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Abbreviation. Full Name. Descriptin. FOB. Free on Board. The Seller delivers the goods to the buyer on board the vessel nominated by the buyer, cleared for export, at the named wharf/seaport of shipment. From that point, the Buyer bears all costs and risks of loss or damage. CIF. Cost, Insurance and Freight.
Admiralty law (also referred to as maritime law) is a distinct body of law which governs maritime questions and offences. It is a body of both domestic law governing maritime activities, and private international law governing the relationships between private entities which operate vessels on the oceans.
- 20 Shipping Acronyms All Shippers Should Know
- IMO (International Maritime Organization)
- Eld (Electronic Logging Device) Mandate
- Solas (Safety of Life at Sea)
- VGM (Verified Gross Mass)
- P2P (Port to Port)
- D2D (Door to Door)
- FCL (Full Container Load)
- Lcl (Less Than Container Load)
- LTL (Less Than Trucking Load)
From IMO 2020 and ELD to GRI and EEI, one way or another, you’ve probably heard it all. You may be able to put them into context but… just how well do you understand these shipping acronyms? What’s the difference between HS and HTS codes? Is a 20-foot containerthe same as a TEU? And just how are SOLAS and VGM related? Be it with providers, freight ...
Under IMO 2020regulations, starting 1 Jan 2020, the sulfur content in marine fuels will be capped at 0.5%, down from the current 3.5%.
The ELD mandateis US regulation requiring drivers of commercial motor vehicles to log their hours of service electronically.
An international maritime treaty that sets basic measures for the safe construction, equipment, and operation of merchant vessels.
The total gross weight of a shipping container (including dunnage, bracing, and tare). Under SOLAS, shippers are required to declare the VGM of their shipping containers.
In port-to-port shipping, cargo is shipped from the port of origin to the port of destination. This excludes transportation services before and after loading.
In door-to-door shipping, cargo is shipped from the indicated pick-up location at origin (eg. seller’s warehouse) to the indicated drop-off location (eg. buyer’s warehouse) at destination.
A container shipment that utilizes an entire container. Merchandise shipped under FCLdoes not share container space with other merchandise.
Also known as groupage or a shared container, LCL shipments are shipped alongside other cargo in one single shipping container.
Similar to LCL but for land transportation. Various LTL cargoes are grouped and transported together to lower transportation costs.
Importing and Exporting. f common Canadian shipping acronymsThe following list will assist you in understanding the meanin. – Advance Commercial InformationA requirement under CBSA’s e-Manifest program for all carriers to provide shipment data to CBSA prior. l Release Operating Support SystemA system developed by Canada Customs that allows ...
Understanding common shipping terms is crucial for ecommerce businesses to navigate the logistics landscape effectively. This article covers a comprehensive overview of the most essential shipping vocabulary, including incoterms , freight forwarding , air freight , ocean shipping, parcel delivery, customs , and 3PL services.
Mar 1, 2024 · Download Shipping Glossary Chart PDF. We’ve put together this shipping glossary chart to help you navigate the international shipping. Certainly, you must understand them to be successful in shipping and global trade. Also, note that you can enter your freight terms and shipping abbreviations in the search bar at the top.
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Oct 2, 2023 · A bilateral free trade agreement between the United States and Australia that implements a wide variety of trade policies designed to mutually benefit both countries. Modeled off of the North American Free Trade Agreement (NAFTA), the AUSFTA came into effect on Jan. 1, 2005.
