HOME : Ocean cargo > Ocean Cargo Terminology
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Word Signification Agreement The organization like alliance where several shipping companies form cartel with respect to charge and service. It is said to have weak hegemony, but there is no way to prove it. ANERA Asia North America Eastbound Rate Agreement. Charge Agreement among the Southeast Asia, the Far East, and the North America. Its jurisdiction stretches over four countries or NIES and China, Thailand, Malaysia, the Philippines, Indonesia, and etc. Dormant after April 1999. 
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Word Signification BAF Bunker Adjustment Factor or Bunker Surcharge. The extra charge or discount depending on the rise/fall of fuel cost. Berth Term The condition the carrier pays loading/unloading cost in the designated landing place. Regular route uses this condition. B/L Bill of Landing. It is a document invalidates that the cargo is loaded or taken over for loading, specifying conditions of transport between shipper and owner of the ship. It invalidates that the cargo is loaded or taken over for loading. It promises that the cargo will be delivered to the legitimate receiver. Block Train While Unit Train means loading a single type of cargo on one compartment of train, Block Train is loaded with different kinds of cargoes. Break Bulk Cargo Usually it involves cargoes like flowers and long cargoes like umbrella. Recently it often refers to the cargoes that can not be containerized.
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Word Signification CAF Currency Adjustment Factor or Currency Surcharge. The extra charge to adjust the profit and loss of foreign exchange. CBR Commodity Box Rate. The charge system set for each CNTR for each item. CFS Container Freight Station. The facility where CNTR is assembled or consolidated. Or it also refers to LCL cargo Chassis A truck loading container or a car body for railroad. The special trailer for container can refer to Chassis CIF Cost, Insurance, Freight. CFR refers to cost of charge and insurance without cost insurance. CKD Complete Knock Down. Half completed product. It often refers to supply of car parts for factories in overseas. COFC Container On Flat Car. The inland transportation by loading contrainer on train Co-Load Cooperation between two country to gather consolidated cargo to one container Conference The cartel that make an agreement about service and charge among several shipping companies to provide stable service. Consolidation Loading more than two types of, two shippers' cargoes, in one container. CY Container Yard. A facility storing entered cargo, or it refers to the FCL cargo that can directly enter Yard.
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Word Signification DOC Destination Delivery Charge. The charge for delivering cargo from the designated landing place to yard. D / O Delivery order. The documents demanding that shipping company directs terminal operator to transfer cargo to the one who has this document. Dry Containers The hermetic container to transport general merchandise other than special cargo such as liquid or freeze. DST Double Stack Train. The shipping of contrainer by american train. Transports with double stack train by organizing 15 ~28 volumes. (1 volume: 10TEU shipment) D / W Deadweight Tonnage. It shows the loading capacity of the ship by ton.
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Word Signification ECHC Empty Container Handling Charge. Subcharge to supplement part of charge related to the container handling of off dock. ETA Estimated Time of Arrival. ETD Estimated Time of Departure.
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Word Signification FAK Freight All Kinds. The charge system based on weight, regardless of type of freight. FAZ Foreign Access Zone. The import-promoted area. If a port or a airport is selected as FAZ, it gets preferential tax or public resource regarding construction and management it. Feeder The ship that undertakes transport from the port which is unaccessible to container ship to the port that is accessible to container ship. FCL Full Container Load. The freight which fully fills one container. FEU Forty Foot Equivalent Units. A type of chassis which helps container transportation. FMC Federal Maritime Commission FOB Free On Board. The charge system under which consignee pays shipping charge and insurance premium, and consignee has shipping right. Free Time The designated period exempting storing charge.
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Word Signification IA Independent Action. The autonomy that permits one member of alliance can independently set shipping charge. IADA Intra-Asia Discussion Agreement. CTNR agreement in Asia. An agreement by almost all of Asian shipping companies in Japan, Korea, Taiwan, Hongkong, Singapore, Malaysia, the Philippines, and Indonesia to change information for purification of sea route. ICTF Intermodal Container Transfer Facility. It usually refers to a port of connection in the Pacific for CNTR intermodalships Inland Depot A terminal located in the connection area of inland container transportation. Interports In Japan, it refers to all the ports or near coast of the Far East and the Southeast Asia. IPI Interior Points Intermodal. A intermodal inland transportation in Canada and the middle and west america, sailing through the West Sea of the North America. It is sometimes called Micro-bridge.
