What is CY and CFS in shipping?

What is CY and CFS in shipping?

In case of international shipping, CY is Container Yard and CFS is Container Freight Station. Container Yard is a place where containers are stored before loading on to the vessel or after unloading from the vessel/ship after it arrives at Port.21-May-2018

What does CFS stand for in shipping terms?

Container Freight Station

What is the difference between CFS and CY?

Container Yard (CY) A container yard is a dedicated area for full container load (FCL) containers whereas a CFS caters to both LCL and FCL shipments. A CY is located within the port, unlike a CFS, which is located close to a port or terminal. A CFS picks up empty containers from a CY for FCL and LCL export shipments.18-Sept-2020

What is Cy Cy shipment?

CY/CY refers to the second leg (carriage) of the process of ocean shipping. If the shipment is done on the basis of CY/CY terms, whatever happens before the CY at load port remains the responsibility of the shipper and whatever happens after the CY at the discharge port remains the responsibility of the consignee.19-Apr-2018

How is CFS charges calculated?

Handling charges for container more than 40' length will be 200 per cent of the charges applicable to containers upto 20 ft in length. (v). Storage/ground rent charges for containers more than 40' in length will be 300 per cent of the charges applicable to containers upto 20 ft in length.

What is CBM in shipping?

cubic meter

What is CFS export?

CFS stands for Container Freight Station and refers to a warehouse where cargo that belongs to various exporters or importers is consolidated or deconsolidated before being exported or imported.30-Apr-2019

What is LCL freight?

LCL is an acronym used in logistics, which means 'Less than Container-Load'. LCL is used when a single shipper's goods do not completely fill an entire container. When this happens, in order to fill an entire container, space in the container is split between orders and/or shippers.

What is FCL FCL in bill of lading?

FCL is an acronym used in logistics, which means 'Full Container-Load'. This means goods from a single shipper occupy the entire container.

How much does CFS cost?

$75 - $300 per hour. CFS provides services to a diverse clientele. The cost of any CFS service or program is based on an hourly rate of $75 - $300.

What is VGM in export?

The VGM (Verified Gross Mass) is the total weight of the container (cargo and tare weight). This information is usually submitted in the Shipping Instruction.

What is a VGM fee?

Verified gross mass (VGM, for short, sometimes referred to as verified gross weight) is the combined weight of an ocean shipment's cargo, dunnage and bracing (material used to keep cargo in position in a ship's hold), plus the tare weight of the container.

How many CBM is 1 kg?

EQUIVALENCE: 1 CBM = 1.000 KG.

How many CBM is a 40FT container?

A standard 40 ft container is about 2.4 m × 2.4 m × 12 m. To calculate CBM, we need to multiply the dimensions together to get 69.12 cubic meters.03-Aug-2022

What is CBM of 20 ft container?

33 cubic metres

Why CFS is important in shipping?

Role of CFS while Exporting Goods As explained above, a CFS is responsible for the consolidation of cargo and stuffing it in containers before the goods are shipped. This process reduces congestion at the port of origin and ensures that the cargo is shipped efficiently.29-Aug-2020

What is LC shipment?

This is where a letter of credit or LC comes in handy. It is a guarantee issued by a bank for payment to the buyer while ensuring that the goods are shipped in good order. A letter of credit is a banking instrument that guarantees payment from the buyer to the seller.12-Jul-2021

Is FCL cheaper than LCL?

LCL costs more than FCL per unit of freight. That's because freight agents prefer a full container load -- it's easier for them than figuring out how to bundle many LCL shipments in a full container.

How do you calculate CBM and LCL?

CBM – cubic meter is calculated by multiplying length, width and height of packages of goods. For example, if the length, height and width of a cargo is 2.3 meters, 1.4meters and 2 meters respectively, the volume of cargo is 2.3 X 1.4 X 2.00 = 6.44 CBM.01-Jun-2022

What is LCL vs FCL?

An FCL shipment is used when a shipper bears the cost of the entire container and uses it exclusively for a single shipment, even if they do not have enough goods to fill it up. On the other hand, an LCL shipment means shippers share the containers with other shipments and only need to pay for the space used.

What is LCL basis?

LCL stands for less than a container load and describes sea shipping for cargo loads not large enough to fill a full 20ft or 40ft shipping container. Since LCL shipments fill less than a full 20ft or 40ft shipping container, these are grouped with other cargo.

What is CY and CFS in shipping?