Transport Glossary

It is not always easy to keep track of all transport terms. Therefore, we have compiled a list of the most common ones:

FCL Full  Container Load
LCL Less than Container Load
TEU Twenty Foot Equivalent Unit.
BAF Bunker Adjustment Factor
Oil surcharge that covers the increasing fuel prices. BAF is based on the shipping lines’ fuel prices
CAF Currency Adjustment Factor
Currency fee to cover the devaluation of the currency representing the main part of the freight. The fee is determined by the shipping lines and is a percentage of the main freight
PSS Peak Season Surcharge
Surcharge paid per container from August to November for container fra Asia to Europe.
Heavy Surcharge Surcharge put on especially heavy 20’ container from the Far East. The surcharge varies from habour to habour
Low Sulphur Surcharge Sulphur surcharge on all vessels crossing The Baltic Sea, Kattegat, Skagerrak, The North Sea and The English Channel
ISPS International Ship and Port Sercurity
INCOTERMS The Incoterms® rules are international terms of trade for the sale of goods compiled by the International Chamber of Commerce. The terms outline buyer’s and seller’s risk, responsibility and obligation in international trade. Incoterms® 2020 replaces Incoterms® 2010. Below you will find a list of Incoterms® 2020, or you can take a look at our INCOTERMS® 2020 sheet.
EXW Ex Works
FCA Free Carrier
FAS Free Alongside Ship
FOB Free On Board
CFR Cost and Freight
CIF Cost, Insurance and Freight
CPT Carraige Paid To
CIP Carriage and Insurance Paid to
DAP Delivered at Place
DPU Delivered At Place Unloaded
DDP Delivered Duty Paid