Commonly used shipping terms and English abbreviations are:

1. FCA (Free Carrier)?

2. FAS (Free Alongside Ship) Free on board at the port of shipment?

3. FOB (Free on Board) Free on board at the port of shipment?

4. CFR (Cost and Freight)?

5. CIF (Cost, Insurance and Freight) cost, insurance and freight?

6. CPT (Carriage Paid To) freight paid to the destination?

7 , CIP (Carriage and Insurance Paid To) freight and insurance paid to the destination?

8. DAF (Delivered At Frontier) border delivery?

9. DES (Delivered Ex Ship) Delivered on board at the port of destination?

10. DEQ (Delivered Ex Quay) Delivered at the port of destination?

11. DDU (Delivered Duty Unpaid)?

12. DDP (Delivered Duty Paid) delivery after duty paid?

13. THC (Terminal Handling Charges) terminal operating fee (charged in Hong Kong)?

14 , BAF (Bunker Adjustment Factor) fuel surcharge?

15. CAF (Currency Adjustment Factor) currency depreciation surcharge?

16. YAS (Yard Surcharges) terminal surcharge?

17. B/L (Bill of Lading)?

18. S/O (Shipping Order)?

19. W /T (Weight Ton) weight ton (i.e. cargo charges are based on weight)?

20. M/T (Measurement Ton) size ton (i.e. cargo charges are based on size)?

21. W/M (Weight or Measurement ton) means charging the higher one in weight tons or size tons?

22. CY (Container Yard) container (container) yard?

23. FCL (Full Container Load)?

24. LCL (Less than Container Load)?

25. CFS (Container Freight Station) Container freight station?

26. TEU (Twenty-feet Equivalent Units) 20-foot conversion unit (used to calculate the container volume)?

27. A /W (All Water) All waterway (mainly refers to the transportation mode of goods transferred from the West Coast to the East Coast or inland points)?

28. MLB (Mini Land Bridge) small land bridge (mainly refers to the transportation method from the West Coast to the East Coast or inland points) How to transport goods from the West Coast of the United States to the East Coast or inland points)?

29. NVOCC (Non-Vessel Operating Common Carrier) NVOCC

Extended information

Advantages of sea transport:

Marine transport is the most important mode of transportation in international trade. More than two-thirds of the total international trade volume, and most of my country’s import and export goods, are It is transported by sea transportation. The advantages of ocean transportation are its large volume, low shipping costs, and extensive waterways.

However, its shortcomings are its slow speed, high navigation risks, and difficulty in accurate sailing dates.

Basic terms:

1. Sublease contract is a contract between the charterer and the next party.

The terms and conditions of the contract are the same as the contract between the charterer and the shipowner (often called a head contract). The purpose of entering into the same clause is to ensure that any money that the charterer may have to pay to the next party, such as expedited condemnation fees, can be recovered from the shipowner.

2. Traveling without a load

The reasons why the ship has to sail without a load between two ports: (1) There is no cargo that can be shipped at the unloading port; (2) In some cases, a ship may have a series of voyages between two ports, but only cargo in one direction is suitable for shipment; (3) In other cases, it is. It may be more cost-effective to sail to a certain port empty-loaded to ship high-freight goods than to sail to that port loaded with low-freight goods.

3. Rate grade

A category on the freight list of a shipping company or liner conference. Each category includes a single fee category and a group of commodities applicable to that rate. . These grades are turned into numbers for easy identification and may be preceded by a W or M to indicate whether shipping is based on weight or size.

4. Additional demurrage

Due to failure to complete loading and unloading within the agreed demurrage, the voyage charterer, shipper or consignee shall pay the shipowner according to the circumstances. amount. The daily rate of additional demurrage is agreed in the charter party.

5. Rebate commission

The commission paid by the shipowner to the charterer is expressed as a percentage of freight or rent, usually 2. 5%. Although this commission is used by charterers as a means to reduce freight or rent, it may be adjusted by shipowners.

6. Liner transportation

A service provided by shipping companies. Cargo ships regularly operate at scheduled and announced loading and unloading ports. The freight is calculated according to the company's freight rate list.

Reference: Baidu Encyclopedia-Shipping