| BILL OF
LADING |
|
A document, issued by
a carrier to a shipper, that serves a threefold purpose:
- A receipt for the goods delivered
to the carrier for shipment
- A definition of the contract of
carriage of the goods from the port of shipment;
- Evidence of title to the relative
goods.
|
| |
| C
& F |
| Quoted price includes
cost of goods and freight |
| |
| CFS
(container freight station) |
| At discharge ports,
the term CFS means the bonded location designated by carriers
in the port area for unpacking and delivery of cargo. |
| |
| CY
(Container yard) |
| the term CY means the
location designated by carrier in the port terminal area for
receiving, assembling, holding, storing and delivering containers,
and where containers may be picked up by shippers or redelivered
by consignees. |
| |
| C
& I |
| Quoted price includes
cost of goods and insurance. |
| |
| C.I.F. |
| Quoted price includes
cost of goods, insurance and freight. |
| |
| Demurrage
|
| a penalty for exceeding
free time allowed for loading or unloading at a pier or freight
terminal. Also a charge for undue detention of transportation
equipment or carriers in port while loading or unloading. |
| |
| F.C.L.
|
| Full container load,
full car load |
|
| F.O.B.
(free on board) |
| quoted price includes
the cost of loading goods into transport vessels at the specified
place. |
| |
| FREE
TIME |
| The period of time allowed
for the removal or accumulation of cargo before charges become
applicable. |
| |
| GENERAL
ORDER |
| Government contract
warehouse for the storage of cargoes left unclaimed for ten
working days after availability. Unclaimed cargoes are auctioned
publicly after one year. |
|
| IN-BOND |
| A customs program for
inland ports that allow cargo to be moved from first port
of entry to and inland customs port where the cargo is arrived
and entry documents can be filled for customs clearance. |
|
| INTERMODAL |
| Referring to the capacity
to go from ship to train to truck, or the like, the adjective
generally refers to Containerized shipping or the capacity
to handle same. |
| |
| LTL
|
| Less than a truckload. |
| |
| WEIGHT,
LEGAL |
| Net weight of goods,
plus inside packing. |