BLANKET WRAPPED FREIGHT Blanket Wrapped Freight involves wrapping thick blankets around goods to cover and cushion them during shipment. Fuel-surcharge (FSC), Fuel adjustment factor (FAF):This surcharge is assessed by a carrier (steamship line, barge, airline, trucker) in addition to their base freight charge and allows them to maintain long-term rates for transporting cargo with the flexibility to adjust for fuel costs that can be volatile in the short-term.For example, if ocean carrier "X" has a base ocean rate of $3,000 to transport a 20 ft. container of widgets from Los Angeles to Honolulu and their current FSC based on market prices for fuel-oil is 50%, then a surcharge of $1,500 would be applied to their base ocean rate for transporting the container. Talk to us here. Nkurumah Road, Ambalal House / The placement of a freight forwarding order by the Customer is synonymous with a declaration that the shipment does not contain such goods. Forwarders contract with a carrier or often multiple carriers to move the goods.. A forwarder does not move the goods but acts as an expert in the logistics network. The readers can also add more information about terms used in freight forwarding trade below this post. // ]]>. FVD:Full Value Declared. FREIGHT STATUS UPDATE (FSU): Standard CargoIMP message identifier used to notify/update interested parties with a (change of) status of a shipment as recorded in the system of the handling party. Gap analysis: The process of determining and documenting the variance (gap) between goals and current performance. A Freight Forwarder That Delivers. The above details describes about terms called in freight forwarding such as freight forwarder,freight release,freight prepaid, freight,fuel-surcharge,foreign trade zone,fumigation,general rate increase,gateway city etc These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in freight forwarding trade below this post.Terms used in freight forwarding such as description of goods, destuff,detention charge,direct delivery,direct store delivery,distribution,dock receipt . Fulfillment: The act of fulfilling a customer order. FTZ: Foreign Trade Zone or zone includes one or more restricted-access sites, including sub zones, in or adjacent to a CBP port of entry, operated as a public utility under the sponsorship of a zone grantee authorized by the Board, with zone operations under the supervision of CBP. FTHC: Foreign Terminal Handling Charge is a destination fee that is paid to the port of destination to handle the container and is usually paid by the consignee // ]]>, The information provided here is part of Export Import Training course online. The above information is a part of Online international business guide course In the field of shipping and logistics, the common terms used in freight forwarding, as well as the language that appears regularly can add complexities to the shipping process. Out of gauge cargo requires special permits, and special chassis equipment. 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