CarrierĪny firm or individual that undertakes to transport cargo by air, land or sea, or through a combination of those methods. Cargo ManifestĪ list of the cargo being transported that includes commercial details such as transport document numbers, consignors and consignees (see below,) and descriptions and quantities of goods. Goods or merchandise being transported by air, land or sea. Just as the BAF is a surcharge to cover the fluctuations in the price of oil, the CAF is a currency surcharge applied by the carrier which reflects changes in foreign exchange rates. Common examples include coal, oil, grain and ore. Bulk CargoĬargo that is stowed loosely in the hold of a ship which is not enclosed in a shipping container. Bonded WarehouseĪ secure area where goods which attract duty can be stored and manipulated without the requirement to pay VAT/GST and duty. It sets out the details for each shipment and includes a bill of lading number that can be used to track the progress of goods in transit. This is a document issued by shipping companies once they have received cargo for shipment as evidence of the contract of carriage. The surcharge changes periodically, typically on a monthly or quarterly basis. Also known as a bunker surcharge, a BAF is a sea freight surcharge that’s applied by operators to smooth out the impact of oil price fluctuations on carrier costs. The acronyms come thick and fast in our shipping glossary. AEO consignments are fast-tracked through customs, so companies that hold AEO status benefit from more efficient shipping processes.
AEO (Authorised Economic Operator)Īn authorised economic operator is an internationally recognised quality mark given to companies that exhibit efficient and compliant custom controls and procedures. Terms A-ZĪny cargo that is too large, heavy or cumbersome to be transported safely and securely in a standard shipping container is generally referred to as an abnormal load, or ‘exceptional cargo’. With that in mind, we’ve created this glossary of shipping terms to help you successfully navigate the logistics industry. Although we try not to use it as much as we can, sometimes it’s unavoidable.
Container offloaded from shipping vessel meaning full#
The shipping and logistics industry is packed full of technical terms and jargon.
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