We’ve put together a list of some of the most commonly used freight and import industry terminology, to make the process a little easier for you.
- AWB (Air Waybill): This is the legal contract between you and the airline or freight forwarder.
- B/L (Bill of Lading): This is the legal contract between you and the shipping line or freight forwarder.
- BAF (Bunker Adjustment Factor): This is a Fuel Surcharge for Sea Freight.
- CAF (Currency Adjustment Factor): This is the exchange rate adjustment between overseas currency and the Australian dollar.
- CFS (Container Freight Station): This is where your cargo is being held while being cleared by Customs.
- CY (Container Yard): You may see this on a bill of lading; it refers to the term Container Yard to Container Yard
- FCL: Full Container Load
- LCL: Less than Container Load
- M/M: Minimum Freight Charge.
- W/M (Weight Measure): This means that your freight is charged on the greater, actual cubic or the weight cubic
- CBM: Cubic Metres
- CABAF: Currency and Bunker Adjustment Factor