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Terms & phrases

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Term
Designation
Explanation
ADR
Dangerous Goods by Road (ADR)
International regulations regarding the transport of dangerous goods by road
AGS
Aden Gulf Surcharge
Piracy risk surcharge
ATA
Actual time of arrival
Actual time of departure
B/L
Bill of Lading
Document for freight by sea
B-2-B
Business to business
Trade between companies
B-2-C
Business to consumer
Trade between companies and consumers of the goods
Bar-kode
Bar code
Identification of the goods
CAF
Currency adjustment factor
Currency adjustment factor
Cbm
Cubic metre
A volume that is made by a cube that is 1 meter on each side.
Certificate of Origin
Certificate of Origin
Certificate of Origin of the goods
CFR
Cost and freight
Delivered when goods is loaded onto vessel, port for delivery should be named. Consigner is responsible for insurance
CIF
Cost, Insurance and Freight
Delivered when goods is loaded onto vessel, port for delivery should be named
CIP
Carrige and insurance paid
Delivered when seller delivers goods to a carrier and a named place. Seller organise insurance.
COC
Carrier owned container
Essentially a container is considered a COC container when the carrier (container liner or steamship line) owns the container and controls the majority of the entire transport chain.
Consignee
Recipient
Receiver of the goods
Conversion key
Conversion key
Conversion factor from cbm/LM to weight.
CPT
Carriage paid to (destination)
Carriage paid to (destination)
DAP
Delivered At Place
Delivered when goods is unloaded at named destination
DAT
Delivered at Terminal
Delivered when goods is unloaded at terminal at a given destination
DDP
Delivered Duty Paid
Delivered when goods is ready to be unloaded at unloading destination
Deep sea
Sea freight between continents
Loads shipped between continents
Demurrage
Rental fee
Rental fee at port in regards to containers
Detention
Rental fee containers
Container rental fee
DGR
Dangerous goods regulations
Regulations on how to transport dangerous goods.
Dry bulk cargo
Dry bulk cargo
Goods shipped in large, unpackaged amounts, i.e. sand, cereals
EAN
European Article Numbering
Numerical system giving products a unique optical number
EDI
Electronic Data Interchange
The computer-to-computer exchange of business documents in a standard electronic format between business partners.
ETA
Estimted time of arrival
Estimted time of arrival at a destination
ETD
Estimated time of departure
Estimated time of departure of the goods in question
EUR-1 certificate
EUR-1 certificate
EUR-1 - needed to custom clear goods from within the EU
EXW
Ex works
Seller fulfills his obligation to deliver when he has made the goods available at his premises
FAS
Free alongside ship
Delivered when goods is placed along side vessel
FCA
Free Carrier
Delivered when goods is loaded onto transport of the consignee
FCL
Full container load
Full container load
Feeder
Feeder
Feeders collect shipping containers from different ports and transport them to central container terminals where they are loaded to bigger vessels or further transport by truck or rail 
FEU/FFU
Forty foot Equivalent Unit
Unit equivalent of a forty foot container
FOB
Free on board
Delivered when goods is loaded onto vessel
Freight weight
Freight measurement
Weight converted out of volume
FSC
Fuel Surcharge
Additional cost for transport according to cost of fuel in the period the goods are transported
GSP Certificate
General System of preference
A preferential tariff system by developed countries to developing countries. It involves reduced MFN Tariffs or duty-free entry of eligible products exported to the markets of the developed countries.
HBL
House bill of Lading
House bill of Lading - issued by a forwarder/shipping agent
LCL
Less than container load
Less than container load. 1 TEU equals a 20 feet container
Liners own
The shipping Lines own
The shipping Lines own equipment, property etc
LM
Loading meter
Loading meters - one meter of the truck's length, width and hight.
Lo/Lo
Lift on/lift off.
Lift on/lift off vessel using a crane
MBL
Master bill of Lading
Master bill of Lading - freight document for shipping, issued by the shipowner
Notify party  
Notify party  
Notify party regarding the arrival of goods.      
NVOCC
Non Vessel Operating Common Carrier
Non Vessel Operating Common Carrier - do not own a vessel, but can issue B/L
POD
Port of discharge
Port the goods are delivered
POL
Port of loading
Port the goods are loaded
Reefer
A refrigerated container
A temperature controlled container
Ro/Ro
Roll on / Roll off
Roll on / Roll off the vessel with a truck
SECA
Sulphur Emissions Control Area
Emission control areas for shipping. There are specific emission limitations for shipping within these geographical areas. Shipping companies in these areas are required to use fuel that produces lower sulfur emissions than traditional fuel. The cost of this fuel is charged to the freight purchaser as a SECA supplement on the invoice
Shipper
Sender
Sender of the goods
Shippers own
Property of client
Equipment is property of the client, i.e. container
Short sea
Short sea
Loads shipped within a continent
SOC
Shipper owned container
A container is considered a “SOC” when the BCO, freight forwarder, or NVOCC organizes their own container. In other words, a SOC is a shipper owned container.
SSC
Security Surcharge
Additional cost according to safety risks involved
Stevedore
Stevedore - terminaloperator
Company that loads and unloads vessels and containers in a port
Stripping
Unloading
Unloading of containers
Stuffing
Loading
Loading of containers
TEU
Twenty foot Equivalent Unit
Measurement of containers. 1 TEU equals a 20 for container
THC
Terminal Handling Charge
Terminal Handling Cost
Transit port
Transit port
Harbour where containers are reloaded onto another vessel.
VAL
Valuable Cargo
Valuable Cargo with demends for extra care when handling and packing
VGM
Verified Gross Mass
Verified weighing of containers - international regulation (SOLAS)
W/M
Weight/Measurement
Calculation of W/M for Ocean Freight
Wet bulk cargo
Wet bulk cargo
Wet cargo shipped without packaging. For example oil