BAF & CAF Surcharges
BAF - Bunker Adjustment Factor. A fuel surcharge expressed as a percentage added or subtracted from the freight amount, reflecting the movement in the market place price for bunkers.
CAF - Currency Adjustment Factor. A fee applied to the shipping costs to compensate for exchange rate fluctuations.
Europe — Far East
Freight surcharges for container shipping between Europe and the Far East are set by Far Eastern Freight Conference (FEFC).
Date
BAF(Bunker Adjustment Factor): Value May 2008 509.00 USD
CAF(Currency Adjustment Factor):Value May 2008 +17.7%
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A
Act of God - An act occasioned by violence of nature which no reasonable human foresight, care, or diligence can anticipate or prevent.
Ad Valorem - An additional charge when a shipper desires to be covered for a valuation in excess of that allowed by the carrier's regular bill of lading.
Add-Ons - Additional charges.
Agency - An organization working on behalf of a principal. Company who represents/acts on behalf of another entity.
AI - All Inclusive.
All-Water - Service rendered by carriers on a port-to-port basis; cargo moving via ocean carrier only.
AMS - Automated Manifest Systems.
Anti-Rebating - Document signed by shipping companies and filed with Federal Maritime Certification Commission and in ocean tariffs attesting that rebates are not allowed and will not be paid by a company.
AQ - Any quantities.
AQI - Agriculture Quarantine Inspection
Arrival Notice - Documentation that notifies consignee of arrival information and freight charges due. Form produced by carrier for advanced notification to consignee of cargo arrival.
As Freighted - All cargoes freighted on same unit; Weight or Measure.
Assignment - An act which involves transfer of rights, title, and interest for the purpose of assigning goods by endorsement of the bill of lading.
B
Back Haul - The return leg of a round trip.
Banding - Securing of cargo on a pallet generally by a steel/metal stripping.
Bank Draft - A bank instrument wherein payment of funds is guaranteed.
Bank Guarantee - Accepted in lieu of original bill of lading to release cargo.
Barges - Conveyance used to carry loose cargo or containers in smaller volumes than mother vessels.
Base Port - Port from which standard tariff rate applies normally serviced directly by members.
Bay - Section of a vessel where containers or cargo is stored.
Bay Plan - Section by section breakdown of a vessel to indicate where cargo is stowed.
Berth - Where the vessel docks.
Berth Terms - Carrier provides stevedoring.
Bill of Lading (B/L) - Official legal document representing ownership of cargo; negotiable document to receive cargo; contract for cargo between shipper and carrier.
Bill of Lading Number - Carrier's reference number assigned to bill of lading.
Bill of Lading Terms - All details relevant to shipment.
Bolster - Bracing of a commodity in a container.
Bonded Warehouse - A secured Customs approved facility where cargo and containers are stored under close surveillance.
Booking - Cargo commitment made to carrier (i.e. a reservation).
Box Rate - A lump sum charge to move cargo in various size containers from origin to destination.
Boycott Certificates - Required by certain countries restricting carriage to certain flag vessels.
Breakbulk - Loose cargo containers and non-containerized cargo; vessel whose hatch is built to accommodate various bulk commodities.
Breakbulk Vessel - Carries containers and non-containerized cargo; vessel whose hatch is Vessel built to accommodate various bulk commodities.
Bulk Carrier - Vessel specifically built to carry raw materials.
Bulk Containers - Containers used specifically for raw materials.
Bull Rings - Rings for lashing the cargo in containers.
Bunker Adjustment Factor - Surcharge assessed by carrier applied to freight rates to supplement fuel Factor (BAF) costs.
Bunker Surcharge - See Bunker Adjustment Factor.
Bunkers - Fuel used by vessel.
C
C & F - Cost and Freight. Terms of sale. Seller quotes price including the cost of goods and all transportation charges to the named point of destination.
Cabotage - Shipments between ports of the same nation. Many countries, like the U.S., have laws requiring domestic-owned vessels to perform domestic interport water transportation services.
Cargo Bays - Doors at cargo warehouse where vehicles back in to load/unload cargo.
Carrier - One who owns, operates or charters vehicles of transportation for movement of cargo.
Carrier's Certificate - U.S. Customs form used in lieu of bill of lading.
CBM - 1 Cubic Meter = 35.314 cubic feet.
Cell - Container slot where container fits into place on vessel.
Cell Guides - A guide for each container slot.
Certificate of Origin - Formal document (required at destinations) stating origin of cargo and relevant cargo details.
CFS - Container Freight Station. Storage/warehouse facilities for loading/unloading less than full container orders.
CFS Cargo - Loose containerizable cargo handled in a container freight station (warehouse).
CFS/CFS - Cargo received and stuffed by carrier at origin and devanned by carrier at destination.
CFS/CY - Cargo received and stuffed by carrier at origin then delivered intact at destination.
Chains and Binders - Used to secure (brace & chock) oversize cargo to equipment.
Charter VSC - Vessel whose owner makes vessels available on bid basis.
Charterer - An organization/company who enters an agreement with a principal to use their vessels for a specified time.
