Wharfage charges/dues/taxes can be a contentious issue but are usually considered to be for the Shippers/Receivers account and there may also be many other statutory levies on cargo or freight CPT (Carriage Paid To) CPT shipping terms indicate that the seller bears all costs of transporting goods to the port of discharge. tugs, pilots and light dues etc. TheCarrier has responsibility for the cargo … Once again, ask Owners to LILO — Liner in/out (loading and discharging is at liner cost). any responsibility for the speed of loading or discharging. LTHH stands for Liner Terms Hook/Hook (shipping). It would … The Terms are from the perspective of the shipping line and define which services Printer friendly. (for example loading of the vessel, unloading of the vessel, stowage of the cargo in the vessel, trimming of the cargo in the vessel,… )  are included and which services are not included. The longer-term question is whether healthier finances will sway liners to own more of their ships as opposed to leasing them, mirroring the likely pattern on the container-equipment side. Liner Terms is a very ambiguous statement and can be interpreted in a variety of ways in different ports of the world and by different Ship Owners/Agents. (for example loading of the vessel, unloading of the vessel, stowage of the cargo in the vessel, trimming of the cargo in the vessel,… )  are included and which services are not included. This varies widely from country to country and, within countries, from port to port: in some ports, the freight excludes all cargo handling costs while in others the cost of handling between the hold and the ship’s … Personally we would prefer to clearly define the extent of responsibility when quoting on this basis. Allgemeine Österreichische Spediteurbedingungen (AÖSp. Freight rates quoted on a FIOS basis specifi cally exclude all aspects relating to cargo handling operations. that may apply. Liner terms deal with port passage and are applicable to shipping companies. lashing/unlashing, dunnage materials, securing/unsecuring and all costs of presenting to/receiving the cargo from the ship’s side; with the shippers/receivers just bearing the cost of discharging Find. What does LT stand for? It is most important to remember that the “Free” reference is viewed from the Ship Owners point of view - not the Shipper’s. Only the text version published by the shipping line is binding! In this case, the shipper pays the rate of loading the goods on a vessel separately. The Terms are from the perspective of the shipping line and define which services There are many overseas ports which fall into this category and particularly where vessel demurrage rates can vary signifi cantly, Depending on the shipping line or a particular port practice the different surcharges can be added to rate: CAF (Currency Adjustment Factor) is a fee applied to the shipping costs to compensate for exchange rate fluctuations; BAF (Bunker Adjustment Factor) refers to floating part of sea freight charges which represents additions due to oil … The cost of unloading the vessel at the port of destination are included. Full Liner Terms are the conditions for transporting goods by sea. They include within the marine freight, costs incurred "from under ship's tackle", docking and on board. FULL LINER TERMS: SHIPPING TERMSSHIPPING TERMS Liner termsLiner termsterms gate gate The Carrier is responsible for the goods from when they arrive at the terminal gate at the loading port until they depart/exit the gate at the discharging port. LT is defined as Liner Terms (shipping) frequently. Traders are therefore well advised to require full details in advance from carriers. Liner terms refer to conditions under which a shipping company will transport goods. Federal Maritime Commission - US government agency. Liner In / Free Out LIFO (Liner In / Free Out) is FILO in reverse. The rate of shipment includes loading, unloading and cargo handling charge (depending on the port). ), General Austrian Forwarders' Terms and Conditions (GT&C). The terms specify what are included and excluded in the freight rate according to the customs authority of each port. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. How FIO and additional are the stowage cost in the vessel excluded. STOWED): SeaMan Shipping e.U. Am Lindenhof 39/2/9 | 8043 Graz | cost of unloading the vessel at the port of destination are not included (Free Out). Only the text version published by the shipping line is binding! Liner terms are economical. The cost of loading the vessel at the port loading, the stowage- and the trimming Free Out) or FIFO (Free In/Free Out) etc. Dry cargo. Freight rates that include loading/unloading charges according to the custom of the respective ports, which unfortunately varies. This is somewhat a vaguer term given different port practices. The U.S. Government assumes no The cost of loading the vessel at the port loading are included (Liner In) and the How FIOS but includes the trimming cost in the vessel. On this basis, the owner disputed any effect given to Section 331, … Liner Terms. and the cost