Glossary

Glossary2021-06-28T17:54:48+02:00
E.T.A.2021-05-07T12:50:22+02:00

Estimated Times of Arrival.

Expected date of arrival of a vessel at the port of destination.

E.T.D.2021-05-07T12:50:15+02:00

Estimated Times of Departure.

Expected date of departure of a vessel from the port of origin.

Demurrages2021-05-07T12:50:07+02:00

Daily cost invoiced by the shipping company for the use of its containers for the transport of goods.

Dry van2021-05-07T12:51:12+02:00

Dry Van containers are the most widely used in maritime transport and, given their versatility, they can be used for the transport of almost all types of cargo. They are hermetic and non-ventilated containers.

Emptying2021-05-07T12:50:31+02:00

Unloading the container.

FEU2021-05-07T12:51:04+02:00

Forty-foot Equivalent Unit.

The cargo capacity of a standard 40-foot container. It is the equivalent of two TEUs.

TEU2021-05-07T12:50:39+02:00

Twenty-foot Equivalent Unit.

A TEU is the cargo capacity of a standard 20-foot container.

Flexitank2021-05-07T12:51:16+02:00

Efficient system for the maritime transport of bulk liquids in containers.

Filling2021-05-07T12:50:57+02:00

Container loading.

Flat rack2021-05-07T12:51:20+02:00

Containers used for special loads, they have no side panels or roof, and the front panels are hinged. Designed for large loads.

Inland2021-05-07T12:47:56+02:00

Inland transport of the goods by truck or rail from the exporter’s warehouse to the port of origin (inland transport at origin) or from the port of destination to the importer’s warehouse (inland transport at destination).

FIFO2021-05-07T12:51:34+02:00
  • In warehousing terms: First In First Out. Load management technique, mainly in factories or warehouses, whereby first in first out.
  • In maritime terms: Free In Free Out. When the freight does not include terminal charges (THC).
Wainer2021-05-07T12:48:18+02:00

A certificate that records all information related to shipments of goods to certain destinations in Africa. It is also known as Electronic Cargo Tracking Note (ECTN).

WRS2021-05-07T12:48:11+02:00

War Risk Surcharge.

B/L2021-05-07T12:49:59+02:00

Bill of Lading.

A document specific to maritime transport used in the context of a contract for the carriage of goods on a liner vessel.

F.C.L.2021-05-07T12:49:52+02:00

Full Container Load.

It is a full container with goods from a single shipper.

B.A.F.2021-05-07T12:49:46+02:00

Bunker Adjustment Factor .

Adjusts to fuel cost variation.

C.A.F.2021-05-07T12:49:39+02:00

Currency Adjustment Factor.

Adjustment for exchange rate fluctuations.

Letter of credit2021-05-07T12:49:31+02:00

A document issued by commercial banks to guarantee payment for goods. This indicates to the seller or exporter that, upon fulfilment of the conditions of the contract, the issuing bank is responsible for the disbursement of money.

GIFO2021-05-07T12:49:24+02:00

Gate In Free Out.

Freight includes terminal charges at origin but not at destination (THCO included).

GIGO2021-05-07T12:49:10+02:00

Gate In Gate Out.

Freight includes terminal charges both at origin and destination (including THCO and THCD).

Storage2021-05-07T12:49:01+02:00

Daily “rental” charge invoiced by the terminal for the space occupied by the container inside the terminal, after deduction of free days.

P.O.L.2021-05-07T12:48:53+02:00

Port of Loading.

P.O.D.2021-05-07T12:48:45+02:00

Port of Discharge.

T/T2021-05-07T12:48:26+02:00

Transit Time estimated by the shipping line from the port of loading to the port of discharge.

T.H.C.2021-05-07T12:48:37+02:00

Terminal Handling Charge.

Cost of container handling at terminal (at origin THCO or at destination THCD).

Tax warehouse2021-05-07T12:51:42+02:00

The authorisation of the Fiscal Warehouse for alcoholic beverages allows the reception, storage and dispatch, with VAT exemption, of alcoholic beverages of all types of alcoholic strength. These warehouses are authorised to affix the tax seals established by Spanish legislation according to the type of product and container.

D/A2021-05-07T12:51:50+02:00

Customs Warehouse.

A type of exempted area that allows goods from outside the European Union to be stored indefinitely without incurring any taxes during their stay.

A.D.T.2021-05-07T12:52:00+02:00

Temporary Storage Warehouse.

Warehousing service for goods coming from non-EU countries without having to pay additional taxes, offering a period of 20 days to assign them an economic customs procedure and to carry out partial exits.