UFC

Abbreviation for 'Uniform Freight Classification.'

Related Terms

OPERATOR

The holder of a freight contract with a cargo shipper.

CFR

Cost & freight (named port of destination);

FAK

Freight all kin

CIF

Cost, Insurance and Freight (named port of destination).

LCL

A consignment of cargo which is insufficient to fill a shipping container. It is grouped with other consignments for the same destination in a container at a container freight station.

POOLING

The sharing of cargo or the profit or loss from freight by member lines of a liner conference. Pooling arrangements do not exist in all conferences.

LINER SERVICE

Vessels operating on fixed itineraries or regular schedules and established rates available to all shippers. The freight rates which are charged are based on the shipping company's tariff or if the company is a member of a liner conference, the tariff of that conference.

BBB

Before breaking bulk. Refers to freight payments that must be received before discharge of a vessel commences.

BACKFREIGHT

The owners of a ship are entitled to payment as freight for merchandise returned through the fault of either the consignees or the consignors. Such payment, which is over and above the normal freight, is called backfreight.

HOPPER CAR

A freight car used for handling dry bulks, with an openable top and one or more openings on the bottom through which the cargo is dumped.

Related questions

MarineProHelp 2018 - 2022