| ACRONYM |
DEFINITION |
COMMENTS |
| Aden GS |
Aden Gulf Surcharge |
As can be seen from the press lately there have been hijacking of vessels in the Aden Gulf between Somalia and Yemen. The increasing activity from African pirates has led to the carriers on the Asia-Europe trades to impose this surcharge. |
| AMS |
American Manifest Document |
Cost of mandatory electronic transmission to US customs. |
| BAF |
Bunker Ajustment Factor |
It is a surcharge applied by steamship lines. Should the shipping lines undergo a variation in price, this offer would be adjusted accordingly without previous notice. |
| CAF |
Currency Adjustment Factor |
It is an extra charge applied by the shipping lines. The CAF is due to currency fluctuations. |
| CDD |
Cargo Data Declaration |
Steamship lines charge this concept per B/L not per container. |
| CSF |
Carrier Security Fee |
Segcurity surcharge charged by ports. |
| CUC |
Chasis Usage Charge |
Surcharged applied to accommodate the Chassis Usage at a specific destination. |
| DAE |
Export Accompanying Document |
Documentation accompanying the goods to the customs office through which they leave the European Union, in the case of export consignments with indirect exit. |
| DCC |
Depot container Control |
Surcharge levied by shipping companies to compensate for the additional cost caused by a significant excess or shortage of equipment in a given location. |
| EIS |
Equipment Imbalance Surcharge |
This surcharge is imposed by shipping companies when the amount of inbound cargo exceeds the amount of outbound cargo. |
| Emer. BAF |
Emergency Bunker Ajustment Factor |
Freight level adjustments applied on an exceptional (‘emergency’) basis by shipping companies. |
| ERR |
Emergency Rate Restoration |
Surcharge applied by shipping companies to compensate for sudden increases in maritime transport operating costs. |
| FSC |
Fuel Surcharge |
Sea freight charges which represents additions due to oil prices. |
| GRI |
General Rate Increase |
Maritime freight surcharge as part of an adjustment of freight rates on some selected trade routes. |
| ICD |
Inland Container Depot |
Surcharge applied by shipping companies for different services provided at DEPOTs, which act as intermodal terminals in the interior of the country. |
| ISPS |
International Ship and Port Facility Security Code |
it prescribes responsibilities to governments, shipping companies, shipboard personnel, and port/facility personnel to detect security threats and take preventative measures against security incidents affecting ships or port facilities used in international trade |
| LOC |
Liner Out Charges |
Surcharge due to costs evolution in some West African ports. |
| LSFS |
Low Sulfure Fuel Surcharge |
Surcharge for vessels operating in the UE area. |
| PCS |
Panama Canal Surcharge |
Surcharge applied to cargo transiting through the Panama Canal |
| PSS |
Peak Season Surcharge |
It is a surcharge of a transport network in periods of peak demand to reduce traffic congestion. |
| RAC |
Restrict Air Cargo |
Surcharge applied to restricted air cargo transport. |
| Rec. Peso (OWS) |
Over Weight Surcharge |
Surcharge that is charged by shipping companies for transporting heavy containers. Generally applies to 20′. |
| SCTF |
Suez Chanel Traffic |
Surcharge for ships passing through the Suez Canal. |
| SMD |
Security Manifest Documentation Fee |
Steamship lines charge this concept per B/L not per container |
| SRC |
Civil Responsibility Insurance |
Compulsory impact of forwarding company liability insurance. |
| T/T |
Transit Time |
Transit Time is the Carrier´s estimation of sailing days from Port of Loading to Port of Discharge, and is subject to change without notice. |
| THC |
Terminal Handling Charge |
The fixed amount that shipping conferences oblige shipowners to charge their clients for the handling of goods at the port terminal. |
| WRS |
War Risk Surcharge |
Following to the international situation and to the risk of war, Shipping Lines apply a WAR RISK SURCHARGE to recover the extra costs that are going to bear; such surcharges change according to the contingent situation and are also applied without any warning. |
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