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Glossary
3PL(3rd Party Logistics)
Third-party logistics (3PL) is a comprehensive logistics service in which a third party, separate from the consigner and consignee (carrier, etc.), oversees various operations such as pickup, delivery, transportation, warehousing, and inventory management on behalf of the manufacturer. Recently, numerous manufacturers have ventured into the service, which has been traditionally dominated by freight forwarders, driven by a supply chain management (SCM) perspective.
B/L(Bill of Lading)
Bill of Lading A Bill of Lading is a shipping document that indicates the terms and conditions of transportation agreed upon by the shipowner and shipper that shows that the cargo has been loaded on a ship or received for loading. This is a document of title representing a commitment to transport the cargo in accordance with the specified conditions and to deliver it in exchange at the designated port of discharge. A Bill of Lading issued upon acceptance of intermodal transportation is called a Through Bill of Lading.
CFS(Container Freight Station)
A Container Freight Station (CFS) is a facility where cargo is either loaded into containers, unloaded from containers, or consolidated. It is a warehouse where shipping companies separate individual cargoes from mixed small lot containers, or consolidate small lot cargoes into containers.
CY(Container Yard)
A Container Yard is a facility for storing and delivering the containers accepted.
FCL(Full Container Load)
FCL is a form of transportation in which one shipper rents one container exclusively.
FOB(Free on Board)
FOB refers to the terms of a trade contract where the consignee is responsible for paying freight and insurance and has the authority to make loading decisions. This is known as “Free on Board.” Under FOB, the shipper assumes the risk up to the point of embarkation, and the consignee assumes the risk thereafter. In this case, freight is payable upon delivery. Conversely, the terms under which the shipper bears the cost of freight and insurance are known as CIF, or Cost Insurance Freight.
NACCS(Nippon Automated Cargo And Port Consolidated System)
Information processing system for cargo customs clearance This system is dedicated to faster and more efficient customs clearance of imported/exported cargo and related works. The system is administered primarily by the Nippon Automated Cargo And Port Consolidated System, an entity authorized by the Ministry of Finance. The system offers SEA-NACCS for marine cargo and AIR-NACCS for air cargo.
Ro/Ro(Roll on / Roll off)
Roll-on/roll-off is a loading and unloading method that allows cargo to be driven directly onto a vessel to a designated location without the need to unload trucks or trailers using ramps (entrances) located at the side, stern, or other designated points on the vessel. All the vessels in our fleet use this method, as the elimination of reloading significantly reduces loading and unloading times, making it particularly suitable for the efficient transportation of vehicles.
SCM(Supply Chain Management)
Supply Chain Management (SCM) is a management strategy to improve the efficiency of a sequence of operations, including development, procurement, manufacturing, delivery, and sales, by creating a seamless link between suppliers and consumers. The goal is to optimize the entire process by integrating information from supply and demand planning all the way to the end user, the final destination.
THC(Terminal Handling Charge)
Terminal Handling Charge (THC) includes the costs associated with handling containers within the terminal, including yard storage, crane usage, and movement within the yard. THC is generally charged at both the loading and unloading points and represents a unique cost in container transportation.
YAS(Yen Appreciation Surcharge)
YAS (Yen Appreciation Surcharge) is a fee implemented to offset the impact of a strong yen. This is an additional currency exchange fee introduced by Asian alliances and agreements as an alternative to a currency surcharge, specifically designed to mitigate the effects of a strong yen. This surcharge is applied when the value of the dollar exceeds 120 yen.
Shed
A shed is a facility designed for the temporary storage of ocean cargo. Import/export cargo is brought in for customs clearance and short-term storage. The primary function of this facility is cargo handling, which distinguishes it from a warehouse, which is primarily for storage.
Co-Load
Co-load refers to the cooperation of two or more carriers to consolidate mixed cargo into a single container for consolidation purposes.
Consolidation
Consolidation is the process of combining two or more types of cargo from two or more shippers into a single container.
Chassis
A chassis is a truck or rail car designed for loading containers. It consists of axles, wheels, suspension system, braking system, and other essential traveling components. Using a chassis for transportation reduces the need for frequent container reloading and minimizes the risk of container damage.
Panamax
Panamax refers to ships with dimensions that allow them to pass through the Panama Canal. These vessels normally have a maximum width of 32.2 meters, a deadweight tonnage of 50,000 to 80,000 tons, and a maximum length of approximately 280 meters. A ship that was not built with the intention of transiting the Panama Canal is referred to as an "Over Panamax".
Berth Term
Berth term refers to the terms of a transaction where a carrier is responsible for the cost of loading and unloading cargo on board a vessel with respect to cargo loaded on a liner vessel. In such cases, the shipping company delegates the cargo handling responsibilities to a general port transportation carrier, such as our company.