BAF (Bunker Adjustment Factor) – a percentage of the freight added or deducted in order to reflect the current cost of fuel in a specific region.
Bill of Lading, Â/L, Bs/L, B/Lading – a document issued by a carrier to the owner of cargo shipped by sea, river or air to certify the fact of its acceptance for transportation and obligation to transfer to the consignor at the port of destination. Besides the function of a receipt of acceptance of cargo for shipment, a bill of lading plays the role of a negotiable document of title, and the evidence of the availability of a shipping contract and its contents. A bill of lading is usually made in several copies with number indicated on each one. When the consignee receives the lading, the other copies become invalid. A bill of lading is one of the main documents needed for customs control over cargoes shipped by maritime transport.
Booking – arrangements made by a shipper or forwarder with the carrier to reserve space on a vessel for the carriage of cargo (in the last case the shipowner allots a share of the capacity, i.e. the so-called allotment)
CAF (Currency Adjustment Factor) – represents variations in exchange rates.
Combined Transport Bills of Lading – a bill of lading, under which carriage is performed by at least two means of transportation; it is widely used for container shipping. The carriage may include the use of sea shipment and further by railway and/or road vehicles under a single document. Usually, the issuer of such a bill of lading is responsible for the cargo from the time of its acceptance up to its delivery to the point of destination. FIATA member states use the combined bill of lading.
Customs Applicant – a person moving goods across the customs frontier or a customs broker, who declares the presented goods and transport for customs clearance on their behalf.
Customs Clearance – customs formalities, which are to be completed, arising from moving goods, the means of transport across the customs frontier of a specific country. This includes customs clearance, payment of customs duties and constitutes a mandatory condition for ‘release’.
Customs Warehouse – a building or site where imported or exported goods may be stored under customs procedures without customs duties paid (valued added tax and excise duty) and export/import and ratio and licensing during the storage.
Delay – a period of time starting from the expiration of the time set for the container to be released (usually 48 hours). Applicable to container shipment by road vehicles.
Detention – a penalty assessed against a shipper for the delayed return of container from the time of its awarding in a port until it is returned to shipowner’s stock.
| |
|
1/2 | |
2 | |
 |
|
|
