Logistics Terminology


Terminology

B/L

Bill of Lading(Receipt for shipment & Title of goods)

BAE

Bunker Adjustment Factor

BULLET SEAL

As tiny "Steel Locking Device" use to lock the container doors

C & F or CFR

Cost and Freight(Incoterms)

CFS

Container Freight Station

CIF

Cost Insurance and Freight(Incoterms)

CONSIGNEE

The Buyer to whom the goods have to be delivered against surrender of a duly accomplished "bill of lading"

CONTAINER

A Special steel box used for the transportation of cargoes

CY

Container Yard

D/C

Dry Container(standard ISO container)

DG

Dangerous Goods(Hazardous Cargo)

DUNNAGE

Material used to prevent shifting of cargo within a container

F/R

Flat Rack Conrtainer

FAK

Freight All Kinds

FOB

Free on Board(Incoterms)

HAZMAT

Hazardous material

HDC

Heavy Duty Container(A container which has an average payload of 30 tons.)

HIGH CUBE

A container which is9.6 feet in height

ICC

International Chamber of Commerce

ICD

Inland Container Depot

IHC

Inland Haulage Charges

IMCO

International maritime consultative Organisation

IMDG

International maritime consultative Dangerous Goods Code

INCOTERMS

International commercial terms, as specified by the ICC

ISO

International Organization for Standadization

LASHING

The process of securing the cargo within a container with ropes/ wires

MTO

Multimodal Transport Operaror

NOTIFY PARTY

The party who has to be notified  once the cargo arrives at the destination

NVOCC

Non vessel Owing Common/container carrier

O/T

Open Top Container

OCEAN FREIGHT

The consideration for the carriage of cargoes by sea

ODO

One Door Open(On DecK Cargo)

REEFER

Container equipped with refrigeration machinery

SHIPPER

The seller who holds the title of the goods being shipped

SHIPPING MARKS

Identification marks normally affixed on each unit of cargo

STRIPPING / DE-VANNING

The process of removing cargo from a container

STUFFING / VANNING

The process of stowing cargo within a container

T.T.CLUB

Through Transport club-London(Insurance club)

TEU / FEU

Twenty Equivalent Unit / Forty Equivalent Unit

THC

Terminal Handling Charges