An irrevocable letter of credit is one which obligates the issuing bank to pay the exporter when all terms and conditions of. Glossary of shipping terms paperback march 30, 2011 by u. Accessorial charges also called assessorials any additional services required outside of the standard shipping procedure require additional fees from the carrier called accessorials. This manual uses the following conventions to refer to sections, navigation and other information. The glossary of geology is available in many formats. Incoterms 2020 is the ninth set of international contract terms published by the international chamber of commerce, with the first set having been published in 1936. When you create a term in the glossary, you define it by specifying its properties. The properties of a term give it meaning and differentiate it from other terms. Introduction to basic shipping terms break bulk means coffee is stowed in the ships hold in bags the cargo is loose. This indispensable reference tool contains nearly 40,000 entries, including 3,600 new terms and nearly,000 entries with revised definitions from the previous edition. It represents ownership of the goods so its release to the intended recipient of the goods is often held until a final payment for the goods is complete. A term is a word or phrase that describes a characteristic of the enterprise.
Incoterms, international commercial terms, shipping terms. Ballast tanks compartments at the bottom of a ship that are. Glossary of geology american geosciences institute. Agi is proud to feature this fifth revised edition of the glossary of geology. Freeze protection a service agreed upon prior to shipping. An application that expedites the clearance of cargo for the subsequent release of containers. Terms are the fundamental building block of the business glossary. Symbols and conventions for definitions of unfamiliar terms, see the glossary in the manual or refer to the glossary in help.
Disclaimer this information is disseminated under the sponsorship of the department of transportation in the interest. Please select the format below for more information. Terminals, restrictions, free time, local surcharges, office calendar. To try and help you navigate our website and our catalogues we have listed some of the most common terms below. This basically describes whether the shipment service provided is between ports or fromto another. A pricing structure in which a seller offers a lower price if the buyer buys a larger quantity. Glossary backhaul to haul a shipment back over part of a route that it has already traveled.
Glossary of shipbrokering terms, terms used by ship brokers, ship owners and shipping agents and freight forwarders. Freight transport is the physical process of transporting commodities and merchandise goods and cargo. A pricing term indication that the cost of the goods and freight charges are included in the quoted price. Glossary of shipping terms alliance shipping group. Common freight term glossary and explanations freightos. Included in this glossary, are more than 200 education and disabilityrelated terms that have been translated from english to spanish by eighteen individuals involved in providing training and information for spanish speaking families from dozens of countries. Terms from this group have one thing in common, they are all terms used. Sometimes the bags are left in the loading slings to speed up discharge at destination, at the expense though of less freight capacity per cubic metre.
Air brake the air brake system on tractors is operated by air and consists of air lines, valves, tanks, and an air compressor. Chapter 5, inquiries, explains how to view the shipping document information that you have entered in the system. Consortium a group of combined transport operators who agree to rationalise sailing in a trade and carry each others cargo. This is the right place where find the answers to your questions like. Get the easy explanations of what it all means at shippo here we provide glossary of shipping terms and freight terms with further explanations of common terms. Liner terms freight rates which include loadingunloading charges, generally with regular shipping lines. All vessels designed for the carriage of liquid bulk cargoes 80,000 119,999 dwt, including oil and products, chemical and other specialised. Common freight term glossary and explanations there are so many freight related terms that sometimes even the pros are left scratching their heads. The term shipping originally referred to transport by sea but in american.
