Docstoc

Glossary

Document Sample
Glossary Powered By Docstoc
					                                                          Glossary
Index ........................................................................................................ 1
1    A.................................................................................................... 12
1.1     Act of God .................................................................................................................. 12
1.2     Ad Valorem................................................................................................................. 12
1.3     Add-Ons ..................................................................................................................... 12
1.4     Admirality Court .......................................................................................................... 12
1.5     Advance Against Documents ..................................................................................... 12
1.6     Advising Bank............................................................................................................. 12
1.7     Advisory Capacity....................................................................................................... 12
1.8     Affiliate........................................................................................................................ 12
1.9     Agency ....................................................................................................................... 12
1.10    Agency Agreement ..................................................................................................... 12
1.11    AI ................................................................................................................................ 12
1.12    Air Freightment ........................................................................................................... 12
1.13    Air Waybill .................................................................................................................. 12
1.14    AITA ........................................................................................................................... 12
1.15    All Risk Insurance....................................................................................................... 12
1.16    All-Water..................................................................................................................... 12
1.17    Alongside.................................................................................................................... 13
1.18    AMS............................................................................................................................ 13
1.19    Anti-Rebating.............................................................................................................. 13
1.20    AQ .............................................................................................................................. 13
1.21    AQI ............................................................................................................................. 13
1.22    Arrival Notice .............................................................................................................. 13
1.23    As Freighted ............................................................................................................... 13
1.24    Assignment................................................................................................................. 13
1.25    Assignment of Proceeds ............................................................................................ 13
2       B.................................................................................................... 13
2.1     B/B.............................................................................................................................. 13
2.2     Back Haul ................................................................................................................... 13
2.3     Balance of Trade ........................................................................................................ 13
2.4     Banding ...................................................................................................................... 13
2.5     Bank Draft .................................................................................................................. 13
2.6     Bank Guarantee ......................................................................................................... 13
2.7     Barges ........................................................................................................................ 13
2.8     Barter.......................................................................................................................... 13
2.9     Base Port.................................................................................................................... 13
2.10    Bay ............................................................................................................................. 13
2.11    Bay Plan ..................................................................................................................... 13
2.12    Belly Cargo ................................................................................................................. 13
2.13    Beneficiary.................................................................................................................. 14
2.14    Berth ........................................................................................................................... 14
2.15    Berth or Liner Terms .................................................................................................. 14
2.16    Bill of Lading ............................................................................................................... 14
2.17    Bill of Lading Number ................................................................................................. 14
2.18    Bill of Lading Terms.................................................................................................... 14
2.19    Bolster ........................................................................................................................ 14
2.20    Bonded Warehouse.................................................................................................... 14
2.21    Booking ...................................................................................................................... 14
2.22    Box Rate..................................................................................................................... 14
2.23    Boycott Certificates .................................................................................................... 14
2.24   Break-bulk .................................................................................................................. 14
2.25   Breakbulk Vessel........................................................................................................ 14
2.26   Bulk Carrier ................................................................................................................ 14
2.27   Bulk Containers .......................................................................................................... 14
2.28   Bull Rings ................................................................................................................... 14
2.29   Bunker Adjustment Factor .......................................................................................... 14
2.30   Bunker Surcharge ...................................................................................................... 14
2.31   Bunkers ...................................................................................................................... 14
3      C.................................................................................................... 14
3.1    C&F ............................................................................................................................ 14
3.2    C.I.F............................................................................................................................ 15
3.3    Cabotage .................................................................................................................... 15
3.4    CAD ............................................................................................................................ 15
3.5    Cargo Bays................................................................................................................. 15
3.6    Cargo Receipt ............................................................................................................ 15
3.7    Carrier ........................................................................................................................ 15
3.8    Carrier's Certificate..................................................................................................... 15
3.9    Carrier(s) Containers or Shipper(s) Containers.......................................................... 15
3.10   Carrier, Common ........................................................................................................ 15
3.11   Cash Against Documents (CAD) ................................................................................ 15
3.12   Cash in Advance (C.I.A.) ............................................................................................ 15
3.13   CBM ........................................................................................................................... 15
3.14   Cell ............................................................................................................................. 15
3.15   Cell Guides ................................................................................................................. 15
3.16   Certificate of Analysis ................................................................................................. 15
3.17   Certificate of Inspection .............................................................................................. 15
3.18   Certificate of Manufacture .......................................................................................... 15
3.19   Certificate of Origin..................................................................................................... 16
3.20   CES ............................................................................................................................ 16
3.21   CFS ............................................................................................................................ 16
3.22   CFS Cargo ................................................................................................................. 16
3.23   CFS/CFS .................................................................................................................... 16
3.24   CFS/CY ...................................................................................................................... 16
3.25   Chains and Binders .................................................................................................... 16
3.26   Charter Party .............................................................................................................. 16
3.27   Charterer .................................................................................................................... 16
3.28   Chassis....................................................................................................................... 16
3.29   CHB ............................................................................................................................ 16
3.30   CIA ............................................................................................................................. 16
3.31   CIF (cost, insurance and freight) ................................................................................ 16
3.32   Claim .......................................................................................................................... 16
3.33   Claused Bill of Lading................................................................................................. 16
3.34   Clean Bill of Lading .................................................................................................... 16
3.35   Clean Draft ................................................................................................................. 16
3.36   Collect ........................................................................................................................ 16
3.37   Combined Transport Bill of Lading ............................................................................. 17
3.38   Commercial Invoice .................................................................................................... 17
3.39   Commercial Risk ........................................................................................................ 17
3.40   Commodity Description .............................................................................................. 17
3.41   Company Guarantee .................................................................................................. 17
3.42   Conference ................................................................................................................. 17
3.43   Conference Carrier ..................................................................................................... 17
3.44   Conference Certificate................................................................................................ 17
3.45   Confirmed Letter of Credit .......................................................................................... 17
3.46   Confiscation................................................................................................................ 17
3.47   Connecting Carrier ..................................................................................................... 17
3.48   Consignee .................................................................................................................. 17
3.49   Consignment .............................................................................................................. 17
3.50   Consignor ................................................................................................................... 17
3.51   Consolidated Shipment .............................................................................................. 17
3.52   Consolidator ............................................................................................................... 17
3.53   Consortium ................................................................................................................. 17
3.54   Consular Invoice......................................................................................................... 17
3.55   Consulate Copy .......................................................................................................... 18
3.56   Consulate Legalization ............................................................................................... 18
3.57   Container .................................................................................................................... 18
3.58   Container Load Plan (CLP) ........................................................................................ 18
3.59   Container Number ...................................................................................................... 18
3.60   Container Pool / Depot ............................................................................................... 18
3.61   Container Ship............................................................................................................ 18
3.62   Container Stuffing List (CSL)...................................................................................... 18
3.63   Container Yard ........................................................................................................... 18
3.64   Containerization ......................................................................................................... 18
3.65   Containerized ............................................................................................................. 18
3.66   Contract Rate ............................................................................................................. 18
3.67   Cooper........................................................................................................................ 18
3.68   Corner Casting ........................................................................................................... 18
3.69   Corner Posts .............................................................................................................. 18
3.70   Correspondent Bank .................................................................................................. 18
3.71   Cost Insurance ........................................................................................................... 18
3.72   Countertrade .............................................................................................................. 18
3.73   Credit Agreement ....................................................................................................... 18
3.74   Credit Risk Insurance ................................................................................................. 18
3.75   Cross Docking ............................................................................................................ 19
3.76   Cubic Foot .................................................................................................................. 19
3.77   Currency Adjustment Factor (CAF) ............................................................................ 19
3.78   Customs ..................................................................................................................... 19
3.79   Customs Bonded Warehouse .................................................................................... 19
3.80   Customs Clearance .................................................................................................... 19
3.81   Customs Duty ............................................................................................................. 19
3.82   Customs House Broker (CHB) ................................................................................... 19
3.83   Customs Station ......................................................................................................... 19
3.84   Customs Warehouse .................................................................................................. 19
3.85   Cut Off ........................................................................................................................ 19
3.86   CWO........................................................................................................................... 19
3.87   CY ( Container Yard) .................................................................................................. 19
3.88   CY/CFS (House to Pier) ............................................................................................. 19
3.89   CY/CY (House to House) ........................................................................................... 19
4      D.................................................................................................... 19
4.1    D.F.............................................................................................................................. 19
4.2    D.W. ........................................................................................................................... 19
4.3    D.W.C. ........................................................................................................................ 19
4.4    DAD ............................................................................................................................ 19
4.5    Dangerous Cargo ....................................................................................................... 20
4.6    Dangerous Goods ...................................................................................................... 20
4.7    DAT ............................................................................................................................ 20
4.8    DDC............................................................................................................................ 20
4.9    DDP ............................................................................................................................ 20
4.10   DDU............................................................................................................................ 20
4.11   Dead Freight............................................................................................................... 20
4.12   Deck Cargo ................................................................................................................ 20
4.13   Deconsolidation .......................................................................................................... 20
4.14   Deferred Payment Credit............................................................................................ 20
4.15   Deferred Rebate ......................................................................................................... 20
4.16   Delivery Order (DO) ................................................................................................... 20
4.17   Demurrage ................................................................................................................. 20
4.18   DGR ........................................................................................................................... 20
4.19   Direct Consignment .................................................................................................... 20
4.20   Discharge Port............................................................................................................ 20
4.21   DIT.............................................................................................................................. 20
4.22   Diversion .................................................................................................................... 21
4.23   Dock ........................................................................................................................... 21
4.24   Dock Receipt .............................................................................................................. 21
4.25   Documents Against Acceptance (D/A) ....................................................................... 21
4.26   DOT ............................................................................................................................ 21
4.27   Double Stack Car ....................................................................................................... 21
4.28   Draft (or Bill of Exchange) .......................................................................................... 21
4.29   Draft Sight and Time .................................................................................................. 21
4.30   Drawback ................................................................................................................... 21
4.31   Drayage ...................................................................................................................... 21
4.32   Drydock ...................................................................................................................... 21
4.33   Dunnage ..................................................................................................................... 21
5      E.................................................................................................... 21
5.1    E.A.O.N. ..................................................................................................................... 21
5.2    EDI or EDIFACT ......................................................................................................... 21
5.3    EIR ............................................................................................................................. 21
5.4    Empty Leg .................................................................................................................. 21
5.5    Equalization ................................................................................................................ 21
5.6    ETA ............................................................................................................................ 21
5.7    ETD ............................................................................................................................ 21
5.8    Export Broker ............................................................................................................. 22
5.9    Export Declaration ...................................................................................................... 22
5.10   Export Documents ...................................................................................................... 22
5.11   Export License............................................................................................................ 22
5.12   Export Trading Company ........................................................................................... 22
5.13   Express ...................................................................................................................... 22
5.14   EXW ........................................................................................................................... 22
6      F .................................................................................................... 22
