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Tips & info

Ad Valorem Freight

Freight calculated according to the value of the cargo.

Ad Valorem Mention

According to value of the goods declared by the Shipper prior the commencement of the carriage as stated in writing on the Bill of Lading.

Agent

A person authorized to do business for and in the name of another person or company.

All inclusive

Freight rate including all charges.

Alliance

A group of companies cooperating. Supply chain alliances consist of trading partners that have complimentary goals and objectives and cooperate in areas of planning, forecasting and replenishment.

Arrival Notice

A notice given by the delivering carrier to the consignee and the notify party (and the consignee if it is the same) indicating the shipment’s arrival date at a specific location (normally the destination).

Assignment

The transfer to another party of a right, interest or title to the goods. OR the document evidencing such a transfer

Bank Guarantee

A document representing an irrevocable obligation of the bank to pay a specified amount of money if the party for which the bank is giving the guarantee does not fulfil its contractual obligations under the Bill of Lading.

Barge

The cargo-carrying vehicle used by Inland water carriers or for discharging of Vessels. Basic barges have open tops, but there are covered barges for both dry and liquid cargoes.

Bay

Section of the ship in which containers are stowed.

Beneficial Cargo Owner

The importer of cargo, who physically takes possession of cargo at the final destination. It does not act as third party in the movement of such goods.

Bill of Lading (B/L)

Document which must be issued by the carrier to the shipper. It is a receipt of the Goods (it describes the cargo, with its weight and the number of packages). It is also a proof of the contract of carriage (the Terms and Conditions are in the recto), and it is a document of title on the goods.

Bond

Written document used for a legal transfer of ownership which binds its debtor to make payment to its creditor.

Booking

Act of recording arrangements for the transportation of goods by Vessel and other conveyance if any.

Break-bulk Cargo

Usually, loose cargo transported not in a container. On a container ship, break bulk will be carried on one or more flatbed(s) or a platform container(s).

Broker

An intermediary person who buys and arranges for other some services, as transportation of loads, usually large operations, for a percentage of the revenue from the load

Caro Declaration Amendment Fee

A required fee by customs that covers re-submission of necessary information due to an amendment request that is made by the customer after the carrier has submitted the documentation to local customs authorities.

Cargo Manifest

A manifest which lists all cargoes carried on a specific Vessel voyage.

Carriage

Any person or entity who in a contract of carriage undertakes to perform or to procure the performance of carriage. The Bill of Lading is delivered in its name.

Carrier Haulage

The Carrier organizes pre and post-transportation prior to and/or after the sea period.

Clean on Board

A clause inserted in the Bill of Lading stating that they have not noted or are not familiar with any irregularities or discrepancies in the packing or in the general condition of any part of the goods or its description.

Commodity

Article shipped, which can be bought and sold.

Consignee

Person whose goods should be delivered and whose name is appearing on the Bill of Lading.

Consignor

Person who delivers a consignment to a carrier for transport to a consignee named in the transportation documents. Consignor has the ownership of the goods unless title is transferred through endorsement, or until the consignee pays for them in full.

Consolidator

A company that groups together shipments from different companies into a single shipment.

Container

Large box-shaped unit of standard design for the transport of goods, which facilitates the transfer of goods from one form of transport to another. Containers may be dry, ventilated, insulated, refrigerated, flat rack, vehicle rack, open top, bulk liquid or equipped with interior devices. 

Container Cleaning Fee

Additional costs for extra or special cleaning of containers which are applicable when the container does not meet the standard cleanliness criteria (inside and outside) upon empty return from the customer. This charge is not applicable to shipper-owned containers.

Cubic Capacity

Volume of goods in a container expressed in cubic meters.

Customs

Official department which is administrating imported and exported goods.

Decidee/Deciding Party

The party that decides to transport cargo with the shipping carrier.

Delivery of Cargo

The physical and legal transfer of a cargo from Carrier or his agent to receiver/consignee/notify party.

Delivery Order (DO)

Document issued by agent of the carrier authorizing the named party to take delivery of the cargo at arrival of the ship. The Delivery Order is given against the original Bill of Lading.

Demurrage

A separate freight charge, in addition to ordinary shipping costs, which is imposed according to the terms of a contract of carriage for unreasonable period in which Shipper or consignee’s laden container is stored at carrier’s terminal facilities before Vessel’s departure or after Vessel’s arrival. It is also the amount identified in a charter contract as damages payable to a ship owner as compensation for the detention of a ship beyond the time specified by a charter party for loading and unloading or for sailing.

