This document defines various abbreviations and acronyms used in international trade and transportation. Some of the more common ones include:
- INCOTERMS - International commercial terms that define responsibilities of buyers and sellers for delivery, insurance, and other costs.
- FOB - Free on Board, meaning the seller pays for transportation of goods to the named port of shipment.
- CIF - Cost, Insurance, Freight, meaning the seller pays for transportation and insurance to the named port of destination.
- IATA - International Air Transport Association, the trade association for the world's airlines.
- ISO - International Organization for Standardization, sets standards for business, government and society.
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Commercial Terms
This document defines various abbreviations and acronyms used in international trade and transportation. Some of the more common ones include:
- INCOTERMS - International commercial terms that define responsibilities of buyers and sellers for delivery, insurance, and other costs.
- FOB - Free on Board, meaning the seller pays for transportation of goods to the named port of shipment.
- CIF - Cost, Insurance, Freight, meaning the seller pays for transportation and insurance to the named port of destination.
- IATA - International Air Transport Association, the trade association for the world's airlines.
- ISO - International Organization for Standardization, sets standards for business, government and society.
We take content rights seriously. If you suspect this is your content, claim it here.
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AAA Association of Average Adjusters
ABCC Arab British Chamber of Commerce
A/C Account Act of God Any act which could not have been prevented by human care and forethought ADR EU agreement for international carriage of dangerous goods by road AF Advance Freight (such as prior to shipment) AMT Air Mail Transfer AN Advice Note ANF Arrival Notification Form A/O Account Of AP Additional Premium ASEAN Association of South East Asia Nations ASWP Any Safe World Port ASSP Any Safe Suitable Port ATA Admission Temporaries - Temporary Admission ATP Accord Transports Perishable ATR Admission Temporaries Roulette - Temporary Admission on Wheels AV Freight rate based on value of goods shipped AWB Air Waybill BAF Bunkerage Adjustment Factor on shipping rates BB Bill Book BD Bond B/D Bankers Draft BDI Both Days Included B/E Bill of exchange BF Back Freight for goods being returned to point of origin BIFA British International Freight Association BKG Breakage BKGE Brokerage BL Bulk License to cover a trading period, or value B/L Bill of Lading BOND guarantee to Customs for payment of duty or tax BOTB British Overseas Trade Board BP Bills Payable BR Bills Received BS Bill of Sight B/S Bill of Sale BSEC Black Sea Economic Co-operation BSI British Standards Institution BST British Summer Time CAA Civil Aviation Authority CAD Cash against Documents CAF Currency Adjustment Factor for sea freight rates CAP Common Agricultural Policy CARICOM Caribbean Community Carr Fwd Carriage Forward CB Container Base CBD Cash before Delivery Cbm Cubic Meter CCC Customs Clearance Certificate CCCN Customs Co-Operation Council Nomenclature CCM Caribbean Common Market CC/O Certificate of Consignment/Origin C&D Collected & Delivered CD Customs Declaration CDV Current Domestic Value C&E Customs & Excise CE Community European - quality mark on goods CET Central European Time CEN European Standards Office C&F Cost & Freight (not in INCOTERMS 1990) Cf Cubic Feet CFR Cost & Freight (named port of destination) CHIEFS The UK Customs electronic system for both export and import transactions ch pd Carriage Paid ch ppd Carriage Pre-paid C/I Consular Invoice/Certificate of Insurance CIF Cost Insurance & Freight (named port of destination) CIF&C Cost Insurance & Freight & Commission CIFC&I Cost Insurance, Freight, Commission & Interest CIM Contract of movement by International Rail CKD Completely Knocked Down CMR Convention Merchandises Par Routes (conditions for the C/N Consignment Note, Cover Note C/NEE Consignee C/NOR Consignor CO or C/O Certificate of Origin, Cash Order COD Cash On Delivery COM/I Commercial Invoice COMET Committee of Middle East Trade COMITEXTIL Co-Ordination Committee for the Textile Industry in the EU C of O Certificate of Origin, note there are several different types COI Central Office of Information COP Certificate of Posting COTECHNA A London based company engaged in pre inspection CPA Claims Payable Abroad CPD Charter Pays Due CPT Carriage Paid To (named destination) CR Current Rate, Carriers Risk, Compound Risk CRN Customs Registered Number C/S Currency Surcharge CT Community Transit CTC Customs Tariff Code, now harmonized virtually world-wide CTL Constructive Total Loss C/V Certificate of Value C/VO Certificate of Value & Origin CWO Cash with Order CY Currency D/A Documents against Acceptance, Days after Acceptance DAF Delivered At Frontier DAN Deferment Account Number DDP Delivered Duty Paid DDU Delivered Duty Unpaid DEPS Departmental Entry Processing System DEQ Delivered Ex Quay (named port of destination) DES Delivered Ex Ship (named port of destination) DFT Draft DGN Dangerous Goods Note, they vary according to transport mode DK Dock D/N Debit Note/Despatch Note D/O Delivery Order D/P Documents against Payment, Direct Port DS Days after Sight DWT Dead Weight Tonnage DY or DELY Delivery E&OE Errors & Omissions Excepted ECA Economic Co-Operation Administration ECE Economic Commission for Europe ECGD Export Credits Guarantee Department ECI Export Consignment Identifier EDI Electronic Data Exchange EDP Electronic Date Processing EEU European Economic Union EFTA European Free Trade Area EIA European Information Association EIS Export Intelligence Service EOHP Except as Otherwise Herein Provided EOM End of Month EOTA European Organization for Technical Approvals EOTC European Organization for Testing & Certification ETA Estimated Time of Arrival/European Technical Approvals ETD Estimated Time of Departure ETS Estimated Time of Sailing EU European Union EX Examined, Exchanged, Executed, Excluding EXD Examined EXW Ex Works (named place) FAA Free of All Average FAC Forwarding Agents Commission FAK Freight of All Kinds FAS Free Alongside Ship FCA Free Carrier (named place) FCL Full Container Load FCR Freight Forwarders Certificate of Receipt F&D Freight & Demurrage FIATA International Federation of Freight Forwarders Association FIB Free In Bunker FIO Free In and Free Out FIW Free In Wagon FO Firm Order FOB Free On Board FOC Free Of Charge FOD Free Of Damage FOR free on Rail (no longer INCOTERMS 90) FOT Free On Truck (no longer INCOTERMS 90) FOV Free On Vehicle FP Floating open cover marine insurance Policy FP-C Flash Point Celsius FR Freight Release FTA Freight Transport Association or Free Trade Agreements GA General Average GA CON General Average Contribution GATT General Agreement on Tariffs and Trade GRS WT Gross Weight GRT Gross Registered Tonnage GSP Generalized System of Preferences GV Grand Vitesse HAWB House Airway Bill HL Heavy Lift IATA International Air Transport Association IB Invoice Book ICAO International Civil Aviation Organization ICB International Container Depot ICC International Chamber of Commerce ICD Inland Clearing Depot ICPO Irrevocable Corporate Purchasing Order ICS International Chamber of Shipping or Institute of Chartered Shipbrokers ID Import Duty IFF Institute of Freight Forwarders I/L Import License IMF International Monetary Fund IMO International Marine Organization IPR Inward Processing Relief IRC International reply Coupon IRD Inland Rail Depot ISO International Standards Organization LAFTA Latin American Free Trade Organization LASH Lighter Aboard Ship L/C Letter of Credit LCL Less than full Container Load LDG Loading LEC Local Export Clearance LO/LO Lift On / Lift Off MAWB Master Air Waybill MCD Miscellaneous Cash Payment MD Malicious Damage MIP Marine Insurance Policy MR Mates Receipt MT Mail Transfer NAFTA North American Free Trade Area NCV No Commercial Value NEI Not Elsewhere Included NES Not Elsewhere Specified NET WT Net Weight NSSN National Standard Shipping Note N/T Net Terms O/A On Account of OAU Organization of African Unity O/C Open Cover, Open Charter, Over Charge OCTs The Overseas Countries & Territories of member states associated with the EU O/D On Demand or Overdrawn OECD Organization for European Co-Operation & Development OGL Open General License O/O Order Of OP Open or floating cargo insurance Policy OPR Outward Processing Relief O/R Owner's Risk ORD Order OSI Open Systems Interconnection (Computer Standards) OTAR Overseas Tariffs and Regulations P/A Private Account, Particular Average, Power of Attorney P/C Private Current, Percent PIRA Packing Industry Research Association PKD Partially Knocked Down PL Partial Loss PLA Port of London Authority POA Place of Acceptance PO Post Office POD Proof of Delivery Post Entry UK Customs export declaration up to 14 days after shipment PR Parcel Receipt Pre Entry UK Customs export declaration prior to delivering to the carrier RHA Road Haulage Association RN Removal Note RO / RO Roll-On / Roll-Off SAD Single Administrative Document SAE Stamped Addressed Envelope SB Short Bill, payable on demand or sight SCP Simplified Customs Procedure SD Sight Draft, Short Delivery SDBL Sight Draft, with Bill of Lading attached SDR Special Drawing Rights SGS Pre-Shipment Inspection Company Based in Switzerland SITC Standard International Trade Classification SITPRO Simplification of International Trade Procedures Board S/N Shipping Note SOB Shipped On Board SR&CC Strike Risk & Civil Commotion SWL Safe Working Load TARE Weight of a container without goods THE Technical Help to Exporters (dept BSI) TIR Transport International Routers TL Total Loss TMO Telegraphic Money Order TQ Tariff Quota TT Telegraphic Transfer TURN Trader Unique Reference Number (renamed DAN number) U/D Under Deck ULD Unit Load Device UNCTAD United Nations Conference on Trade and Development U/W Underwriter VAT Value Added Tax WA With Average WB Waybill, Warehouse Book W/M Weight or Measure, basis for sea freight rates WPA With Particular Average WR Warehouse Receipt WRO War Risks Only WTO World Trade Organization (formally GATT) YAR York Antwerp Rules (used in marine insurance)