Glossary of Maritime Terms
[ADR (Articles Dangereux de Route)] International Carriage of Dangerous Goods By Road
[ATA Carnet] An international customs document that facilitates customs expedition and replaces all export, import and transit documents.
[BAF] Bunker adjustment factor. An adjustment in shipping charges to offset price fluctuations in the cost of bunker fuel.
[BILL OF LADING B/L] A document by which the Master of a ship acknowledges having received in good order and condition (of the reverse) certain specific goods consigned to him by some particular shipper, and binds himself to deliver them in simular condition, unless the perils of the sea, fire or enemies prevent him, to the consignees of the shippers at the point of destination on their paying him the stipulated freight. A bill of lading specifies the name of the master, the port and destination of the ship, the goods, the consignee and the rate of freight.
[CABOTAGE] The carrier of goods or passengers for remuneration taken on at one point and discharged at another point within the territory of the same country.
[CAF] Currency adjustment factor. A Freight surcharge or adjustment factor imposed by an international carrier to offset foreign currency fluctuations.
[Charterer] The legal person who has signed a charter party with the owner of the vessel or aircraft and thus hires or leases a vessel or an aircraft or a part of the capacity thereof.
[Consignment Note] - A document prepared by the shipper and comprising a transport contract. It contains details of the consignment to be carried to the port of loading and it is signed by the inland carrier as proof of reciept.
[Consolidation] The grouping together of smaller consignments of goods into a large consignment for carriage as a larger unit in order to obtain a reduced rate.
[Dead Freight] Slots paid for but not used.
[FCL] Full Container Load all the way from origin to destination.
[FIO] Free in and out. Transport condition denoting that the freight rate excludes the costs of loading and discharging and, if appropiate, stowage and lashing.
[General Cargo] Cargo, consisting of goods, unpacked or packed, for example in cartons, crates, bags or bales, often palletised. General cargo can be shipped either in breakbulk or containerised.
[Incoterms] International terms of sale developed by the International Chamber of Commerce to define sellers' and byers' responsibilities.
[ISM] International Safety Management
[ISO] International Standards Organisation.
[Liner Terms] Condition of carriage denoting thet costs for loading and unloading are borne by the carriewr subject the custom of the port concerned.
[LOLO] Lift-on. lift-off - Cargo loaded via cranes over the top of the vessel.
[RORO] Roll-on roll-off - A type of ship designed to load and discharge cargo which rolls on wheels or tracks.
[Manifest] A list of all cargoes that pertain to a specific shipment, grouping of shipments, or piece of equipment. Ocean carriers will prepare a manifest per container.
[TEU] A measure of a ship´s cargo-carrying capacity. One TEU measures twenty feet by eight feet by eight feet - the dimensions of a standard twenty-foot container.
[Time Charter] A contract whereby a vessel is let to a charterer for a stipulated period of time or voyage, for a remuneration known as hire, generally a monthly rate per ton deadweight or a daily rate.
[Waybill] A non-negotiable document that acts as a receipt for the goods and evidence of the contract of carriage.