2020-07-20
Main trade terms:
(1) FCA (Free Carrier) delivery to the carrier
(2) FAS (Free Alongside Ship) at the port of shipment
(3) FOB (Free on Board) delivery on board at the port of shipment
(4) CFR (Cost and Freight) cost plus freight
(5) CIF (Cost, Insurance and Freight) cost, insurance and freight
(6) CPT (Carriage Paid To) freight paid to the destination
(7) CIP (Carriage and Insurance Paid To) freight and insurance paid to the destination
(8) DAF (Delivered At Frontier)
(9)DES (Delivered Ex Ship) at the port of destination
(10) DEQ (Delivered Ex Quay) Delivered at the port of destination
(11) DDU (Delivered Duty Unpaid)
(12) DDP (Delivered Duty Paid) delivered after duty paid
Abbreviations of main shipping terms:
(1) ORC (Origen Recevie Charges) local receipt fee (collected by Guangdong Province)
(2) THC (Terminal Handling Charges) terminal operation fee (charged in Hong Kong)
(3) BAF (Bunker Adjustment Factor) fuel surcharge
(4) CAF (Currency Adjustment Factor) currency devaluation surcharge
(5) YAS (Yard Surcharges) terminal surcharge
(6) EPS (Equipment Position Surcharges) equipment position surcharges
(7) DDC (Destination Delivery Charges) destination port delivery fee
(8)PSS (Peak Season Sucharges) peak season surcharge
(9) PCS (Port Congestion Surcharge) Port Congestion Surcharge
(10) DOC (DOcument charges) file fee
(11) O/F (Ocean Freight) sea freight
(12) B/L (Bill of Lading) ocean bill of lading
(13) MB/L (Master Bill of Lading)
(14)MTD (Multimodal Transport Document) Multimodal Transport Document
(15) L/C (Letter of Credit)
(16) C/O (Certificate of Origin) Certificate of Origin
(17) S/C (Sales Confirmation) Sales Contract (Sales Contract)
(18) S/O (Shipping Order) loading instructions
(19)W/T (Weight Ton) weight tons (that is, goods are charged by weight)
(20)M/T (Measurement Ton) size tons (that is, goods are charged by size)
(21) W/M (Weight or Measurement ton) is to charge higher in weight ton or size ton
(22) CY (Container Yard) container (container) yard
(23)FCL (Full Container Load)
(24) LCL (Less than Container Load) LCL (bulk cargo)
(25) CFS (Container Freight Station) container freight station
(26)TEU (Twenty-feet Equivalent Units) 20 feet conversion unit (used to calculate the amount of container)
(27) A/W (All Water) all waterway (mainly refers to the transportation method of goods transferred from the west coast of the United States to the east coast or inland points)
(28)MLB (Mini Land Bridge) Mini Land Bridge (mainly refers to the mode of transportation of goods transferred from the west coast of the United States to the east coast or inland points)
(29) NVOCC (Non-Vessel Operating Common Carrier)