6.1    F.&.D. ......................................................................................................................... 22
6.2    F.P.A. ......................................................................................................................... 22
6.3    FAK ............................................................................................................................ 22
6.4    FAS (free alongside ship) ........................................................................................... 22
6.5    FCL............................................................................................................................. 22
6.6    Federal Maritime Commission.................................................................................... 22
6.7    Feeder ........................................................................................................................ 22
6.8    FEQ ............................................................................................................................ 22
6.9    FEU ............................................................................................................................ 23
6.10   FF ............................................................................................................................... 23
6.11   FFE............................................................................................................................. 23
6.12   FIATA ......................................................................................................................... 23
6.13   FIFO ........................................................................................................................... 23
6.14   FIO ............................................................................................................................. 23
6.15   Flag Vessel................................................................................................................. 23
6.16   Flag Waiver ................................................................................................................ 23
6.17   Flat Bed ...................................................................................................................... 23
6.18   Flat Car....................................................................................................................... 23
6.19   Flat Rack .................................................................................................................... 23
6.20   Floating Cranes .......................................................................................................... 23
6.21   FMC............................................................................................................................ 23
6.22   FMC Number .............................................................................................................. 23
6.23   FOB (free on board) ................................................................................................... 23
6.24   Force Majeure ............................................................................................................ 23
6.25   Foreign Trade Zone.................................................................................................... 23
6.26   Fork Lift ...................................................................................................................... 23
6.27   Forwarder's Cargo Receipt......................................................................................... 23
6.28   Forwarder, Freight Forwarder, Foreign Freight Forwarder......................................... 23
6.29   Foul Bill of Landing ..................................................................................................... 24
6.30   Free Alongside ........................................................................................................... 24
6.31   Free In (F.I.) ............................................................................................................... 24
6.32   Free In and Out (F.I.O.) .............................................................................................. 24
6.33   Free of Capture and Seizure (F.C.&S.) ...................................................................... 24
6.34   Free of Particular Average (F.P.A.) ............................................................................ 24
6.35   Free Out (F.O.) ........................................................................................................... 24
6.36   Free Port .................................................................................................................... 24
6.37   Free Time ................................................................................................................... 24
6.38   Free Trade Zone ........................................................................................................ 24
6.39   Freight Claim .............................................................................................................. 24
6.40   Freight Collect ............................................................................................................ 24
6.41   Freight Forwarder ....................................................................................................... 24
6.42   Freight Release .......................................................................................................... 24
6.43   Freighted B/L .............................................................................................................. 24
6.44   Full Cellular Vessel..................................................................................................... 24
7      G ................................................................................................... 24
7.1    G.R.Wt./G.W. ............................................................................................................. 24
7.2    Gang........................................................................................................................... 25
7.3    Gantry Crane .............................................................................................................. 25
7.4    Gateway ..................................................................................................................... 25
7.5    GATT .......................................................................................................................... 25
7.6    Gear&Tackle .............................................................................................................. 25
7.7    General Average ........................................................................................................ 25
7.8    General Export License .............................................................................................. 25
7.9    Genset ........................................................................................................................ 25
7.10   GO .............................................................................................................................. 25
7.11   GO Warehouse .......................................................................................................... 25
7.12   Goose Neck................................................................................................................ 25
7.13   GRI ............................................................................................................................. 25
8      H.................................................................................................... 25
8.1    Hatch .......................................................................................................................... 25
8.2    Heated Storage .......................................................................................................... 25
8.3    Heavy Lift ................................................................................................................... 25
8.4    Heavy Lift Vessel........................................................................................................ 25
8.5    High Cube Container .................................................................................................. 25
8.6    Holds .......................................................................................................................... 25
8.7    House to House.......................................................................................................... 25
8.8    House to Pier.............................................................................................................. 25
8.9    Hub ............................................................................................................................. 26
8.10   Humping ..................................................................................................................... 26
8.11   Husbanding ................................................................................................................ 26
8.12    Hustler ........................................................................................................................ 26
9       I ..................................................................................................... 26
9.1     I.C.T.F. ....................................................................................................................... 26
9.2     IA / Independent Action .............................................................................................. 26
9.3     IATA ........................................................................................................................... 26
9.4     ICC ............................................................................................................................. 26
9.5     IFF .............................................................................................................................. 26
9.6     IHC ............................................................................................................................. 26
9.7     ILA .............................................................................................................................. 26
9.8     ILO.............................................................................................................................. 26
9.9     ILWU .......................................................................................................................... 26
9.10    IMCO Classification .................................................................................................... 26
9.11    IMDG .......................................................................................................................... 26
9.12    IMO............................................................................................................................. 26
9.13    Import License ............................................................................................................ 26
9.14    Importer ...................................................................................................................... 26
9.15    In-Bond ....................................................................................................................... 27
9.16    Incoterms.................................................................................................................... 27
9.17    Incremental Cost to Export ......................................................................................... 27
9.18    Independent Action .................................................................................................... 27
9.19    Inducement................................................................................................................. 27
9.20    Inland Carrier.............................................................................................................. 27
9.21    Inland Point ................................................................................................................ 27
9.22    Inspection Certificate .................................................................................................. 27
9.23    Interchange ................................................................................................................ 27
9.24    Interchange Agreement .............................................................................................. 27
9.25    Intermodal .................................................................................................................. 27
9.26    IPI ............................................................................................................................... 27
9.27    Irrevocable Letter of Credit ......................................................................................... 27
9.28    ISO ............................................................................................................................. 27
9.29    IT ................................................................................................................................ 27
10      J .................................................................................................... 27
10.1    Jettison ....................................................................................................................... 27
10.2    Joint Venture .............................................................................................................. 28
10.3    Just-In-Time (JIT) ....................................................................................................... 28
11      K.................................................................................................... 28
11.1    KGS ............................................................................................................................ 28
11.2    Knock Down (KD) ....................................................................................................... 28
11.3    Knot ............................................................................................................................ 28
12      L .................................................................................................... 28
12.1    L.&D. .......................................................................................................................... 28
12.2    L.C.L. .......................................................................................................................... 28
12.3    L/C .............................................................................................................................. 28
12.4    Laden on Board .......................................................................................................... 28
12.5    Land-bridge ................................................................................................................ 28
12.6    Lash Barge ................................................................................................................. 28
12.7    Lash Vessel ................................................................................................................ 28
12.8    Lashed........................................................................................................................ 28
12.9    Lashing Equipment..................................................................................................... 28
12.10     Lay Days................................................................................................................. 28
12.11     Legal Weight........................................................................................................... 28
12.12     Letter of Credit........................................................................................................ 28
12.13     Letter of Guarantee ................................................................................................ 28
12.14     Letter of Indemnity.................................................................................................. 29
12.15      License Cargo ........................................................................................................ 29
12.16      Liner........................................................................................................................ 29
12.17      Liner Service........................................................................................................... 29
12.18      Liner Train .............................................................................................................. 29
12.19      Liquidation .............................................................................................................. 29
12.20      Livestock................................................................................................................. 29
12.21      LNG Carrier ............................................................................................................ 29
12.22      Lo/Lo....................................................................................................................... 29
12.23      Load Factor ............................................................................................................ 29
12.24      Load Length............................................................................................................ 29
12.25      Load List ................................................................................................................. 29
12.26      Load Port ................................................................................................................ 29
12.27      Low Boy.................................................................................................................. 29
12.28      LS or LM ................................................................................................................. 29
12.29      LT ........................................................................................................................... 29
13      M ................................................................................................... 29
13.1    M.M ............................................................................................................................ 29
13.2    M/R ............................................................................................................................. 29
13.3    M/T ............................................................................................................................. 29
13.4    M/V or M.V ................................................................................................................. 29
13.5    Manifest ...................................................................................................................... 29
13.6    Marine Insurance........................................................................................................ 29
13.7    Marks&Numbers......................................................................................................... 30
13.8    Mate's Receipt............................................................................................................ 30
13.9    Measurement Ton ...................................................................................................... 30
13.10     Memo B/L ............................................................................................................... 30
13.11     Merchant Haulage .................................................................................................. 30
13.12     Micro-Bridge ........................................................................................................... 30
13.13     Min. B/L .................................................................................................................. 30
13.14     Minimum B/L........................................................................................................... 30
13.15     MLB ........................................................................................................................ 30
13.16     MT .......................................................................................................................... 30
13.17     mt............................................................................................................................ 30
14      N.................................................................................................... 30
14.1    National Carrier .......................................................................................................... 30
14.2    Negotiable B/L ............................................................................................................ 30
14.3    Negotiating Bank ........................................................................................................ 30
14.4    Net Terms................................................................................................................... 30
14.5    Net Weight.................................................................................................................. 30
14.6    Neutral Body............................................................................................................... 30
14.7    No Show ..................................................................................................................... 30
14.8    Non-Negotiable B/L .................................................................................................... 30
14.9    Non-Vessel Operation Common Carrier (NVOCC) .................................................... 30
14.10     NOS........................................................................................................................ 30
14.11     Notify Party ............................................................................................................. 31
15      O ................................................................................................... 31
15.1    OB .............................................................................................................................. 31
15.2    OBL ............................................................................................................................ 31
15.3    Ocean Bill of Lading ................................................................................................... 31
15.4    OCP............................................................................................................................ 31
15.5    Off Dock Location ....................................................................................................... 31
15.6    On Board B/L.............................................................................................................. 31
15.7    On Carriage ................................................................................................................ 31
15.8    On Deck Stowage ...................................................................................................... 31
15.9 Open Account............................................................................................................. 31
15.10  Open Side/Open Top Container ............................................................................. 31
15.11  Open Top Container ............................................................................................... 31
15.12  Opening Bank......................................................................................................... 31
15.13  OS&D ..................................................................................................................... 31
15.14  Out of Gauge .......................................................................................................... 31
15.15  Outbound................................................................................................................ 31
15.16  Over Landed........................................................................................................... 31
15.17  Over the Road Limitations ...................................................................................... 31
16        P.................................................................................................... 31
16.1      P.A.............................................................................................................................. 31
16.2      P.W............................................................................................................................. 31
16.3      Packing List ................................................................................................................ 31
16.4      Pallet .......................................................................................................................... 31
16.5      Particular Average ...................................................................................................... 32
16.6      Pentle Hook ................................................................................................................ 32
16.7      Per Diem .................................................................................................................... 32
16.8      Perils of the Sea ......................................................................................................... 32
16.9      Pier ............................................................................................................................. 32
16.10       Pier to House.......................................................................................................... 32
16.11       Pier to Pier.............................................................................................................. 32
