Related glossary terms

  • Bunker adjustment factor (BAF)

    Bunker Adjustment Factor (BAF) is the carrier surcharge that recovers fluctuating fuel costs on ocean freight. Learn how BAF is calculated and disputed.

  • Fuel Surcharge (FSC)

    Fuel Surcharge (FSC) is an extra fee added to base freight charges to offset carrier fuel price fluctuations, calculated as a percentage of freight cost or…

  • Vessel Schedule Reliability

    Vessel schedule reliability measures how consistently ships arrive on time. Learn how it drives inventory costs, demurrage risk, and supply chain disruptions.

  • Ocean Freight

    Ocean Freight refers to transporting goods by sea using container ships or bulk carriers, the dominant mode of international trade due to its large-volume…

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