Panama Canal Charge (PCC) A Panama Canal Charge is the fee applied to shipments moving through the Panama Canal. In international trade, language can add complexities. The following terms can be encountered in times of chartering, booking cargoes, receiving shipping notes, etc. That leaves the four C terms as the best options to use with a letter of credit. < -- Back to international shipping terms . Common Shipping Terms and Abbreviations Copyright School of Shipping 2002 Page 2 Abbreviations A&CP :- Anchors and Chains Proved aa :- Always Afloat Incoterms 2020 defines 11 rules, the same number as defined by Incoterms 2010. An Overview of Incoterms® 2020 Shipping Terms and Shipping Abbreviations The International shipping and marine transport industry is full of unique shipping terms and shipping abbreviations. Liner terms Freight rates which include loading/unloading charges, generally with regular shipping lines. For additional assistance, please contact Procurement and Payment Services. A- Z of Shipping Terms. Back to top. A List of Shipping Terms in Alphabetical Order. The consignee is the person that’s paying for the freight service. Like every other industry, the shipping and freight business is awash with jargon. Incoterms 2020 is the ninth set of international contract terms published by the International Chamber of Commerce, with the first set having been published in 1936. Accessorial charges (also called assessorials) Any additional services required outside of the standard shipping procedure require additional fees from the carrier called accessorials. Cross Docking - The process of moving merchandise directly from the receiving dock to the shipping dock, eliminating the need to place the merchandise in storage. PRO Short for Progressive Number, the PRO is a unique identi˚er assigned to a shipment that tracks its movement from origin to destination. OTHER TERMS. Packing List. Here is our how-to guide to the most common trading terms in shipping. Free List - A list of goods that have been designated as free from import duties or import port licensing requirements in a given country . Every sale, every quote, and every international contract here goods are exchanged must have Incoterms. a - b - c - d - e - f - g - h - i - j - k - l - m - n - o - p - q - r - s - t - u - v - w - x - y - z @ - At (referring to price) A. Drop shipping is a retail fulfillment method in which a seller does not keep it's own goods in stock, but instead directly ships items to the end customers, by forwarding the orders and shipment details to the original manufacturer, another retailer, or a wholesaler inbetween with stock, who then ships the goods directly to the end customer. no responsibility is taken for the correctness of this information. On this page you can find a very detailed, hand-made list of chartering abbreviations and shipping terms, as well as their meanings and definitions in an alphabetical order. MSC is a world leader in global container shipping, dedicated to providing efficient transport solutions. Ignoring the shipping terms only invites confusion at best and legal trouble at worst. Individual departments may agree to alternate shipping terms with vendors if necessary, but it is not possible to reflect alternate terms on a purchase order. Below are some of the most common freight-shipping terms and abbreviations, along with descriptions of how each one fits into the larger context of the freight shipping industry. Shipper. It helps to tally the items at different stages of the shipment and also helps to automatically calculate the total weight. F terms require trust because if the buyer cancels the international transit, the supplier won’t have a bill of lading to present to the bank. If the bill is prepaid, the shipper pays the shipping charges. A glossary of common freight shipping and cargo transportation terms, including lingo used in the 3PL brokerage and trucking industry. Free Of Capture And Seizure (F.C. Air Brake The air brake system on tractors is operated by air and consists of air lines, valves, tanks, and an air compressor. Shipping Terms Glossary. Only what are essential in the context of Ethiopian business is put here. We try not to use it when talking to you, but sometimes we slip up! First sub-section Description Second sub-section Incoterm-Code Location to be entered EXW ex works location of the factory FCA free carrier agreed location CPT carriage paid to agreed place of destination CIP carriage and insurance paid AMS Automated Manifest System. Incoterms specifies who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities. & S.) - An insurance clause providing that loss is not insured if due to capture, seizure, confiscation and like actions, whether legal or not, or from such acts as piracy, civil war, rebellion and civil strife. Process, Trading terms. Incoterms, a widely-used terms of sale, are a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers. If you aren’t familiar with the transportation industry, acronyms and industry jargon might make it difficult to find the services you need. The document describes the shipment, its weight, the amount of charges and taxes and whether the bill is collect or prepaid. Shipping document YRC Freight prepares to confirm shipment delivery and indicate payment terms (prepaid or collect). List Shipping Terms now is available at LightInThebox.com, buy now with and get a great discount, choose our fast delivery option and you will receive it in 7 … Here’s an explanation of what each term means. An application that expedites the clearance of … Therefore, shipping terms are NOT optional. Ship Owners & Shipping; Other Categories; Yachts & Boats; World News; Profiles. List of Terms of delivery. The Shipping packing list template is a unique template that can be used when shipping goods. The consignee is typically the buyer of the goods being delivered. A common accessorial surcharge. Even when they are not stipulated or mentioned, both parties have expectations about the shipping. D terms require trust because the seller is bearing all of the transport costs. And these are used every day to describe everything from modes of transport, units of measure, pricing structures, IncoTerms and much more. Shipping Terms on Purchase Orders. Common Shipping Terms Abbreviation for International Trade Shipment Terms and Conditions: We have to face so many shipping terms and abbreviations during shipping or shipment (LCL sea shipment or air shipment) the products to the foreign buyers.In some cases, these terms are known and in most of the cases, it’s unknown to us. Glossary Of International Shipping Terms A8A Manifest A form issued by a licensed Custom’s Broker which allows CCRA to monitor in bond shipments as they move through Canada. The shipper is responsible for coordinating the outbound logistics of the freight. Media Partners; Companies Profiles; Google Search; Press Releases; Last in Directory; Terms Dictionary. Shipping Terms Approved Vendor List (AVL) Approved Vendors List (AVL), also known as Approved Supplier List (ASL) in some circles, is a list of the suppliers approved for doing business. N . Transport expenses are thus the responsibility of the exporter. Shipping trading terms. Common shipping terms you need to know. It can also serve as a bill of lading and is also used to give the details of the shipment. For a comprehensive list of shipping terms, provided by the U.S. Maritime Administration (MARAD) click here. This is a partial glossary of nautical terms; some remain current, while many date from the 17th to 19th centuries.See also Wiktionary's nautical terms, Category:Nautical terms, and Nautical metaphors in English.See the Further reading section for additional words and references. List of Incoterms (international commercial terms) - CFR – Cost and Freight - the exporter must deliver the goods at the port of destination selected by the importer. shipping process. Freight/Shipping Terms are unable to be modified on a purchase order. Cubic Foot - 1 Cubic Foot = 1728 Cubic Inches. < -- Back to international shipping terms . I have tried to add almost all important shipping terms and abbreviations that are frequently used in charter party contracts. 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