||3rd Party Logistics
||A third party, who takes care of the logistics value chain.
||Bunker Adjustment Factor
||A kind of fuel surcharge added to the freigt rates.
||A kind of small ship
||Flat Bottomed cargo carrying boat. It is used for movement of small quantity cargo. Mainly used for coastal or river movements.
||Bill of Lading
||BL 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.
||Break Bulk Cargo
||The cargo which can be counted (Other than Containers). It includes Steel coils, Vehicles etc.
||The cargo like coal, limestone etc. These are loaded in the hatches of the ships with the help of cranes having grabs.
||Currency Adjustment Factor
||A kind of surcharge added to freight rates, to mitigate the currency risk.
||Cargo Arrival Notice
||A document issued by carrier/agent to the importer, notifying him about the arrival of cargo.
||Completely Built Unit
||Vehicles being shipped in fully built form.
||Container Freight Station
||CFS is a kind of customs bound warehouse, where stuffing and destuffing of containers are done. These are near to the ports.
||Completely Knocked Down
||Vehicles being shipped in parts. One vehicle is knocked down in many small small parts and these parts are shipped in containers.
||Carrier Owned Container
||The containers owned by the carriers.
||These are genaral purpose yards, where generally empty containers are stacked.
||Draft Bill of Lading
||The 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.
||Cargos like petroleum, chemical etc. Special equipments are required to handle these.
||The penalty paid by the charterar to the owner of the ship for delay in completing the voyage.
||The 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.
||A 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.
||Export General Manifest
||A document issued by carrier/agent to the port authorities stating that a container is going for export.
||Freight of all Kind
||Freight charged by linear operators. Quoted in terms of per TEU.
||Full Container Load
||When one container contains cargo for only one consignee.
||A 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.
||Forty Feet Equivalent Unit
||A container of 40′ length. One FEU is equal to 2 TEU.
||A kind of container which has just the bottom, like a rack. Generally used for oversized cargo. Freight is more.
||Money charged by shipping lines to take the cargo from one port to another.
||House Bill of Lading
||The B/L issued by Freight Forwarder to the Shipper. In this B/L the name of actual importer will reflect as consignee.
||International Air Transport Organisation
||An organisation of all the air transporters across the world. Any new air transporter needs an IATA license to operate.
||Inland Container Depot
||ICDs’ are a kind of CFS only. The only difference is that ICDs’ are far from the ports. These are generally called Dry Ports.
||Import General Manifest
||A document issued by carrier/agent to the port authorities stating that a container is coming for imports.
||Letter of Credit
||LC 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.
||Less than Container Load
||When one container contains cargo for more than one consignee.
||Lift On Lift Off
||It is generally used to describe the kind of terminals where vehicles/containers or any cargo are lifted through lifts and put onto the ship.
||A declaration given by the captain of the ship about the cargo. B/L is issued based on this.
||Master Bill of Lading
||The 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.
||Main Line Operator
||The shipping lines, having linear services.
||Multimodal Transport Operator
||A Kind of license issued by DG-Shipping. It authorises carriers to issue multimodal B/L.
||A kind of container which has no ceiling. Used for oversized cargo. Freight is more than general container.
||Port of Discharge
||The port where cargo is to be discharged.
||Port of Loading
||The port where cargo has been loaded on the ship.
||The 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.
||Rail Mounted Quay
||A kind of crane used at container terminals.
||Roll On Roll Off
||It 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.
||Semi Knocked Down
||Vehicles being shipped in parts. One vehicle is knocked down into 4-5 major parts and these parts are shipped.
||Money charged by shipping lines from NVOCC operators to take containers from one port to another.
||Shipper Owned Container
||The containers which have been arranged by the shipper/agent and not by the shipping line.
||Tariff Authority of Major Ports
||A statutory body formed by GoI. It regulates the tariffs charged at all the 12 major ports in India.
||Twenty Feet Equivalent Unit
||Represents a unit for containers. One TEU is equal to one container of 20′ length.
||Terminal Handling Charges
||Charges to be paid to terminal operator (Most of the cases-Ports). It includes loading charges and charges paid to the stevedores.