S.N.TermFull FormDescription
1.3PL3rd Party LogisticsA third party, who takes care of the logistics value chain.
2.BAFBunker Adjustment FactorA kind of fuel surcharge added to the freigt rates.
3.BargeA kind of small shipFlat Bottomed cargo carrying boat. It is used for movement of small quantity cargo. Mainly used for coastal or river movements.
4.BLBill of LadingBL is issued by tee carrier (Shipping Line/NVOCC). This is the document which is presented to the shipping line at POD, and then only cargo can be cleared.
5.Break BulkBreak Bulk CargoThe cargo which can be counted (Other than Containers). It includes Steel coils, Vehicles etc.
6.Bulk CargoBulk CargoThe cargo like coal, limestone etc. These are loaded in the hatches of the ships with the help of cranes having grabs.
7.CAFCurrency Adjustment FactorA kind of surcharge added to freight rates, to mitigate the currency risk.
8.CANCargo Arrival NoticeA document issued by carrier/agent to the importer, notifying him about the arrival of cargo.
9.CBUCompletely Built UnitVehicles being shipped in fully built form.
10.CFSContainer Freight StationCFS is a kind of customs bound warehouse, where stuffing and destuffing of containers are done. These are near to the ports.
11.CKDCompletely Knocked DownVehicles being shipped in parts. One vehicle is knocked down in many small small parts and these parts are shipped in containers.
12.CoCCarrier Owned ContainerThe containers owned by the carriers.
13.CYContainer YardsThese are genaral purpose yards, where generally empty containers are stacked.
14.DBLDraft Bill of LadingThe B/L issued by the Carrier to Freight Forwarder. This is just to check the actual format of the B/L as per LC. Master B/L is issued on the basis of DBL and after MBL is issued, this remains null and void.
15.DCDangerous CargoCargos like petroleum, chemical etc. Special equipments are required to handle these.
16.DemurrageDemurrageThe penalty paid by the charterar to the owner of the ship for delay in completing the voyage.
17.DispatchDispatchThe money paid by the owner of the ship to the charterar for completing the voyage in advance. Genarally the rate will be half of demurrage rate.
18.DODelivery OrderA document issued by carrier/agent to the importer, giving him the authority to collect the cargo. This is issued after B/L is surrendered to the carrier/agent.
19.EGMExport General ManifestA document issued by carrier/agent to the port authorities stating that a container is going for export.
20.FAKFreight of all KindFreight charged by linear operators. Quoted in terms of per TEU.
21.FCLFull Container LoadWhen one container contains cargo for only one consignee.
22.FeederFeeder ServiceA kind of shipping service in which ships ply between a distant port and some port having linear service. For Ex- service between Haldia and Colombo. In this case Haldia is a distant port whereas many linear routes pass through Colombo.
23.FEUForty Feet Equivalent UnitA container of 40′ length. One FEU is equal to 2 TEU.
24.FRFlat RackA kind of container which has just the bottom, like a rack. Generally used for oversized cargo. Freight is more.
25.FreightFreightMoney charged by shipping lines to take the cargo from one port to another.
26.HBLHouse Bill of LadingThe B/L issued by Freight Forwarder to the Shipper. In this B/L the name of actual importer will reflect as consignee.
27.IATAInternational Air Transport OrganisationAn organisation of all the air transporters across the world. Any new air transporter needs an IATA license to operate.
28.ICDInland Container DepotICDs’ are a kind of CFS only. The only difference is that ICDs’ are far from the ports. These are generally called Dry Ports.
29.IGMImport General ManifestA document issued by carrier/agent to the port authorities stating that a container is coming for imports.
30.LCLetter of CreditLC is the master document. It is opened by the bank of consignee in favour of the shipper. All the terms & conditions of the trade are mentioned in this document.
31.LCLLess than Container LoadWhen one container contains cargo for more than one consignee.
32.Lo-LoLift On Lift OffIt is generally used to describe the kind of terminals where vehicles/containers or any cargo are lifted through lifts and put onto the ship.
33.Mate’s ReceiptMate’s ReceiptA declaration given by the captain of the ship about the cargo. B/L is issued based on this.
34.MBLMaster Bill of LadingThe B/L issued by Carrier to the Freight Forwarder. In this B/L Freight Forwarder will be shown as consignee. This is done to hide the actual importers details from the Carrier.
35.MLOMain Line OperatorThe shipping lines, having linear services.
36.MTOMultimodal Transport OperatorA Kind of license issued by DG-Shipping. It authorises carriers to issue multimodal B/L.
37.OTOpen TopA kind of container which has no ceiling. Used for oversized cargo. Freight is more than general container.
38.PODPort of DischargeThe port where cargo is to be discharged.
39.POLPort of LoadingThe port where cargo has been loaded on the ship.
40.ReeferRefrigerated ContainerThe containers having refrigeration units. they have a battery to operate on and are connected to external power at ports and on ships. Used for shipping meats, fruits etc.
41.RMQRail Mounted QuayA kind of crane used at container terminals.
42.Ro-RoRoll On Roll OffIt is a kind of terminal used to ship the vehicles in CBU forms. Vehicles are just driven through the terminal and parked in the ship.
43.SKDSemi Knocked DownVehicles being shipped in parts. One vehicle is knocked down into 4-5 major parts and these parts are shipped.
44.SlotSlotMoney charged by shipping lines from NVOCC operators to take containers from one port to another.
45.SoCShipper Owned ContainerThe containers which have been arranged by the shipper/agent and not by the shipping line.
46.TAMPTariff Authority of Major PortsA statutory body formed by GoI. It regulates the tariffs charged at all the 12 major ports in India.
47.TEUTwenty Feet Equivalent UnitRepresents a unit for containers. One TEU is equal to one container of 20′ length.
48.THCTerminal Handling ChargesCharges to be paid to terminal operator (Most of the cases-Ports). It includes loading charges and charges paid to the stevedores.