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Word Signification L/C Letter of Credit. A letter of credit is a letter written by a bank authorizing another bank of pay someone a sum of money. Letters of credit are often used by importers and exporters. LCL Less than Container Load. Freight that does not fill one container.
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Word Signification MA Container Modified Atmosphere Container. A low oxygen/high carbon dioxide container preventing freight from aging as well as controlling temperature. Unlike Controlled Atmosphere Container, it should increase airtightness because it can not control concentration of oxygen and carbon dioxide after filling the container. Measurement Basis Setting tariff for shipping freight. MLB Mini-Landbridge. An intermodal system for transporting containers from/to a foreign country by water to/from a U.S. ocean port other than the arrival port by rail at through rates and documents. Multi A multi-purpose ship. The ship in which not only container but also long cargoes such as break and bulk cargoes.
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Word Signification OCP Overland Common Points. It offers lower shipping rates to importers east of the Rockies, provided merchandise from the Far East comes in through the West Coast ports. A cargo originating or destined for the American Midwest and East would be competitive with all-water rates via the U.S. Atlantic and Gulf ports.
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Word Signification PSW Pacific South West, a region of the United States of America and Canada Polinet Information network providing shipping information through mutual communication among shipping company, marine transportation company, weigher, and tally business. Prefix Code An identification mark on each container. The code and number of it make it possible to identify the container.
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Word Signification RIPI Revise IPI. Opposite to IPI, it is an intermodal transportation transporting containers to inland through the West Sea of the North America. Ro/Ro Roll on / Roll off. The cargo ship that can unload cargo by ramp way( a ramp for contact to enter freeway) beside or on the back of the ship, like ferryboat.
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Word Signification Shed A facility to store cargo temporarily on the dock side. It receives, stores, and clears customs of cargoes of conventional vessels. SC Service Contract. An agreement that provides the consignor who warrants a certain amount of freight with repair and/or maintenance for a specific time period. Sea / Air An intermodal transportation by air and ocean. Space Charter Servicing a same route by several companies providing each other spaces. It is advantageous in that there is possibility of variables of ship allocation. It also refers to leading space of other company. Stevedore A person employed to load or unload ships.
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Word Signification TEU Twenty Foot Equivalent Units. THC Terminal Handling Charge. A surcharge to cover the cost of handling containers in a terminal. It usually occurs in a designated landing and a shipping spot. Through Bill of Lading A B/L that requires a responsibility of the whole transportation from the shipping spot to the landing spot by several means of transportation. TOFC Trailer On Flat Car. A type of inland transportation service by trailer with container hung on chassis Transit Time The period of time to be taken from shipping spot to landing spot. Transshipment (T/S) A type of transportation transferring cargoes of other ports from the port at which the ship touches. TRS Terminal Receiving System. TSA Transpacific Stabilization Agreement. The Transpacific Stabilization Agreement is a research and discussion forum of major ocean container shipping lines that carry cargo from Asia to ports and inland points in the U.S. TSA member carriers are authorized under the applicable shipping laws of U.S. and Asian governments TRS Terminal Receiving System. TWRA Trans Pacific Westbound Rate Agreement. A shipping rate agreement from the North America to the Far East and the Southeas Asia. Broke up at the end of April, 1999.
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Word Signification Waybill A document attached to goods in transit specifying their nature, point of origin, and destination as well as the route to be taken and the rate to be charged Way-parts It refers to the service that ship touches the port en route. Weight Basis Calculating tariff based on the basis of weight of cargo.
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Word Signification Outside alliance A carrier providing service with its independent shipping charge, not joining agreement. It is also called independent or outsider. Intermodal Transportation Transportation service that delivers freight with one B/L, using different modes of conveyance in conjunction, such as ships, aircraft, road vehicles, etc Shipping Pool Agreement It is a collection of similar vessel types under various ownerships The members pool their earnings which, in due course, are distributed to individual owner. Designated day service A service that each port designate day for departure and entry of ship. It is settling as a service pursuing perfect control of distribution. Panamax The maximum width, length, and draft of a ship that can transit the locks on the Panama Canal. Flag ship of convenience It describes the business practice of registering a merchant ship in a sovereign state different from that of the ship's owners, and flying that state's civil ensign on the ship. Ships are registered under flags of convenience to reduce operating costs or avoid the regulations of the owner's country.
