Shipping trade tips

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Glossary of terms for air trade business

 

BILL OF LADING）

A bill of lading is a document used to prove the contract of maritime transportation and the taking over or loading of goods by the carrier, as well as the document by which the carrier guarantees delivery at the port of destination.

 

SHIPPED OR BOARD B/L

Refers to the bill of lading issued by the carrier to the shipper indicating that the goods have been loaded on board.

 

Received for Shipping B/L

A bill of lading is a bill of lading issued by the carrier when the goods have been received but not yet loaded on board.

 

DIRECT B/L

It refers to the bill of lading issued when the goods are loaded at the loading port and then directly unloaded at the unloading port without changing ships.

 

Through B/L

Refers to the bill of lading issued by the carrier at the loading port to enable transshipment to the destination port.

 

Multimodal transport bill of lading (MT B/L)

Refers to a bill of lading that is signed for the entire transportation of goods by two or more modes of transportation such as sea, inland waterway, railway, road, and air.

 

LINER B/L

A liner is a ship that continuously carries out cargo transportation between specified ports on a certain route according to a published schedule. Liners can be divided into two types: fixed-route regular and irregular.

 

 

 CHARTER PARTY B/L

Generally refers to the bill of lading signed by the shipowner to the charterer when the charterer is used to transport all the charterer's goods, or the bill of lading issued by the shipowner or charterer when not all the charterer's goods are transported.

 

STRAIGHT B/L

A bill of lading in which only the consignee named on the bill of lading can pick up the goods is generally not negotiable.

 

ORDER B/L

There are usually unnamed instructions (just write ORDER) and named instructions (ORDER OF SHIPPER or ORDER OF CONSIGNEE**COMPANY; ORDER OF **BANK). This type of bill of lading can be transferred after being endorsed by the person giving the instructions.

 

Bearer bill of lading (BLANK B/L or OPEN B/L)

There is no consignee or ORDER in the bill of lading, which means that any holder of the bill of lading has the right to take delivery of the goods.

 

Clean B/L

When the goods are delivered, they appear to be in good condition, and the carrier does not make any remarks regarding damage to the goods, poor packaging or other remarks that may hinder the collection of exchange when issuing the bill of lading.

 

FOUL B/L

When the goods are delivered, if their packaging and surface condition appear to be not solid and intact, the shipowner may make a note, which is a unclean bill of lading.

 

Parcel receipt (PARCLE RECEIPT or NON-NEGOTIABLE RECEIPT)

Suitable for small quantities of goods, luggage or samples, etc.

 

Minimum Freight Bill of Lading (MINMUM B/L)

The freight does not reach the minimum amount specified in the freight rate, but is charged according to the specified minimum freight.

 

Combined bill of lading (OMNIBUS B/L or COMBINED B/L)

When different batches of goods are combined on one bill of lading, or different batches of the same liquid cargo are loaded in one oil tank and several bills of lading are issued, the former is called a combined bill of lading and the latter is called a assembled bill of lading.

 

SAPARATE B/L

A batch of goods, that is, goods under the same bill of lading, can be divided into two or more sets of bills of lading according to the shipper's requirements.

 

STALE B/L

The date when the exporter submits documents to the bank for payment is too far away from the date of shipment, so that the bill of lading cannot be delivered to the consignee at the destination port before the ship arrives at the destination. Banks generally do not accept such bills of lading.

 

SWITCH B/L

After the bill of lading is issued at the port of departure, another set of bills of lading is issued at the intermediate port as the cargo from the intermediate or transit station.

 

Anti-Dated B/L

A bill of lading issued by the carrier at the request of the shipper after the goods are loaded on board, with a date earlier than the actual date of completion of loading.

 

ADVANCED B/L

The shipper issues a letter of guarantee to request the carrier to borrow the bill of lading in advance because the goods are already in the hands of the carrier or have already started to be loaded due to the expiration of the shipment period and the settlement period specified in the letter of credit.

 

ON DECK B/L

Refers to a bill of lading that indicates that the goods are loaded on the open deck of the ship and the words "on deck" are marked on it.

 

House B/L

A bill of lading issued by a freight forwarder. Freight bills of lading are often issued when goods are shipped from inland to inland. This type of bill of lading lacks the effect of a bill of lading in a technical and strict legal sense.

 

INTERNATIONAL MULTIMODAL TRANSPORT

According to the entrustment of the cargo shipper, the multimodal transport operator transports the cargo from the place where the cargo is taken over in one country to the designated place for delivery in another country by at least two different modes of transport, one of which is sea transport. This mode of transport is called international multimodal transport. Its main forms are: sea-land/sea-air/sea-rail, etc.

 

INTERNATIONAL LOGISTICS

It refers to the logistics activities between countries or regions in the world, in which commodity entities flow from one country or region to another due to international trade activities.

