Bunker Adjustment Factor. Used to compensate steamship lines for fluctuating fuel costs. Sometimes called “Fuel Adjustment Factor” or FAF.
Guarantee issued by a bank to a carrier to be used in lieu of lost or misplaced original negotiable bill of lading.
A tariff term referring to ocean rate less accessorial charges, or simply the base tariff rate.
The row position of the container on the vessel. The containers are numbered from stem to stern: 01, 02, 03……
The width of a ship.
Entity to whom money is payable The entity for whom a letter of credit is issued The seller and the drawer of a draft
Shipped under rate that includes cost from end of ship’s tackle at load port to end of ship’s tackle at discharge port.
A contract term meaning both parties agree to provide something for the other.
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a...
The weight shown in a waybill and freight bill, i.e, the invoiced weight
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