Glossary

Glossary

DEPS Departmental Entry Processing Syseem - the current computerised Customs entry processing system to be replaced by CHIEF (see above)
DGN Dangerous Goods Note.
DOT Department of Trade-Government department with responsibility for shipping and trade.
Delivery order A document authorising delivery to a nominated party of goods in the care of a third party. This document can be issued by a carrier on surrender of the original bill of lading and then used by the merchant to transfer title by endorsement.
Demurrage A charge raised for detaining a vessel, cargo of FCL or carrier’s containers and / or trailers for a longer period than provided for in the tariff or contract
Documentary Credit The basis of international trade by means of which payment is made. against surrenderof specified documents.
Drawback Repayment of duty upon re-exportation of goods previously imported.
ECE Economic Commission for European - UN economic body.
ECU European Currency Unit-a financial unit used for EEC accounting.
EDI Electronic Data interchange - the transfer of structured data from one computer system to another.
EDIFACT EDI for Administration, Commerce and Transport - an organisation responsible to UN ECE for the development of standard EDI massages for Administration, Commerce and Transport.
EDlSHlP An organisation for exchanging data between carriers and merchants by electronic means.
EDP Electronic Data Processing - computer processing of data.
EEC European Economic Community the European Common Market.
EFTA European Free Trade Association.
EHA Equipment Handover Agreement - acknowledging the condition of the carrier's equipment when taking over and returning it.Incorporating contractual terms under which the equipment is taken over.
ESC European national Shippers Councils.
ETA Estimated Time of Arrival ~ lndicated the estimation of the data hour, the carrier believes the cargo vessel or container arrive at a nominated point/port.
ETC Electronic Data Credits - an ideabeing developed by the ED! banking interest Section to facilitate an EDI alternative to documentary credits.
ETD Estimated Times of Departure (see ETA).
FAK Freight All Kings-a system where by freight is charged per container, irrespective of nature of goods and not according to tariff.
FCL Full Container Load - an arrangement whereby the shipper utilises all the space in a container which he packs himself. "FCLdoor (or house)/LCL depot" would describe a movement where a hulier, who was the sub-contractor of the carrier. took an empty container to a shipper’s promises for packing by the shipper and then to haul the loaded container back to the container yard At the importing end. the loaded container would then the be unpacked at the CTO’s depot by the subcontractor of thecarrier, who would effect delivery to the consignee’s premises, “FCL port (or pier)/FCL depot“ is when the carrier receives from the shipper at the vessels side a container packed by the shipper and delivers same to the consignee to take it to his premises for unpacking and subsequent return of the empty container to carrier‘s depot.
FFI For Further instruction - used in the “delivery” box of a bill of lading when final destination is still uncertain at time of shipment/booking.
FMC Federal maritime Commission - US Federal Authority Governing sea transport.
FOB Free On Board - a Conventional port~to-port lNCOTERM terms of sale (see above)
Feeder Vessel A short-sea vessel used to fetch andcarry goods and container to and form deep-sea ports/vessels.
Freight The amount of money payable for the carriage lo gods. Sometimes erroneously used to describe the goods which are more correctly described as“ cargo in marine transportation.
Freight Ton The weight/volume on which freight is charged.
GA General Average.
GATT General Agreement on Tariffs and Trade-an international Multilateral agreement embodying a code of practice for fair trading in international commerce with headquarters in Geneva.
GCA Gold Clause Agreement - an agreement relating to the interpretation of COGSA i924 and the Hague Rules between certain insurers, cargo interest, cargo interest and British shipowners, agreed in I950 but abandoned on the 3 l st may l 988.
Groupage Consolidation of several LCL consignment into a container.
H/L Heavy Lift.
Hague Rules The i924 international Convention on Carriage of Goods by Sea.
Hague-Visby Rules The I968 Revision on the Hague-Rules.
Hamburg Rules The i978 UNCTAD revision ofthe Hague-Rules.
House or Door A movement staring or finishing at the customer‘s premises. Thus, “House/House" or “Door/Door” starts at the shippers premises and ends at the consignee's premises.