Goods are shipped in small lots such as boxes, cartons, bags, bales, etc. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. He has great passion in writing different articles on textile and Garments specially on Merchandising and Garment Washing. Among the goods that are easily damaged in this way include dairy products and fruit. Compensation, which shall be paid by the shipper, the shipper or recipient per day or pro rata for the extra duration of the call of the cargo and / or remove the port beyond what is stipulated in the shipping contract. Floating production storage and offloading, a ship designed to drill, process, store & and offload oil from wells at sea. I.S.F stands for International shipping federation. Who pays for loading and discharging costs is a matter for negotiation, the results reported in the charter contract. Speaking the same “shipping” language can help avoid misunderstandings, which most of the time lead to errors and negatively affects service performance and revenue. The agreed upon freight on a per tonne of cargo per cubic meter or tonne dw and months. Mayedul Islam is working as a Sr. Merchandiser in a reputed Buying House. regards to insurance. International system for emargency communication through satellite and country lane. Co-owner of a vessel, owned in a company form similar to the limited partnership. A barrel is equivalent to about 159 liters and it is about 7.1 barrels in a ton of oil. Treaty establishing an economic and political union, European Union, the European countries which entered into force on 1 / 11 1993rd. EDI = Electronic Data Interchange. The weight of the cargo, bunker and movable equipment, the ship carrying capacity. Knowing these terms can also have an impact on important shipping related decisions. The temperature is measured inside a particular product such as a bovine body or a fruit. Freight or Carriage Paid to Including insurance quotes. Required fields are marked *. Let’s start with very basic terms: FCL: Full container load Car Title Loans: 3 Things to Know Before Getting One, Top 10 Fashion Colleges in the World 2020, 5 Emerging Trends Poised to Transform Retail Supply Chains, Top 50 Garment Manufacturers in Bangladesh, Parts of Sewing Machine and Their Functions, Flow Chart of Garments Manufacturing Process, List of Top 100 Garment Buyers in Bangladesh, Knit Fabric Consumption Formula for a Basic T-Shirt, 60 Common Abbreviations for Textile and Apparel Technology, Parts of Sewing Machine Needle with Their Function, 9 Great Ways to Create a Steady Income Online, The Basics of China Quality Control for Importers, Love Them or Hate Them– Best Uniforms People Wear Around The World. The charterer pays for bunker fuel and port fees. Carriage Insurance Paid to a named overseas port of disembarkation (i.e. An international freight index system for tankers. Insurance for shipping liability to third parties. One of the party shipowners appointed as principal owner. This is by no means complete, but so far it just covers the terms that we use on a daily basis in terms of All costs that are attributable directly to the ship, such as costs for crew, technical operation, insurance, maintenance and repair. The seller is responsible for transport of goods to the “customs border” of the country mentioned in the purchase agreement. If you don't see the email within a few minutes, check the spam/junk folder. CBM (CM) 1 Glossary of Shipping Terms May 2008 Maritime Administration 1200 New Jersey Avenue, SE Washington, DC 20590. 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