AFFREIGHTMENT. AFSPS. FAK stands for Freight of all Kinds. © 2020 C.H. GVWR includes everything from the vehicle's chassis, body, engine, fluids, accessories, driver, passengers and cargo but does not include the weight of trailers. Preparing to Reopen Your Small Business? Freight or Carriage Paid to Including insurance quotes “Freight or Carriage Paid to ‘but the seller also pays the insurance. These just a sampling of the hundreds of commonly used acronyms in the transportation industry. america. Here’s How to Start Shipping Again. Freight Tariff – Schedule, published by a liner conference or shipping line, containing freight rates for a variety of commodities likely to he carried by the lines. Air Freight Concept #3: Air Freight Pricing Models. EDI allows Freightquote by C.H. CFS - Container Freight Station Container freight handling depot CNOR/CNEE - Consignor/Consignee Seller / Buyer, Sender/Recevier CY - Container Yard Refering to the shipping lines container storage yards, they are likely to be inland ports ETD/ETA - Estimated time of Departure / Estimated Time of Arrival IATA - International Air transport Association A BOL is the mandatory and legally binding paperwork providing the driver and the trucking company with all the details they need to process the shipment. This is the total weight of the transport and its cargo. We have everything you need to know about freight class. If you’re interested in partnering with Freightquote for your next shipment, start a quote today. Always Afloat. SMBs should always ensure their BOL is as accurate as possible, as it is the most crucial piece of documentation in the freight shipping process. The shipper is responsible for coordinating the outbound logistics of the freight. Amsterdam-Antwerp-Rotterdam Area. FAK – Freight All Kinds – freight charged on the basis of the container irrespective of the type of cargo loaded in the container FCL – Full Container Load – denotes the container has cargo that is … 1 in New Zealand, NVOCC â Non-Vessel Operating Common CarrierÃ, Acts like a shipping line but doesnât own itâs own vessels, POL/POD â Port of Loading / Port of Discharge, Compliance costs associated with USA border security laws and procedures, Fuel charges on road units or on airfreight, Used by shipping lines to label general increase in ocean freight rates on particular trade routes, ISPS â International Ship & Port Facility Security, To cover security handling at the origin and destination ports/depots, Applied by Australian Customs to the computer system that coordinates and controls the reporting and delivery of import sea-cargo in Australia, 20FT, 20â², TEU â Standard 20 foot shipping container, 40FT, 20â², FEU â Standard 40 foot shipping container, For further information on shipping containers, A large shipment, usually too big for a shipping container, that can be loaded directly onto a ship, Goods that could be harmfully to people and the enviroment and may require special handling, Full container load with a combination of freight from different shippers, For higher volume shipments at least over 20 cubic metres total, For smaller sea freight shipments that do not require a full container. Freight All Kinds: FAS: Free Alongside Ship: FB/L: FIATA Combined Transport Bill of Lading: FCL: Full Container Load: FCR: Forwarder's Cargo Receipt: FEU: Forty Feet Equivalent Unit: F.I. 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. Meaning. Shipping and Forwarding Agent. armed forces. If you find yourself frequently lost in acronym land, you must work in the transportation industry. Shipping found in Freight abbreviations. Maritime Acronyms lists acronyms and abbreviations used in maritime, chartering, shipping, freight and logistics industry. Freight Ton – Unit of cargo on which a freight rate is based, generally one ton or one cubic meter whichever is greater. Enterprise Transportation Management System (eTMS), National Motor Freight Traffic Association (NMFTA), https://www.istockphoto.com/portfolio/i_frontier, Small Business Saturday: How Freightquote Stands for Small Businesses, Why Accurately Entering Freight Characteristics is Important, Freight Packaging Tips for Stress-Free Small Business Shipping, How a Freight Service Provider Can Add Expertise to Your SMB, LTL Market Update, Summer 2020: What it Means for Your Small Business, Tips on Small Business Freight Shipping for Back to School. HeightÃâWidthÃâLength to work out the cubic metre of a shipment, A billing unit used in the international freight industry.