ABBREVIATIONS USED IN MARITIME TRANSPORTATION

Abbreviations in negotiating loading / unloading conditions

 

FIFO - free in free out - without loading and without unloading - the rate is
given only on sea freight, excluding loading at the port of departure and
unloading at the port of destination.


FIOS- the same as above


FILO - free in liner out - without loading, but with unloading - the rate
includes sea freight and unloading at the port of destination, but does not
include loading at the port of departure. Identical to FOB terms in terms of
Incoterms.


LIFO - liner in free out - with loading, but without unloading - the rate
includes loading at the port of departure, sea freight, but does not include
unloading at the port of destination.


LILO - liner in liner out - with loading and unloading - the rate includes
loading at the port of departure, sea freight and unloading in the country of
destination.


Other abbreviations


BFR - Base Freight Rate. The amount includes: the costs of the freight owner
for the voyage of the vessel, storage, unloading, reloading and loading of
cargo.


BAF - (bunker adjustment factor) fuel surcharge, the amount of which
depends on the cost of fuel;


CAF -(currency adjustment factor) currency surcharge. Additional surcharge,
the value of which depends on the exchange rate;


C.O.C - (carrier’s owned container) the container belongs to the carrier;


S.O.C - (shipper’s owned container) the container belongs to the consignee;


ISPS - port security surcharge;


DOC - (documentation) Fee for paperwork at the port of departure;


THC - (terminal handling charges) cargo handling services at the port, which
are paid at the port of discharge by the recipient of the cargo, and at the
port of loading by the sender;


POL - (port of loading) port of loading;


POD - (port of delivery) destination port;


ETD - (estimated time of departure) expected date of shipment;


ETA - (estimated time of arrival) expected arrival date of the container;

 

S.T.C. - (said to contain) stated that it contains;


LCL - (less container loading) less than a whole container, shipping in one
container for multiple recipients;


FCL - (full container loading) fully loaded container for one recipient;


CBM - (Cubic Metre) - cubic meter;


If you have any questions, please contact our managers: info@avalon.in.ua

 

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