Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

EES Study > DEFINITIONS > Flashcards

DEFINITIONS Flashcards

1
Q

ACBPS

A

Australian Customs & Border Protection Service - Manages security & integrity of Australia’s borders.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Agent

A

A person authorised to transact business for and in the name of another person or company.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

AQIS

A

Australian Quarantine Inspection Service - Government body protecting Australia from contaminated fauna & flora

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

B/L

A

Bill of Lading - Acts as receipt for the cargo, issued by the carrier. Contains the terms of the contract of carriage & is a document of title to the goods.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Bonded Warehouse

A

A place of security approved by the custom authorities for the deposit, keeping & securing of goods liable to excise duty, without payment of this duty.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Box

A

Colloquial name for a shipping container

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Break Bulk

A

Goods shipped loose/in individual units

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

CAN

A

Customs Authority Number - Number given by customs upon the clearance of export goods.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Cartage

A

Refers to the intra-city haulage of goods on trucks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

CEU

A

Car Equivalent Unit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

CFS

A

Container Freight Station (packing depot)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

COO

A

Certificate of Origin - Document certifying the country of origin of goods which is normally issues or signed by a Chamber of Commerce or Embassy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

CI

A

Commercial Invoice - Formal record of a transaction between importer & exporter. Who bought what and from who. CI is the final copy of the invoice and cannot be altered.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

CRN

A

Customs Register Number - number allocated by customs to an export agent or freight forwarder for use when exporting goods on the same shipment from more than one shipper.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Cut Off Date

A

The last date for which goods can be accepted for a nominated vessels sailing.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

CNEE

A

Consignee - The buyer/client, having legal title to the goods.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

CNOR

A

Consignor - Shipper

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Consignment Note

A

Describes a consignment moving from one point to another, also known as advice or dispatch note or con note.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

CTO

A

Container Terminal Operator (wharf/port/berth)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

DAFF Biosecurity

A

Department of Agriculture, Fisheries and Forestry - aims to protect and enhance the sustainability, profitability and competitiveness of Australia’s agriculture, food, fisheries & forestry industries.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Demurrage

A

A storage fee that occurs when a containers “free time” has been exceeded.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

EDO

A

Electronic Delivery Order - document given to the party surrendering the original B/L, authorizing them to take delivery of the goods.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Excise Duty

A

A tax on certain goods produced or manufactured in Australia. Incl. Alcohol, fuel, petroleum & tobacco.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Drawback

A

Repayment of a duty upon re-exportation of goods previously imported

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Duty

A

A particular percentage (depending on commodity) of the FOB value, which is paid to the government. FOB value is the cost of the goods + charges to get goods onto vessel.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

ETA

A

Estimated Time of Arrival - Expected Date/hour the goods will arrive at a nominated point/port

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

ETD

A

Estimated Time of Departure - Expected date/hour the goods will depart from a nominated point/port

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

FAK

A

Freight, All Kinds - FCL of mixed shipments for different consignees.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

FCL

A

Full Container Load - Shipper utilises all the space in a container which he packs himself.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

FCX

A

FCL shipments from multiple suppliers for the one consignee

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

Flat Rack

A

Container bottom specifically for heavy lifts and over width cargo. Noncontainerizable cargo can be accommodated on several flats positioned side by side.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

Freight

A

The amount of money payable for the carriage of goods. Sometimes erroneously used to describe the goods, which are more correctly described as “cargo” in marine transportation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

FI

A

Forwarding Instruction - Provides details of the parties involved, the cargo, and its transportation requirements.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

GP

A

General Purpose - A closed steel container for the carriage of all types of general, non-hazardous cargo.

35
Q

GST

A

Goods & Service Tax - 10% of the CIF value + duty amount. (cost of goods, marine insurance & freight amount to destination port) + duty.

36
Q

Hazchem Code

A

Hazardous chemical code placed on tankers carrying dangerous chemicals.

37
Q

Hi-Cube

A

Container which is slightly (bigger) higher than a GP container.

38
Q

HBOL (HBL)

A

Contract between the supplier/consignee. Issued by a freight forwarder or consolidator.

39
Q

ICC

A

International Chamber of Commerce - Organisation designed to promote international trade & growth.

40
Q

IMDG Code

A

International Maritime Dangerous Goods Code - contains the IMO recommendations for the carriage of dangerous goods by sea.

41
Q

IMO

A

International Maritime Organisation - a UN body charged with the duty of making safety and anti-pollution conventions and recommendations concerning sea transport

42
Q

Incoterms

A

List of standard terms stated by the ICC for all foreign trade contracts, lists the respective responsibilities of the buyer and seller.

43
Q

L/C

A

Letter of Credit - a contractual commitment by the buyer’s bank to pay once the exporter ships the goods and presents the required documentation to the exporter’s bank as proof.

