Free on board an incoterm where the seller is responsible for all costs up to loading the ship at named port. Acceptance of terms through use by using this site, you user signify your agreement to these terms and conditions. An abbreviation from latin brevis, meaning short is a shortened form of a word or phrase. Obocarrier vessel built for the carriage of diversified bulkcargoes i. Usually, but not always, it consists of a letter or group of letters taken from the word or phrase. Terminals, restrictions, free time, local surcharges, office calendar. If, however, you do find yourself caught up in a world of shipping confusion, hopefully our below guide will help you out. 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. Accessorial charges charges that are applied to the base tariff rate or base contract rate, e. Evaluation of the use of electronic shipping papers for hazardous materials shipments. Each category is identified by the first letter of the incoterms contained thereunder. 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. Dat was removed, and is replaced by a new rule delivered at place unloaded.
Automobile parts and subassemblies manufactured abroad and transported to a designated assembly plant. When freight appears to be free of damage so far as a general survey can determine. 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. Port charge relating to a vessel moored at approved anchorage site in a harbor. Most often, the destination is a named airport, terminal or other place where the. Acronyms, abbreviations, and terms the national academies press.
Weve gathered some of the most common ones here to help you navigate these terms. Experienced shippers, buyers and sellers may even sound like theyre speaking a foreign language. Glossary of shipping terms a shipment freight terms. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. 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. Click on any of the sections below to see the abbreviations used in that area.
It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination. A blind shipment uses a bill of lading that does not provide the customer or consignee information. A conventional portto port only incoterm term of sale. 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. Az shipping dictionary and abbreviation finder abbreviations.
Abbreviations of incoterms alphabetic code for incoterms 2000. Heres a list of commonly used abbreviations only in the maritime industry. In this article we provide simple explanations along with an incoterms. Many thanks to kjetil at rimship for sharing his knowledge and abbreviations with us.
Apparent good order, when freight appears to be free of damage after. Disclaimer this information is disseminated under the sponsorship of the u. The area immediately in front of or behind a wharf shed on which cargo is. If you do not agree to this agreement please do not use this site. A bill of lading or bol is a document that establishes a contract between the customer, freightcenter and the carrier. Accessorials required and optional enhance the shipping services you receive. The centre of the vessel, with reference to her length or breadth. Shipping terms latest shipping terms for international. A pricing term indication that the cost of the goods and freight charges are included in the.
Glossary of shipping terms maritime administration. Multipurpose ship general cargo ship which can also carry containers. One set of terms that causes considerable confusion are incoterms. 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. Artificial objects to supplement natural landmarks indicating safe and unsafe waters.
Containers or other goods are lifted on board and ashore by cranes. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments. One rule of the 2010 version delivered at terminal. The buyer pays all costs when the goods are delivered.
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. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Fob is only used in noncontainerized sea freight or inland waterway transport. Incoterms 2010 or incoterms 2018 can seem to be confusing at first. 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. Consortium a group of combined transport operators who agree to rationalise sailing in a trade and carry each others cargo. National academies of sciences, engineering, and medicine. List of all most popular abbreviated shipping terms defined. Incoterms 2020 is the ninth set of international contract terms published by the international chamber of commerce, with the first set having been published in 1936. Shipping terms and abbreviations1 school of shipping. Bbc chartering operates the markets largest fleet of multipurpose and heavy lift vessels and a global service for any port, any cargo. Supercargo person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. The freight industry uses a huge amount of abbreviations, for everything from units of measure to pricing structures and modes of travel.
Shipping jargon explained part 1 the world of shipping is full of confusing terms and acronyms. 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. 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. The buyer is responsible for loading the goods onto the transport vessel and paying all the cost of shipping beyond that location.
An acronym for free on board when used in a sales contract. Free on board means that the goods supplied free on board the vessel encloses not cost any trimming or stew. The fob term is used with an identified physical location to determine 1. No more complications on terms and no more problems in understanding different abbreviations. A free carrier fca is a trade term designating the location the seller is to deliver goods. Freight shipping terms are unable to be modified on a purchase order. The chartered institute of logistics and transport. Department of transportation in the interest of information exchange. Glossary of international shipping terms old dominion freight line. Charterer pays for cost of loadingdischarging cargo, including stowage and trimming. Fios free in, out, stowed it is most important to remember that the free. A contract term requiring that the vessel not rest on the ground. 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. 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.
Company reserves the right to revise this agreement without notice, and it is the users responsibility to check back periodically for changes. This set of rules defines the responsibilities of buyers and sellers around the delivery of goods. Cut off date the last date for which goods can be accepted for a. Liner vessel serving a regular defined route or trade, following a published sailing schedule. 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. The term applied by australian customs to the computer.
International conventions, abbreviations and denominations as currently. Bbc chartering is the premier source for global project shipping services. When youre new to the world of shipping, the terminology can feel overwhelming. Glossary of shipping terms download pdf weve put together this shipping. Eterms departure terms exw ex works fterms shipment terms, main carriage unpaid fca free carrier fas free alongside ship fob free on board. Browse the list of 10 692 shipping abbreviations with their meanings and definitions. An application that expedites the clearance of cargo for the subsequent release of containers. An instrument that measures the amount of current, in amperes, in an electrical circuit. Person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. Glossary of customs and trade terms b bl abbreviation for bill of lading. 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. Bunker is simply the name given to the heavy oil used to fuel ocean vessels. This is the assembly of pieces of cargo, secured into one manageable unit. Glossary of shipping terms yrc freight ltl since 1924.
The fob term is used with an identified physical location to determine 1 the responsibility and basis for payment of. Most commonly used chartering abbreviations, terms. Bill of lading a document signed by the carrier which acts as a receipt and evidence of title to the cargo. Post office box 24348 seattle, wa 981244348 contact. The seller provides the goods in shipping port, the ships side or in the grandstand. For additional assistance, please contact procurement and payment services. This is a very flexible description, a rule of thumb is to. In the old days the need for keeping the length of communication offshore was imperative to save time. 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. Incoterms 2020 defines 11 rules, the same number as defined by incoterms 2010. Part 1 transport and forwarding terms, commercial terms including incoterms.
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