Destination Delivery Charge

A charge, based on container size, added to the base ocean freight. This charge covers crane lifts off the Vessel, drayage of the container within the terminal and gate fees at the terminal operation.

Detention Fee-Export

A separate freight charge, in addition to ordinary shipping costs, which is imposed according to the terms of a contract of carriage for the period in which carrier’s container is on hold by the shipper or the consignee. It is counted from the day of empty container pick-up to the day of laden container return (both days inclusive). 

Detention Fee-Import

A separate freight charge, in addition to ordinary shipping costs, which is imposed according to the terms of a contract of carriage for the period in which carrier’s container is on hold by the shipper or the consignee. It is counted from the day of laden pick-up to the day of empty return (both days inclusive).

Door-to-Door

Shipment placed in a container at origin residence and delivered in the same container to a destinations residence. Also known as House to House.

Dry Dock

A dock used to lay up Vessels for inspection, reparation and maintenance.

Equipment Interchange Receipt (EIR)

Document required when transferring a cargo container from one Vessel to another, or to a shipping terminal. The receipt includes the apparent exterior status of the Container.

ETA

Abbreviation for “Estimate Time of Arrival” of the Vessel.

ETD

Abbreviation for “Estimate Time of Departure” of the Vessel.

Ex-Works

The seller delivers when it places the Goods at the disposal of the buyer at the seller’s premises or at another named place. The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.

FAK

Freight All Kinds, standard rate charged per container, regardless of what commodity it is carrying.

Final Place of Delivery

Delivery of the cargo by the carrier at another than the terminal, as stated on the Bill of Lading. It means the end of carrier’s liability.

Free On Board (FOB)

The seller delivers the goods on board the Vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the Vessel, and the buyer bears all costs from that moment onwards.

Freight

All charges payable to the carrier in accordance with Applicable Tariff of the Bill of Lading of the carrier, including without limitation, storage, demurrage, detention and reefer services.

Freight Bill

Carrier’s invoice for payment of transport services rendered.

Freight Collect

The freight and charges to be paid by the consignee.

Freight Forwarder (or Forwarding Agent)

An individual or organization that specializes in organizing shipments, necessary volumes and customs facilities for other individuals or organization.

Freight Prepaid

The freight and charges to be paid before loading of the goods onboard the Vessel by the shipper against remittance of the original Bill of Lading.

Full Container Load

A container with a single shipper. A container that is loaded and unloaded entirely under the risk and account of the merchant.

Gearless Ship

A Vessel with no lifting (crane) equipment.

Gross Tonnage

Designates the overall internal volume of a Vessel, calculated based on “the molded volume of all enclosed spaces of the ship”.

Groupage Bill of Lading

Bill of Lading covering many goods, loaded in the same container by different shippers.

Handling

Operations of loading and discharging of the containers and the goods onboard the Vessel.

Handling Costs

The cost involved in moving, transferring, preparing, and otherwise handling inventory.

Hazardous Goods

Articles or substances which can pose a significant risk to health, safety, or property, and that ordinarily require special attention when transported. Also called Dangerous Goods.

High Cube (HC)

A container that exceeds 8 feet 6 inches in height. 

Inbound Cargo

imported cargo.

Incoterms

International terms written by the International Chamber of Commerce for the sale of goods worldwide and provide rules and guidance to importers, exporters, lawyers, transporters, insurers. This essential part of the daily language of trade. The latest applied version is the Incoterms 2010.

Insurance Certificate

Document issued to the consignee to certify that insurance is provided to cover loss of or damage to the cargo while in transit.

International Standard Organization (ISO)

The world’s largest developer of voluntary International Standards, given for the art specifications for products, services and good practice, helping to make industry more efficient and effective.

Less than Container Load (LCL)

A container consolidated with cargo from numerous shippers with the same destination, when many shipper’s goods occupy a single container, each shipper’s shipment is considered to be LCL.

Letter of Credit (LC)

Document issued by a bank per instructions of a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.

Logistics

The process of planning, implementing, and controlling procedures for the efficient and effective storage of goods, services, and related information from the point of origin to the point of delivery for the purpose of conforming to customer requirements.

Manifest

A detailed list of cargo being carried by a Vessel as declared by the shipper in accordance with the Bill of Lading.

Mother Vessel

Main Ocean Vessel used in a maritime service during a specified voyage.

Net Tare Weight

Weight of an empty container.

Net Tonnage

A Vessel’s net tonnage expresses the space available for carrying capacity.

