Free on board means that the goods supplied free on board the vessel encloses not cost any trimming or stew. The term applied by australian customs to the computer. The area immediately in front of or behind a wharf shed on which cargo is. Acceptance of terms through use by using this site, you user signify your agreement to these terms and conditions. Each category is identified by the first letter of the incoterms contained thereunder. International conventions, abbreviations and denominations as currently. Heres a list of commonly used abbreviations only in the maritime industry.
Fca free carrier see incoterms 2000 fcl full container load feu forty foot equivalent unit 40 shipping container fi forwarding instruction fiata international federation of freight forwarders associations fis free into store fob free on board see incoterms 2000 fr flat rack shipping container fs fuel surcharge. Apparent good order, when freight appears to be free of damage after. A conventional portto port only incoterm term of sale. When freight appears to be free of damage so far as a general survey can determine. Artificial objects to supplement natural landmarks indicating safe and unsafe waters. Bill of lading a document signed by the carrier which acts as a receipt and evidence of title to the cargo. Fob, free on board, is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the incoterms standard published by the international chamber of commerce.
Fios free in, out, stowed it is most important to remember that the free. Abbreviations of incoterms alphabetic code for incoterms 2000. In this article we provide simple explanations along with an incoterms. Disclaimer this information is disseminated under the sponsorship of the u. Port charge relating to a vessel moored at approved anchorage site in a harbor. If you do not agree to this agreement please do not use this site. A blind shipment uses a bill of lading that does not provide the customer or consignee information.
Fob definition shipping terms of sale fob, free on board, is a transportation term that indicates that the price for goods includes delivery at the sellers expense to a specified point and no further. Cut off date the last date for which goods can be accepted for a. Glossary of shipping terms a shipment freight terms. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. About 400 people in 33 offices are passionate about delivering the industrys most trusted and highest performing transport service for projects, breakbulk and heavy lift cargoes. Fit free in trimmed fiw free in wagon fixing chartering a vessel flt full liner terms shipowner pays to load and discharge the cargo fmc federal maritime commission us government agency fms fathoms 6 feet. Multipurpose ship general cargo ship which can also carry containers. The fob term is used with an identified physical location to determine 1. 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. Freight shipping terms are unable to be modified on a purchase order. The buyer pays all costs when the goods are delivered.
Usually, but not always, it consists of a letter or group of letters taken from the word or phrase. Glossary of shipping terms maritime administration. The centre of the vessel, with reference to her length or breadth. Part 1 transport and forwarding terms, commercial terms including incoterms. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. Many thanks to kjetil at rimship for sharing his knowledge and abbreviations with us. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination.
A bill of lading or bol is a document that establishes a contract between the customer, freightcenter and the carrier. An ad valorem bill of lading is one where the value of the goods is shown on the face of the document, which value then becomes the carriers limit of liability, in. Click on any of the sections below to see the abbreviations used in that area. Bbc chartering operates the markets largest fleet of multipurpose and heavy lift vessels and a global service for any port, any cargo. Individual departments may agree to alternate shipping terms with vendors if necessary, but it is not possible to reflect alternate terms on a purchase order.
Evaluation of the use of electronic shipping papers for hazardous materials shipments. Most commonly used chartering abbreviations, terms. An acronym for free on board when used in a sales contract. When youre new to the world of shipping, the terminology can feel overwhelming. National academies of sciences, engineering, and medicine. Shipping abbreviations acs australian customs service aest australian eastern standard time ams automated manifest system amsa australian maritime safety authority aqis australian quarantine inspection service ata carnet admission temporaire temporary admission carnet awb air waybill baf bunker fuel adjustment factor bl bill of lading. Accessorials required and optional enhance the shipping services you receive. Shipping jargon explained part 1 the world of shipping is full of confusing terms and acronyms.
Automobile parts and subassemblies manufactured abroad and transported to a designated assembly plant. A contract term requiring that the vessel not rest on the ground. Obocarrier vessel built for the carriage of diversified bulkcargoes i. The freight industry uses a huge amount of abbreviations, for everything from units of measure to pricing structures and modes of travel. The chartered institute of logistics and transport. The fob term is used with an identified physical location to determine 1 the responsibility and basis for payment of.
