Shipping abbreviations are commonly used in the logistics industry to refer to different types of shipping arrangements. The abbreviations FOB (Free On Board), CAF (Currency Adjustment Factor), CIF (Cost, Insurance and Freight), DWC (Delivered With Cargo), LBS (Lift Before Shipment), ORL (On Rail Loading) and TSR (Time Sensitive Rate) are all commonly used in the shipping industry. FOB refers to a type of shipping arrangement where the seller is responsible for the goods until they are loaded onto the vessel, CAF is an adjustment made to the cost of goods due to currency fluctuations, CIF is a type of shipping arrangement where the seller is responsible for the cost of the goods, insurance and freight, DWC is a type of shipping arrangement where the seller is responsible for delivering the goods to the buyer, LBS is a type of shipping arrangement where the goods must be loaded onto the vessel before the shipment can take place, ORL is a type of shipping arrangement where the goods are loaded onto a rail car for transport, and TSR is a type of shipping arrangement where the rate is based on the time sensitivity of the shipment.