Sn term: full form: description: 1 3pl: 3rd party logistics: a third party, who takes care of the logistics value chain 2 baf: bunker adjustment factor: a kind. Incoterms® is a registered trademark of the international chamber of commerce this freight cost, insurance & freight services who pays export packing seller. Understanding freight terms in the university of maine system peoplesoft financials system a guide for the roles of requisitioner, accounts payable, vendor create. Trucking news nearly 90% of professional drivers have their own smartphone or tablet more headlines. Understand the definitions of the most common freight shipping terms in the industry learn more. 1 glossary of shipping terms may 2008 maritime administration 1200 new jersey avenue, se washington, dc 20590.
12 pin - chassis with 12 locking points act of god - an act occasioned by violence of nature which no reasonable human foresight, care, or diligence can anticipate. International shipping definitions versus urban dictionary definitions of terms bol, fob, hub-and-spoke, dead-head, intermodal, chassis, and container. Define freight: the compensation paid for the transportation of goods cost goods to be shipped : cargo — freight in a sentence. Fca-free carrier-(named place) free carrier means that the seller fulfils his obligation to deliver when he has handed over the goods, cleared for export, into the. Glossary of port and shipping terms concession the ownership of the concession area (port land) remains with the government or port authority during the entire. What does fob mean in freight by fraser sherman updated march 15, 2018 related articles 1 what does the term fob cash mean in shipping terms.
Freight glossary average annual daily truck traffic (aadtt) - the total volume of truck traffic on a highway segment for one year, divided. Fob definition | shipping terms of sale fob, free on board, is a transportation term that indicates that the price for goods includes delivery at the seller’s. Incoterms-shipping terms world class shipping-international freight forwarder twitter this term represents minimum obligation for the seller.
The ultimate, trusty source for everything you need to know about international freight. Costs for unloading the goods and any duties, taxes, etc are for the buyer a commonly used term in shipping bulk commodities, such as coal, grain.
Shipping terms list thursday, march 22 home trade library trade units and terms library glossary glossary of trade & shipping terms - a. Like many industries, logistics has a number of terms with specialized meanings to help our customers and website visitors, we've compiled this handy list click on. Freight glossary: glossary of commonly used freight shipping language.
Freight definitions & terms fob destination is the university standard, since it provides the most protection to the department/school and the university. If you want to know more about incoterms, this post explains popular definitions around international commerce as it relates to shipping. Shipping terms chartering expressed as a percentage added or subtracted from the freight amount reflecting the movement in the market place price for bunkers. International shipping from the usa: glossary of shipping terms get instant ocean freight price quote online in our website 24/7. The verbiage in shipping and logistics is incredibly complex which is why we have a list of common terms and their definitions for your benefit. Glossary of international shipping terms a8a manifest a form issued by a licensed custom’s broker which allows ccra to monitor in bond shipments.