of unloading the vessel at the port of destination are included (Liner Out). Shore based stevedoring aspects remain the responsibility of the shipper/receiver, however, there are some Owners that may incorporate these costs into their LTHH rate. Related entries. The ship is only responsible for expenses LINER TERMS - GENERAL STATEMENT: The Terms are from the perspective of the shipping line and define which services (for example loading of the vessel, unloading of the vessel, stowage of the cargo in the vessel, trimming of the cargo in the vessel,…) are included and which services are not included. However, the rate of unloading the goods at the destination port will be included. The liner terms clause should be given the legal effect set out in Section 331(2)(3) of the Merchant Shipping Act, which stipulates that when a charter on liner terms has been agreed, any time lost due to congestion will not count as time on demurrage. incorrectly believe that it refers to them. Liner shipping is the most efficient mode of transport for goods. DICTIONARY (1,246) Banking (206) Contracts & Law (176) Customs (81) Documentation (106) Economics (172) … When one ship liner terms, the carrier is responsible for the loading and unloading of the cargo. FLT : Full Liner Terms which when used from a liners perspective means that the liner is responsible for the loading (In) and discharging (Out) costs at the Port of Load and Port of Discharge and basically the liners responsibility and costs commence/ceases at the shoreside where the cargo is made available..) To be absolutely sure of all liabilities, it is always advisable to request that terms clearly and concisely indicate what is/isn’t included in your This is so given that this is a notional point in chartering terms, this is best described as the Shipper/Receiver arranging for delivery/receival of cargo to/from directly under ships hook and the ship paying for the labour to stow the cargo in the vessels cargo holds, as well as on-board lashing & securing and provision of dunnage materials, and to discharge again over the ship FACCOP - Fast as Can Custom of the Port - see FAC - Fast as Can and COP - Custom of the Port. Berth or Liner Terms - It is the condition of carriage followed by a shipping company. Search . Menu Search. Obviously this is of paramount importance where We have a large fleet of owned and leased containers. Services provided by a steamship company or shipping line, under which cargo vessels operate according to a fixed schedule and publicly advertised freight rates. LINER TERMS HOOK / HOOK: Given that this is a notional point in chartering terms, this is best described as the Shipper/Receiver arranging for … Abbreviation to define. Personally we would prefer to clearly Free In / Liner Out refers to the rate of freight excluding the loading rate. Liner Terms is a very ambiguous statement and can be interpreted in a variety of ways in different ports of the world and by different Ship Owners/Agents. FIOS (FREE IN, OUT, CPT replaces the C&F (cost and freight) and CFR terms for all shipping modes outside of non-containerized seafreight.The seller pays for the carriage of the goods up to the named place of destination. W/M; Wharfinger; Wharfage; Wharf; Weight; Categories: Search Terms. Liner terms (LT) Freight rates that include loading /unloading charges according to the custom of the respective ports, which unfortunately varies. It includes the amount payable for freight the cost both for loading and discharge of the cargo from the vessel. Ready for the future of logistics? Many Shippers/Receivers are unaware of these additional costs and do not include them into their costing and consequently may be left with an unexpected considerable expense at This means, the cost of loading goods on board a vessel will not be included in the cost of shipping. … More than 1000 weblinks and 500 acronyms and abbreviations. Liner shipping is the service of transporting goods by means of high-capacity, ocean-going ships that transit regular routes on fixed schedules. Abbreviation to define. There are approximately 400 liner services in operation today, most providing weekly departures from all the ports that each service calls. HOOK: from/reloading to the transport, along with the usual port charges/levies/taxes etc. One recent example: According to Alphaliner, Mediterranean Shipping Company (MSC) has purchased 19 secondhand ships since August with a total capacity of 102,400 TEUs for an aggregate purchase price … Liner Terms is a very ambiguous statement and can be interpreted in a variety of ways in different ports of the world and by different Ship Owners/Agents. Liner Shipping; We have a wide range of containerised solutions to suit to your needs – be it refrigerated cargo, liquids or dry cargo. Key definitions of over 1500 useful international trade terms. On the plus side, the liners’ capacity-management acumen sharply decreases future counterparty risk. particular contract - in layman’s terms. New search features Acronym Blog Free tools "AcronymFinder.com. BERTH LINER SERVICE:A regularly scheduled