Summary table of the INCOTERMS® 2020 Rules applicable from January 1, 2020, to the contractual relationship between Seller and Buyer accurately indicating the point of transfer of the risk of loss and damage to goods from Seller to Buyer.
A container is essentially a standard iron, aluminum or fiberglass box that is used for loading goods. They are normally transported on purpose built vessels (container ships) or on other adapted vessels.
Containers are currently constructed in three base sizes (length) measured in feet – 20, 40 and 45. There are slight size variations so dimensions should be confirmed.
Depending on their use, containers have different specifications, and we now indicate the types of containers most commonly used:
Normal Containers – Also called Boxes, they are used for almost any type of dry cargo. The most commonly used abbreviations are GP’s (General Purpose) and DV’s (Dry Van).
Open Top Containers – For ease of loading and unloading they are opened on top and the iron roof is replaced by a tarpaulin. Some companies have containers that call themselves “Hard Top” where the canvas is replaced by a hard material. The abbreviation is OT or CV (Canvas).
Refrigerated Containers – As the name implies are containers that are used to transport refrigerated cargo. They are usually made of fiberglass or aluminum, and the walls are thermally insulated. They may have one or two engines (electric and / or combustion). The abbreviations INT (Integrals) or RE (Reefer) are commonly used.
Open Side Containers – Containers in which one of the side walls has been replaced by a movable tarpaulin to facilitate loading and unloading. Abbreviation OS.
High Cube Containers – These are 40 ‘containers but instead of the normal height – 8’6 “- they are 9’6” (nine feet and six inches). These containers are mainly used in light loads where cubication is a determining factor. They are also known as “Jumbos” and the abbreviation is HC (High Cube) or HV (High Van).
“Reefer High Cube” Containers – This is a 40 ‘reefer container with a height of 9’6 “.
Flat Containers – Containers specially designed for large goods. The roof and side walls have been suppressed, and the tops may or may not be foldable. The abbreviation FR (Flat Rack) is used.