A Dictionary of Sea Terms
B/L (Bill of Lading, waybill) –consignment - is a sea waybill for cargo transportation, document issued by carrier of a cargo to cargo owner. It certifies the property right to the shipped goods. It can be made: to a bearer, to an addressee name (nominal), by order of a sender or by an addressee (order);
BAS (Base Rate) - base rate;
BFR - sea freight;
Bonded warehouse – a warehouse under the customs control, in which goods are stored until customs duty and taxes are paid, or the goods are cleared for export.
Booking note –application for transportation - is used to reserve a place and container, the information specified in the application is not the basis for filling the bill of lading, after the application is submitted, the applicant assumes the responsibility to provide the goods by the specified date.
Booking - booking of all or a part tonnage of a vessel (place on a vessel) for cargo transportation;
CBM - cubic meter (naturally in the metric system).
CFS - a consolidation warehouse
1. A warehouse, in which consolidation and loading/unloading to/from sea containers is carried out.
2. The transportation condition during departure/arrival means that a forwarding agent takes up duties for the organisation of transportation from/to CFS; transportation cost includes services in sending from/to CFS (freight, loading/unloading from a vessel, placing on CFS).
Consignee – a recipient of cargo;
Demurrage – sanctions applicable for shipments wherein customers have exceeded the standard free time from the moment of its unloading on the terminal till the moment of its departure from the terminal. For ships - the fee for a simple vessel in excess of the agreed time for performing loading and unloading operations – laytime.
DOOR - delivery from/to a door - a transportation condition at the departure/arrival, meaning that transportation cost includes services at departure from/to entrance doors/warehouses of a sender/addressee;
DROP-OFF CHARGE- fee for the return of the container belonging to a carrier, to a place distinct from the destination specified in the consignment of a carrier.
FCL– Full container loading by one sender to one recipient address.
FEU- equivalent to a volume of a 40 - feet container.
FCL (Full Container Loading)- a container filled with cargo of one addressee;
Freight- charge for cargo transportation;
Gross Weight - weight of the goods together with inner packaging (inseparable from the goods before consumption) and external packaging - containers (boxes, bags, barrels, etc.)
HC (High Cube) - container type. Container (a high cube container) of higher capacity due to increased height compared to a standard container;
LCL (Less Container Loading) - a container filled with cargo for different addressees, grouped goods;
LI - Door (Liner in / Door) - loading in a port at the expense of a line, delivery to "the door" of a client;
Loading - loading;
Manifest - the document containing a list of bills of lading and submitted to customs and also to agents and stevedores in ports of destination. It usually includes the following data data: the vessel name, the port of loading, numbers of bills of lading name, weight, volume and quantity of cargo for each, names of consignors and consignees and cargo marks;
MT - Metric Tonne = 1000 kg.
Notify party - the party, which a carrier should notify about cargo arrival. Usually a forwarding agent or another representative of an addressee in a port;
Order bill of lading (Order consignment) – consignment by which cargo is transferred either to "the order" of a consignor or to "the order" of a consignee, or to "the order" of a bank, or due to a transfer inscription of the one whose "order" he has drawn up. If in the order consignment it is not specified that it is made to "the order" of an addressee it is considered to be made to "the order" of a sender. A consignment and accordingly the right to cargo are transferred to another person by means of a transfer inscription – an endorsement;
POD (Port of Delivery)– port of destination;
POL (Port of Loading)- port of loading;
Quality Certificate - a document proofing the conformity of the goods with quality indicators, technical characteristics, safety requirements for life and health of people and the natural environment, stipulated by the terms of the contract;
Sea (Sea freight), O/F (Ocean freight) - sea freight;
Certificate of Origin - a certificate approving that the given imported goods are made in the given place;
Shipper – a freight forwarder, consignor;
Shipping request – the instructions for shipment are the basis for the bill of lading filling.
Stuffing - container loading.
TEU (Twenty Foot Equivalent Unit) - the unit of measurement of goods equal to the volume of the 1 x 20 - foot container. The 1 x 40 - foot container = 2 TEU;
THC (Terminal Handling Charges) - expenses for overloading in a port;