Simplified definition of shipping terms

Main trade terms:

(1) FCA (Free Carrier) goods delivery carrier

(2) Fas (Free Alongside ship) shipping port delivery

(3) FOB (free on board) on-board delivery

(4) CFR (cost and freight) cost plus freight

(5) CIF (cost, insurance and freight) cost, insurance fee, and freight

(6) CPT (carriage paid to) freight to the destination

(7) CIP (carriage and insurance paid to) freight, insurance paid to the destination

(8) DAF (delivered at frontier) border delivery

(9) des (Delivered ex ship) destination port shipping

(10) DEQ (Delivered ex quay) Destination Port delivery

(11) DDU (delivered duty unpaid) delivery without tax

(12) DDP (delivered duty paid) post-tax delivery

Major shipping terminologies:

(1) ORC (origen recevie charges) Local receipt fee (charged by Guangdong)

(2) thc (terminal handling charges) Terminal operation fee (charged in Hong Kong)

(3) BAF (bunker adjustment factor) fuel surcharge

(4) CAF (currency adjustment factor) Currency depreciation surcharge

(5) Yas (yard surcharges) pier surcharge

(6) device location surcharge for EPS (equipment position surcharges)

(7) DDC (destination delivery charges) Destination Port delivery fee

(8) peak season surcharges for PSS (peak season sucharges)

(9) port congestion surcharge

(10) Doc (document charges) file fee

(11) O/F (ocean freight) sea freight

(12) B/L (bill of lading) Sea Bill of Lading

(13) MB/L (Master bill of lading) ship owner ticket

(14) MTD (multimodal transport document) multimodal transport document

(15) L/C (letter of credit) Letter of Credit

(16) Certificate of Origin (C/O)

(17) S/C (Sales Confirmation) Sales Confirmation (sales contract) Sales Contract

(18) s/o (Shipping Order) Instructions for loading

(19) W/t (Weight ton) weight tons (I .e., the goods are charged by weight)

(20) M/T (Measurement ton) size ton (that is, the goods are charged by size)

(21) W/m (weight or Measurement ton) is charged by weight tons or size tons from high

(22) cy (container yard) container (container) yard

(23) FCL (full container load) FCL

(24) LCL (less than container load)

(25) CFS (container freight station) container freight station

(26) TEU (twenty-feet Equivalent Units) 20 feet conversion unit (used to calculate the container volume)

(27) A/W (all water) whole waterway (mainly refers to the transportation of goods from the west coast of the United States to the east coast or inland points)

(28) MLB (mini land bridge) mini Continental Bridge (mainly refers to the transportation of goods from the west coast of the United States to the east coast or inland)

(29) NVOCC (non-vessel operating common carrier) non-vessel carrier