faqs

What does Lo/Lo mean?
Lo/Lo is a common abbreviation of lift on, lift off. It denotes the container going on and off a trailer.

What is a HAWB?
House Airway Bill (as issued by a forwarder).

What is a MAWB?
Master Airway Bill (as issued by an airline or a forwarder on behalf of an airline).

What does PSC mean?
This means Port Service Charge and represents charges imposed by port authorities.

What does THC mean?
Terminal Handling Charge. The cost of physically handling the container at the terminal.

What does B/L mean?
This means Bill of Lading which is the contract of carriage between parties.

What does HB/L mean?
A House Bill of Lading (as issued by a forwarder) which is a contract between parties.

What does CMR mean?
Cargo Management Re-engineering. An Australian Customs initiative for cargo reporting.

What is Compile?
The current name for the software Australian Customs uses for inward cargo reporting.

What are Compile Fees?
Fees charged by Australian Customs under the user pays principle, for their inward cargo reporting.

What does TEU mean?
Twenty Foot Equivalent Unit, be it a GP, Flatrack etc.

What does FEU mean?
Forty Foot Equivalent Unit, be it a GP, Open Top etc.

What is a 74A?
An Australian Customs term for holding cargo pending a possible x-ray or inspection.

What is an INCOTERM?
Standard trade terms used in international contracts.

How many INCOTERMS are there?

Thirteen (13)

• EXW - Ex Works (…named place) 
  
• FCA - Free Carrier (…named place) 
  
• FAS - Free Alongside Ship (...named port of shipment) 
  
• FOB - Free on Board (...named port of shipment) 
  CFR - Cost and Freight (...named port of destination) 
  
• CIF - Cost, Insurance and Freight (...named port of destination) 
  CPT - Carriage Paid To (...named port of destination) 
  CIP - Carriage and Insurance Paid to (...named port of destination) 
  DAF - Delivered At Frontier (…named place) 
  DES - Delivered Ex Ship (…named port of destination) 
  DEQ - Delivered Ex Quay (…named port of destination) 
  DDU - Delivered Duty Unpaid (…named port of destination) 
  DDP - Delivered Duty Paid (…named port of destination)

click here for more information on incoterms