One rule of the 2010 version delivered at terminal. Bunker is simply the name given to the heavy oil used to fuel ocean vessels. Charterer pays for cost of loadingdischarging cargo, including stowage and trimming. Shipping terms latest shipping terms for international. Consortium a group of combined transport operators who agree to rationalise sailing in a trade and carry each others cargo. The buyer is responsible for loading the goods onto the transport vessel and paying all the cost of shipping beyond that location. Terminals, restrictions, free time, local surcharges, office calendar. An application that expedites the clearance of cargo for the subsequent release of containers. Dat was removed, and is replaced by a new rule delivered at place unloaded. Msc is a world leader in global container shipping, dedicated to providing efficient transport solutions. If you are new to shipping terms contracts you may be unaware of the different trading practices in their respective countries. A free carrier fca is a trade term designating the location the seller is to deliver goods. Experienced shippers, buyers and sellers may even sound like theyre speaking a foreign language. Eterms departure terms exw ex works fterms shipment terms, main carriage unpaid fca free carrier fas free alongside ship fob free on board.
Containers or other goods are lifted on board and ashore by cranes. Bbc chartering is the premier source for global project shipping services. Acquiescence when a bill of lading is accepted or signed by a shipper or shippers agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent. List of all most popular abbreviated shipping terms defined. Browse the list of 10 692 shipping abbreviations with their meanings and definitions. An instrument that measures the amount of current, in amperes, in an electrical circuit. If, however, you do find yourself caught up in a world of shipping confusion, hopefully our below guide will help you out. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. Fios free inout stowed fiost free inout stowed and trimmed fiot free inout and trimmed fit free in trimmed fle fire, lighting and explosion flg flag flt full liner terms fo1 for orders fo3 free out fob free on board foc flag of convenience or free of claims foffer firm offer foq free on quay for free on rail fot free on truck fow1 first open. One set of terms that causes considerable confusion are incoterms. Incoterms 2010 or incoterms 2018 can seem to be confusing at first.
Shipping terms and abbreviations1 school of shipping. Supercargo person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. No more complications on terms and no more problems in understanding different abbreviations. Glossary of customs and trade terms b bl abbreviation for bill of lading. Acronyms, abbreviations, and terms the national academies press. In the old days the need for keeping the length of communication offshore was imperative to save time.
Company reserves the right to revise this agreement without notice, and it is the users responsibility to check back periodically for changes. But, buyers and sellers must clearly understand how they work and their obligations along the supply chain. Liner vessel serving a regular defined route or trade, following a published sailing schedule. This is a very flexible description, a rule of thumb is to. Most often, the destination is a named airport, terminal or other place where the. Ex works means the buyer is responsible for the entire shipment. An abbreviation from latin brevis, meaning short is a shortened form of a word or phrase. A unit of electrical power and abbreviation of ampere. Department of transportation in the interest of information exchange. Free on board an incoterm where the seller is responsible for all costs up to loading the ship at named port. Incoterms 2020 defines 11 rules, the same number as defined by incoterms 2010. Az shipping dictionary and abbreviation finder abbreviations.
This is the assembly of pieces of cargo, secured into one manageable unit. This set of rules defines the responsibilities of buyers and sellers around the delivery of goods. The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. Post office box 24348 seattle, wa 981244348 contact. For additional assistance, please contact procurement and payment services. Single deck ship carrying homogenous unpackaged cargoes. Fob is only used in noncontainerized sea freight or inland waterway transport. Terms and expressions in shipping and offshore general shipping terms types of ships vessel sizes geographical abbreviations capacity measurements offshore terms offshore vessels types of affreightment worldscale abbreviations general shipping terms arbitration a method of settling disputes by one or more arbitrators. Glossary of shipping terms yrc freight ltl since 1924. Glossary of shipping terms download pdf weve put together this shipping.
In the daily works, the knowledge about abbreviations should be accumulated intentionally, and more abbreviations should be used as possibly. This website provides you the information explanations of various chartering terms used in shipping industry which helps you to do the business in smooth way. Glossary of international shipping terms old dominion freight line. Person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations.
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