16.12       Piggyback ............................................................................................................... 32
16.13       Pilferage ................................................................................................................. 32
16.14       Pilot Boat ................................................................................................................ 32
16.15       Place of Delivery..................................................................................................... 32
16.16       Place of Rest .......................................................................................................... 32
16.17       Plimsoll Mark .......................................................................................................... 32
16.18       Port Authority.......................................................................................................... 32
16.19       Port of Discharge.................................................................................................... 32
16.20       Port of Entry............................................................................................................ 32
16.21       Port of Loading ....................................................................................................... 32
16.22       Positioning .............................................................................................................. 32
16.23       Power of Attorney ................................................................................................... 32
16.24       Pre-Advice .............................................................................................................. 33
16.25       Prepaid Bill of Lading.............................................................................................. 33
16.26       Prepaid Freight ....................................................................................................... 33
16.27       Price Quotation/ Proforma Invoice.......................................................................... 33
16.28       Prima Facie ............................................................................................................ 33
16.29       Proforma................................................................................................................. 33
16.30       Project Rates .......................................................................................................... 33
16.31       Proof of Delivery ..................................................................................................... 33
16.32       PTI .......................................................................................................................... 33
16.33       Purchase Order ...................................................................................................... 33
17        R.................................................................................................... 33
17.1      Rail Pig ....................................................................................................................... 33
17.2      Rail Ramp................................................................................................................... 33
17.3      Rail Terminal .............................................................................................................. 33
17.4      Rail Yard..................................................................................................................... 33
17.5      Railhead ..................................................................................................................... 33
17.6      Rates .......................................................................................................................... 33
17.7      Rebate ........................................................................................................................ 34
17.8      Received for Shipment B/L......................................................................................... 34
17.9      Reciprocity.................................................................................................................. 34
17.10       Red Clause Letter of Credit .................................................................................... 34
17.11      Reefer..................................................................................................................... 34
17.12      Reefer Plug............................................................................................................. 34
17.13      Retaliation............................................................................................................... 34
17.14      Return Cargo .......................................................................................................... 34
17.15      Revenue Ton .......................................................................................................... 34
17.16      ROE........................................................................................................................ 34
17.17      RORO (ROLL ON-ROLL OFF)............................................................................... 34
17.18      Route ...................................................................................................................... 34
18      S.................................................................................................... 34
18.1    Sailing Schedule......................................................................................................... 34
18.2    Salvage ...................................................................................................................... 34
18.3    Sanitary and Health Certificate................................................................................... 34
18.4    Schedule B ................................................................................................................. 34
18.5    SCM ........................................................................................................................... 34
18.6    Sea Way Bill ............................................................................................................... 34
18.7    Sea-Air ....................................................................................................................... 34
18.8    Seals .......................................................................................................................... 34
18.9    Sector ......................................................................................................................... 35
18.10     Self-Sustaining ....................................................................................................... 35
18.11     Service.................................................................................................................... 35
18.12     Service Contract ..................................................................................................... 35
18.13     Set Point ................................................................................................................. 35
18.14     Shed ....................................................................................................................... 35
18.15     Ship's Chandlers .................................................................................................... 35
18.16     Ship's Manifest ....................................................................................................... 35
18.17     Ship's Tackle .......................................................................................................... 35
18.18     Shipment ................................................................................................................ 35
18.19     Shipper ................................................................................................................... 35
18.20     Shipper Pool ........................................................................................................... 35
18.21     Shipper's Load Stow&Count................................................................................... 35
18.22     Shipper's Reference Number ................................................................................. 35
18.23     Shipping Act of 1984 .............................................................................................. 35
18.24     Ships Chandlers ..................................................................................................... 35
18.25     Shipside.................................................................................................................. 35
18.26     Short Landed .......................................................................................................... 35
18.27     Short Shipped......................................................................................................... 35
18.28     Sleepsheet.............................................................................................................. 35
18.29     Slot ......................................................................................................................... 35
18.30     Slot Charter ............................................................................................................ 35
18.31     SS........................................................................................................................... 35
18.32     ST ........................................................................................................................... 35
18.33     Stack Train ............................................................................................................. 36
18.34     Stacking Cone ........................................................................................................ 36
18.35     Statutory Notice ...................................................................................................... 36
18.36     STC ........................................................................................................................ 36
18.37     Stevedore ............................................................................................................... 36
18.38     Storage Charge ...................................................................................................... 36
18.39     Store Door Delivery ................................................................................................ 36
18.40     Stowage.................................................................................................................. 36
18.41     Straddle Carrier ...................................................................................................... 36
18.42     Straight Frame........................................................................................................ 36
18.43     Strikes, Riots, and Civil Commotions ..................................................................... 36
18.44     Stripping ................................................................................................................. 36
18.45     Stuffing ................................................................................................................... 36
18.46     Subsidy................................................................................................................... 36
18.47      Sufferance Warehouse........................................................................................... 36
18.48      Supplier .................................................................................................................. 36
18.49      Supply Vessel......................................................................................................... 36
18.50      Surcharges ............................................................................................................. 36
18.51      Surety Bond............................................................................................................ 36
18.52      Surety Company..................................................................................................... 36
18.53      Surveyor ................................................................................................................. 36
19      T .................................................................................................... 36
19.1    T&E ............................................................................................................................ 36
19.2    T.B.L. .......................................................................................................................... 37
19.3    Tally Sheet ................................................................................................................. 37
19.4    Tanker ........................................................................................................................ 37
19.5    Tanker Tainer ............................................................................................................. 37
19.6    Tare Weight ................................................................................................................ 37
19.7    Tariff ........................................................................................................................... 37
19.8    Temperature Controlled Cargo................................................................................... 37
19.9    Terminal ..................................................................................................................... 37
19.10     TEU ........................................................................................................................ 37
19.11     THC ........................................................................................................................ 37
19.12     The Hague-Visby Rules.......................................................................................... 37
19.13     Tiers........................................................................................................................ 37
19.14     TIR.......................................................................................................................... 37
19.15     Title, Passing .......................................................................................................... 37
19.16     To Order of ............................................................................................................. 37
19.17     TOFC...................................................................................................................... 38
19.18     Ton ......................................................................................................................... 38
19.19     Top Handlers .......................................................................................................... 38
19.20     TOS ........................................................................................................................ 38
19.21     Tracking.................................................................................................................. 38
19.22     Trade ...................................................................................................................... 38
19.23     Trading House ........................................................................................................ 38
19.24     Trailer ..................................................................................................................... 38
19.25     Tramp Vessel ......................................................................................................... 38
19.26     Transferable Letter of Credit................................................................................... 38
19.27     Transshipment........................................................................................................ 38
19.28     TRC ........................................................................................................................ 38
19.29     Tri-Axle ................................................................................................................... 38
19.30     Trucker’s Depot ...................................................................................................... 38
19.31     Tug Boats ............................................................................................................... 38
20      U.................................................................................................... 38
20.1    Unclean Bill of Lading................................................................................................. 38
20.2    Underdeck Stowage ................................................................................................... 38
20.3    Unit Train .................................................................................................................... 38
20.4    USDA ......................................................................................................................... 38
21      V.................................................................................................... 38
21.1    Valuation Charges ...................................................................................................... 38
21.2    VAT (Value-Added Tax) ............................................................................................. 39
21.3    Ventilated Container ................................................................................................... 39
21.4    Vessel Ton ................................................................................................................. 39
21.5    VIAP ........................................................................................................................... 39
21.6    VOCC ......................................................................................................................... 39
21.7    Voyage ....................................................................................................................... 39
22      W................................................................................................... 39
22.1    Waiver ........................................................................................................................ 39
22.2   War Risk ..................................................................................................................... 39
22.3   War Risk Insurance .................................................................................................... 39
22.4   Warehouse ................................................................................................................. 39
22.5   Water Feeder ............................................................................................................. 39
22.6   Weight ........................................................................................................................ 39
22.7   Weight Load Factor .................................................................................................... 39
22.8   Wharfage .................................................................................................................... 39
22.9   Wire Transfer.............................................................................................................. 39
23     Y.................................................................................................... 40
23.1   Y/A.............................................................................................................................. 40
23.2   YTD ............................................................................................................................ 40
1 A
1.1   Act of God
An act occasioned by violence of nature which no reasonable human foresight, care, or
diligence can anticipate or prevent.
1.2   Ad Valorem
A fixed percentage of the value of goods that is used to calculate customs duties and taxes.
1.3   Add-Ons
Additional charges.
1.4   Admiralty Court
Is a court having jurisdiction over maritime questions pertaining to ocean transport, including
contracts, charters, collisions, and cargo damages
1.5   Advance
To move cargo up line to a vessel leaving sooner than the one booked.
1.6   Advance Against Documents
Load made on the security of the documents covering the shipment.
1.7   Advising Bank
A bank that receives a letter of credit from an issuing bank, verifies its authenticity, and
forwards the original letter of credit to the exporter without obligation to pay
1.8   Advisory Capacity
A term indicating that a shipper's agent or representative is not empowered to make definite
decisions or adjustment without the approval of the group or individual represented
1.9   Affiliate
Is a company that controls, or is controlled by another company, or is one of two or more
commonly controlled companies.
1.10 Agency
An organization working on behalf of a principal. Company that represents/acts on behalf of
another entity.
1.11 Agency Agreement
The steamship line appoints the steamship agent and defines the specific duties and areas
of responsibility of that agent
1.12 AI
All Inclusive.
1.13 Air Freightment
An agreement by a steamship line to provide cargo space on a vessel at a specified time and
for a specified price to accommodate an exporter or importer, who then becomes liable for
payment even though he is later unable to make the shipment.
1.14 Air Waybill
A bill of landing that covers both international and domestic flights transporting goods to a
specified destination. This is a non-negotiable documents of air transport that serves as a
receipt for the shipper, indicating that the carrier has accepted the goods listed and obligates
itself to carry the consignment to the airport of destination according to specified conditions.
1.15 AITA
International Air Transport Association, IATA, (French, German).
1.16 All Risk Insurance
Is a clause included in marine insurance policies to cover loss and damage from external
causes, such as fire, collision, pilferage, etc. but not against innate flaws in the goods, such
as decay, germination, nor against faulty packaging, improper packing/ loading or loss of
market, nor against war, strikes, riots and civil commotions (See Marine Insurance)
1.17 All-Water
Service rendered by carriers on a port-to-port basis; cargo moving via ocean carrier only.
1.18 Alongside
A phrase referring to the side of a ship. Goods to be delivered"alongside"are to be placed on
the dock or barge within reach of the transport ship's tackle so that they can be loaded
abroad the ship.
1.19 AMS
Automated Manifest Systems.
1.20 Anti-Rebating
Document signed by shipping companies and filed with Federal Maritime Certification
Commission and in ocean tariffs attesting that rebates are not allowed and will not be paid by
a company.
1.21 AQ
Any quantities.
1.22 AQI
Agriculture Quarantine Inspection
1.23 Arrival Notice
Documentation that notifies consignee of arrival information and freight charges due. Form
produced by carrier for advanced notification to consignee of cargo arrival.
1.24 As Freighted
All cargoes freighted on same unit; Weight or Measure.
1.25 Assignment
The transfer of the rights, duties, responsibilities and/or benefits of an agreement, contract,
or financial instrument to third party.
1.26 Assignment of Proceeds
A stipulation within a letter of credit in which some or all of the proceeds are assigned from
the original beneficiary to one or more additional beneficiaries.
2 B
2.1   B/B
Break-Bulk Cargo
2.2   Back Haul
The return leg of a round trip.
2.3   Balance of Trade
The difference between a country's total imports and exports; if exports exceed imports,
favorable balance of trade exists, if not, a trade deficit is said to exist.
2.4   Banding
Securing of cargo on a pallet generally by a steel/metal stripping.
2.5   Bank Draft
A bank instrument wherein payment of funds is guaranteed.
2.6   Bank Guarantee
Accepted in lieu of original bill of lading to release cargo.
2.7   Barges
Conveyance used to carry loose cargo or containers in smaller volumes than mother vessels.
2.8   Barter
Trade in which merchandise is exchanged directly for other merchandise without use of
money. Barter is an important means of trade with countries using currency that is not readily
convertible.
2.9   Base Port
Port from which standard tariff rate applies normally serviced directly by members.
2.10 Bay
Section of a vessel where containers or cargo is stored.
2.11 Bay Plan
Section by section breakdown of a vessel to indicate where cargo is stowed.
2.12 Belly Cargo
Freight accommodation below the main deck.
2.13 Beneficiary
A firm or person on whom a letter of credit has been drawn. The beneficiary is usually the
seller or exporter.
2.14 Berth
Is the place beside a pier, quay or wharf where a vessel can be loaded or discharged
2.15 Berth or Liner Terms
Is an expression covering assessment of ocean freight rates generally implying that loading
and discharging expenses will be for ship owner's account, and usually apply from the end of
ship's tackle in port of loading to the end of ship's tackle in port of discharge.
2.16 Bill of Lading
A document that establishes the terms of a contract between a shipper and a transportation
company under which freight is to be moved between specified points for a specified charge.
Usually prepared by the shipper on forms issued by the carrier, it serves as a document of
title, contract of carriage, and a receipt for goods. Also see Air Waybill and Ocean Bill of
Lading.
2.17 Bill of Lading Number
Carrier's reference number assigned to bill of lading.
2.18 Bill of Lading Terms
All details relevant to shipment.
2.19 Bolster
Bracing of a commodity in a container.
