Shipping Terms Abbreviation

Main trading terms:

(1) FCA (Free Carrier) Cargo Carrier (2) FAS (Free Alongside Ship) Shipment (3) FOB (Free on Board) Shipment (4) CFR (Cost and Freight) Cost and Freight (5) CIF (Cost, Insurance and Freight) Cost, Insurance, Freight and Freight (6) CPT (Carriage Paid To) Freight to Destination (7) CIP (Carriage and Insurance Paid To) Freight and Insurance Payment To the destination (8) DAF (Delivered At Frontier) border delivery (9) DES (Delivered Ex Ship) destination port ship delivery (10) DEQ (Delivered Ex Quay) destination port terminal delivery (11) DDU (Delivered Duty (Unpaid) unpaid delivery (12) DDP (Delivered Duty Paid) post-tax delivery main shipping terminology abbreviations:

(1) ORC (Origen Recevie Charges) Local Receipt Fees (Acquired by Guangdong Province)

(2) THC (Terminal Handling Charges) terminal operating fee (collected in Hong Kong)

(3) BAF (Bunker Adjustment Factor) fuel surcharge (4) CAF (Currency Adjustment Factor) currency devaluation surcharge (5) YAS (Yard Surcharges) terminal surcharge (6) EPS (Equipment Position Surcharges) equipment surcharge ( 7) DDC (Destination Delivery Charges) Destination Port Delivery Fee (8) PSS (Peak Season Sucharges) Seasonal Surcharge (9) PCS (Port Congestion Surcharge) Port Congestion Surcharge (11) O/F (Ocean Freight) Ocean Freight (12) B/L (Bill of Lading) Bill of Lading (13) MB/L (Master Bill of Lading) Shipowner (14) MTD (Multimodal Transport Document) multimodal transport document (15) L/C (Letter of Credit (16) C/O (Certificate of Origin) Certificate of Origin (17) S/C (Sales Confirmation) Sales Confirmation (Sales Contract) Sales Contract (18) S/O (Shipping Order) Loading Instructions (19) W/T (Weight Ton) weight tons (i.e. goods charges are charged by weight)

(20) M/T (Measurement Ton) Size Ton

(21) W/M (Weight or Measurement ton) is the gross tonnage or size ton from the high (22) CY (Container Yard) container (container) yard (23) FCL (Full Container Load) FCL ( 24) LCL (Less Than Container Load) LCL (bulk cargo)

(25) Container Freight Station Container Freight Station (26) 20-foot conversion unit TEU (Twenty-feet Equivalent Units) (used to calculate the amount of containers)

(27) A/W (All Water) full waterway (mainly refers to the transport of goods from the West Coast of the United States to East Coast or inland points)

(28) MLB (Mini Land Bridge) mini-continental bridge (mainly refers to the transport of goods from the West Coast of the United States to the East Coast or inland point of the cargo)

(29) NVOCC (Non-Vessel Operating Common Carrier) NVOCC