Freight Definitions

Sometimes written as BOL or BoL, although at Panalpina we like to use B/L, the bill of lading is used for three things:

  1. It indicates the receipt of the goods by the carrier (for example, Panalpina as a non-vessel operator, NVOC)
  2. The B/L shows who has the title on the goods
  3. It is evidence of the terms and conditions for the contract of carriage.

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A container freight station (CFS) is a warehouse where shipping containers are loaded and unloaded with shipments.

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CSC stands for "container service charge" and are the charges by the terminal operator at the ports of origin and destination.

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EXW means ex-works and it is one of the standardised Incoterms. With ex-works (EXW) all of the liability is placed on the buyer, as the seller is only taking the risk until the shipment passes out the doors of their facility.

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FAK stands for "freight all kinds" and refers to a tariff that is applied irrespective of commodity.

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FCA means free carrier and it is one of the standardised Incoterms. With free carrier the seller is liable until the goods are delivered to Panalpina.

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FOB means "free on board" and it is one of the standardised Incoterms. With free on board (FOB) the liability is on the seller until the cargo is on board the ship; i.e. the seller is responsible for everything including loading on the ship. Once the freight is loaded, the buyer is responsible.

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ISF stands for "importer security filing" and refers to information that must be submitted to US customs latest 24 hours before the cargo sails. It only applies to ocean freight.

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ISPS stands for the International Ship and Port Facility Security Code, from the International Maritime Organisation. It covers a series of security requirements for ships, ports and governments to prevent terrorist attacks.

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In container shipping such as ocean and rail freight, LCL stands for less than container load. It means that the shipment by itself isn't enough to fill the container.

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The movement type shows between which type of locations your shipment will be transported.

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The types of packing materials available in the customer portal are based on the UNECE Recommendation 21.

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For less-than-container-load (LCL) ocean freight, we ask whether your shipment is stackable; i.e. can other shipments be placed on top of yours and can your shipment be placed on top of other shipments.

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THC stands for "terminal handling charge" and are the charges by the terminal operator at the ports of origin and destination.

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VGM stands for "verified gross mass". It means that the weight of the container has been checked by one of following methods.

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