According to, Incoterms are “an essential part of the daily language of trade”. The following are common acronyms that may be used, each one beginning with either “C”, “D”, or “F”. “C” refers to Costs that the seller is responsible for. “D” refers to Destination, in that goods must arrive at the expected destination. “F” refers to Free of risk, meaning that the seller is responsible for goods being transported.


CFR: Cost & Freight

CIF: Cost, Insurance, & Freight

CPT: Carriage Paid To

CIP: Carriage & Insurance Paid To

DAT: Delivered at Terminal

DAP: Delivered at Place

DDP: Delivered Duty Paid

FCA: Free Carrier

FAS: Free Alongside Ship

FOB: Free On Board

Now and again, we may use words that are not often used in other industries. This glossary acts as a guide to trade vocabulary that can help in understanding certain terms and phrases we often use in the logistics world. To learn more, you can access the Glossary Of Shipping Terms published by the U.S. Department of Transportation and Maritime Administration.

The following is an overview of the vessel types that may be employed to transport goods.


Dry Cargo

General Cargo Vessels

Bulk Carriers


Short Sea Vessels

Specialized Vessels


Tanker Market

Product Tankers

Crude Carriers

Chemical Tankers

Gas Carriers

Asphalt Carriers

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