Major shipping terms

(I) Trade Terms:

(1) FCA (Free Carrier) Cargo Carrier

(2) FAS (Free Alongside Ship) Shipment by Ship

(3) FOB (Free on Board) Shipment on Shipment

(4) CFR (Cost and Freight) Cost and Freight

(5) CIF (Cost, Insurance and Freight) Cost, Insurance, and Freight

(6) CPT (Carriage Paid To) Freight to your destination

(7) CIP (Carriage and Insurance Paid To) Freight and Insurance Payments to Your Destination

(8) Delivered At Frontier DAF

(9) DES (Delivered Ex Ship) Destination Port Ship Delivery

(10) Delivery of DEQ (Delivered Ex Quay) port of destination

(11) DDU (Delivered Duty Unpaid) Unpaid Delivery

(12) Delivered Duty Paid DDP

(b) Major shipping terms:

(1) ORC (Origen Recevie Charges) Local Receipts (Guangdong Province)

(2) THC (Terminal Handling Charges) terminal operating charges (collected in Hong Kong)

(3) BAF (Bunker Adjustment Factor) Fuel Surcharge

(4) Currency Adjustment Factor CAF (Currency Adjustment Factor)

(5) YAS (Yard Surcharges) Terminal Surcharge

(6) EPS (Equipment Position Surcharges) Equipment Location Surcharge

(7) Destination Delivery Charges for DDC (Destination Delivery Charges)

(8) Peak season surcharges for PSS (Peak Season Sucharges)

(9) Port congestion congestion surcharge for PCS (Port Congestion Surcharge)

(10) DOC (DOcument charges) Document fees

(11) O/F (Ocean Freight) ocean freight

(12) B/L (Bill of Lading) B/L

(13) MB/L (Master Bill of Lading) Shipowner's List

(14) MTD (Multimodal Transport Document) multimodal transport document

(15) L/C (Letter of Credit) Letter of Credit

(16) C/O (Certificate of Origin) Certificate of Origin

(17) S/C (Sales Confirmation) Sales Contract Sales Contract

(18) S/O (Shipping Order) Loading Instructions

(19) Weight Ton (W/T)

(20) M/T (Measurement Ton) Size Ton

(21) W or M (Weight or Measurement ton)

(22) CY (Container Yard) Container Yard

(23) FCL (Full Container Load) FCL

(24) LCL (Less Than Container Load) LCL (bulk cargo)

(25) CFS (Container Freight Station) Container Freight Station

(26) TEU (Twenty-feet Equivalent Units) 20-foot conversion unit (used to calculate the amount of containers)

(27) A/W (All Water) Full Waterway (Mainly refers to the transport of goods from the West Coast of the United States to East Coast or inland points)

(28) MLB (Mini Land Bridge) Mini Land Bridge (mainly referring to the transport of goods from the West Coast of the United States to the East Coast or inland points)

(29) NVOCC (Non-Vessel Operating Common Carrier) NVOCC