2.20 Bonded Warehouse
A warehouse storage area or manufacturing facility in which imported goods may be stored
or processed without payment of customs duties.
2.21 Booking
Cargo commitment made to carrier (i.e. a reservation).
2.22 Box Rate
A lump sum charge to move cargo in various size containers from origin to destination.
2.23 Boycott Certificates
Required by certain countries restricting carriage to certain flag vessels.
2.24 Break-bulk
Loose cargo containers and non-containerized cargo; vessel whose hatch is built to
accommodate various bulk commodities.
2.25 Breakbulk Vessel
Carries containers and non-containerized cargo; vessel whose hatch is Vessel built to
accommodate various bulk commodities.
2.26 Bulk Carrier
Vessel specifically built to carry raw materials.
2.27 Bulk Containers
Containers used specifically for raw materials.
2.28 Bull Rings
Rings for lashing the cargo in containers.
2.29 Bunker Adjustment Factor
Surcharge assessed by carrier applied to freight rates to supplement fuel Factor (BAF) costs.
2.30 Bunker Surcharge
See Bunker Adjustment Factor.
2.31 Bunkers
Fuel used by vessel.
3 C
3.1   C&F
Cost and Freight. Terms of sale. Seller quotes price including the cost of goods and all
transportation charges to the named point of destination.
3.2   C.I.F.
Is a quoted price includes cost of goods, insurance and freight.
3.3   Cabotage
Shipments between ports of the same nation. Many countries, like the U.S., have laws
requiring - domestic owned vessels to perform domestic inter
3.4   CAD
The acronym meaning"cash against documents,"a method of payment for goods in which
documents transferring title are given to the buyer upon payment of cash to an intermediary
acting for the seller.
3.5   Cargo Bays
Doors at cargo warehouse where vehicles back in to load/unload cargo.
3.6   Cargo Receipt
Is a receipt of cargo for shipment by a consolidator (used in ocean freight).
3.7   Carrier
One who owns, operates or charters vehicles of transportation for movement of cargo.
3.8   Carrier's Certificate
U.S. Customs form used in lieu of bill of lading.
3.9   Carrier(s) Containers or Shipper(s) Containers
The term Carrier(s) Container(s) or Shipper(s) Container(s) means containers over which the
carrier or the shipper has control either by ownership or by the acquisition thereof under
lease or rental from container companies or container suppliers or from similar sources.
Carriers are prohibited from purchasing, leasing or renting shipper owned containers.
3.10 Carrier, Common
A public or privately owned firm or corporation that transports the goods of others over land,
sea, or through the air, for a stated freight rate. By government regulation, a common carrier
is required to carry all goods offered if accommodations are available and the established
rate is paid.
3.11 Cash Against Documents (CAD)
Payment for goods in which a commission house, or other intermediary, transfers title
documents to the buyer upon payment in cash.
3.12 Cash in Advance (C.I.A.)
Payment for goods in which the price is paid in full before shipment is made. This method is
usually used only for small purchases or when the goods are built to order.
3.13 CBM
1 Cubic Meter = 35.314 cubic feet.
3.14 Cell
Container slot where container fits into place on vessel.
3.15 Cell Guides
A guide for each container slot.
3.16 Certificate of Analysis
Is a certificate required by some countries as proof of the quality and composition of food
products or pharmaceuticals. The required analysis may be made by a private or government
health agency. The certificate must be legalized by a foreign consul of the country
concerned, as is the case with such similar certificates as the phytosanitary certificate.
3.17 Certificate of Inspection
A document certifying that the goods were in apparent good condition immediately prior to
shipment.
3.18 Certificate of Manufacture
A statement in which a producer specifies where his goods were manufactured, certifies that
manufacturing has been completed, and confirms that the goods are at the buyer's disposal.
3.19 Certificate of Origin
A statement signed by the exporter, or his agent, and attested to by a local Chamber of
Commerce, indicating that the goods being shipped, or a major percentage of them,
originated and were produced in the exporter's country.
3.20 CES
Is a Customs Examination Station
3.21 CFS
Container Freight Station. Storage/warehouse facilities for loading/unloading less than full
container orders.
3.22 CFS Cargo
Loose containerizable cargo handled in a container freight station (warehouse).
3.23 CFS/CFS
Cargo received and stuffed by carrier at origin and devanned by carrier at destination.
3.24 CFS/CY
Cargo received and stuffed by carrier at origin then delivered intact at destination.
3.25 Chains and Binders
Used to secure (brace&chock) oversize cargo to equipment.
3.26 Charter Party
The contract between the owner of a ship and the individual or company chartering it. Among
other specifications, the contract usually stipulates the exact obligations of the ship-owner
(loading the goods, carrying the goods to a certain point, returning to the charterer with other
goods, etc.); or it provides for an outright leasing of the vessel to the charterer, who then is
responsible for his own loading and delivery. In either case, the charter party sets forth the
exact conditions and requirements agreed upon by both sides.
3.27 Charterer
An organization/company that enters an agreement with a principal to use their vessels for a
specified time.
3.28 Chassis
Trailer or wheeled unit on which a container is placed in order to move container over the
road.
3.29 CHB
See Custom House Broker.
3.30 CIA
The acronym meaning"cash in advance,"a method of payment for goods whereby buyer
pays seller in advance of shipment of goods.
3.31 CIF (cost, insurance and freight)
Seller is responsible for inland freight, ocean/air freight, and marine/air insurance to the port
of final entry in the buyer's country. The buyer is responsible for inland transportation to his
or her location.
3.32 Claim
A request for payment by a customer due to a shortage or damage to cargo.
3.33 Claused Bill of Lading
Is a bill of lading which has exemptions to the receipt of merchandise in"apparent good
order"noted.
3.34 Clean Bill of Lading
Is a bill of lading which covers goods received in"apparent good order and condition"and
without qualification.
3.35 Clean Draft
Is a draft to which no documents have been attached.
3.36 Collect
Money to be paid at destination prior to release of bills of lading.
3.37 Combined Transport Bill of Lading
Provides a combined transport by at least two different modes of transportation from a place
at which the goods are taken to a place designated for delivery.
3.38 Commercial Invoice
A document on shipper's letterhead that contains an accurate description of the merchandise
and show country or origin. All items must be itemized.
3.39 Commercial Risk
Risk carried by the exporter (unless insurance is secured) that the foreign buyer may not be
able to pay for goods delivered on an open account basis.
3.40 Commodity Description
Description of goods being shipped.
3.41 Company Guarantee
A letter of guarantee from a company identifying the carrier of responsibility associated in the
release of goods in lieu of bill of lading. It is protection in writing to the carrier by a private
company.
3.42 Conference
Group of carriers allowed by FMC to determine a level of rates, services and rules of a given
trade route bound together by a common tariff or certain geographic area.
3.43 Conference Carrier
Carrier that belongs to the conference.
3.44 Conference Certificate
Certificate declaring that the carrier is a member of the conference.
3.45 Confirmed Letter of Credit
A letter of credit, issued by a foreign bank with validity confirmed by a U.S. bank.
3.46 Confiscation
The taking and holding of private property by a government or an agency acting for a
government. Compensation may or may not be given to the owner of the property.
3.47 Connecting Carrier
An intermediary carrier utilized to connect cargo to/from mother vessel (See Feeder).
3.48 Consignee
The individual or company, to whom a seller or shipper sends merchandise and who, upon
presentation of necessary documents, is recognized as merchandise owner for the purpose
of declaring and paying customs duties.
3.49 Consignment
Is the physical transfer of goods from a seller (consignor) with whom the title remains, to
another legal entity (consignee) who acts as a selling agent, selling the goods and remitting
the new proceeds to the consignor.
3.50 Consignor
A term used to describe any person who consigns goods to himself or to another party in a
bill of lading or equivalent document. A consignor might be the owner of the goods, or a
freight forwarder who consigns goods on behalf of his principal.
3.51 Consolidated Shipment
An arrangement whereby various shippers pool their boxed goods on the same shipment,
sharing the total weight charge for the shipment.
3.52 Consolidator
An agent which brings together a number of shipments for one destination to qualify for
preferential airline rates.
3.53 Consortium
Group of carriers pooling resources in a trade lane to maximize their resources efficiently.
3.54 Consular Invoice
Document required by some foreign countries showing exact information as to consignor,
consignee, value description, etc. for a shipment. Consulate Copy
3.55 Consulate Copy
Copy of the B/L signed for consulate purpose.
3.56 Consulate Legalization
Shipping documents must be presented to the Consul for legalization, either prior to or right
after sailing.
3.57 Container
The term container means a single rigid, non
3.58 Container Load Plan (CLP)
Describes how the inside of the container is stowed with cargo.
3.59 Container Number
Identification number assigned to each container.
3.60 Container Pool / Depot
Where containers are stored usually inland for container availability to shippers or
consignees. Carrier location to hold empty containers, various points for shipper's utilization;
an area designated for storage of empty.
3.61 Container Ship
Ocean going ship designed to carry containers both internally and on deck. Some are self
sustaining.
3.62 Container Stuffing List (CSL)
List showing how cargo is stowed in each container.
3.63 Container Yard
Facility where full and empty containers are stored.
3.64 Containerization
Is a concept for the ultimate unitizing of cargo used by both steamship lines and air cargo
lines. Containers allow a greater amount of cargo protection from weather, damage, and
theft.
3.65 Containerized
All cargo loaded into a container.
3.66 Contract Rate
Is a charge levied by carriers selling capacity forward over a given route to a shipper of
forwarder; the client is therefore assured of capacity, which must be paid for regardless of
load carried.
3.67 Cooper
Warehouse worker assigned to reconstruct or repair cartons, crates, boxes, etc.
3.68 Corner Casting
Device on each corner (top and bottom) of a container for lifting up or securing down of unit.
Synonym: Corner Fitting
3.69 Corner Posts
Steel reinforcements at corner of each container.
3.70 Correspondent Bank
A bank that, in its own country, handles the business of a foreign bank.
3.71 Cost Insurance
Terms of sale. Seller quotes a price including cost of goods, insurance Freight (CIF) and
transportation charges to point of destination.
3.72 Countertrade
Is a reciprocal trading arrangement, which includes a variety of transactions involving two or
more parties.
3.73 Credit Agreement
Agreement between carrier and shipper for release of cargo with promise to pay ocean
freight within specified time. Document signed by the shipper which binds shipper to credit
terms of the conference or agreement body.
3.74 Credit Risk Insurance
Insurance designed to cover risks of nonpayment for delivered goods.
3.75 Cross Docking
The process of moving merchandise directly from the receiving dock to the shipping dock,
eliminating the need to place the merchandise in storage.
3.76 Cubic Foot
1 Cubic Foot = 1728 Cubic Inches.
3.77 Currency Adjustment Factor (CAF)
Percentage of money used to equalize a difference in currency values. A percent of the base
ocean freight.
3.78 Customs
Government agency which inspects cargo, insures proper cargo clearance, proper forms are
filed, and correct duties/fees are paid.
3.79 Customs Bonded Warehouse
Is a warehouse where imported goods may be stored for a total of three years without the
payment of duty or taxes.
3.80 Customs Clearance
Shipment cleared by Customs for movement.
3.81 Customs Duty
Monies paid to U.S. Customs for goods entered into U.S. from foreign countries.
3.82 Customs House Broker (CHB)
Agent representative licensed by FMC who negotiates customs clearance Broker (CHB) for
import cargo on behalf of the consignee through U.S. Customs.
3.83 Customs Station
Area where containers are brought for Customs inspection.
3.84 Customs Warehouse
Where cargo is temporarily stored awaiting inspection or where cargo is stored when seized
by Customs due to lack of permit/entry.
