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LC: LETTER OF CREDIT OR DOCUMENTARY CREDIT
M/V: MOTOR VESSEL...USED TO INDICATE WITH VESSEL NAME.
C/O: GENERALY STANDS FOR 'CARE OF' ..BUT IN SHIPPING TERMS...DOCUMENT NAME 'CERTIFICATE OF ORIGIN'
BAF: BUNKER ADJUSTMENT FACTOR..SHPPING CO. USUALLY ADDS TO FREIGHT CHARGES DUE TO FLUCTUATION OF OIL PRICES
HBL: HOUSE BILL OF LADING, USUALLY ISSUED BY FREIGHT FORWARDERS NOT THE SHIPPING COMPANIES OR THEIR AUTHORIZED AGENTS.
DDU: DELIVERED DUTY UNPAID
CNF: IT IS INCOTERM USED IN INVOICES SHOWING DETAIL OF INVOICE COST WHICH IT
REPRESENTS, COST AND FREIGHT
LC / Letter of credite
TT / wire transfer in banks , and in logistic transit time
POL / port of loading
C/O : certificate of origin
BAF : fees used to calculate ocean freight
HBL / House Bill of loading
CNF / cost and freight (cost including all expensive which is pay to deliver goods till buyer port )
pol :- Port of Loading
T/T:time transit between Ports
LC:-Letter of credit very important in custom clearance
M/V :- vessel name or mentioned Vessel
C/O :-Certificate of origin Certificates of origin vessel that is found in the State Maritime Safety
BAF:Bunker adjustment factor
HBL: House Bill of Lading is issued by the NVOCC/Freight Forwarder to the actual customer
CNF: there's three different abbreviations for it (C&F, CFR, CNF.CIF) but the right one CFR which is mean cost and freight
POL: Port of Loading
T/T: Transit time (Between Port of origin and port of destination including transshipment Port)
LC: Letter of credit
M/V: Mentioned Vessel
C/O: Care of or sometimes it could be used for Certificate of origin (COO)
BAF: Bunker adjustment factor
HBL: House Bill of Lading - When your goods have been booked with a freight forwarder by sea, he as a carrier issues receipts of goods which is called House Bill of Lading (HBL). In turn, freight forwarder books the cargo with vessel owner and collects Master Bill of Lading (MBL) or Groupage Bill of Lading. In a Master Bill of Lading, there can be more than one consignment. Once the cargo reaches at destination, the associate office of freight forwarder delivers cargo to the final consignee.
DDU: Delivered duty unpaid
CNF: there's three different abbreviations for it (C&F, CFR, CNF) but the right one CFR which is mean cost and freight
for more information you can use shipping glossary terms, very usefull
1) what is the name of the customs system used in Qatar for the declaration of goods.?
2) Can you give me one or two name training center of custums broker agent in Qatar?
POL is petroleum oil and lubricants
POL :- PORT OF LOADING
T/T :- TRANSIT TIME
LC :- LETTER OF CREDIT
M/V:- MOTHER VESSEL
C/O :- CARE OF
BAF :- BANKER ADJUSTMENT FACTORE
HB/L :- HOUSE BILL OF LADING
DDU :- DESTINATION DUTY UNPAID
CNF:- CARRIAGE AND FREIGHT
Best regards
Rana Nadeem
Assistant Manager DOCS &
Sales Support Hamburg SUD
United Marine Agencies (Pvt.) Ltd. Lahore
As agent for Hamburg Sud
UAN +-862
Fax +
Cell +
M/V = Motor vessel (Marine vessel)
DDU= All destination charges will be paid by seller except customs/duty
Other sounds nice