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Logistics Glossary: Service Edition

Logistics Glossary: Service Edition

Master these essential logistics terms to communicate like a pro in international trade.

Core Shipping Modes
FCLFull Container Load (Single Recipient)
LCLLess than Container Load (Shared Space)
ConsolidationGrouping multiple shipments into one
Operations & Locations
Stuffing / VanningLoading cargo into a container
Unstuffing / UnvanningUnloading cargo from a container
CFSContainer Freight Station (Hub)
CYContainer Yard (Storage area)
DoorShipper’s Factory or Warehouse
Scope of Services
A/FAir Freight Services
CY to CYPort-to-Port Service
Door to DoorEnd-to-End Direct Delivery

Ocean Freight Document Glossary

Mastering the B/L terminology is vital for secure international trade.

B/L Bill of Lading Evidence of contract and title of goods.
MB/L Master Bill of Lading Issued by the shipping line (Carrier).
HB/L House Bill of Lading Issued by a freight forwarder (NVOCC).
SWB Sea Way Bill Non-negotiable, used for fast release.
Order B/L Order Bill of Lading Negotiable document via endorsement.
Clean B/L Clean Bill of Lading No damage or shortage noted on cargo.
Switch B/L Switch Bill of Lading Used in triangle trade to protect identity.
Anti-Dated Anti-dated B/L Dated before actual loading. (High Risk)

 

B/L Terminology Guide

SHPRShipper
CNEEConsignee
NTFYNotify Party
POLPort of Loading
PODPort of Discharge
O/BOn Board Date
B/DBack Date
GWTGross Weight

 

Container Encyclopedia

TEU20ft Equivalent Unit
FEU40ft Equivalent Unit
GP / DCGeneral Purpose / Dry Container
HQ / HC40ft High Cube Container
RF / RHReefer / High Cube Reefer
FRFlat Rack Container
OTOpen Top Container
SOC / COCShipper / Carrier Owned Container


 

Trade Terms Encyclopedia

CIF / CNF

Cost, Insurance & Freight involved in transit.

EXW

Buyer takes all costs from factory door.

FOB

Seller delivers to ship; buyer handles the rest.

DDP / DDU

Delivered to destination (Tax Paid/Unpaid).

Payment Methods

L/C: Letter of Credit (Bank Guaranteed)

T/T: Telex Transfer (Wire Transfer)

Essential Certs

C/O: Certificate of Origin

E.L.: Export License


 

 

Payment & Surcharge Glossary

Billing Transparency
Security & Filing
AMS / ACI / ENSAdvanced Manifest Filing
ISPS / ISFPort Security & Importer Filing
Surcharges & Adjustments
BAF / FAFBunker/Fuel Adjustment Factor
CAF / YASCurrency/Yen Adjustment Factor
GRI / PSSGeneral Rate Increase / Peak Season
Accounting & Operations
D/N & C/NDebit Note & Credit Note
THC / ORCTerminal Handling / Origin Receiving
R/TRevenue Tons (Billing Weight)

 

 

How to Start Shipping?

Ms. Yong

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Wendy

LOGISTICS SPECIALIST

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07 Jun 2024

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