steamship line with regularly published schedules (ports of call) from and to defined trade areas. Given that this is a notional point in chartering terms, this is best described as the Shipper/Receiver arranging for delivery/receival of cargo to/from directly under ships hook and the ship LTHH is defined as Liner Terms Hook/Hook (shipping) rarely. arising as a result of the ship calling into the port, i.e. Under Full Liner Terms, the freight rate includes loading, lashing, trimming (if any), transport itself and the unloading of the cargo. The Carrier will cover all costs associated with the cargo – reception charges, wharfage, shunting, stevedoring, lashing and ocean freight. The terms dictate which party is responsible for the risks, costs and liabilities associated with the shipment at each stage of the shipping process. While individual ships vary in size and carrying capacity, many container ships can transport as many as 10,000 containers of goods and products on a single voyage. Printer friendly. depending on the size and type of ship nominated to undertake the particular project. We hope you will find it useful. Liner terms or berth terms: In terms of line or pier, it implies that the operations of cargo, stuffing, unstuffing and discharge are … Categories. In this instance, the recipient of the goods at the place of destination must pay for unloading from the ship separately. LINER TERMS HOOK / HOOK If a freight rate is quoted on LINER TERMS HOOK / HOOK basis, it means that the ship is responsible for and bear the cost of the loading, discharging and stowing charges. LINER TERMS HOOK / Seller sees the goods "over the ship's rail" on to the ship which is arranged and paid for by the buyer In the event of LIFO, loading the goods into the ship is included in the freight rate, whereas unloading is not. But longer term, the new normal for liners is a mixed bag for container-equipment lessors. However, the goods are considered to be delivered when the goods have been handed over to the first or main carrier, so that the risk transfers to buyer upon handing goods over to that carrier at … Liner terms is, thus, not yet a standard designation, and may not include cargo handling charges or the costs of moving cargo between the ship´s hold and the quay. Find. However, it generally implies that the freight amount provided includes both shore based and on-board stevedoring, In one year, a single large containership might carry over 200,000 container loads of cargo. A blog for Shipping, linershipping, chartering, maritime history, classification of shipping, bulk shipping, containerization, liquid bulk shipping, shipping terms, shipping statistics, updates of global shipping, ICD, inland container depot, CFS, container freight station, charter party agreement, liner agency agreement, cost items of liner shipping and chartering, multimodal transport, calculation of demurrage and … paying for the labour to stow the cargo in the vessels cargo holds, as well as on-board lashing & securing and provision of dunnage materials, and to discharge again over the ship’s side. We have extensive … Here’s an explanation of what each term means. The loading and discharging rates are a worry only to the ship. abbreviation; word in meaning; location; Examples: NFL, NASA, PSP, HIPAA,random Word(s) in meaning: chat "global warming" Postal codes: USA: 81657, …

There is much less competition in liner shipping than commonly assumed, due to a proliferation of vessel sharing agreements or consortia which provide carriers with the knowledge and capabilities to adjust ship capacity rapidly in line with changing demand

Usually the rate agreed includes a fi xed “free” period of time for loading/discharging operations, after which time a daily demurrage is incurred. Liner terms – Qualification to a freight rate which signifies that it consists of the ocean carriage and the cost of cargo handling at the loading and discharging ports according to the custom of those ports. Personally we would prefer to clearly de fi ne the extent of responsibility when quoting on this basis. Disclaimer This information is disseminated under the sponsorship of the U. S. Department of Transportation in the interest of information exchange. costs are included. Austria. Menu Search. However, Section 331 is not mandatory and may be departed from by contract. Some Shippers get caught out when they read the word “Free” as they LT stands for Liner Terms (shipping). LINER TERMS HOOK / HOOK : This, coupled with our extensive network of liner shipping services, ensure that our customers have a regular and reliable supply of equipment and resources to transport their cargo from port to port. port congestion or stevedoring performance is uncertain. Another very important consideration when booking cargo on FIOS terms is that the ship does not bear | clearly define this aspect. General statement: Liner Terms is a very ambiguous statement and can be interpreted in a variety of ways in different ports of the world and by different ship owners/agents.

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