3.85 Cut Off
Last possible date cargoes may be delivered to a ship or designated point.
3.86 CWO
The acronym meaning"cash with order,"a method of payment for goods where cash is paid at
the time of order and the transaction becomes binding on both buyer and seller.
3.87 CY ( Container Yard)
The term CY means the location designated by Carrier in the port terminal area for receiving,
assembling, holding, storing and delivering containers, and where containers may be picked
up by shippers or re
3.88 CY/CFS (House to Pier)
The term CY/CFS means containers packed by shipper of carrier's premises and delivered
by shipper to Carrier's CY, all at shipper's risk and expense and unpacked by Carrier at the
destination port CFS.
3.89 CY/CY (House to House)
The term CY/CY means containers packed by shipper off Carrier's premises and delivered
by shipper to Carrier's CY and accepted by consignee a t Carrier's CY and unpacked by
consignee off Carrier's premises, all at the risk and expense of cargo.
4 D
4.1   D.F.
Dead Freight
4.2   D.W.
Deadweight (tons of 2,240 lbs.)
4.3   D.W.C.
Deadweight for cargo
4.4   DAD
Delivery Authorized Documents
4.5   Dangerous Cargo
Cargo of a hazardous nature as classified under Coast Guard regulations.
4.6   Dangerous Goods
Articles or substance capable of posing a significant risk to health, safety or property, and
that ordinarily require special attention when being transported.
4.7   DAT
Dangerous Articles Tariff
4.8   DDC
Destination Delivery Charge. A charge assessed by the carrier for handling positioning of a
full container within the container yard.
4.9   DDP
Delivered duty paid. Also known as"free domicile."
4.10 DDU
Delivered duty unpaid. Reflects the emergence of"door-to-door"intermodal or courier
contracts or carriage where only the destination customs duty and taxes (if any) are paid by
consignee.
4.11 Dead Freight
Is freight charges paid by the charterer of vessel for the contracted space, which is left
partially unoccupied.
4.12 Deck Cargo
Is cargo carried on deck rather than stowed under deck. On deck carriage is required for
certain commodities, such as explosives.
4.13 Deconsolidation
Breakdown for distribution of various importers LTL cargo for movement to ultimate
destination.
4.14 Deferred Payment Credit
Type of letter of credit providing for payment some time after presentation of shipping
documents by exporter.
4.15 Deferred Rebate
The return of a portion of the freight charges by a carrier or a conference shipper in
exchange for the shipper giving all or most of his shipments to the carrier or conference over
a specified period of time (usually 6 months). Payment of the rate is deferred for a further
similar period, during which the shipper must continue to give all or most of his shipments to
the rebating carrier or conference. The shipper thus earns a further rebate which will not,
however, be paid without an additional period of exclusive or almost exclusive patronage with
the carrier of conference. In this way, the shipper becomes tied to the rebating carrier or
conference. Although, the deferred rebate system is illegal in U.S. foreign commerce, it
generally is accepted in the ocean trade between foreign countries.
4.16 Delivery Order (DO)
Document authorizing domestic carrier to pick up cargo.
4.17 Demurrage
A penalty for exceeding free time allowed for loading or unloading at a pier or freight
terminal. Also a charge for undue detention of transportation equipment or carriers in port
while loading or unloading.
4.18 DGR
Dangerous Goods Requirement.
4.19 Direct Consignment
One company shipping directly to another without a third party.
4.20 Discharge Port
Port terminal where cargo is unloaded from vessel.
4.21 DIT
Destination Interchange Terminal - The facility operated by the ocean carrier or his agent at
which containers are interchanged with the delivering motor carrier.
4.22 Diversion
A change made either in the route of a shipment in transit or of the entire ship.
4.23 Dock
Where vessel positions itself to load/unload cargo.
4.24 Dock Receipt
When cargo is delivered to a steamship company at the pier, the receiving clerk issues a
dock receipt.
4.25 Documents Against Acceptance (D/A)
Instructions given by a shipper to a bank indicating that documents transferring title goods
should be delivered to the buyer (or drawee) only upon the buyer's acceptance of the
attached draft.
4.26 DOT
Department of Transportation
4.27 Double Stack Car
Rail car capable of carrying two containers stacked one on top of each other.
4.28 Draft (or Bill of Exchange)
An unconditional order in writing from one person (the drawer) to another (the drawee),
directing the Drawee to pay a specified amount to a named Drawer at a fixed or determinable
future date.
4.29 Draft Sight and Time
Sight Draft (S/D): A draft so drawn as to be payable upon presentation or acceptance.
4.30 Drawback
99% refund of imported, duty paid materials, which are to be exported.
4.31 Drayage
Haulage of containers over the road via truck.
4.32 Drydock
Used to lay up vessels for repair.
4.33 Dunnage
Material used around cargo to prevent breakage or shifting, normally provided by shipper. Its
weight is included in the rating.
5 E
5.1   E.A.O.N.
Except as otherwise noted
5.2   EDI or EDIFACT
Electronic Data Interchange for Administration, Commerce and Transport, from the UN-
backed electronic data interchange standards body, to create electronic versions of common
business documents that will work on a global scale. One digital document under
consideration, the International Forwarding and Transport Message will do the jobs of six
different electronic messages currently in use.
5.3   EIR
Equipment Interchange Receipt. Documents used to receive or deliver a full or empty
container/chassis at any terminal or inland container pool.
5.4   Empty Leg
Results from an aircraft primarily chartered outbound having cargo capacity inbound or vice
versa. A cheap form of airfreight.
5.5   Equalization
Compensation for additional charges incurred by shipper for delivering cargo to port
designated by the carrier other than the closest port to the supplier.
5.6   ETA
Estimated Time of Arrival.
5.7   ETD
Estimated Time of Departure.
5.8   Export Broker
The individual who brings together buyer and seller for a fee, eventually withdrawing from
any transaction.
5.9   Export Declaration
A form to be completed by the exporter or their authorized agent and filed in triplicate by a
carrier with the United State Collector of customs at the point of exit. It serves a twofold
purpose 1. Primarily, it is used by the U.S. Bureau of Census for the compilation of export
statistics on United States foreign trade (for this reason an export declaration is required for
practically all shipments from the United States to foreign countries and the United States
possessions, except for mail shipments of small value, or for those of a non commercial
character); 2. The declaration also serves as an export control document because it must be
presented, together with the export license, to the United States Customs at the port of
export. If the goods may be exported under general export license, this fact must be stated
on the export declaration.
5.10 Export Documents
These documents required to export a shipment.
5.11 Export License
A document secured from a government, authorizing an exporter to export a specific quantity
of a particular commodity to a certain country. An export license is often required if a
government has place embargoes or other restrictions upon exports. See General Export
License.
5.12 Export Trading Company
A corporation or other business unit organized and operated primarily for the purpose of
exporting goods and services, or of providing export related services to other companies.
5.13 Express
Premium-rated service for urgent deliveries.
5.14 EXW
Ex works. Same as the former"Ex Works."FAK Freight All Kinds uniform airline charging
scale applying to a number of commodities; as opposed to SCR (Specific Commodity Rate)
applying to one commodity only.
6 F
6.1   F.&.D.
Freight and demurrage
6.2   F.P.A.
Free of Particular Average (Marine Insurance Term). A term used in marine insurance
policies to indicate that while the underwriter is unwilling to assume liability for ordinary
partial losses due to the peculiar qualities of the particular article or to its form of package, he
is willing to bear partial losses, the direct result of stranding, sinking, burning, collision, or
other named peril
6.3   FAK
Freight All Kinds. Usually refers to consolidated cargo.
6.4   FAS (free alongside ship)
Seller is responsible for inland freight costs until goods are located alongside the
vessel/aircraft for loading. Buyer is responsible for loading costs, ocean /air freight and
marine/air insurance.
6.5   FCL
Full Container Load.
6.6   Federal Maritime Commission
Government agency responsible for overseeing regulatory aspects of the Shipping Act.
6.7   Feeder
The transportation vehicle utilized to relay cargo from mother vessel to ultimate destination.
6.8   FEQ
Forty-foot Equivalent.
6.9   FEU
Forty-foot Equivalent Unit.
6.10 FF
Freight Forwarder.
6.11 FFE
Forty-foot Equivalent.
6.12 FIATA
International Federation of Freight Forwarders Associations.
6.13 FIFO
First In First Out.
6.14 FIO
Free In and Out. A party other than the steamship line provides for the stevedoring.
6.15 Flag Vessel
Every vessel has a flag distinguishing nationality.
6.16 Flag Waiver
Permission from government to carry cargo otherwise labelled for flag recipient.
6.17 Flat Bed
Truck designed to haul heavy or oversized non-containerizable cargo.
6.18 Flat Car
Railroad car on which container or container/chassis is placed.
6.19 Flat Rack
20'&40'metal platform with open sides, with bulkheads (i.e. no roof or side walls).
6.20 Floating Cranes
Heavy duty cranes brought in to handle cargo when unable to use gantry crane.
6.21 FMC
Federal Maritime Commission. U.S. regulatory body affecting ocean-going carriers. A U.S.
government body that oversees all maritime rules and regulations.
6.22 FMC Number
Number assigned by a government agency authorizing a freight forwarder to operate.
6.23 FOB (free on board)
Seller is responsible for inland freight and all other costs until the cargo has been loaded on
the vessel/aircraft. Buyer is responsible for ocean/air freight and marine/air insurance.
6.24 Force Majeure
The title of a standard clause found in marine contracts exempting the parties for
nonfulfillment of their obligations by reasons of occurrences beyond their control, such as
earthquakes, floods or war.
6.25 Foreign Trade Zone
Designed location providing duty-free storage area.
6.26 Fork Lift
Truck used for loading/unloading cargo into container.
6.27 Forwarder's Cargo Receipt
A negotiable document issued by a forwarder which will satisfy legal requirements for a
letter-of-credit. Since a forwarder is not an NVOCC it cannot issue actual Bills of Lading. The
FCR is a legally binding substitute for the B/L which was pioneered by Sea-Land and is now
an industry standard.
6.28 Forwarder, Freight Forwarder, Foreign Freight Forwarder
An independent business that dispatches shipments for exporters for a fee. The firm may
ship by land, air, or sea, or it may specialize. Usually it handles all the services connected
with an export shipment; preparation of documents, booking cargo space, warehouse, pier
delivery and export clearance. The firm may also handle banking and insurance services on
behalf of a client. The U.S. forwarder is licensed by the Federal Maritime Commission for
ocean shipments.
6.29 Foul Bill of Landing
A receipt for goods issued by a carrier with an indication that the goods were damaged when
received.
6.30 Free Alongside
Quoted price includes the cost of delivering the goods alongside a designated vessel.
6.31 Free In (F.I.)
Cost of loading a vessel is borne by the charterer
6.32 Free In and Out (F.I.O.)
Cost of loading and unloading a vessel is borne by the charterer.
6.33 Free of Capture and Seizure (F.C.&S.)
An insurance clause providing that loss is not insured if due to capture, seizure, confiscation
and like actions, whether legal or not , or from such acts as piracy, civil war, rebellion and
civil strife.
6.34 Free of Particular Average (F.P.A.)
A marine insurance clause providing that partial loss or damage is not insured American
conditions (F.P.A.A.C.). Partial loss is not insured unless caused by the vessel being sunk,
stranded, burned, on fire, or in collision. English conditions (F.P. A.E.C.). Partial loss not
insured unless a result of the vessel being sunk, stranded, burned, on fire, or in collision.
6.35 Free Out (F.O.)
Cost of unloading a vessel is borne by the charterer.
6.36 Free Port
A port which is a foreign trade zone, open to all traders on equal terms; more specifically a
port where merchandise may be stored duty-free, pending re-export or sale within that
country.
