATA - International Air transport Association And while we all throw around these letters freely, their actual meaning often gets lost in the juggling. Maybe you were looking for one of these abbreviations: FREEZE - FREF - FREI - FREIDA - FREIG - FREJ - FRELICAN - FRELIMO - FReM … Below are some of the most common freight-shipping terms and abbreviations, along with descriptions of how each one fits into the larger context of the freight shipping industry. 'International freight forwarders" typically handle international shipments. When used with an identified physical location, the designation determines which party has responsibility for the payment of the freight charges and at what point title for the shipment passes from the seller to the buyer. It simply means a pooling of different products into one load for simplification of rating and pricing. It will confirm how the goods can travel and if they can be loaded with other Dangerous GoodsÂ, A document filled in by the shipper providing all the details related to the shipment – Shipper and Consignee, dimensions and weight, description of the goods and shipping terms, ATD/ATA – Actual Time of Departure / Actual Time of Arrival, Has site approval and an accredited MAF person to received and inspect import containersÂ, AQIS – Australian Quaratine Inspection Serive, Refering to the shipping lines container storage yards, they are likely to be inland portsÂ, ETD/ETA – Estimated time of Departure / Estimated Time of Arrival, IATA – International Air transport AssociationÂ, An international organisation of airlines that regulate conditions of operation, safety, schedules and pricing for international air transport – We are ranked No. Arrival First Sea Pilot Station (Norway) The hiring of a ship in whole or part. army. seller’s warehouse) to the indicated drop-off location (eg. NMFC (National Motor Freight Classification) NMFC is a very common acronym that stands for National Motor Freight Classification. This is a helpful acronym for small and medium sized businesses (SMBs) to stay aware of, as it will be the bulk of what is being dealt with. Quick Terms & Abbreviations - Freight Forwarding, International Shipping & Transport, Import & Export Quick Terms & Abbreviations Ad Valorem - (“at value”) – an ad valorem freight rate is one where the freight is based on the value of the goods. Let’s start with very basic terms: FCL: Full container load This is the total weight of the transport and its cargo. FAK = Freight of All Kinds. This particular charge represents the fluctuating costs to the shipping, as an example varying global oil prices. Robinson to notify carriers of pickup requests, as well as receive invoice and tracking information. Definite Glossary of freight charges and abbreviations. Finddivers.com; Shipyards.gr; Shipsafety.gr; Marinesoft.gr; Our Services; Technical Library; RSS; Login AMD International Shipping Ltd.acts as Chartering Brokers and Shipping Agency to many well known International Clients with particular focus on bulk and breakbulk dry cargoes.freight forwarder is an important part of the organization with highly specialized offering project cargo management service and offering all different Freight services from any origin to any destination in the Glob. Air Freight Concept #3: Air Freight Pricing Models. This is a document issued by a bank to another bank to serve as guarantee for payments made to a specified person under specified conditionsÂ, Provides procedures for handling Dangerous Goods (DG) in a safe manner. Our Websites. It simply means a pooling of different products into one load for simplification of rating and pricing. Why? Shipping and Forwarding Agent. Robinson Worldwide, Inc. All Rights Reserved. 1. EDI allows Freightquote by C.H. It is a classification society, with a mission to promote the security of life, property and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities. Freight Ton – Unit of cargo on which a freight rate is based, generally one ton or one cubic meter whichever is greater. Seven steps you can use to improve the shipper-carrier relationship and ultimately benefit your business. Freight Tariff – Schedule, published by a liner conference or shipping line, containing freight rates for a variety of commodities likely to he carried by the lines. Flatbed – Equipment used in truckload shipping to transport large items or machinery.Freight Forwarder – Logistics company that acts as an intermediary between the shipper and the carrier.Freight of All Kinds (FAK) – A rate agreement between shipper/broker and the carrier. The Most Important Freight Shipping Acronyms 1. Freight Demurrage Deadfreight: F.DESP (FD) Free DESPatch: F.DIS: Free DIScharge: FDEDANRSAOCLONL: Freight Deemed Earned Discountless & Non-Refundable Ship and Or Cargo Lost Or Not Lost: FHEX: Friday