Net Weight

Weight of the product unpacked, exclusive of any containers.

Non-negotiable Bill of Lading

Bill of Lading cannot be endorsed for the transfer of title on the goods. This is not a document of title

Non-Vessel Operating Common Carrier (NVOCC)

A cargo consolidator in ocean trades that will buy space from a carrier and re-sell it to shippers. The NVOCC issues Bills of Lading, publishes tariffs and otherwise conducts itself as an ocean common carrier, except that it will not provide the actual ocean or intermodal service.

Original Bill of Lading

Bill of Lading which requires proper signatures for conclusion of contract of carriage.

Out of Gauge (OOG)

Cargo which exceeds the internal dimensions of the container/flat rack in which it is packed.

Outbound Cargo

Exported Cargo.

Out port

Destination port, other than a base port, to which rates apply but which may be subject to additional out port arbitraries.

Packing List

List of packages for each shipment, showing individual breakdown in weights/measure and quantity.

Pallet

A standard size wooden platform with or without sides, on which packages or pieces can be loaded to facilitate handling.

Procurement

All of the processes involved in requesting, ordering, auditing, and paying for goods and services.

Pro-forma Invoice

A specimen invoice, requested by the buyer for the purpose of applying for such things as an import license, or foreign exchange allocation prior to the sale.

Purchase order

Common grouping of orders for goods/services to facilitate distribution at the other end.

Reconsignment (R/C)

Change of the consignee or destination on a Bill of Lading while the goods are still in transit.

Reefer Container

“Aka” “refrigerated container” Thermal container equipped with an electrical appliance (mechanical compressor) for the purposes of cooling or heating the air within the container. 

Refrigerated Cargo

Cargo requiring temperature control.

Release Note

Receipt signed by customer acknowledging delivery of goods.

Roll-On/Roll-Off (Ro/Ro)

A specialized vessel designed with a ramp to facilitate driving on and off cargo, as opposed to being loaded with cranes or other lifting equipment.

Route

The manner in which a shipment moves.

Seal

Metal strip and lead/plastic fastener used for locking containers doors. Seals are numbered for record purposes.

Seawaybill

Non-negotiable transport document allowing a quick release to the receiver named on.

Shipper

Person or legal entity for whom the carrier agrees to carry the goods at a specific destination and at a specific price (contract of carriage).

Shipping Order

Equivalent of booking and contract of carriage evidencing the agreement to transport goods.

Spreader

A piece of equipment designed to lift containers by their corner castings.

Standard Shipping Note

A shipping document which accompanies the container on its journey to the port of exit and gives details about the contents of a consignment to carriers, receiving authorities and forwarders.

Stevedore

Terminal operator who is designated to facilitate the operation of loading and discharging ships and various terminal activities 

Storage Charge

Charge for goods held in storage facilities (warehouses) under a fixed agreement for periods of time, and which is not included in other arrangements.

Supply Chain

A logistical management system which integrates the sequence of activities from delivery of raw materials to the manufacturer through to delivery of the finished product to the customer into measurable components.

Supply Chain Management

The delivery of enhanced customer and economic value through synchronized management of the flow of physical goods, services and associated information from sourcing through consumption. The management of the process and activities to provide the flow of products, services and information to customers.

Surcharges

An extra or additional charge applicable.

Survey

Inspection of goods to establish the extent and cause of damage.

Tank Container

A freight container which includes two basic elements, the tank and the framework. This type of container is used to carry hazardous or non- hazardous liquids (foodstuff). It is equipped with accessories to facilitate filling and emptying and has safety devices. 

Tariff

A publication setting forth the charges, rates and rules of transportation companies. NVOCCs and VOCCs must publish and maintain tariffs.

Terminal

Part of a port with special equipment to berth ships for loading and discharging of goods from them.

Terminal handling Charge (THC)

A charge made for a service performed in a carrier’s terminal area.

Third Party-Logistics (3PL)

A company which provides logistics services to other companies for some or all of their logistics needs. It typically includes warehousing and transportation services. Most 3PL’s also have freight forwarding licenses. 

Twenty-Foot equivalent Unit (TEU)

The size of a standard container. One TEU generally represents a single container measuring 20 feet long, 8 feet wide and 8.5 feet high.

Transshipment

Transfer of containers between two ships (coupled ships or via the quay).

Ventilation

Voluntarily created circulation of air.

Warehouse

A place for the reception, delivery, consolidation, distribution, and storage of goods/cargo.