Ã, Billing will be based on whichever is greater based on the converstion factor, AWB / HAWB â Air Waybill / House Air Waybill, A waybill is a document issued by a carrier or forwarder giving details and instructions relating to the shipmentÃ, A document issued by the carrier to the shipper as a contract of carriage, it must be presented at destination in order for the goods to be released it is a document of title for the goods. Air freight is priced a little different than other shipping options. GVW is more frequently used when discussing GVWR, or Gross Vehicle Weight Rating. FAK stands for Freight of all Kinds. This number gives can be complicated to determine for many shippers, but it’s best to get it right the first time to avoid an adjustment. Flatbed – Equipment used in truckload shipping to transport large items or machinery.Freight Forwarder – Logistics company that acts as an intermediary between the shipper and the carrier.Freight of All Kinds (FAK) – A rate agreement between shipper/broker and the carrier. It will confirm how the goods can travel and if they can be loaded with other Dangerous GoodsÃ, A document filled in by the shipper providing all the details related to the shipment â Shipper and Consignee, dimensions and weight, description of the goods and shipping terms, ATD/ATA â Actual Time of Departure / Actual Time of Arrival, Has site approval and an accredited MAF person to received and inspect import containersÃ, AQIS â Australian Quaratine Inspection Serive, Refering to the shipping lines container storage yards, they are likely to be inland portsÃ, ETD/ETA â Estimated time of Departure / Estimated Time of Arrival, IATA â International Air transport AssociationÃ, An international organisation of airlines that regulate conditions of operation, safety, schedules and pricing for international air transport â We are ranked No. System whereby freight is charged per container, irrespective of nature of Arrival First Sea Pilot Station (Norway) The hiring of a ship in whole or part. FAK, NMFC, BOL, EDI, FOB, huh? Your air freight cost is calculated based on your shipment’s actual weight or its volumetric weight, whichever is greater. The acronym BOL stands for Bill of Lading. Customer Testimonial: Freightquote + MSI Packaging Inc. Three ways to reduce shipping costs and better manage your business. This guide lists all the common freight charges and where is applied. Abbr. EDI stands for Electronic Data Interchange. FHEX D2D (Door to Door): In door-to-door shipping, cargo is shipped from the indicated pick-up location at origin (eg. FPSO To help refresh your memory (or for those just entering the space, get you up to speed), we’ve put together a quick overview of some of the more common acronyms, what they stand for and their definition. (Muslim Countries) FHINC: Friday Holidays INCluded. GVW stands for Gross Vehicle Weight. Unless in North America, do not mistake this for delivery instructions or a document of title for the goods. A document which orders the release of freight to another party. Quick Terms & Abbreviations - Freight Forwarding, International Shipping & Transport, Import & Export Quick Terms & Abbreviations Ad Valorem - (“at value”) – an ad valorem freight rate is one where the freight is based on the value of the goods. airway. When used with an identified physical location, the designation determines which party has responsibility for the payment of the freight charges and at what point title for the shipment passes from the seller to the buyer. ST. Free In: … If there is an error on your BOL, you could end up with added charges, delays and other inconveniences. (Muslim Countries) FiFI: Fire Fighting: FIO: Free In and Out: FIOST: Free In and Out Stowed and … The Most Important Freight Shipping Acronyms 1. For our the full list of transportation terminology, visit our Freight Dictionary. You can learn more about Incoterms by … Freight can be booked on a variety of shipping providers, including ships, airplanes, trucks, and railroads. Definite Glossary of freight charges and abbreviations. Minimum shipment size is 1 cubic metre (CBM/MÂ³) to 1 tonne, Goods travelling by airfreight on its own and not in a consolidation with other freight, Term used by carriers when shipping containers are lifed off the vessel (import) or forwarders truck (export) onto the forwarders truck (import) or vessel (export), When your shipment over hangs the dimensions of a shipping container, When a shipment can either be driven or towed on and off a vessel, Shipping container owned by the shipper rather than the shippng line, Spealised containers or pallet