International Commercial Terms
Term
Description
a/a
Always afloat (always floating )
a.a.r
Against all risks
Air consignment note:
Airport of arival
Airport of departure
AWB
Airway bill:
a.s.a.
Always safely afloat:
a.m.
Ante meridiem (Before noon)
Amounts
Total value
Approx
Approximetaly (Estimated, almost )
ARR
Arrival (Time of arrival )
B/L
Bill of lading (Konşimento)
Booking
Reservation
Breakdown clause
(of-of-hire clause)
It is used sometimes for leasing agreements, drafts, breakdown and collision of vessel or for
hardware.
Breaking bulk
Starting to unload the vessel
Brokerage
The commission of broker paid due to his service in leasing agreement
B.S.
Bottom stowed (Stowed in warehouse )
B.S.T.
British summer time
Bulk
Load in bulk (load not packed in a package such as coal)
Bulk freight
Load of light weight but of high stow factor
ca.
Estimated
c.a.d. (c/d)
Cash against documents
c.a.f.
Cost, assurance,fret,c.i.f. (cost, insurance and freight)
cargo
Transportation, load
Carriage
Transportation, shipment
Carrier
Transporter
c.o.d.
Charges collect (costs charged to purchaser)
Certificate of origin
c.+f
Cost and freight
c.+i
Cost and insurance
Charge
Expense, cost, fee
Chargeable weight
weight subject to fee
CIF
Cost, freight, insurance
c.i.f.
cost, insurance and freight
c.i.f.+c
cost,insurance,freight and commission included
c.i.f landed
Cost,insurance,freight,landed
city terminal service
c.k.d.
completely knocked down (it can be assembled and dismantled completely for transportation)
Claims
c/o
Care of. (by means of )
c.o.d.
Cash on delivery(will be paid in delivery)
Collecting free:
Fee paid in port of arrival to get goods from the
vessel
Commodity rates:
Freight table applied in transportation
Conditions of contract:
Consignee:
Receiver of goods
Consignment:
Shipped goods, transporting goods, shipping
Consolidator:
Organization which is member of IATA and combining goods and shipping collectively.
Consular ınvoice (C.I):
Approved invoice
c.o.s.:
Charterer pays des
CPT:
Receiving as freight paid
CRF:
Cost and freight
c.t:
Conference terms (Conditions of agreement made between regular lines vessel companies )
Current rates:
Effective prices
Customs broker:
Customs consultant
Costoms clearance:
To clear through customs
custums deklaration:
DAF:
Delivered at border
d.d.:
Dangerous deck (Deck where dangerous goods are stowed )
DDP:
Delivered duty paid
DDU:
Delivered duty unpaid
dead freight:
Freight of regret
Delivering carrier:
Transporter carrying goods to purchaser from the port of arrival
Delivery service:
Demurrage:
Additional fee paid in case vessel loads or unloads after its due time
DEP:
Departure (Time of departure)
DES:
Delivered on board
DEQ:
Delivered at port
Dispatch money:
Additional fee paid in case vessel loads or unloads before its due time.
d.i.c.:
Loading capacity of the vessel
d.i.o.:
shipment money paid only in loading
d/p:
Sending documents against payment
Emergency rates:
Tariffs applied by vessels connected to Conference in emergency cases
e.t.a.:
Estimated time of vessel’s arrival
E.T.C.:
Possible time of completing work
Ex ship:
Delivered on board
EXW:
Delivered in manufacturing facilities
f.a.c.:
Doing the work as fast as possible by using all power of the vessel during loading/ unloading
f.a.s.:
Free on aircraft (Delivered on aircraft )
f.o.b.:
Force majeure:
Extraordinary compulsive reasons
f.o.t.:
free on truck (Delivered on truck )
f.t.:
Full terms (It specifies in freight market that all commissions and discounts are ncluded)
Gateway charges:
All expenses made at airport to increase load
General cargo rates:
Fee table related to mixed load
Goods:
Product, property
Handling:
Loading operations
I.C.C.:
Frames of insurance prepared by English Insurers Institute
Incoterms:
International commercial terms
In regular turn:
According to a regular queue
Landing charges:
Unloading costs
L/C:
Letter of credit
Lines terms:
Conditions of regular lines
Livraison en cale:
When this conditions is added to agreement, purchaser has to receive goods in the warehouse of
the vessel and all unloading expense and risk belongs to purchaser.
L.S&D charges:
Landing. Storage and delivery charges
L/T:
Long ton (Big ton 1016.047 kg)
Main port:
Main port
M/R:
Mate's receipt (Receipt which is signed by or on behalf of Second master and certifies that goods
were loaded to vessel and temporarily valid as bill of lading)
n.o.p.
Not otherwise provided (It is not provided in any other way)
Offload:
Unloaded freight
Open rates:
o.w.h.:
Ordinary working hours (Normal working hours)
pd:
Paid
p.m.:
post meridiem (After noon)
p.o.d.:
Paid on delivery
Shipment:
Subopen:
Subject to being open (With the condition of being open)
Surcharge:
Extra charge (Extra freight paid temporarily due to port plugging )
Thru B/L:
Single bill of lading
Trace:
Inspection conducted about shipment not reached to its destination
u.c.:
Ordinary conditions
w/m:
Weight or measurement (Calculation of the freight according to weight and volume. )
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