Bunker Adjustment Factor (BAF) Surcharge - an adjustment to shipping companies' freight rates to take into account fluctuations in the cost of fuel oil (bunkers) for their ships.
Currency Adjustment Factor (CAF) Surcharge is an adjustment to shipping companies' freight rates to take into account the effect over time of fluctuations in currency exchange rates.
IMO Surcharge is applied when transporting goods classified by the UN as hazardous (in accordance with the IMDG code (International Marine Dangerous Goods code)) , the shipping company imposes a surcharge on the sea freight. This relates to the additional handling required for planning the goods at the terminal and onboard the ship.
Demurrage fees are charged when import containers are still full and under the control of the shipping line. In this situation, the container has not yet been picked up by the consignee, and the free time for pick up set by the ocean line has expired for the container.
Detention Fees occurs when the consignee holds onto the carrier’s container outside of the port, terminal, or depot beyond the free time that is allotted. Detention is charged when import containers have been picked up, but the container (regardless if it’s full or empty) is still in the possession of the consignee and has not been returned within the allotted time
Pro-Forma Invoice as a ‘confirmed purchase order’ from the seller, although the official purchase order has to be issued by the buyer. The pro-forma invoice is issued before sales takes place.
The content of commercial invoice is almost same as pro-forma invoice. However, the final sale price may vary with the pro-forma invoice, as pro-forma invoice is issued prior to actual sale takes place
MBL is Master Bill of Lading issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms.
HBL is House Bill of Lading issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination.
MAWB is Master airway bill issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms.
HAWB is House airway bill issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination
Currency Adjustment Factor (CAF) Surcharge is an adjustment to shipping companies' freight rates to take into account the effect over time of fluctuations in currency exchange rates.
IMO Surcharge is applied when transporting goods classified by the UN as hazardous (in accordance with the IMDG code (International Marine Dangerous Goods code)) , the shipping company imposes a surcharge on the sea freight. This relates to the additional handling required for planning the goods at the terminal and onboard the ship.
Demurrage fees are charged when import containers are still full and under the control of the shipping line. In this situation, the container has not yet been picked up by the consignee, and the free time for pick up set by the ocean line has expired for the container.
Detention Fees occurs when the consignee holds onto the carrier’s container outside of the port, terminal, or depot beyond the free time that is allotted. Detention is charged when import containers have been picked up, but the container (regardless if it’s full or empty) is still in the possession of the consignee and has not been returned within the allotted time
Pro-Forma Invoice as a ‘confirmed purchase order’ from the seller, although the official purchase order has to be issued by the buyer. The pro-forma invoice is issued before sales takes place.
The content of commercial invoice is almost same as pro-forma invoice. However, the final sale price may vary with the pro-forma invoice, as pro-forma invoice is issued prior to actual sale takes place
MBL is Master Bill of Lading issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms.
HBL is House Bill of Lading issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination.
MAWB is Master airway bill issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms.
HAWB is House airway bill issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination
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