bases used in cargo aircraft, HeightÃWidthÃLength to work out the cubic metre of a shipment, This is used as proof that the goods have been delivered to the consignee fully and undamaged. All Chartering Abbreviations Terms & Definitions: ... Base Rate Basic rate of freight of a shipping line or liner conference onto which are added, or on which are calculated, the various surcharges such as the currency adjustment factor or bunker surcharge. Edition: 1.1 December 1997 Commercial Shipping Common abbreviations used in chartering and freight handling The following is a list of abbreviations, initialisms, and acronyms that you may come across during the Commercial Shipping course. It is a classification society, with a mission to promote the security of life, property and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities. Finddivers.com; Shipyards.gr; Shipsafety.gr; Marinesoft.gr; Our Services; Technical Library; RSS; Login Shipping and Forwarding Agents Association of Zimbabwe. Freight terminology can be confusing many of the phares we used have developed in different parts of the world at different times - you may even find the same active or document has different names just depending on whether the freight moves by road or air! Robinson to notify carriers of pickup requests, as well as receive invoice and tracking information. FAK = Freight of All Kinds. The consignee is the person that’s paying for the freight service. Let’s start with very basic terms: FCL: Full container load Want more? NMFC codes are a must know for shippers, as a shipment’s freight class determines shipping charges. Seven steps you can use to improve the shipper-carrier relationship and ultimately benefit your business. Image Credit: https://www.istockphoto.com/portfolio/i_frontier. Why? At the most basic level, EDI is defined as the business-to-business interconnection of computers for the rapid exchange of documents. F&D :- Freight and demurrage FA :- Free alongside FAA :- Free of all average f.a.c:- Fast as can f.a.c.c.o.p :- As fast as ship can load/discharge according to custom of port - chartering F.Ahd :- Full ahead - shipping FAK :- Freight All Kinds. 20+ Shipping acronyms and abbreviations related to Freight: Any category. It’s a designation used to indicate when liability and ownership of goods is transferred from a seller to a buyer. It is not unusual for a single shipment to move on multiple carrier types. seller’s warehouse) to the indicated drop-off location (eg. Always Accessible Always Afloat. Freight Demurrage Deadfreight: F.DESP (FD) Free DESPatch: F.DIS: Free DIScharge: FDEDANRSAOCLONL: Freight Deemed Earned Discountless & Non-Refundable Ship and Or Cargo Lost Or Not Lost: FHEX: Friday Holidays EXcluded. In the freight shipping industry, this applies to things like bills of lading, invoices and tracking information. Used by shipping lines to label general increase in ocean freight rates on particular trade routes ISPS – International Ship & Port Facility Security To cover security handling at the origin and destination ports/depots SCA – Sea Cargo Automation Fee Our Websites. Expert freight shipping tips and fast, easy tools to help you ship freight. Maybe you were looking for one of these abbreviations: FREEZE - FREF - FREI - FREIDA - FREIG - FREJ - FRELICAN - FRELIMO - FReM … This is a document issued by a bank to another bank to serve as guarantee for payments made to a specified person under specified conditionsÃ, Provides procedures for handling Dangerous Goods (DG) in a safe manner. BIFA (British International Freight Association) The Bill of Lading essentially acts as an invoicing receipt in the shipping world. GVWR is the maximum operating weight of a vehicle as specified by the manufacturer. Shipping Freight Terms List. It provides information including shipping address, packaging type, freight class, description of goods and more. Shipping and Transport. Abbreviations they use include EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage and Insurance Paid To), and more. There are 18 freight classes ranging from class 50 (the least expensive) to class 500 (the most expensive.) It simply means a pooling of different products into one load for simplification of rating and pricing. For smaller sea freight shipments that do not require a full container. Box 364 CH-8152 Glattbrugg ... Part 1 - Terms and Abbreviations - 3 - 2H second half 3PL third party logistics provider ... FIS freight, insurance and shipping charges FIT free in trimmed buyer’s warehouse) at destination. The POD is signed by the driver when the goods are picked up from the depot and then signed by the consignee when the goods are delivered, ETD/ETA â Estimated Time of Departure / Estimated Time of Arrival, For higher volume shipments that can fit the capacit of a truck. 