Answer: If it is a banking related term then the full form is Certified Fund Specialist (CFS) or of it is logistic related term then it's full form is container freight station.
CFS Charge. The charge assessed for services performed at the origin or destination for loading or unloading of cargo into/from containers at a CFS Container Freight Station.
An ICD is generally located in the interiors (outside the port towns) of the country away from the servicing ports. CFS, on the other hand, is an off dock facility located near the servicing ports which helps in decongesting the port by shifting cargo and Customs related activities outside the port area.
CFS charges is a container freight station to handle LCL shipment cargo costs incurred, the charges such as handling LCL shipment cargo transfer, loading stowage, then the less than container cargo is sent to CY container (Container Yard container (container yard)), this is export shipping CFS.
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Container Freight Station (CFS) warehouses are bonded facilities that act as temporary storage for goods that are entering and leaving the country. Ocean Freight: CFS warehouses are primarily used in ocean freight for LCL (Less than Container Load) cargo.
What is a CY-CY Shipment? Often Bills of Lading or Letters of Credit have the terms /CY after the port names on them. CY/CY essentially means 'Container Yard to Container Yard', referring to the Carrier's port or terminal where goods are dispatched and the delivery port or terminal where a consignee accepts the goods.
Factory Stuffing, Direct Stuffing and CFS stuffing are the general terms used by Container Freight Stations in terms of loading goods in to the container. The CFS authorities handling job varies in all the three in turn, their charges to exporters also.
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CFS Charge. The charge assessed for services performed at the origin or destination for loading or unloading of cargo into/from containers at a CFS Container Freight Station.
Terminal handling charges (THC) are effectively charges collected by shipping lines to recover from the shippers the cost of paying the container terminals for the loading or unloading of the containers and other related costs borne by the shipping lines at the port of shipment or destination.
CFS Container Freight Station. The term CFS at loading port means the location designated by carriers for the receiving of cargo to be loaded into containers by the carrier. At discharge or destination ports, the term CFS means the bonded location designated by carriers for devanning of containerized cargo.
CPT – Carriage Paid To (named place of destination)
- AP – Delivered At Place (named place of destination)
- DDP – Delivered Duty Paid (named place of destination)
- FAS – Free Alongside Ship (named port of shipment)
- FOB – Free on Board (named port of shipment)
- CIF – Cost, Insurance & Freight (named port of destination)
FCL/LCL Definition
FCL = Full Container Load. LCL = Less than Container Load, aka Groupage or Consolidation. They are two of common shipping terms used in the international logistics industry for export and import ocean freight cargo. LCL means you share space with others, also share cost.A CY cutoff date is the date by which a container must be gated-in (checked-in) at the container yard before its scheduled sailing.
Free Out (FO) is the international shipping term in ocean freight that indicates that the consignee (recipient) is responsible for the cost of unloading cargo from the vessel at the destination.
What is FCL? FCL (full container load) is an ocean shipment in which the cargo occupies a full container (of any size). An FCL shipment can be stuffed at the supplier, and then trucked directly to the CY (container yard): The container can either be live unloaded at the destination, or the trucker can do a drop.
CY/SD – what does that mean? This describes from where to where the shipping line (that's us) transports the cargo. CY = Container Yard, meaning a terminal (this can be a sea or inland terminal) SD = Store Door, meaning the customer's premises (warehouse, distribution centre etc) So…
CY stands for Container Yard.. In such cases, if the notation of CY/CY is present on the bill of lading, the shipper/consignee will be responsible for any movement, costs or risks before the container is delivered to the carrier at the CY or picked up from the CY..
