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BRINGING YOUR FREIGHT GLOBALLY

Terminology

AWB Airway Bill
B/E Bill of Exchange
B/L Bill of Lading
CAD Cash Against Document
C&F(CFR) Cost and Freight
C&FC Cost, Freight & Commission
CFS Container Freight Station
CIF Cost, Insurance & Freight
CIFC Cost, Insurance, Freight & Commission
CIFE Cost, Insurance, Freight & Exchange
CPT Carriage Paid To
CY Container Yard
DDU Delivered Duty Unpaid
DDP Delivered Duty Paid
DO Delivery Order
EXW EX Works
FAS Free Alongside Ship
FCL Full Container Load
FOB Free On Board
FOT Free On Truck
GA General Average
LCL Less Than Container Load
LTL Less than Truck Load
PAG Payment on Arrival of Goods
P&I Protection and Indemnity
SO Shipping Order
SRCC Strike, Riots & Civil Commotions
TEU Twenty Foot Equivalent Unit

Abbreviations


FIATA International Federation of Freight Forwarders Association (Zurich)
GATT General Agreement on Tariffs and Trade (Geneva)
IAAC International Association of Air Cargo Consolidators (Zurich)
IATA International Air Transport Association
(Geneva / Montreal)
ICC International Chamber of Commerce (Paris)
ICS International Chamber of Shipping (London)
IUMI International Union of Marine Insurance
(Zurich)

Financial Instrument



ARLC Automatic Revolving Letter of Credit
D/A Documents on Acceptance
D/P Documents on Payment
DLC Documentary Letter of Credit
ICPO Irrevocable Corporate Purchase Order
L/C Letter of Credit
PBG Prime Bank Guarantee
RLC Revolving Letter of Credit
SLC Standby Letter of Credit
T/T Telegraphic Transfer
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