Ship-owner |
Ship-owner, transporter |
Agency |
Organization that operates on behalf of the ship-owner as a representative at any port |
NVOCC |
“Non Vessel Operating Common Carrier” (Transporter without an owned ship) |
Co-Loader |
Person who carries out transportation by consolidating his own load with the forwarder’s load |
Forwarder |
Organizing firm that carries out the land, airline, maritime and railway transport, customs clearance and insurance services and has an active agency network |
Bill Of Lading (B/L) |
Maritime consignment |
Master B/L |
Master consignment |
House B/L |
House consignment |
Charter Taşıma |
Transportation with the ship wholly or partially (part cargo) leased |
Charter Party |
The contract between the transporter and the ship-owner |
Bulk Loading |
Bulk loading in conventional load transport |
Broker |
Mediator between the ship-owner and the transporter, the middleman |
RO-RO Transport |
Transportation with ships that carry vehicles, treys or containers |
Loading Unloading Terms |
Free In (FI) |
Loading cost at port |
Free Out (FO) |
Unloading cost at port |
Liner In (LI) |
Loading cost is on the ship-owner |
Liner Out (LO) |
Unloading cost in on the ship-owner |
Stuffing |
Placement of the load in the container |
Unstuffing |
Clearing the container |
Stevedoring |
Ship loading and unloading service |
Port Terms |
Storage |
Storage at the port |
Demurrage |
The ship exceeding the time allocated for its loading and unloading, or failure to clear a load stored in a container from customs and unload in the allocated time |
Free Time |
The time the load can wait without going into demurrage. Demurrage is imposed in case of time-out. |
THC |
(Terminal Handling Fee) : Handling fee at the port |
Temporary Admission |
According to the customs legislation in Turkey, containers are properties subject to customs. This is the customs clearance cost that results from a container being removed from the customs area at the port or being brought back to the port. |
Freight Charge Terms |
CAF |
(Currency Adjustment Factor) Inclusion of US Dollar fluctuations in the freight charge |
BAF |
(Bunker Adjustment Factor) Inclusion of fuel oil price fluctuations in the freight charge for overseas transport |
Primage |
Additional fee added by the ship-owner to lower the risk, generally used in freight charges for exports from Turkey |
War Risk Surcharge (WRS) |
Additional fee added to the freight charge in navigations to ports with risk of war |
High Cube Surcharge |
Additional fee collected for High Cube containers |
IMCO Charge |
Additional fee requested by the ship-owner in hazardous material transports |