Waybill

A type of Bill of Lading used for port-to-port or combined transport carriage. A “Waybill” is identical to a negotiable Bill of Lading except that it is not a document of title.

Ad Valorem Freight

Freight calculated according to the value of the cargo.

Ad Valorem Mention

According to value of the goods declared by the Shipper prior the commencement of the carriage as stated in writing on the Bill of Lading.

Agent

A person authorized to do business for and in the name of another person or company.

All inclusive

Freight rate including all charges.

Alliance

A group of companies cooperating. Supply chain alliances consist of trading partners that have complimentary goals and objectives and cooperate in areas of planning, forecasting and replenishment.

Arrival Notice

A notice given by the delivering carrier to the consignee and the notify party (and the consignee if it is the same) indicating the shipment’s arrival date at a specific location (normally the destination).

Assignment

The transfer to another party of a right, interest or title to the goods. OR the document evidencing such a transfer

Bank Guarantee

A document representing an irrevocable obligation of the bank to pay a specified amount of money if the party for which the bank is giving the guarantee does not fulfil its contractual obligations under the Bill of Lading.

Barge

The cargo-carrying vehicle used by Inland water carriers or for discharging of Vessels. Basic barges have open tops, but there are covered barges for both dry and liquid cargoes.

Bay

Section of the ship in which containers are stowed.

Beneficial Cargo Owner

The importer of cargo, who physically takes possession of cargo at the final destination. It does not act as third party in the movement of such goods.

Bill of Lading (B/L)

Document which must be issued by the carrier to the shipper. It is a receipt of the Goods (it describes the cargo, with its weight and the number of packages). It is also a proof of the contract of carriage (the Terms and Conditions are in the recto), and it is a document of title on the goods.

Bond

Written document used for a legal transfer of ownership which binds its debtor to make payment to its creditor.

Booking

Act of recording arrangements for the transportation of goods by Vessel and other conveyance if any.

Break-bulk Cargo

Usually, loose cargo transported not in a container. On a container ship, break bulk will be carried on one or more flatbed(s) or a platform container(s).

Broker

An intermediary person who buys and arranges for other some services, as transportation of loads, usually large operations, for a percentage of the revenue from the load

Cargo Manifest

A manifest which lists all cargoes carried on a specific Vessel voyage.

Caro Declaration Amendment Fee

A required fee by customs that covers re-submission of necessary information due to an amendment request that is made by the customer after the carrier has submitted the documentation to local customs authorities.

Carriage

Any person or entity who in a contract of carriage undertakes to perform or to procure the performance of carriage. The Bill of Lading is delivered in its name.

Carrier Haulage

The Carrier organizes pre and post-transportation prior to and/or after the sea period.

Clean on Board

A clause inserted in the Bill of Lading stating that they have not noted or are not familiar with any irregularities or discrepancies in the packing or in the general condition of any part of the goods or its description.

Commodity

Article shipped, which can be bought and sold.

Consignee

Person whose goods should be delivered and whose name is appearing on the Bill of Lading.

Consignor

Person who delivers a consignment to a carrier for transport to a consignee named in the transportation documents. Consignor has the ownership of the goods unless title is transferred through endorsement, or until the consignee pays for them in full.

Consolidator

A company that groups together shipments from different companies into a single shipment.

Container

Large box-shaped unit of standard design for the transport of goods, which facilitates the transfer of goods from one form of transport to another. Containers may be dry, ventilated, insulated, refrigerated, flat rack, vehicle rack, open top, bulk liquid or equipped with interior devices. 

Container Cleaning Fee

Additional costs for extra or special cleaning of containers which are applicable when the container does not meet the standard cleanliness criteria (inside and outside) upon empty return from the customer. This charge is not applicable to shipper-owned containers.

Cubic Capacity

Volume of goods in a container expressed in cubic meters.

Customs

Official department which is administrating imported and exported goods.

Decidee/Deciding Party

The party that decides to transport cargo with the shipping carrier.

Delivery of Cargo

The physical and legal transfer of a cargo from Carrier or his agent to receiver/consignee/notify party.

Delivery Order (DO)

Document issued by agent of the carrier authorizing the named party to take delivery of the cargo at arrival of the ship. The Delivery Order is given against the original Bill of Lading.

Demurrage

A separate freight charge, in addition to ordinary shipping costs, which is imposed according to the terms of a contract of carriage for unreasonable period in which Shipper or consignee’s laden container is stored at carrier’s terminal facilities before Vessel’s departure or after Vessel’s arrival. It is also the amount identified in a charter contract as damages payable to a ship owner as compensation for the detention of a ship beyond the time specified by a charter party for loading and unloading or for sailing.

