Sipping Terminology

Abbr.
Description
 
Abbr.
Description
BAF
Bunker Adjustment Factor
 
IMO
Int. Maritime Organisation
C&F
Cost & Freight
 
ISO
Int. Standardisation Org.
CAD
Cash Against Document
 
LCL
Less than Container Load
CAF
Currency Adjustment Factor
 
LIFO
Liner in Free Out
CFS
Container Freight Station
 
LT
Liner Terms
CIF
Cost Insurance Freight
 
NVOCC
Non Vessel Operating Common Carrier
CIFE
Cost Insurance Freight & Exchange
 
OBL
Original Bill of Lading
CIFC
Cost Insurance Freight & Commission
 
P&I
Protection & Indemnity
CIP
Carriage and Insurance paid to
 
PAG
Payment on Arrival of Goods
CKD
Completely Knocked Down
 
P&I
Protection and Indemnity
CPT
Carriage paid to
 
SO
Shipping Order
CY
Container Yard
 
SRCC
Strike, Riots & Civil Commotion
DDU
Delivered Duty Unpaid
 
TEU
Twenty Foot Equivalent Unit
DDP
Delivered Duty Paid
 
THC
Terminal Handling Charge
DO
Delivery Order
 
TIR
Transport International Router
ETA
Estimated Time of Arrival
 
ETD
Estimated Time of Departure
 
Financial Instrument
EXW
Ex Works
 
ARLC
Automatic Revolving Letter of Credit
FAS
Free Alongside Ship
 
D/A
Documents on Acceptance
FCL
Full Container Load
 
D/P
Documents on Payment
FEU
Forty Foot Equivalent Unit
 
DLC
Documentary Letter of Credit
FILO
Free In Liner Out
 
ICPO
Irrevocable Corporate Purchase order
FIO
Free In and Out
 
L/C
Letter of Credit
FOB
Free On Board
 
PBG
Prime Bank Guarantee
FOT
Free On Truck
 
RLC
Revolving Letter of Credit
GA
General Average
 
SLC
Standby Letter of Credit
ICD
Inland Clearance Depot
 
T/T
Telegraphic Transfer

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