Terms used in freight forwarding such container prefix,container seal ,container terminal,container yard

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Terms used in freight forwarding such container prefix,container seal ,container terminal,container yard etc.

 

This post explains about terms used in freight forwarding such as container load,container prefix,container seal ,container terminal,container yard, structural,containership ,contract carrier,conventional ship,clip-on unit,country of origin etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

Terms used in freight forwarding such container prefix,container seal ,container terminal,container yard etc

Terms used in freight forwarding

 

Container Lease:The contract by which the owner of containers (lessor) gives the use of containers to a lessee for a specified period of time and for fixed payments.

 

Container Load (CL) -See FCL. A shipment which fully utilises a container’s capacity, either by cubic measurement or weight. It is more loosely applied to any shipment which is moving in a container alone.

 

Container Load Plan (CLP) - A document prepared to show all details of cargo loaded in a container, e.g. weight (individual and total), measurement, markings, shipper, the origin of goods and destination, as well as location of the cargo within the container.

 

Container Manifest:The document specifying the contents of particular freight containers or other transport units, prepared by the party responsible for their loading into the container or unit.

 

Container Number:Identification number of a container consisting of prefix and serial number and check digit. (e.g. KNLU 123456-7).

 

Container Prefix:A four letter code that forms the first part of a container identification number indicating the owner of a container.

 

 

 

Container Seal Number:A number embossed on high-security seals for closing up containers which will serve identification purposes.

 

Container Seal -See Seal

 

Container ship:Ship designed to take ISO (International Standards Organisation) containers in vertical cells within the ship's holds as well as on the deck. These ships generally rely on infrastructure on the wharf to load and unload the containers.

 

Container Size Code:An indication of 2 digits of the nominal length and nominal height.

 

Container Size:The length of a container i.e. 20', 40' and 45' (feet).

 

Container Terminal - An area designated for the stowage of containers; usually accessible by truck, railroad and marine transportation. Here containers are picked up, dropped off, maintained and housed. Container Terminals located on an “off pier” premise can be referred to as container yards.

 

Container Terminal(CT) orContainer Yard (CY)- A facility where full and/or empty containers are received, delivered, and transferred from one mode of transport to another.

 

Container Terminal:A facility which allows container vessels to berth alongside for the operations of loading and unloading of containers. Shippers deliver their export containers to the Container Terminal awaiting for loading onto container vessels whilst consignees at ports take delivery of containers from the Container Terminal after they are unloaded from the container vessels.

 

Container Type:Containers are classified under different types, e.g., dry cargo, reefer, open top, flat-rack, open-side, etc.

 

Container Vessel :Ship specially designed to carry shipping containers.

 

Container Yard (CY or C.Y. ) :A facility inside or outside the Container Terminal which accepts laden export containers from shippers or laden import containers for delivery to consignees.

 

CONTAINER YARD :Place to which full container loads are delivered by the shipper to the ocean carrier and to which empty container are returned

 

Container Yard:Abbreviation: CY A facility at which FCL traffic and empty containers are received from or delivered to the Merchant by or on behalf of the Carrier. Note: Often this yard is used to receive goods on behalf of the merchant and pack these in containers for FCL traffic.

 

Container, Non-Structural- An airfreight term. A bottomless, rigid shell made of fibreglass, metal or other suitable material used in combination with an aircraft pallet and net assembly.(IATA)

 

Container, Structural -An airfreight term. A rigid structure that performs the function of a ULD without the use of a restraining net. (IATA)

 

Container:steel or aluminum frame forming single, rigid, sealed, reusable box in which cargo can be stowed meeting International Standard Organization (ISO)-specified measurements, fitted with special castings on the corners for securing to lifting equipment, vessels, chassis, rail cars, or stacking on other containers. Containers come in many forms and types, including: standard, high cube, hardtop, ventilated, insulated, refrigerated, flat rack, vehicle rack, open top, bulk liquid, dry bulk, platform or other special configurations. Specialized containers also exist for air transportation modes, but are much smaller and cannot be directly transferred to truck or rail.

 

Containerization: A system of intermodal freight transport using standard intermodal containers that are standardized by the International Organization for Standardization (ISO). These can be loaded and sealed intact onto container ships, railroad cars, planes, and trucks.

 

Containership - An ocean vessel specifically designed to carry ocean cargo containers. It's fitted with vertical cells for maximum loading/discharge efficiency.

 

Continuous Improvement (CI): A structured measurement driven process that continually reviews and improves performance.

 

CONTRABAND:During the time of war, materials carried aboard a vessel that could aid a belligerent in the process of the war, such as arms, weapons or munitions.

 

Contraband:Goods forbidden by national law to be imported or exported.

 

Contract Carrier: Carrier engaged in interstate transportation of persons/property by motor vehicle on a for-hire basis, but under continuing contract with one or a limited number of customers to meet specific needs.

 

Contract:An agreement enforceable by law between two or more parties stipulating their rights and obligations which are required by one or both parties to acts or forbearance by the other or both.

 

Controlled Access: Referring to an area within a warehouse or yard that is fenced and gated. These areas are typically used to store high-value items and may be monitored by security cameras

 

Conventional Cargo:General cargo conventionally stowed as opposed to unitised, containerised and Roll On-Roll Off cargo.

 

Conventional ship:Ship designed with holds which can load almost any type of loose cargo, such as drums, sacks, crates, pallets etc. These ships are designed with their own derricks for loading and unloading.

 

Conveyor: A materials handling device that moves freight from one area to another in a warehouse. Roller conveyors make use of gravity, whereas belt conveyors use motors.

 

COO: See Country of Origin

 

Cost Recovery Rate (CRR): Provides the funding stream for a wide variety of program logistics support functions.

 

 

 

Cost, Insurance, Freight (CIF): A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Cost of Goods Sold (COGS): The amount of direct materials, direct labor, and allocated overhead associated with products sold during a given period of time, determined in accordance with Generally Accepted Accounting Principles (GAAP)

 

COTD: See Complete & On-Time Delivery

 

COU (Clip-on unit) -See Clip-on-unit.

 

COUNTERVAILING DUTY (CVD) - An additional duty imposed to counter unfairly subsidized products paid to foreign suppliers in certain countries, by the government of that country for the purpose of promoting export.

 

Country of Origin - The country of manufacture, growth or production of cargo.

 

The above details describes about terms called in freight forwarding such as container load,container prefix,container seal ,container terminal,container yard, structural,containership ,contract carrier,conventional ship,clip-on unit,country of origin etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post. Terms used in freight forwarding such as consignor,consol docs,consolidation,consolidator ,constructed rate

 

 

The above information is a part of Export Import Training online


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