Cutoff time closing time the latest time a container may be delivered to a terminal for loading to a scheduled barge, vessel, train, or truck. The glossary of terms got is an nfpa staff managed project. A bill of adventure is a document signed by the master of the ship that carries goods at owners risk. The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. Glossary of shipping terms download pdf weve put together this shipping glossary chart to help you navigate the international shipping. An irrevocable letter of credit is one which obligates the issuing bank to pay the exporter when all terms and conditions of the letter of credit have been met. Shipping terms and definitions arcbest corporation. An action wherein a shipperconsignee seeks authority to abandon all or parts of their cargo. Cut off date the last date for which goods can be accepted for a. This indispensable reference tool contains nearly 40,000 entries, including 3,600 new terms and nearly,000 entries with revised definitions from the previous. The number of terms has been reduced from thirteen to eleven. Msc is a world leader in global container shipping, dedicated to providing efficient transport solutions. Obsolete, albeit heavily used, term of sale meaning cargo and freight whereby seller pays for cost of goods and freight charges up to destination port.
The term applied by australian customs to the computer. A customs duty which is a percentage made upon the value of goods. Glossary of shipping terms a shipment freight terms. A glossary of common freight shipping and cargo transportation terms, including lingo used in the 3pl brokerage and trucking industry. Phytosanitary certificates also be issued to support remay. Glossary of shipping terms gt international logistics. Number assigned to a company or person for reference to discount, address, phone number, etc. Dictionary of shipping terms, third edition sullivan, eric. Incoterms glossary exw ex works exw ex works means that the sellers only responsibility is to make the goods available at his premises that is, works or factory. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. Port charge relating to a vessel moored at approved anchorage site in a harbor. Glossary of terms accessorial charges charges that are applied to the base tariff rate or base contract rate, e. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business.
Glossary of freight related terms, explaining everything from accessorial charges to wharfage. Brush up on your international shipping vocabulary or find the definition for a specific shipping or customs term. 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. Disclaimer this information is disseminated under the sponsorship of the department of transportation in the interest of information exchange. Pdf glossary of shipping terms waleed saleh academia. Using comparison functions, we can list each document that uses specific terms and determine which documents use the same definitions of that term. Common freight term glossary and explanations there are so many freightrelated terms that sometimes even the pros are left scratching their heads. In particular, he is not responsible for loading the goods in a vehicle apply only at the point of origin, and the seller agrees to place the goods at the disposal of the.
Daily running cost cost per day of operating a ship. Phytosanitary certificates are issued to attest that plants, plant products or other regulated articles meet the phytosanitary import requirements of importing countries and are in conformity with the certifying statement. A vessel specifically designed to carry iso standard containers, with cellguides under deck and necessary fittings and equipment on deck. Sources drawn on in developing definitions for this glossary include.
Glossary of international shipping, customs and regulatory terms. Department of transportation in the interest of information exchange. Definitions are extracted from each code and standard and compiled into a pdf. When a bill of lading is accepted or signed by a shipper or shippers agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent. It contains the buyers name and address, the shipto address, the quantity, product code and expected price, requested ship or receipt date and sales and shipping terms. A point beyond the midpoint of a ships length, toward the stern relative to an object or point of reference abaft the fore hatch. Normally it contains a brief description of the goods, documents required, a shipping date, and an expiration date after which payment will no longer be made.
Advance charge transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee. Our exhaustive glossary fleshes out freight, clarifies cargo, and demystifies the documents with easytounderstand explanations of the words and acronyms you will encounter most. Intermodal intermodal shipping incorporates more than one mode of transportation, such as combining the use of trucks and trains to cover more ground in a timely manner. Jan 01, 2014 the terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Incoterms 2020 defines 11 rules, the same number as defined by incoterms 2010. Incoterms definitions cfr, cif, cpt, cip universal shipping news.
Disclaimer this information is disseminated under the sponsorship of the u. Glossary of educational terms many uk and international educational terms are unfamiliar to some schools and booksellers. Shipping and importing is filled with complicated terminology. A sum of money paid to the shipowner by the charterer under a voyage charter, usually calculated either per ton loaded or as a lumpsum amount. A bareboat charter involves the use of a vessel usually over longer periods of time. Glossary of international shipping terms old dominion freight line. Introduction to basic shipping terms the coffee guide. Ballast keel a heavy keel fitted to vessels to lower the center of gravity and improve stability.
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