Chassis - Trailer or wheeled unit on which a container is placed in order to move container over the road.
CHB - See Custom House Broker.
Claim - A request for payment by a customer due to a shortage or damage to cargo.
Clear (Clean) on Board - Bill of lading issued without exceptions.
COFC - Container on a Flat Car. Containers moving on articulated flat rail cars without chassis.
Collect - Money to be paid at destination prior to release of bills of lading.
Combined Transport Bill of Lading - Provides a combined transport by at least two different modes of transportation from a place at which the goods are taken to a place designated for delivery.
Commercial Invoice - A document on shipper's letterhead that contains an accurate description of the merchandise and show country or origin. All items must be itemized.
Commodity Description - Description of goods being shipped.
Company Guarantee - A letter of guarantee from a company identifying the carrier of responsibility associated in the release of goods in lieu of bill of lading. Protection in writing to carrier by private company.
Conference - Group of carriers allowed by FMC to determine a level of rates, services and rules of a given trade route bound together by a common tariff or certain geographic area.
Conference - A group of steamship companies offering equitable freight rates, standardized shipping practices and regularly scheduled service between designated ports. These arrangements are given anti-trust immunity as authorized by the Shipping Act of 1984.
Conference Carrier - Carrier that belongs to the conference.
Conference Certificate - Certificate declaring that the carrier is a member of the conference.
Connecting Carrier - An intermediary carrier utilized to connect cargo to/from mother vessel (See Feeder).
Consignee/Importer - Ultimate receiver of cargo designated on the original bill of lading.
Consignor - Person or firm by whom articles are shipped (i.e. shipper).
Consolidation - Effort extended to put same destination cargo together in same container for ease of delivery.
Consortium - Group of carriers pooling resources in a trade lane to maximize their resources efficiently.
Consular Invoice - Document required by some foreign countries showing exact information as to consignor, consignee, value description, etc. for a shipment. Consulate Copy - Copy of the B/L signed for consulate purpose.
Consulate Legalization - Shipping documents must be presented to the Consul for legalization, either prior to or right after sailing.
Container - A truck trailer body that can be detached from the chassis for loading into a vessel, a rail car or stacked in a container depot. Containers may be ventilated, insulated, refrigerated, flat rack, vehicle rack, open top, bulk liquid or equipped with interior devices. A container may be 20 feet, 40 feet, 45 feet, 48 feet or 53 feet in length, 8'0" or 8'6" in width, and 8'6" or 9'6" in height.
Container Load Plan (CLP) - Describes how the inside of container is stowed with cargo.
Container Number - Identification number assigned to each container.
Container Pool / Depot - Where containers are stored usually inland for container availability to shippers or consignees. Carrier location to hold empty containers, various points for shipper's utilization; an area designated for storage of empty .
Container Ship - Vessel built to accommodate ocean containers.
Container Stuffing List (CSL) - List showing how cargo is stowed in each container.
Container Yard - Facility where full and empty containers are stored.
Containerized - All cargo loaded into a container.
Cooper - Warehouse worker assigned to reconstruct or repair cartons, crates, boxes, etc.
Corner Casting - Devise on each corner (top and bottom) of a container for lifting up or securing down of unit. Synonym: Corner Fitting
Corner Posts - Steel reinforcements at corner of each container.
Cost Insurance - Terms of sale. Seller quotes a price including cost of goods, insurance Freight (CIF)and transportation charges to point of destination.
Credit Agreement - Agreement between carrier and shipper for release of cargo with promise to pay ocean freight within specified time. Document signed by the shipper which binds shipper to credit terms of the conference or agreement body.
Cross Docking - The process of moving merchandise directly from the receiving dock to the shipping dock, eliminating the need to place the merchandise in storage.
Cubic Foot - 1 Cubic Foot = 1728 Cubic Inches.
Currency Adjustment Factor (CAF) - Percentage of money used to equalize a difference in currency values. A percent of the base ocean freight.
Customs - Government agency which inspects cargo, insures proper cargo clearance, proper forms are filed, and correct duties/fees are paid.
Customs Clearance - Shipment cleared by Customs for movement.
Customs Duty - Monies paid to U.S. Customs for goods entered into U.S. from foreign countries.
Customs House Broker (CHB) - Agent representative licensed by FMC who negotiates customs clearance Broker (CHB)for import cargo on behalf of the consignee through U.S. Customs.
Customs Station - Area where containers are brought for Customs inspection.
Customs Warehouse - Where cargo is temporarily stored awaiting inspection or where cargo is stored when seized by Customs due to lack of permit/entry.
Cut Off - Last possible date cargoes may be delivered to a ship or designated point.
CY - Container Yard. Container yard where full containers are received and picked up. Storage area for container.
CY/CFS - Cargo loaded in a full container by a shipper at origin and delivered to a pier facility at destination where it is devanned for delivery.
CY/CY - Cargo loaded in a full container by a shipper at origin and delivered to carrier's terminal for vessel loading and discharged at destination terminal for pick up intact by consignee
more pictures with container house
www.pro-container.com
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