International transportation industry, like other industries, has specific and unique symbols and abbreviations. Familiarity with these symbols can be useful for those interested in the international transportation industry. In this article, we address the most important symbols.
c.c.t = abbreviation for Common Custom Tariff, meaning the common customs tariff.
C & f = abbreviation for Cost & Freight, meaning the price of the goods including the cost of goods and transportation and insurance until delivery at the destination port.
CIF = abbreviation for Cost, Insurance, and Freight, meaning the value of cargo insurance and the cost of transporting goods (freight). In this method, the seller is obligated to pay the cost of marine cargo insurance against loss or damage.
CIP = abbreviation for Freight or Carriage and Insurance Paid to, meaning that the freight and insurance costs are paid to the destination, and the seller’s responsibility ends after the goods are delivered to the first carrier.
CMR = abbreviation for Convention Merchandises Routiers, meaning the international road transportation contract for goods.
CMR TRUCK By way bill = refers to the waybill for truck transportation.
Cabotage = the transportation of goods between ports of the same country, referring to the transport of goods from one port to another along the coast and coastal trade.
Carrier = refers to the goods carrier. Carrier is one of the most important duties of international transportation companies.
Forwarder = refers to forwarding services where a person or a legal entity, for a fee, arranges the transfer of goods from one country to another.
B/L Received for shipment = refers to the Bill of Lading. All goods need a Bill of Lading to exit the border.
D.A.F = abbreviation for Delivered at Frontier, referring to the operation of delivering goods at the frontier entry point of the destination.
D.C.P = abbreviation for Freight or Carriage Paid to, in this method, the freight charges to the destination are paid, and the seller’s responsibility ends after delivering the goods to the first carrier.
D.D.P = abbreviation for Delivered Duty Paid, referring to the operation of delivering goods at the destination after customs duties have been paid.
E.A.R = abbreviation for Erection All Risk Insurance, referring to insurance for damage claims in the event of accidents and all disasters and risks.
F.A.S = abbreviation for Free Alongside Ship, referring to the operation of delivering goods alongside the carrier’s vehicle.
F.I.O = abbreviation for Free In and Out, meaning all costs for loading at the origin and unloading at the destination are the responsibility of the buyer.
F.O.A = abbreviation for Free On Airport, referring to the price based on delivery of goods to the air carrier at the origin airport.
F.O.B = abbreviation for Free On Board, referring to the price based on delivery of goods on the ship’s deck.
F.O.R = abbreviation for Free On Rail, referring to the price based on delivery of goods on the train’s wagon.
F.O.T = abbreviation for Free On Truck, referring to the price based on delivery of goods on the truck.
F.P.A = abbreviation for Free From Particular Average, referring to insurance without commitment for compensating specific damages.
