The slang used in shipping can often be
confusing, with shipping terms abound with abbreviations and acronyms. Here are
some of the more common ones to help you negotiate your way through the goods
transportation process.
B/L or BOL This stands for bill of lading,
and is the official document containing all the details of the shipment.
C&F or CFR ‘Cost and Freight’, which is
the cost of the
goods plus the cost of transporting them. ‘Cost,
Insurance and Freight’ is part of
the same category of shipping terms, but also includes the cost of marine
insurance.
ETA and ETD Commonly used shipping terms, these stand for ‘Estimated Time of Arrival’ and ‘Estimated Time of Departure’.
Cnee This is an abbreviation for ‘consignee’,
and designates the person or company in receipt of the shipment. The ‘shipper’
is the person or company who sends the shipment.
C of O A ‘Certificate of Origin’ is a
document which includes the country of origin of the goods in question, issued
by the Chamber of Commerce, Embassy of the exporting country, or relevant
government department.
EORI
EORI is an ‘Economic Operator
Registration and Identification’ number which is used by customs to keep
track of imported and exported goods. They’re necessary if you want to import
goods into the UK.
FOB This stands for ‘Free on Board’
and is where the seller is responsible for all of the charges for transporting
the goods, as well as the liability. It stands up to the time when the goods
arrive on board the ship.
FCL or LCL Full container load or Less Container Load’.
POD and POL The terms, POD is the ‘Point
of Discharge’ and is the port where the goods are unloaded from the ship; the POL is the port at which the goods are
loaded on to the ship.
For your expert and professional freight
forwarding, contact BOWAGATE GLOBAL LIMITED for a reliable quality cargo service that includes IMPORT, EXPORT, WORLDWIDE SHIPPING.
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