6.37 Free Time
Storage allowed at carrier facility without penalties assessed.
6.38 Free Trade Zone
A port designated by the government of a country for duty-free entry of any non-prohibited
goods. Merchandise may be stored, displayed, used for manufacturing, within the zone and
re-exported without duties being paid. Duties are imposed on the merchandise (or items
manufactured from the merchandise) only when the goods pass from the zone into an area
of the country subject to the Customs Authority.
6.39 Freight Claim
Formal letter with supporting documents, i.e., B/L, D/R, temperature chart, etc., making claim
against carrier for lost or damaged cargo.
6.40 Freight Collect
Payment due at destination (consignee.)
6.41 Freight Forwarder
An individual or company , acting on the behalf of a shipper, who arranges all necessary
details of shipping and documentation for a manufacturer or exporter, which includes
employing the services of a carrier of carriers.
6.42 Freight Release
Evidence that the freight charges for the cargo have been paid. If in writing, it may be
presented at the pier to obtain release of the cargo. Normally, once the freight is paid freight
releases are arranged without additional documentation. A.k.a. Freight Bill Receipt.
6.43 Freighted B/L
A bill of lading that lists all charges relevant to cargo movement from origin to destination.
6.44 Full Cellular Vessel
Fully containerized vessel.
7 G
7.1   G.R.Wt./G.W.
Gross Weight
7.2   Gang
Group of stevedores usually 4 to 5 members with supervisor assigned to a hold or portion of
the vessel being loaded or unloaded.
7.3   Gantry Crane
Port crane to load and discharge containers from vessel, able to be positioned by moving
along rail tracks.
7.4   Gateway
Port of entry into a country or region.
7.5   GATT
General Agreement on Tariffs and Trade, a multilateral treaty intended to help reduce trade
barriers and promote tariff concessions.
7.6   Gear&Tackle
Ship’s equipment used to level, secure and brace cargo for loading/unloading from vessel.
7.7   General Average
Declared upon vessel damage, whereupon shippers pay a certain percentage of damage
incurred; carrier declares percentage of responsibility by all participants.
7.8   General Export License
Any of various export licenses covering export commodities for which validated export
licenses are not required. No formal application or written authorization is needed to ship
exports under a general export license.
7.9   Genset
Generator used to regulate temperature in a reefer container; can be run on its own power or
plugs provided on pier/vessel.
7.10 GO
General Order. Cargo seized by Customs due to failure on part of consignee to make
Customs entry within allotted free time.
7.11 GO Warehouse
A Customs warehouse utilized when cargo goes into General Order due to lack of
permit/entry filed.
7.12 Goose Neck
Specialized chassis. It has a hook-up higher than the bed of the chassis.
7.13 GRI
General Rate Increase.
8 H
8.1   Hatch
The cover of - or opening- in the deck of a vessel, through which cargo is loaded.
8.2   Heated Storage
Warehouse specifically heated to protect bottle cargo.
8.3   Heavy Lift
Single commodity exceeding the capacity of normal loading equipment and requiring special
equipment and rigging methods for handling.
8.4   Heavy Lift Vessel
Specifically designed to be self sustaining with heavy lift cranes, to handle unusually heavy
and/or out-sized cargoes.
8.5   High Cube Container
Container 40'in length, 9’6"in height.
8.6   Holds
Sections of a vessel; bays.
8.7   House to House
Another term for CY/CY.
8.8   House to Pier
Shipper loaded container that will be deconsolidated at destination terminal for distribution.
8.9   Hub
A central location to which traffic from many cities is directed and from which traffic is fed to
other areas.
8.10 Humping
Making up a train, joining of railcars by use of an inclined plain (gravity).
8.11 Husbanding
Term used by steamship lines, agents, or port captains who are appointed to handle all
matters in assisting the master of the vessel while in port to obtain bunkering, fresh water,
food and supplies, payroll for the crew, doctors appointments, ship repair, etc.
8.12 Hustler
Tractor that pulls containers around pier for positioning.
9 I
9.1   I.C.T.F.
Intermodal Container Transfer Facility, an on-dock facility for moving containers from ship to
rail or truck.
9.2   IA / Independent Action
Independent Action. A carrier can take an independent action in a conference resulting in a
unique rate for that carrier within a conference; ability to file a rate independently of other
carriers’ action.
9.3   IATA
International Air Transport Association.
9.4   ICC
Interstate Commerce Commission. International Chamber of Commerce.
9.5   IFF
Institute of Freight Forwarders
9.6   IHC
Inland Haulage Charge. Cost to move a container to an inland destination.
9.7   ILA
International Longshoremen Association.
9.8   ILO
International Labour Organization. A United Nations agency, dealing with employment rights
and working conditions, covering work at sea and in ports.
9.9   ILWU
International Longshoremen Workers Union.
9.10 IMCO Classification
International Maritime Control Organization Classification. Classification for hazardous cargo.
9.11 IMDG
International Maritime Dangerous Goods Code. A code, representing the classification of
dangerous goods as defined by the International Maritime Organization (IMO) in compliance
with international legal requirements.
9.12 IMO
International Maritime Organization. An United Nations agency concerned with safety at sea.
Its work includes codes and rules relating to tonnage measurement of vessels, load lines,
pollution and the carriage of dangerous goods. Its previous name was the Inter-
Governmental Maritime Consultative Organization (IMCO).
9.13 Import License
A certificate, issued by countries exercising import controls, that permits importation of the
articles stated in the license. The issuance of such a permit frequently is connected with the
release of foreign exchange needed to pay for the shipment for which the import license has
been requested
9.14 Importer
Receiver of goods from an overseas origin.
9.15 In-Bond
A customs program for inland ports that provide for cargo arriving at a seaport to be shipped
under a Customs bond to a more conveniently located inland port where the entry
documents have been filed. Customs clears the shipment there, and the cargo is trucked to
its destination, which normally is close to the inland port.
9.16 Incoterms
A codification of terms used in foreign trade contracts that is maintained by the International
Chamber of Commerce.
9.17 Incremental Cost to Export
The additional costs incurred while manufacturing and preparing a product for export ( e.g.,
product modifications, special export packaging and export administration costs.) This does
not include the costs to manufacture a standard domestic product, export crating and
transportation to the foreign market.
9.18 Independent Action
A move by whereby a member of a shipping conference elect to depart from the specific
service rates set forth by the conference, giving ten calendar days notice of such action. The
conference member's new schedule of rate, or rates, officially takes effect no later than ten
days after receipt of notice by the conference.
9.19 Inducement
Some steamship lines publish in their schedules the name of a port and the words by
inducement in parentheses. This means the vessel will call at the port if there is sufficient
amount of profitable cargo available and booked.
9.20 Inland Carrier
A transportation line which hauls export or import traffic between ports and inland points.
9.21 Inland Point
City with no port; landlocked city.
9.22 Inspection Certificate
A document certifying that merchandise (such as perishable goods) was in goods condition
immediately prior to shipment.
9.23 Interchange
Transfer of a container from one party
9.24 Interchange Agreement
Contract between steamship company and truckman that legally permits interchange of
equipment.
9.25 Intermodal
Movement of cargo involving more than one form of transportation.
9.26 IPI
Inland Points Intermodal.
9.27 Irrevocable Letter of Credit
A letter of credit with a fixed expiration date that carries the irrevocable obligation of the
issuing bank to pay the exporter when all of the terms and conditions of the letter of credit
have been met.
9.28 ISO
International Standards Organization also referred to as the International Organizational for
Standardization.
9.29 IT
(In-Transit) Type of customs document governing movement of in-transit (bonded) cargo.
10 J
10.1 Jettison
Goods from a ship's cargo, or parts of its equipment, that have been thrown overboard to
lighten the load in time of danger, or to set a stranded ship adrift.
10.2 Joint Venture
A form of business partnership involving joint management and the sharing of risks and
profits between enterprises sometimes based in different countries.
10.3 Just-In-Time (JIT)
The principle of production and inventory control in which goods arrive when needed for
production or use.
11 K
11.1 KGS
1 Kilogram = 2.205 lbs.
11.2 Knock Down (KD)
An article taken apart, folded or telescoped in such a manner as to reduce its bulk at least
33.33% below its assembled bulk.
11.3 Knot
Speed of 1 nautical mile per hour. Nautical mile: 6082.66 feet, 1.152 statute miles, 1.852
kilometers.
12 L
12.1 L.&D.
Loss and damage
12.2 L.C.L.
Less than container load
12.3 L/C
Letter of Credit - A document issued by a bank per instructions by a buyer of goods,
authorizing the seller to draw a specified sum of money under specified terms. Issued as
revocable or irrevocable.
12.4 Laden on Board
A bill of lading that indicates a shipment has been loaded on board a vessel.
12.5 Land-bridge
Cross country rail service connecting two ocean ports.
12.6 Lash Barge
Type of container utilizing barges instead of container.
12.7 Lash Vessel
Designed to load internally, barges specifically designed for the vessel. The concept is to
quickly float the barges to the vessel (using tugs or ships wenches) load these barges
through the rear of the vessel, then sails. Upon arrival at the foreign port, the reverse
happens; Barges are quickly floated away from the vessel and another set of waiting barges
quickly are loaded. Designed for quick vessel turn-around. Usually crane-equipped; handles
mostly breakbulk cargo.
12.8 Lashed
Barge system; barges loaded on a vessel instead of a container.
12.9 Lashing Equipment
Various types of equipment used to secure containers/cargo on board vessel.
12.10 Lay Days
The dates between which a chartered vessel is to be available in a port for loading of cargo.
12.11 Legal Weight
The weight of the goods plus any immediate wrappings which are sold along with the goods
e.g., the weight of a tin can as well as its contents. (See Gross Weight).
12.12 Letter of Credit
Bank-issued document authorizing transfer of funds from buyer to seller (L/C, Elcee) under
established terms and conditions in international transactions.
12.13 Letter of Guarantee
Letter provided to carrier in lieu of surrender of original bill of lading.
12.14 Letter of Indemnity
Frees one from any responsibilities. Protection in writing to carrier from performing a
deviation to normal business.
12.15 License Cargo
Cargo necessitating license to move.
12.16 Liner
The word"liner"is derived from the term"line traffic"which denotes operation along definite
routes on the basis of definite, fixed schedules; a liner thus is a vessel that engages in this
kind of transportation, which generally involves the haulage of general cargo as distinct from
bulk cargo.
12.17 Liner Service
Carrier advertises fixed schedule of services; port calls not made on inducement basis.
12.18 Liner Train
Specially designed rail line for regular movement of liner/containerized cargo for one carrier.
12.19 Liquidation
The finalization of a customs entry.
12.20 Livestock
Common farm animals
12.21 LNG Carrier
Liquefied Natural Gas Carrier.
12.22 Lo/Lo
The acronym meaning"lift-on,lift-off,"denoting the method by which cargo is loaded onto and
discharged from an ocean vessel, which in this case is by the use of a crane.
12.23 Load Factor
Capacity sold as against capacity available, expressed as a percentage.
12.24 Load Length
Any piece of cargo exceeding 40'in length.
12.25 Load List
Container Stuffing List (CSL).
12.26 Load Port
Port where cargo is actually loaded on vessel.
12.27 Low Boy
Special trailer used to accommodate over height cargo with flat bed, approximately 12'above
ground.
12.28 LS or LM
Lump Sum. A local freight rate which is inclusive of all charges.
12.29 LT
1 Long Ton = 2,240 lbs
13 M
13.1 M.M
Mercantile marine
13.2 M/R
Mate's Receipt
13.3 M/T
Metric Ton (2204 lbs.)
13.4 M/V or M.V
Motor vessel
13.5 Manifest
An invoice of all cargo loaded on board a vessel. Entire listing of all cargo on board a vessel
required by line, customs, Coast Guard.
13.6 Marine Insurance
An insurance which will compensate the owner of goods transported overseas in the event of
loss which cannot be legally recovered from the carrier.
13.7 Marks&Numbers
The identifying detail on a package. Actual markings which appear on packages.
13.8 Mate's Receipt
Receipt of cargo by the vessel, signed by the mate (similar to dock receipt).
13.9 Measurement Ton
The measurement ton (also known as the cargo ton or freight ton) is a space measurement,
usually 40 cubic feet or one cubic meter. The cargo is assessed a certain rate for every 40
cubic feet or 1 cubic meter it occupies
13.10 Memo B/L
A bill of lading issued for in house purposes for cargo short shipped or loaded in advance of
issuance of full bill of lading.
13.11 Merchant Haulage
Inland transportation performed by an inland carrier contracted by and for the account of the
shipper.
13.12 Micro-Bridge
Cargo moves via land from/to inland point; another term for IPI.
13.13 Min. B/L
Minimum bill of lading
13.14 Minimum B/L
The least amount you can charge per individual bill of lading.
13.15 MLB
Miniland Bridge. Cargo moves port-to-port via land; port-to-port via rail; port destination
served overland by rail.
13.16 MT
1 Metric Ton = 2,204.62 lbs or 35.314 cft.
13.17 mt.
Empty
14 N
14.1 National Carrier
A flag carrier owned or controlled by the state.
14.2 Negotiable B/L
Original bill of lading endorsed by shipper that is used for negotiating documents with bank.
14.3 Negotiating Bank
Bank where shipper negotiates documents or where documents are first presented usually at
country of origin.
14.4 Net Terms
Free of charters'commission
14.5 Net Weight
(Actual Net Weight) Weight of goods alone without any immediate wrappings; e.g., the
weight of the contents of a tin can without the weight of the can.
14.6 Neutral Body
Investigating body designated by conference carriers to insure that rules are adhered to.
14.7 No Show
Cargo that fails to appear for vessel that is originally booked for.
14.8 Non-Negotiable B/L
Copy of original B/L which cannot be negotiated with bank.
14.9 Non-Vessel Operation Common Carrier (NVOCC)
An F.M.C. registered cargo consolidator of small shipments in ocean trade, generally
soliciting business and arranging for or performing containerization functions at the port.
These carriers issue their own bill of lading referred to as a house bill of lading.
14.10 NOS
Not Otherwise Specified (in Tariff).
14.11 Notify Party
Company/person who appears on the bill of lading to be notified when cargo arrives. Could
be different from consignee - usually actual receiver of goods.
15 O
15.1 OB
On Board.
15.2 OBL
Original Bill of Lading.
15.3 Ocean Bill of Lading
A receipt for cargo in transit, and a contract between the exporter and an ocean carrier for
transportation and delivery of goods to a specified party at a specified foreign destination.
Issued after the vessel has sailed and the cargo has been entered in the ship's manifest.
15.4 OCP
Overland Common Point.
15.5 Off Dock Location
Depot away from main terminal used to load/unload cargo-truck/rail.
15.6 On Board B/L
A Bill of Lading in which a carrier acknowledges that goods have been placed on board a
certain vessel.
15.7 On Carriage
Movement of cargo by connecting carrier to ultimate destination.
15.8 On Deck Stowage
Cargo stowed on deck of vessel.
15.9 Open Account
A high-risk trade arrangement in which goods are shipped to a foreign buyer without
guarantee of payment.
15.10 Open Side/Open Top Container
Container open on top and sides with frame.
15.11 Open Top Container
Container with open top and tarp provided.
15.12 Opening Bank
Bank letters of credit are opened usually at destination.
15.13 OS&D
Abbreviation for"Over, Short or Damaged". Usually discovered at cargo unloading.
15.14 Out of Gauge
Cargo which exceeds the internal dimensions of the container in width, length, or height.
15.15 Outbound
Export shipments.
15.16 Over Landed
Cargo taken beyond original; port of discharge.
15.17 Over the Road Limitations
State or country regulations for weight limits allowed per container/truckload.
16 P
16.1 P.A.
Particular average
16.2 P.W.
Packed weight
16.3 Packing List
List of packages for each shipment showing individual breakdown in weights/measures.
16.4 Pallet
Wooden structure generally 48 x 48 used to support cargo and ease movement by forklifts.
16.5 Particular Average
Partial loss or damage to goods.
16.6 Pentle Hook
Steel pivot upon which chassis and cab are connected.
16.7 Per Diem
Cost per day. Charge on container held by customers for an extended time; charges levied
upon a trucker due to late return of equipment.
16.8 Perils of the Sea
Most losses covered by a marine insurance policy come within the comprehensive
expression"perils of the sea,"which refers to damage caused by heavy weather, strandings,
strikings on rocks or on bottom, collision with other vessels, contacts with floating objects,
etc.
16.9 Pier
Where vessels pull alongside for loading/discharging.
16.10 Pier to House
Cargo received at pier loaded in a container and picked up at destination terminal intact by
consignee.
16.11 Pier to Pier
Cargo movement delivered loose to pier at origin point and picked up loose at destination
terminal.
16.12 Piggyback
Point-to-point movement of one transportation vehicle on another.
16.13 Pilferage
As used in marine insurance policies, the term denotes petty thievery, the taking of small
parts of a shipment, as opposed to the theft of a whole shipment or large unit. Many ordinary
marine insurance policies do not cover against pilferage, and when this coverage is desired,
it must be added to the policy
16.14 Pilot Boat
Conveys pilot to ocean vessel.
16.15 Place of Delivery
Actual final destination of cargo could be water or inland.
16.16 Place of Rest
The term"Place of Rest"as used in the Containerized Cargo Rules means that location on the
floor, dock, platform or doorway at the CFS to which cargo is first delivered by shipper or
agent thereof.
16.17 Plimsoll Mark
Depth to which a vessel may safely load, identified by a horizontal line around the ships hull.
16.18 Port Authority
A government body (city, county or state) which in international shipping maintains various
airports and/or ocean cargo pier facilities, transit sheds, loading equipment warehouses for
air cargo, etc. Has the power to levy dockage and wharfage charges, landing fees, etc.
16.19 Port of Discharge
Port where vessel is off loaded and cargo discharges.
16.20 Port of Entry
A port at which foreign goods are re-admitted into the receiving country.
16.21 Port of Loading
Port where cargo is loaded aboard the vessel lashed and stowed
16.22 Positioning
Moving of empty equipment from surplus areas to deficient areas.
16.23 Power of Attorney
A document that authorizes a customs broker to sign all customs documents on behalf of an
importer.
16.24 Pre-Advice
Preliminary advice that a letter of credit has been established in the form of a brief
authenticated wire message. It is not an operative instrument and is usually followed by the
actual letter of credit.
16.25 Prepaid Bill of Lading
Freight paid prior to movement. Money to be paid prior to issuance of bill of lading.
16.26 Prepaid Freight
Generally speaking, freight charges both in ocean and air transport may be either prepaid in
the currency of the country of export or they may be billed collect for payment by the
consignee in his local currency. However, on shipments to some countries freight charges
must be prepaid because of foreign exchange regulations of the country of import and/or
rules of steamship companies or airlines.
16.27 Price Quotation/ Proforma Invoice
An invoice prepared by the seller in advance of shipment that documents the cost of goods
sold, freight, insurance, and other related charges. It is often used by the buyer to secure a
letter of credit, an import license or a foreign currency allocation.
16.28 Prima Facie
Latin,"on first appearance."A term frequently encountered in foreign trade. When a steamship
company issues a clean bill of lading, it acknowledges that the goods were received"in
apparent good order and condition"and this is said by the courts to constitute prima facie
evidence of the conditions of the containers; that is, if nothing to the contrary appears, it must
be inferred that the cargo was in good condition when received by the carrier.
16.29 Proforma
When used with the title of a document, the term refers to an informal document presented in
advance of the arrival, or preparation of the required document, in order to satisfy a customs
requirement.
16.30 Project Rates
Rates established for specific project.
16.31 Proof of Delivery
Add-on service in express market, delivered either by phone or courier. Often offered free.
16.32 PTI
Pre Trip Inspection.
16.33 Purchase Order
Common grouping of orders for goods/services. Several SKU categories may be listed on
one purchase order. Most customers group their orders in a particular way to facilitate
distribution at the other end. For example, one purchase order for an apparel importer might
encompass 2-dozen green sweaters and 2-dozen red sweaters. If those P.O.s originated
from the same store, it is simple for the store to put all items under that P.O. onto the right
truck.
17 R
17.1 Rail Pig
A railroad owned container (trailer).
17.2 Rail Ramp
Used to unload rail cars or trailers.
17.3 Rail Terminal
Place where railroad cars terminate and/or turn around.
17.4 Rail Yard
Location where rail cars are concentrated for loading and unloading of containers.
17.5 Railhead
Location for loading and unloading containers at railroad terminal.
17.6 Rates
Charge for moving cargo between two points (i.e. Ocean Freight).
17.7 Rebate
A deduction taken from a set payment or charge. As a rebate is given after payment of the
full amount has been made, it differs from a discount which is deducted in advance of the
payment. In foreign trade, a full or partial rebate may be given on import duties paid on
goods which are later re-exported
17.8 Received for Shipment B/L
Issued on receipt of cargo; cargo not necessarily loaded yet.
17.9 Reciprocity
A practice by which governments extend similar concessions to one another.
17.10 Red Clause Letter of Credit
A letter of credit that allows the exporter to receive a percentage of the face value of the
letter of credit in advance of shipment. This enables the exporter to purchase inventory and
pay other costs associated with producing and preparing the export order.
17.11 Reefer
Unit equipped to carry refrigerated cargo.
17.12 Reefer Plug
Electrical outlet on ship for maintaining temperature.
17.13 Retaliation
Action taken by a country to restrain its imports from another country that has increased a
tariff or imposed other measures that adversely affects the firsts country's exports.
17.14 Return Cargo
Cargo to be returned to original place of receipt.
17.15 Revenue Ton
Number of tons which freight is paid for; per ton.
17.16 ROE
Rate of Exchange
17.17 RORO (ROLL ON-ROLL OFF)
Direct drive on/drive off wheeled vehicles on specially-designed ocean-going vessels.
17.18 Route
an established air passage, from point of departure to terminating station.
18 S
18.1 Sailing Schedule
Published schedule of sailing dates of vessels departures and arrivals.
18.2 Salvage
Rescue of goods from loss at sea or by fire; also, goods so saved, or payment made or due
for their rescue.
18.3 Sanitary and Health Certificate
A statement signed by a health organization official certifying the degree of purity,
cleanliness, or spoilage of goods, and the health of live animals.
18.4 Schedule B
Government listing to properly declare cargo; seven digit number assigned by the Bureau of
Census to identify types of Cargo.
18.5 SCM
Supply Chain Management.
18.6 Sea Way Bill
Bill of lading used for through consignment; no original bill of lading required, I.D. only.
18.7 Sea-Air
Container moving both modes. Movement of cargo by sea to connecting discharge port, then
air freighted to ultimate destination.
18.8 Seals
Attached to locking device to prevent pilferage and certify no tampering, made of plastic or
aluminum attached by Customs or carrier.
18.9 Sector
Distance between two ground points within a route.
18.10 Self-Sustaining
Vessel has its own cranes and equipment mounted on board for loading/unloading. Used in
ports where shore cranes and equipment are lacking.
