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What does it mean?

Often, the meaning of technical terms and abbreviations related to shipping, transport, customs, and Incoterms is not immediately obvious. We have compiled a glossary of shipping lingo to explain the most important terms:

From A to Z

 

ADR

Accord européen relatif au transport international des marchandises Dangereuses par Route; in English: European Agreement Concerning the International Carriage of Dangerous Goods by Road.

 

ADSp

German Freight Forwarders' Standard Terms and Conditions (Allgemeine Deutsche Spediteurbedingungen      / » ADSp)

 

AES(Automated Export System)

As of July 1, 2009, the amended versions of the EU customs regulation and the German Foreign Trade Ordinance stipulate mandatory electronic registration and transmission of export declarations to the customs administration office. The customs authorities expect AES to speed up customs clearance processes and provide faster, easier tracking of export shipments.

 

Atlas

Automated Tariff and Local Customs Handling System

 

B.A.F.

Bunker adjustment factor // balance for changing fuel costs

 

B/L

Bill of Lading

 

C.A.F.

Currency adjustment factor

 

C.F.S.

Container freight station

 

DEMURRAGE

rent of container, if the container is not picked up at the port within a set time

 

DETENTION

rent of container, if the empty container is not returned on time

 

ECS

Export Control System, see AES

 

EMCS

» Excise Movement and Control System

IT-supported movement and control system for » excise goods.

 

e-AD

Electronic administration document for the EMCS.

  

 

EORI-Nummer

Economic Operators´ Registration and Identification number 

EORI number validation

 

E.T.A.

estimated time of arrival

 

E.T.D

estimated time of departure

 

FCL

full container load. The container space is fully occupied by the goods.

 

FCL/FCL

full container load // door to door service

 

FCL/LCL

consignments in one container from one sender for several recipients

 

FEU

fourty foot equivalent unit (40' container unit)

 

INTRASTAT

The Intrastat trade statistics system is used to evaluate the trade in goods between the European countries. The result of the evaluation is published in the form of a balance of trade in order to visualize the economic relationships between the member states (countries) of the European Union. Intrastat declarations are created for every cross-border shipment.

What companies are subject to mandatory reporting?

VAT/sales tax registered companies whose shipments to other EU countries exceeded the value of 400,000.00 euros in the previous year are required to submit monthly reports. If the value threshold is exceeded during the current year, the mandatory reporting requirement takes effect as of the month in which the threshold was exceeded.

 

LCL

Less than (a) container load. General cargo units whose quantity and volume do not occupy the entire container space.

 

LCL/FCL

Several shipping agents and only one consignee (recipient) per container. The container is stuffed (loaded) by the carrier and stripped (unloaded) by the consignee.

 

LCL/LCL

partial deliveries, which are put into one container in the container freight station and then separated at the destination

 

M. S.

Motor Ship

 

NCTS (New Computerised Transit System)

Electronic system for the control and management of Community and common transit processes.

 

POD - proof of delivery = Ablieferbeleg

 

SEED (System of Exchange of Excise Data)

Covering all economic operators within the European Union (EU), this system compiles the data relevant to movement under duty suspension arrangements and makes it exchangeable between the member states (countries). Each member state is required to make its national SEED data accessible to all other member states. At present, the German data is transmitted once daily via a secure data connection to the European Commission. Source: » www.zoll.de

SEED - Excise Authorisation Verification

 

Excise duty

Excise duties are levied for the consumption or use of goods, and include, among others, beer tax, duty on spirits, liquor tax, sparkling wine tax, and taxes imposed on other certain alcoholic beverages (Zwischenerzeugnissteuer).Excise duties can be subject to sales tax/VAT, so that the price of the goods may rise accordingly.

 

Customers who waive insurance (Verzichtskunden)

Customers who take out insurance policies themselves can submit a » waiver and prohibit a forwarding agent, shipping company, or carrier from taking out an insurance policy for their goods.

 

T.H.C.

terminal handling charge // handling costs for container

 

T/T

transit time

 

W/M

weight or measurement // calculation of sea freight based on tonnes or cubic meters, depending which is higher