44
Q

LCL

A

Less than Container Load - When goods do not fill an entire container. The consignee only pays for their portion of the container space.

45
Q

Manifest

A

List of goods or passengers on a vessel/aircraft

46
Q

Notify Party

A

The party that receives the cargo arrival notice

47
Q

OOG

A

Out of Gauge - Goods whose dimensions exceed those of the container in which they are packed.

48
Q

PKL

A

Document required by AQIS which states how the shipment has been packed with regards to straw, timber and bark. The packing declaration must be completed in full including a numerical link i.e. container or bill number and issued on suppliers own letterhead to be accepted by quarantine.

49
Q

POD

A

Place of Discharge - The place where goods are discharged and carriers’ liability ends.

50
Q

PRA

A

Pre Receival Advice - The electronic lodgment to the wharf for notification of a container coming in for export.

51
Q

PCTC

A

Pure Car &Truck Carrier

52
Q

RO/RO

A

Roll On Roll Off - A vessel onto which goods can be driven, via ramp

53
Q

Reefer

A

Refrigerated Container - Controlled temp containers, usually transporting food & drink.

54
Q

Shipper

A

Person who tenders the goods for carriage, not to be confused with the party issuing the bill of lading or the vessel operator, who is the carrier.

55
Q

TEU

A

20ft Equivalent Unit

56
Q

Transshipment

A

When cargo is discharged from one ship and loaded onto another. Used as a cheaper alternative OR if there is no direct route between origin & destination. In order to reach a port of no direct service or as a cheaper alternative to the direct service.

57
Q

WCI

A

World Container Index

58
Q

Waybill

A

Equivalent to Bill of lading, but for air freight. Acts as receipt of goods and evidence of the contract for carriage, for airfreight only.

59
Q

DG

A

Dangerous Goods - Goods that are a risk to health, safety, property or the environment.

60
Q

HS Code

A

Harmonized System Code - Global system used to classify goods.

61
Q

Detention

A

The length of time allocated for collecting CNTR from port, unloading it and returning it to the port.

62
Q

EBIT

A

Earnings Before Interest & Tax

63
Q

Port Pair

A

Two ports that are involved in a specific trade route/lane. Origin & Destination Ports.

64
Q

GRI

A

General Rate Increases - Periodic increase of rates. Influenced by cost of fuel, shipping capacity, market cost etc.

65
Q

POL

A

Port of Loading - The port that the goods are loaded onto the vessel

66
Q

Free Time

A

The length of time that a container can be stored at the port, free of charge.

67
Q

Detention Charge

A

An extra fee, charged if the container is not returned to the port in the allocated time frame.

68
Q

Cross Dock

A

When goods are unpacked at a facility, transferred onto delivery vehicle (truck, van etc.) and then sent straight out to the destination. Facility doesn’t actually “receive” the goods into warehouse - unpack and send only,

69
Q

BCN

A

Buyers Consolidation - When buyer has several LCL shipments, can be consolidated into one FCL - saves time, less risk & can be cheaper.

70
Q

Seal #

A

The number engraved on the containers tamper proof seal. Number must match the one on the documents, otherwise it has been tampered with.

71
Q

ICD

A

Inland Container Depot - A dry port that handles containers, transporting them to vessels by road or rail.

72
Q

AP

A

Account Protection - Agreements with shipping lines to protect space on vessels (guaranteed TEU). Specific TEU, ports & routes vary depending on agreement.

73
Q

W/M

A

Weight or Measurement - Cost is calculated on either per tonne or per cubic meter, whichever is greater.

74
Q

SBL

A

Switch Bills of Lading - A second bill of lading that replaces the first

75
Q

Cleanskin

A

All docs & labels and evidence of supplier are removed from the package prior to delivery at final destinatin. This is done when the consignee has sold the goods and doesn’t want the purchaser to know where the goods are supplied from.

76
Q

Triangle Shipment

A

When goods are sold during the shipment. Uses a switch bill of lading to update the changes such as new consignee, to show who is liable for the goods.

77
Q

Doors Cab

A

When the container is positioned on the trailer so that the doors face the cab of the truck

78
Q

Doors Rear

A

When the container is positioned on the trailer so that the doors face the rear of the truck.

79
Q

Drop Trailer

A

When the whole trailer is disconnected and left behind - rather than just removing the container

80
Q

Volumetric Weight

A

The calculation of weight based on its cubic metreage. (1cbm = 167kg)

81
Q

UN Number

A

Shows that the goods are hazardous and identifies the DG.

82
Q

Curtain Sider

A

When the sides of the truck are curtained to allow side access to load/unload goods

83
Q

Low Loader

A

When the trailer is below standard height to allow for taller goods to be carried, without exceeding height restrictions.

84
Q
A

EES Study (26 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions