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Abbreviations in Logistics

AWB

Air Waybill is an international air freight shipping document. It covers transport of cargo from airport to airport. AWB number used to identify the shipment.

ATA

Actual Time of Arrival

ATD

Actual Time of Departure

BAF

Bunker Adjustment Factor refers to floating part of freight charges which represents additions due to oil prices.

B/L

Bill of Lading is a shipping document used in the transport of goods by sea. It serves several purposes in international trade.

CAF

Currency Adjustment Factor is a fee placed on top of freighting charges, which represents fluctuations in exchange rates between the dollar and other currencies.

CMR

International road freight waybill, which is standardized document for cross-border transport of cargo by road.

ETA

Estimated Time of Arrival

ETD

Estimated Time of Departure

FCL

Full container load is an ISO standard container that is loaded and unloaded under the risk and account of one shipper and only one consignee.

FSC

Fuel Surcharge (mostly used in air freight).

FTL

Full truckload or Full Trailer load

LCL

Less than container load is a shipment that is not large enough to fill a standard cargo container.

LTL

Less than truckload shipping is the transportation of relatively small freight that is not large enough to fill a truck trailer.

SDR

Special drawing rights are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). More info and current exchange rate to USD: http://www.imf.org/external/np/fin/data/rms_sdrv.aspx

SSC

Security Surcharge (mostly used in air freight)

TEU

Twenty-foot equivalent unit is unit of cargo capacity, which represents the cargo capacity of a standard intermodal 20 feet container.

ULD

Unit Load Device is a pallet or container used to load luggage, freight, and mail on wide-body aircraft and specific narrow-body aircraft.

VMI

Vendor Managed Inventory is an inventory management technique in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory of customer.