18.11 Service
The defined, regular pattern of calls made by a carrier in the pick-up and discharge of cargo.
18.12 Service Contract
A contract between a shipper and an ocean carrier of conference, in which the shipper
makes a commitment to provide a minimum quantity of cargo over a fixed time period.
18.13 Set Point
Specific temperature that a refrigerated container has been set to keep. Ideally the set point
and the actual temperature should be identical throughout the voyage.
18.14 Shed
Small building that holds LTL cargo for loading vessel.
18.15 Ship's Chandlers
Suppliers of various items to the vessel.
18.16 Ship's Manifest
An instrument in writing containing a list of the shipments comprising the cargo of the vessel.
18.17 Ship's Tackle
All rigging, etc., utilized on a ship to load or discharge cargo.
18.18 Shipment
Freight tendered to a carrier by one consignor at one piece at one time for delivery to one
consignee at one place on one bill of lading.
18.19 Shipper
Group, company, person designated on OBL who sold cargo to ultimate receiver of goods.
18.20 Shipper Pool
Where containers belonging to shipper are stored.
18.21 Shipper's Load Stow&Count
Contents of a container as stowed and counted by shipper. Cargo loaded and stowed by
shipper in container; CY load.
18.22 Shipper's Reference Number
A shipper’s ID number for a shipment.
18.23 Shipping Act of 1984
Congressional legislation establishing U.S. regulations for the ocean transportation industry.
18.24 Ships Chandlers
Suppliers of various items to the vessel.
18.25 Shipside
Cargo located alongside vessel.
18.26 Short Landed
Cargo volume count less than originally shipped.
18.27 Short Shipped
Cargo missing a vessel that originally intended for due to carrier’s option.
18.28 Sleepsheet
Method of loading packages in a container via a thin liner board and forklift.
18.29 Slot
Compartment for containers; space on vessel for container.
18.30 Slot Charter
Carrier charters slot space on other carrier’s vessel.
18.31 SS
Steamship.
18.32 ST
1 Short Ton = 2,000 lbs.
18.33 Stack Train
Containers placed two high on rail car.
18.34 Stacking Cone
Metal cone for stacking containers.
18.35 Statutory Notice
Specific time period before a rate regulation can become effective.
18.36 STC
Said to Contain. Amount and description of cargo with container.
18.37 Stevedore
Terminal operator who is designated to facilitate the operation of loading and discharging
vessels and various terminal activities.
18.38 Storage Charge
Charge for goods held in railroad or other warehouses under fixed agreement for periods of
time, and which is not included in other service arrangement.
18.39 Store Door Delivery
Movement of goods to the consignee’s place of business customarily applied to movement
by truck.
18.40 Stowage
The lacing of cargo in a vessel in such a manner as to provide the utmost safety and
efficiency for the ship and the goods it carries.
18.41 Straddle Carrier
Machine used for positioning containers in yard.
18.42 Straight Frame
Type of chassis used to move containers.
18.43 Strikes, Riots, and Civil Commotions
An insurance clause referring to loss or damage directly caused by strikers, locked-out
workmen, persons participation in labor disturbances, and riots of various kinds. The ordinary
marine insurance policy does not cover this risk; coverage against it can be added only by
endorsement.
18.44 Stripping
Physical removal of cargo from the carrier’s container (Unstuffing).
18.45 Stuffing
Physical loading of cargo into carrier’s container.
18.46 Subsidy
An economic benefit granted by a government to producers of goods or services, often to
strengthen their competitive position.
18.47 Sufferance Warehouse
Bonded Customs warehouse in Canada.
18.48 Supplier
Person supplying materials to exporter/shipper/consignee/importers.
18.49 Supply Vessel
Vessel that carries supplies from shore to platform.
18.50 Surcharges
Additional charges above ocean freight
18.51 Surety Bond
A bond insuring against loss or damage or for the completion of obligations.
18.52 Surety Company
An insurance company
18.53 Surveyor
One who is hired to verify damages.
19 T
19.1 T&E
Transfer and Export. A Customs Document.
19.2 T.B.L.
Through bill of lading
19.3 Tally Sheet
List of cargo, incoming and outgoing, checked by Tally clerk on dock.
19.4 Tanker
Carries liquid commodities (oil, etc.).
19.5 Tanker Tainer
Container used to transport liquid commodities.
19.6 Tare Weight
Weight of an empty container. Gross weight = net weight + tare weight.
19.7 Tariff
List of rules, regulations and rates applicable to specific trade lanes. Document with
regulations and rates applicable to specific trade lanes. A schedule of charges to move
commodities between two areas.
19.8 Temperature Controlled Cargo
Any cargo requiring carriage under controlled temperature
19.9 Terminal
Building closely aligned to dock used to collect, store and dispatch cargo.
19.10 TEU
Twenty Foot Unit. Twenty Foot Equivalent container.
19.11 THC
Terminal Handling Charge. Charge assessed by the terminal for the positioning of cargo
within the terminal/yard.
19.12 The Hague-Visby Rules
The Hague-Visby Rules are a set of international rules for the carriage of goods by sea. The
official title is"International Convention for the Unification of Certain Rules of Law relating to
Bills of Lading"and was drafted in Brussels in 1924. After being amended by the Visby
Amendments (officially the"Protocol to Amend the International Convention for the Unification
of Certain Rules of Law Relating to Bills of Lading") in 1968, the Rules became known as the
Hague-Visby Rules. A final amendment was made in the SDR Protocol in 1979.
19.13 Tiers
A horizontal division of a vessel from bottom to top. The numbers run from bottom to deck
and from deck upwards and are used as a part of the indication of a stowage place for
containers.
19.14 TIR
Transport International des Merchandises par la Route; Trailer Interchange Receipt;
Terminal Interchange Receipt; Transport Internationale Route; Interchange receipt between
trucker and ocean carrier; certificate of container/equipment condition at time of interchange.
Document used for the interchange of containers showing condition of container when picked
up at the terminal.
19.15 Title, Passing
The passing of title to exported goods is determined in large measure by the selling terms.
For example, if an exporter sells goods c.i.f he may be presumed to pass ownership and
tender of documents. However, he may ship on a bill of lading drawn to his own order, to
prevent the buyer from gaining possession of the goods until the draft is paid or accepted. In
this case he retains a security title to the goods; that is, a title for security purposes only, until
the financial arrangement is carried out. Caution depending on the laws of the buyer's
country, you may not be able to force passage of title without payment having been received
or the buyer having accepted delivery of the goods or a clear understanding by the buyer
being understood and accepted.
19.16 To Order of
Shipper is owner of goods until endorsed B/L is presented to carrier by Shipper/receiver.
19.17 TOFC
Trailer on a Flat Car.
19.18 Ton
Freight rates for liner cargo generally are quoted on the basis of a certain rate per ton,
depending on the nature of the commodity. This ton, however, may be weight ton or a
measurement ton.
19.19 Top Handlers
Equipment that unloads/loads containers at container yard.
19.20 TOS
Terms of Sale (i.e., FOB/CIF/FAS).
19.21 Tracking
A carrier's system of recording movement intervals of shipments from origin to destination.
19.22 Trade
A term used to define a geographic area or specific route served by carriers.
19.23 Trading House
Consortium of buyers/sellers of various commodities at high volume.
19.24 Trailer
Container and chassis as one unit.
19.25 Tramp Vessel
Non-liner service where owner sends vessel wherever he can arrange business.
19.26 Transferable Letter of Credit
A letter of credit that allows all or a portion of the proceeds to be transferred from the original
beneficiary to one or more additional beneficiaries.
19.27 Transshipment
The transfer of a shipment from one carrier to another in international trade, most frequently
from one ship to another. In as much as the unloading and reloading of delicate merchandise
is likely to cause damage, transshipments are avoided whenever possible.
19.28 TRC
Terminal Receiving Charge. Charge assessed by the terminal for cargo being delivered for
export.
19.29 Tri-Axle
A third axle used for supporting additional weight.
19.30 Trucker’s Depot
Where trucks load/unload cargo.
19.31 Tug Boats
Boats used to guide vessels in/out port.
20 U
20.1 Unclean Bill of Lading
A bill containing reservations as to the good order and condition of the goods, or the
packaging, or both. Examples"bags torn;""drums leaking;""one case damaged;""rolls chafed."
20.2 Underdeck Stowage
Cargo/container that is stowed below main deck. Stowed under deck.
20.3 Unit Train
Train comprised of containers from one container company.
20.4 USDA
United States Department of Agriculture.
21 V
21.1 Valuation Charges
Transportation charges assessed shippers who declare a value of goods higher than value of
carrier's'limits of liability.
21.2 VAT (Value-Added Tax)
A sales or consumption tax which the end user pays. Typically, this is a"hidden"tax, added to
the list price of the goods in question.
21.3 Ventilated Container
Container used for cargo needing ventilation.
21.4 Vessel Ton
100 cubic feet.
21.5 VIAP
Vessel Insurance Additional Premium.
21.6 VOCC
Vessel Operating Common Carrier.
21.7 Voyage
Movement of vessel from one point to destination.
22 W
22.1 Waiver
Document used to allow cargo carriage by different flag vessels than original destination
country vessels. Also on government cargoes where cargo flag cannot carry the shipments.
22.2 War Risk
Surcharge covering additional insurance premium incurred by a vessel entering a war zone.
22.3 War Risk Insurance
Insurance issued by marine underwriters against war-like operations specifically described in
the policy. In former times, war risk insurance was taken out only in times of war, but
currently many exporter cover most of their shipments with war risk insurance as a protection
against losses from derelict torpedoes and floating mines placed during former wars, and
also as a safeguard against unforeseen warlike developments. In the United states, war risk
insurance is written in a separate policy from the ordinary marine insurance; it is desirable to
take out both policies with the same underwriter in order to avoid the ill effects of a possible
dispute between underwriters as to the cause (marine peril or war peril) of a given loss.
22.4 Warehouse
Building usually located in back up areas or inland where cargo is stored.
22.5 Water Feeder
Transports cargo to non-direct ports of call.
22.6 Weight
(a) Gross - The weight of the goods including packing, wrappers, or containers, internal and
external. The total weight as shipped (b) Net - The weight of the goods themselves without
the inclusion of any wrapper (c) Tare - The weight of the packaging or container (d) Weight /
Measurement Ton - In many cases, a rate is shown per weight/measurement ton, carrier's
option. This means that the rate will be assessed on either a weight ton or measurement ton
basis, whichever will yield the carrier the greater revenue. As example, the rate may be
quoted on the basis of 2,240 pounds or 40 cubic feet or of 1 metric ton or 1 cubic meter (e)
Weight Ton - There are three types of weight ton; the short ton, weighing 2,000 pounds; the
long ton, weighing 2,240 pounds; and the metric ton weight 2,204.68 pounds. The last is
frequently quoted for cargo being exported from Europe.
22.7 Weight Load Factor
Payload achieved as against available, expressed as a percentage. Cargo is frequently
limited by volume rather than weight; load factors of 100% are rarely achieved.
22.8 Wharfage
A charge assessed by a pier or dock owner against the cargo or a steamship company for
use of the pier or dock.
22.9 Wire Transfer
Electronic transfer of funds.
23 Y
23.1 Y/A
York-Antwerp Rules - A code of rules adopted by an international convention in 1890,
amended in 1924 and again in 1950, for the purpose of establishing a uniform basis for
adjusting general average. Certain nationalities decline to observe certain of the rules
adopted. United States shipping interests generally abide by general rule"F"and numbered
rules 1 to 15 and 17 to 22, inclusive and specifically set this forth in a Bill Of Lading Clause
23.2 YTD
Year To Date.

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:3
posted:10/3/2012
language:Latin
pages:40