 

Cost terms that are difficult to translate

 

     

FSCfuel surcharge

SCCsecurity sur-charge

Customs clearance fee customs clearance fee

Storage Fees storage fee

Operation labor fee labour fee or handling charge

Unpacking feeDewatering charge

Terminal Fees CFS charge

Delivery on board FOT ( free on track )

Customs clearance fee emergent declearation change

Order Fee D/O fee

Waiting time fee waiting charge

Telex Release Fee B/L surrender fee

Wire transfer fee T/T fee

Booking Fee booking charge

Animal and plant quarantine fees animal & plant quarantine fee

Distribution Fee dispatch charge

Change order fee amendment charge

Port Miscellaneous Feesport overload

Customs inspection fee customs inspection fee

Ocean Freight ocean freight

Damaged box fee container damage charge

Order replacement fee D/O fee

Airport Fees air terminal charge

Truck freight, short-haul freightDrainage

In and out fees warehouse in/out charge

Truck freight cartage fee

Air freight air freight

Airway bill fee airway bill fee

Interior box fee container loading charge(including inland drayage)

LCL service fee LCL service charge

Cleaning box fee container clearance charge

Commodity inspection fee commodity inspection fee

Commodity inspection and bill of lading fee exchange fee for CIP

Port clearance fee port congestion charge

Container fee container stuffing charge

Documentation Fees document charge

Dirt tank fee container dirtyness change

Mobile heavy machinery fee mobile crane charge

Demurrage demurrage charge

Demurrage container detention charge

Transit fee/transit fee I/E bonded charge

Transportation Fee transportation charge

AMSAutomated Manifest System

ACS/ACCALAMEDA CORRIDOR SURCHARGE Train access fee (transfer from Los Angeles)

BAFBUNKER AJUSTMENT FACTOR BUNKER AJUSTMENT FACTOR BAF fuel surcharge is available on most routes, but the standards vary.

BRCTHE BUNKER RECOVERY CHARGE

CAFCURRENCY AJUSTMENT FACTOR Currency Surcharge

CY-CFS CY-CHARGE

FAFFuel AdjustmentFactor Fuel price adjustment surcharge (for Japan routes only)

GRAY General Rate Increase General Rate Increase surcharge is generally used for South American routes and US routes

DDCDestination Delivery Charges Direct Flight Surcharges for U.S. and Canada Routes

DOC DOcument charges

EBSEMERGENCY BUNKER SURCHARGE Emergency fuel surcharge is generally used on Australian routes

EBAEmergency fuel surcharges are generally used on African routes and routes to Central and South America.

ERS/ERAEmpty container transfer fee

IFATemporary fuel surcharge, temporarily used on certain routes

IACIntermodal management fee (China Shipping)

IASDirect flight surcharge for US-Canada routes

Deviation SurchargeDeviation surcharge

Transhipment SurchargeTransshipment Surcharge

Direct AdditionalDirect flight surcharge

Long Length AdditionalExtra length surcharge

Fumigation ChargeFumigation Fee

Ice SurchargeFreezing surcharge

Cleaning ChargeTank cleaning fee

Optional Fees or Optional AdditionalSelect discharge port surcharge

Alteration ChargeSurcharge for change of discharge port

 

Freight Forwarding Cost Terms

America West O/F+PSS+AMS+WRS+IAC+IPI+ERS+ACC

Eastern US O/F+PSS+AMS+WRS+PCC+RIPI+ERS

Southeast Asia Line O/F+BAF+WRS+PCS

EuropeO/F+BAF+CAF+PSS (will be added during peak season)

JapanO/F+PSS (EBS+BAF/YAS+CYC usually paid on delivery)

South Korea O/F+PSS+EBS

 

EBS, EBA are the ways of expressing fuel surcharges on some routes. EBS is generally used on Australian routes, and EBA is generally used on African routes and Central and South American routes. European CAF 6.4% BAF199/398 Anti-terrorist 6 (August, changes every month) PSS 110/220 Generally PSS is from April to May every year to October 31st every year. Japan PSS (PP) 0 BAF (CC) YAS (CC) CYC (CC) EBS (CC) South Korea PSS EBS

 

IPI INTERIOR POINT INTERMODAL Inland forwarding fee

ISPSShanghai Port Congestion Charge ISPS (depending on the shipping company)

ORCORIGIN RECEIPT CHARGE: Port of shipment receipt fee, local export surcharge. Similar to SPS, generally used in South China

PTF Panama Canal Surcharge US routes, Central and South American routes

PSSPeak Season Sucharges Most routes may temporarily use peak season surcharges during peak seasons.

PCCPanama Canal Surcharge

PCSPort Congestion Surcharge is generally used by some ports in Israel, India and routes to Central and South America. Starting from August 15, ALEXANDRIA will charge PCS ($350/TEU) Shanghai

HOWNo inland transportation fee

SPSShanghai Port Surcharge Shanghai Port Surcharge

THCTERMINAL HANDLING CHARGES Terminal handling charges (collected in Hong Kong)

WRSWar surcharges are generally charged in ports in the Middle East, especially in Israel.

YASYEN ADJUSTMENT SURCHARGE Yen depreciation surcharge (for Japan routes only)

ORCOrigen Recevie Charges Local export surcharges, similar to SPS (collected in Guangdong Province)

EPSEquipment Position Surcharges Equipment Position Surcharges

SCSSuez Canal Surcharge Suez Canal Surcharge

Heavy-Lift AdditionalOverweight surcharge

YAS Yard SurchargesTerminal surcharge

 

 

Source: International Shipping Network

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