Destination Delivery Charge

A charge, based on container size, added to the base ocean freight. This charge covers crane lifts off the Vessel, drayage of the container within the terminal and gate fees at the terminal operation.

Detention Fee-Export

A separate freight charge, in addition to ordinary shipping costs, which is imposed according to the terms of a contract of carriage for the period in which carrier’s container is on hold by the shipper or the consignee. It is counted from the day of empty container pick-up to the day of laden container return (both days inclusive). 

Detention Fee-Import

A separate freight charge, in addition to ordinary shipping costs, which is imposed according to the terms of a contract of carriage for the period in which carrier’s container is on hold by the shipper or the consignee. It is counted from the day of laden pick-up to the day of empty return (both days inclusive).

Door-to-Door

Shipment placed in a container at origin residence and delivered in the same container to a destinations residence. Also known as House to House.

Dry Dock

A dock used to lay up Vessels for inspection, reparation and maintenance.

Equipment Interchange Receipt (EIR)

Document required when transferring a cargo container from one Vessel to another, or to a shipping terminal. The receipt includes the apparent exterior status of the Container.

ETA

Abbreviation for “Estimate Time of Arrival” of the Vessel.

ETD

Abbreviation for “Estimate Time of Departure” of the Vessel.

Ex-Works

The seller delivers when it places the Goods at the disposal of the buyer at the seller’s premises or at another named place. The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.

FAK

Freight All Kinds, standard rate charged per container, regardless of what commodity it is carrying.

Final Place of Delivery

Delivery of the cargo by the carrier at another than the terminal, as stated on the Bill of Lading. It means the end of carrier’s liability.

Free On Board (FOB)

The seller delivers the goods on board the Vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the Vessel, and the buyer bears all costs from that moment onwards.

Freight

All charges payable to the carrier in accordance with Applicable Tariff of the Bill of Lading of the carrier, including without limitation, storage, demurrage, detention and reefer services.

Freight Bill

Carrier’s invoice for payment of transport services rendered.

Freight Collect

The freight and charges to be paid by the consignee.

Freight Forwarder (or Forwarding Agent)

An individual or organization that specializes in organizing shipments, necessary volumes and customs facilities for other individuals or organization.

Freight Prepaid

The freight and charges to be paid before loading of the goods onboard the Vessel by the shipper against remittance of the original Bill of Lading.

Full Container Load

A container with a single shipper. A container that is loaded and unloaded entirely under the risk and account of the merchant.

Gearless Ship

A Vessel with no lifting (crane) equipment.

Gross Tonnage

Designates the overall internal volume of a Vessel, calculated based on “the molded volume of all enclosed spaces of the ship”.

Groupage Bill of Lading

Bill of Lading covering many goods, loaded in the same container by different shippers.

Handling

Operations of loading and discharging of the containers and the goods onboard the Vessel.

Handling Costs

The cost involved in moving, transferring, preparing, and otherwise handling inventory.

Hazardous Goods

Articles or substances which can pose a significant risk to health, safety, or property, and that ordinarily require special attention when transported. Also called Dangerous Goods.

High Cube (HC)

A container that exceeds 8 feet 6 inches in height. 

Inbound Cargo

imported cargo.

Incoterms

International terms written by the International Chamber of Commerce for the sale of goods worldwide and provide rules and guidance to importers, exporters, lawyers, transporters, insurers. This essential part of the daily language of trade. The latest applied version is the Incoterms 2010.

Insurance Certificate

Document issued to the consignee to certify that insurance is provided to cover loss of or damage to the cargo while in transit.

International Standard Organization (ISO)

The world’s largest developer of voluntary International Standards, given for the art specifications for products, services and good practice, helping to make industry more efficient and effective.

Less than Container Load (LCL)

A container consolidated with cargo from numerous shippers with the same destination, when many shipper’s goods occupy a single container, each shipper’s shipment is considered to be LCL.

Letter of Credit (LC)

Document issued by a bank per instructions of a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.

Logistics

The process of planning, implementing, and controlling procedures for the efficient and effective storage of goods, services, and related information from the point of origin to the point of delivery for the purpose of conforming to customer requirements.

Manifest

A detailed list of cargo being carried by a Vessel as declared by the shipper in accordance with the Bill of Lading.

Mother Vessel

Main Ocean Vessel used in a maritime service during a specified voyage.

Net Tare Weight

Weight of an empty container.

