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What is the meaning of the following abbreviations: POL - T/T - LC - M/V - C/O - BAF - HB/L - DDU - CNF ?

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Question added by Mohamed Shama , Senior customer service documentation , Hapag-Lloyd Egypt
Date Posted: 2014/05/07
Sheikh Mokhtar Hussain
by Sheikh Mokhtar Hussain , Officer In Charge, Exports , The Saudi British Bank - Sabb

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

 

 

 

 

 

 

 

Rehab Mohamed
by Rehab Mohamed , Import & export , Bernasos Stationery

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 )

mohamed badawy
by mohamed badawy , Head Of Operations , Almajdoui Logistics Company

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

  1. Master Bill of Lading (MBL) is issued by the Shipping Line (Carrier) to the NVOCC/Freight Forwarder –  also known as Ocean Bill of Lading
  2. House Bill of Lading will be an EXACT replica of the Master Bill of Lading issued by the actual Shipping line in respect of cargo details.. The only difference will be that the shipper, consignee and notify party details will be different in the HBL and MBLDDU: Delivered duty unpaid  transaction in international trade where the seller is responsible for making a safe delivery of goods to a named destination, paying all transportation expenses but not the duty. The seller bears the risks and costs associated with supplying the good to the delivery location, where the buyer becomes responsible for paying the duty and other customers clearing expenses. 

CNF: there's three different abbreviations for it (C&F, CFR, CNF.CIF) but the right one CFR which is mean cost and freight

 

 

 

 

 

 

 

Mohamed samhan
by Mohamed samhan , Sr. Supply Chain Planner , Hitachi Rail STS

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

 

 

ERIC MARTIAL ANOULE
by ERIC MARTIAL ANOULE , forwarding agent(import-export) , SOCIETE DE DISTRIBUTION ALIMENTAIRE (SODIACAM)

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?

ABDUL RASHID ANSARI
by ABDUL RASHID ANSARI , DY. MANAGER (SHIPPING) , INDIAN OIL CORPORATION

POL is petroleum oil and lubricants

Nadeem Muhammad
by Nadeem Muhammad , Manager Logistics Supply Chain , Sadaqat Limited

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          +

E-Mail      

Web        www.umapakistan.com

 

Muhammad Saleem Ullah
by Muhammad Saleem Ullah , Branch Manager , DHL Global Freight Forwarding

M/V = Motor vessel (Marine vessel)

DDU= All destination charges will be paid by seller except customs/duty

Other sounds nice

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