Holidays EXcluded. Because with all of the different terms used in the transportation and shipping industries, acronyms are a must! Abbreviations are as follows: AQ Any Quantity; COD Collect on Delivery; CWT Per Hundred Pounds; FAK Freight, All Kinds; HGB Household Goods Carriers Bureau Agent; ICC Interstate Commerce Commission or its successors; LTL Less Than Truckload; M Thousand pounds; MC Minimum charge; NMF National Motor Freight Traffic Association, Inc., Agent S&FA. EDI stands for Electronic Data Interchange. We have everything you need to know about freight class. We solved for our customer’s specific needs by combining the power of our technology with the expertise of our people. SMBs should always ensure their BOL is as accurate as possible, as it is the most crucial piece of documentation in the freight shipping process. The consignee is the person that’s paying for the freight service. 20+ Shipping acronyms and abbreviations related to Freight: Any category. Amsterdam-Antwerp-Rotterdam Area. Minimum shipment size is 1 cubic metre (CBM/M³) to 1 tonne, Goods travelling by airfreight on its own and not in a consolidation with other freight, Term used by carriers when shipping containers are lifed off the vessel (import) or forwarders truck (export) onto the forwarders truck (import) or vessel (export), When your shipment over hangs the dimensions of a shipping container, When a shipment can either be driven or towed on and off a vessel, Shipping container owned by the shipper rather than the shippng line, Spealised containers or pallet bases used in cargo aircraft, Height×Width×Length to work out the cubic metre of a shipment, This is used as proof that the goods have been delivered to the consignee fully and undamaged. Freight All Kinds: FAS: Free Alongside Ship: FB/L: FIATA Combined Transport Bill of Lading: FCL: Full Container Load: FCR: Forwarder's Cargo Receipt: FEU: Forty Feet Equivalent Unit: F.I. We've put together a list of some of the most commonly confusing terms here to help you out. Freight terminology can be confusing many of the phares we used have developed in different parts of the world at different times - you may even find the same active or document has different names just depending on whether the freight moves by road or air! Correct terminology and abbreviations also play a fundamental role within this complex industry. space. Maritime Acronyms lists acronyms and abbreviations used in maritime, chartering, shipping, freight and logistics industry. Your air freight cost is calculated based on your shipment’s actual weight or its volumetric weight, whichever is greater. Shipper. Customer Testimonial: Freightquote + MSI Packaging Inc. Three ways to reduce shipping costs and better manage your business. Air freight is priced a little different than other shipping options. Expert freight shipping tips and fast, easy tools to help you ship freight. System whereby freight is charged per container, irrespective of nature of Shipping acronyms and abbreviations in Freight. NO 1.Nigeria premier Shipbrokers House.Your One-Stop Shipbroking Shop Solution in Nigeria and abroad. FAK – Freight All Kinds – freight charged on the basis of the container irrespective of the type of cargo loaded in the container FCL – Full Container Load – denotes the container has cargo that is … armed forces. buyer’s warehouse) at destination. FOB stands for Free on Board. You can learn more about Incoterms by … Shipping Freight Terms List. Here’s How to Start Shipping Again. Abbreviations they use include EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage and Insurance Paid To), and more. A BOL is the mandatory and legally binding paperwork providing the driver and the trucking company with all the details they need to process the shipment. GVWR is the maximum operating weight of a vehicle as specified by the manufacturer. Preparing to Reopen Your Small Business? The shipper is responsible for coordinating the outbound logistics of the freight. At the most basic level, EDI is defined as the business-to-business interconnection of computers for the rapid exchange of documents. (Muslim Countries) FHINC: Friday Holidays INCluded. GVWR includes everything from the vehicle's chassis, body, engine, fluids, accessories, driver, passengers and cargo but does not include the weight of trailers. Free In: … Shipping and Forwarding Agents Association of Zimbabwe. Learn everything you need to know about FAKs.Freight Collect – See Cash on Delivery. FCL (Full Container Load): A container shipment that utilizes an entire container. There are 18 freight classes ranging from class 50 (the least expensive) to class 500 (the most expensive.) Start a quote today cubic meter whichever is greater different kinds of goods at distances. 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