Net Tonnage

A Vessel’s net tonnage expresses the space available for carrying capacity.

Net Weight

Weight of the product unpacked, exclusive of any containers.

Non-negotiable Bill of Lading

Bill of Lading cannot be endorsed for the transfer of title on the goods. This is not a document of title

Non-Vessel Operating Common Carrier (NVOCC)

A cargo consolidator in ocean trades that will buy space from a carrier and re-sell it to shippers. The NVOCC issues Bills of Lading, publishes tariffs and otherwise conducts itself as an ocean common carrier, except that it will not provide the actual ocean or intermodal service.

Original Bill of Lading

Bill of Lading which requires proper signatures for conclusion of contract of carriage.

Out of Gauge (OOG)

Cargo which exceeds the internal dimensions of the container/flat rack in which it is packed.

Out port

Destination port, other than a base port, to which rates apply but which may be subject to additional out port arbitraries.

Outbound Cargo

Exported Cargo.

Packing List

List of packages for each shipment, showing individual breakdown in weights/measure and quantity.

Pallet

A standard size wooden platform with or without sides, on which packages or pieces can be loaded to facilitate handling.

Procurement

All of the processes involved in requesting, ordering, auditing, and paying for goods and services.

Purchase order

Common grouping of orders for goods/services to facilitate distribution at the other end.

Reconsignment (R/C)

Change of the consignee or destination on a Bill of Lading while the goods are still in transit.

Reefer Container

“Aka” “refrigerated container” Thermal container equipped with an electrical appliance (mechanical compressor) for the purposes of cooling or heating the air within the container. 

Refrigerated Cargo

Cargo requiring temperature control.

Release Note

Receipt signed by customer acknowledging delivery of goods.

Roll-On/Roll-Off (Ro/Ro)

A specialized vessel designed with a ramp to facilitate driving on and off cargo, as opposed to being loaded with cranes or other lifting equipment.

Route

The manner in which a shipment moves.

Seal

Metal strip and lead/plastic fastener used for locking containers doors. Seals are numbered for record purposes.

Seawaybill

Non-negotiable transport document allowing a quick release to the receiver named on.

Shipper

Person or legal entity for whom the carrier agrees to carry the goods at a specific destination and at a specific price (contract of carriage).

Shipping Order

Equivalent of booking and contract of carriage evidencing the agreement to transport goods.

Spreader

A piece of equipment designed to lift containers by their corner castings.

Standard Shipping Note

A shipping document which accompanies the container on its journey to the port of exit and gives details about the contents of a consignment to carriers, receiving authorities and forwarders.

Stevedore

Terminal operator who is designated to facilitate the operation of loading and discharging ships and various terminal activities 

Storage Charge

Charge for goods held in storage facilities (warehouses) under a fixed agreement for periods of time, and which is not included in other arrangements.

Supply Chain

A logistical management system which integrates the sequence of activities from delivery of raw materials to the manufacturer through to delivery of the finished product to the customer into measurable components.

Supply Chain Management

The delivery of enhanced customer and economic value through synchronized management of the flow of physical goods, services and associated information from sourcing through consumption. The management of the process and activities to provide the flow of products, services and information to customers.

Surcharges

An extra or additional charge applicable.

Survey

Inspection of goods to establish the extent and cause of damage.

Tank Container

A freight container which includes two basic elements, the tank and the framework. This type of container is used to carry hazardous or non- hazardous liquids (foodstuff). It is equipped with accessories to facilitate filling and emptying and has safety devices. 

Tariff

A publication setting forth the charges, rates and rules of transportation companies. NVOCCs and VOCCs must publish and maintain tariffs.

Terminal

Part of a port with special equipment to berth ships for loading and discharging of goods from them.

Terminal handling Charge (THC)

A charge made for a service performed in a carrier’s terminal area.

Third Party-Logistics (3PL)

A company which provides logistics services to other companies for some or all of their logistics needs. It typically includes warehousing and transportation services. Most 3PL’s also have freight forwarding licenses. 

Transshipment

Transfer of containers between two ships (coupled ships or via the quay).

Twenty-Foot equivalent Unit (TEU)

The size of a standard container. One TEU generally represents a single container measuring 20 feet long, 8 feet wide and 8.5 feet high.

Ventilation

Voluntarily created circulation of air.

Warehouse

A place for the reception, delivery, consolidation, distribution, and storage of goods/cargo.

Waybill

A type of Bill of Lading used for port-to-port or combined transport carriage. A “Waybill” is identical to a negotiable Bill of Lading except that it is not a document of title.