L/C Letter of Credit. Payment method.
B/L Bill of Loading; a document issued by a carrier which details a shipment of merchandise and gives title of that shipment to a specified party.
EXPRESS RELEASE Issue of bill of lading (B / L), not original.
SURRENDER B/L Issue of an original bill of lading (B / L) and validated as an express release (the copy can be used instead of the original).
SEAWAYBILL Issue of bill of lading (B / L), not original.
SHIPPER The exporter or the shipper.
CONSIGNEE The importer or receiver of the goods.
NOTIFY Who is notified upon arrival.
ETD Expected To Departure – Expected departure date.
ETA Expected To Arrive – Expeced arrival date.
TT, TRANSIT TIME Time it takes from departure port to destination port by boat.
THC Terminal handling charge Container loading or unloading at the port.
LCL Less Container Load Part load a container (groupage).
FCL Full Container Load Full container.
MOTHER VESSEL Ocean boat.
FEEDER Small boat that transports the goods to the main port and connects with the ocean ship.
REEFER Container with electrical connection to maintain the goods at a given temperature.
DV Dry van Dry cargo (dry goods).
GRI General Increase Rate General increase in freight rates.
CAF Currency Adjustment Factor Currency adjustment.
BAF Bunker Adjustment Factor Adjustment due to changes in oil prices.
PSS Peak Season Surcharge High season surcharge due to lack of space on ships.
SC, CANAL DE SUEZ Surcharge for the passage of ships through the Suez Canal.
ISPS International Ship and Port Facility Security Code is an amendment to the Safety of Life at Sea (SOLAS) Convention (1974/1988) on minimum security arrangements for ships, ports and government agencies.
RECARGO POR IMO Surcharge for dangerous goods.
OWS Over weight surcharge Shipping fee charged for heavy containers, generally applied to 20’ equipment, each shipping company may establish a different scale.