| 20′ |
Standard Twenty Foot Long shipping container |
| 40′ |
Standard Forty Foot Long shipping container |
| 40′ HC |
Forty Foot High Cube shipping container |
| ACS |
Australian Customs Service |
| APSC |
Australian Port Service Charges |
| AQIS |
Australian Quarantine Inspection Service |
| AVE |
Abbreviation for Aircraft container |
| BAF |
Bunker Adjustment Factor – charged by shipping companies to alleviate fluctuating bunkering costs (Ships fuel) |
| B/L |
Bill of Lading: a document that establishes the terms of contract between the shipper and transportation company. It serves as a document of title, contract of carriage and receipt of goods. |
| BSRA |
Basic Service Rate Additional – usually a unpacking charge |
| C&F |
Cost and Freight: Seller is responsible for cost of goods, transport to vessel and ocean freight to named destination |
| C.I.F |
Cost, Insurance and Freight (named port): Seller is responsible for all costs as in C&F plus marine insurance of the cargo. |
| CAF |
Currency Adjustment Factor: charged by shipping companies to alleviate exchange rate deficiencies |
| CBM/M3 |
Cubic Metre |
| CFS |
Container Freight Station: usually applies LCL cargo where cargo is packed and then despatched overseas and then has to be unpacked at destination before delivery to consignee |
| COLLECTION FEE |
Charges related to converting foreign currency to Australian dollars |
| CU FT |
Cubic Feet – 33.315 cubic feet = 1 cubic metre |
| CY |
Container Yard – usually shown as CY/CY |
| D.O |
Delivery Order: a cargo release document given in exchange for an original Bill of Lading. Issued by Shipping companies and Freight Forwarders to enable consignees to collect cargo/ containers ex wharf or depot |
| DDP |
Delivery Duty Paid: The seller is obliged to deliver the goods on the quay at the port of destination cleared for importation. The seller must pay unloading costs but not provide import clearance. The buyer must take delivery of goods at the country of importation and must cover any duties, such as import licenses, pay duties, taxes and fees. |
| ECN |
Export Clearance Number: permit required for all exports over the value. |
| EFAF |
Emergency Fuel Adjustment Factor: Fuel Surcharge charge by U.S.A origin ports. |
| ERA |
Export Receival Advice: mandatory documentation for receival of Full container loads into export terminal/wharf |
| Ex Works |
Buyer bears all costs of transport from sellers premises to buyer’s premises |
| FAK |
Freight of All Kinds: mixed cargoes packed in one container. Mostly used by Freight Forwarders consolidating a number of LCL shipments to form FCL. |
| FCL |
Full Container Load |
| FEU |
Forty Foot Equivalent Units |
| F.I.S |
Free Into Store: Sellers responsibility for all costs as in CIF/C&F plus Customs Duty, Landing costs and all transport charges delivered into buyers store |
| F.O.B |
Free On Board: Seller is responsible for all costs up to Free on Board ship at named port |
| HAWB |
House Airway Bill: is the freight document issued by the forwarder. Although similar to the Bill of Lading it does not confer title in goods and therefore does not have legal standing of Bill of Lading |
| HBL |
House Bill of Lading: Bill of Lading issued by the Freight Forwarder |
| ITF/IDF |
Air Cargo Charges: International Terminal Fee/International Documentation Fee |
| LCL |
Less than container load |
| LETTER OF CREDIT |
Commercial document for organising payments-some forms offer security and minimise risk, Available through bank |
| LO/LO |
Lift On Lift Off – charges levied by Terminal Operators |
| MAWB |
Master Airway Bill: is the Airway Bill issued by the airline or principal carrier |
| MBL |
Master Bill of Lading: is the Bill of Lading issued by the shipping line or principal carrier |
| OBL |
Ocean Bill of Lading: Issued by the shipping line/owners |
| PSC |
Port Service Charges |
| SHIPPERS LETTER |
LETTER OF INSTRUCTION (SLI) Forwarding Instructions to Air Carrier |
| TEU |
Twenty Foot Equivalent Unit |
| THC |
Terminal Handling Charge – levied by shipping companies and reflects the local port costs of stevedoring |