1. The American Bureau of Shipping (ABS), first chartered in the State of New York in 1862 to certify ship captains. Actual weight: The gross weight of your shipment in pounds. Correct terminology and abbreviations also play a fundamental role within this complex industry. NMFC (National Motor Freight Classification) NMFC is a very common acronym that stands for National Motor Freight Classification. Let’s take a look at this transportation terminology breakdown for the 6 freight shipping acronyms you should know. Robinson Worldwide, Inc. All Rights Reserved. aircraft. Shipping acronyms and abbreviations in Freight. Abbreviations are as follows: AQ Any Quantity; COD Collect on Delivery; CWT Per Hundred Pounds; FAK Freight, All Kinds; HGB Household Goods Carriers Bureau Agent; ICC Interstate Commerce Commission or its successors; LTL Less Than Truckload; M Thousand pounds; MC Minimum charge; NMF National Motor Freight Traffic Association, Inc., Agent And while we all throw around these letters freely, their actual meaning often gets lost in the juggling. Referred to in North America as a document that orders the release of freight to another party. Speaking the same “shipping” language can help avoid misunderstandings, which most of the time lead to errors and negatively affects service performance and revenue. S&FA. Address Commission. NO 1.Nigeria premier Shipbrokers House.Your One-Stop Shipbroking Shop Solution in Nigeria and abroad. BAF (Bunker Adjustment Factor) The Bunker Adjustment Factor, or BAF, as it is more commonly known, is one of the charges levied on goods transported via Sea Freight. SFAAZ. Freight Demurrage Deadfreight: FDESP: Free Despatch: FDEDANRSAOCLONL: Freight Deemed Earned, Discountless And Non-Returnable (Refundable) Ship And Or Cargo Lost Or Not Lost: FENDER: A cushion, placed between ships, or between a ship and a pier, to prevent damage: FEU: Standard 40″ Container, forty-foot equivalent unit, a standard size intermodal container. It simply means a pooling of different products into one load for simplification of rating and pricing. FCL (Full Container Load): A container shipment that utilizes an entire container. Shipping Terminology are quite confusing thing take a troll at what we are experiencing, it offers a wide variety of terms that relate to the process of moving goods through a complex supply chain can seem overwhelming, get the different types of shipment and related terms is crucial to ensure your goods get shipped on-time, within compliance, and in good shape. We've put together a list of some of the most commonly confusing terms here to help you out. AMD International Shipping Ltd.acts as Chartering Brokers and Shipping Agency to many well known International Clients with particular focus on bulk and breakbulk dry cargoes.freight forwarder is an important part of the organization with highly specialized offering project cargo management service and offering all different Freight services from any origin to any destination in the Glob. This is a helpful acronym for small and medium sized businesses (SMBs) to stay aware of, as it will be the bulk of what is being dealt with. In North America a delivery order IS a delivery instruction. army. Because with all of the different terms used in the transportation and shipping industries, acronyms are a must! Couldn't find the full form or full meaning of Freight (shipping terms)? We solved for our customer’s specific needs by combining the power of our technology with the expertise of our people. Let’s take a look at this transportation terminology breakdown for the 6 freight shipping acronyms you should know. 'International freight forwarders" typically handle international shipments. Shipper. FOB stands for Free on Board. Freight tariffs: List of freight a shipping line charges for different kinds of goods at different distances. This particular charge represents the fluctuating costs to the shipping, as an example varying global oil prices. About. space. Freight Forwarders Associations Schaffhauserstrasse 104 P.O. NMFC stands for National Motor Freight Classification and it’s the category of your freight as defined by the National Motor Freight Traffic Association (NMFTA). Learn everything you need to know about FAKs.Freight Collect – See Cash on Delivery.
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