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 (Konþimento)

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 ýnvoice (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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