International Commercial Terms

a/a

Always afloat

a.a.r:

Against all risks

Air consignment note:

Airport of arrival:

Airport of departure

Airport from where the transported cargo departs

Airway bill:

Receipt of goods by an airline

Always safely afloat:

a.m.:

Ante meridiem(before noon)

Amounts:

Sum

Approx.:

Approximetaly

ARR:

Arrival

B/L:

Bill of lading

Booking:

Reservation

Breakdown clause (of-of-hire clause):

A condition in a contract specifying that someone who pays to use a ship or piece of machinery will not have to pay any money during any period of time when the ship or machinery is not working properly.

Breaking bulk:

Brokerage:

B.S.:

Bottom stowed

B.S.T.:

British summer time

Bulk:

Non-packed load (for instance coal)

Bulk freight:

Load with low weight yet high stowage factor

ca.:

circa

c.a.d. (c/d):

Cash against documents

c.a.f.:

Coüt, assurance,fret,c.i.f. (cargo value , insurance and freight)

cargo:

transport, load

Carriage:

transport, handling

Carrier:

c.o.d.:

Charges collect

Certificate of origin:

c.+f:

Cost and freight

c.+i:

Cost and insurance

Charge:

Costs,fees

Chargeable weight:

CIF:

c.i.f.:

c.i.f.+c:

cost,insurance,freight and commission

c.i.f landed:

Cost,insurance,freight,landed

city terminal service:

c.k.d.:

completely knocked down

Claims:

c/o:

Care of. (through)

c.o.d.:

Cash on delivery

Collecting free:

fee paid to collect the load from the ship at the port of arrival

Commodity rates:

Conditions of contract:

Consignee:

Consignment:

The load shipped, dispatch, shipping

Consignor:

The entity shipping the load

Consolidator:

An IATA-member organization that consolidates the cargo and collectively ships them

Consular ınvoice (C.I):

c.o.s.:

Charterer pays dues

CPT:

Carriage Paid To

CRF:

Cost and Freight

c.t:

Conference terms (provisions of the contract concluded between liner companies)

Current rates:

Customs broker:

Customs agent

Customs clearance:

Removing the load from the customs

customs declaration:

DAF:

delivery at the frontier

d.d.:

Dangerous deck

DDP:

Delivered duty paid

DDU:

Delivered duty unpaid

dead freight:

Delivering carrier:

Carrier that delivers the cargo arriving at the port of arrival to the consignee

Delivery service:

Demurrage:

The period when the charterer remains in possession of the vessel after the period normally allowed to load and unload cargo

DEP:

Departure

DES:

DEQ:

Dispatch money:

d.i.c.:

Ship’s capacity to accept load

d.i.o.:

delivery fee paid only at loading

d/p:

Documents against payment

Emergency rates:

Tariff applied by conference-member ships at the times of emergency

e.t.a.:

Estimated time of arrival

E.T.C.:

Ex ship:

Delivered from the ship

EXW:

Ex Works delivery

f.a.c.:

fast as can - utilizing all the means of the ship during loading and unloading, and performing the work as fast as possible

f.a.s.:

Free on aircraft

f.o.b.:

free on board

Force majeure:

common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties take place

f.o.t.:

free on truck (kamyonda teslim)

f.t.:

Full terms (indicates that all commissions and discounts in the freight market are included)

Gateway charges:

General cargo rates:

Goods:

Commodity

Handling:

Loading operations

I.C.C.:

Reference terms issued by the British Institute of Underwriters

Incoterms:

International commercial terms

In regular turn:

Performed in systematic turns

Landing charges:

L/C:

Letter of credit

Lines terms:

Regular terms applicable to the line

Livraison en cale:

When this clause is inserted in the contract, the consignee is required to deliver the goods on board, and all charges of unloading and risk is on his/her part.

L.S&D charges:

Landing.storage and delivery charges

L/T:

Long tonne (1016.047 kg)

Main port:

M/R:

Mate`s receipt (document signed by or on behalf of the second mate of the ship acknowledging  that load was taken into the ship, and that provisionally serves as a bill of lading)

n.o.p.

Not otherwise provided

Offload:

Open rates:

o.w.h.:

Ordinary working hours

pd:

Paid

p.m.:

post meridiem

p.o.d.:

Paid on delivery

Shipment:

Consignment

Subopen:

Subject to being open

Surcharge:

Extra freight provisionally claimed for reasons such as traffic jam at the airport etc.

Thru B/L:

Single bill of lading

Trace:

u.c.:

w/m:

Weight or measurement (calculating the freight based on weight or volume)