Useful Information

Shipping Glossary

Accreditation	Certification by duly recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service, or operational group or individual to provide the specific service or operation needed. For example, the Registrar Accreditation Board accredits those organizations that register companies to the ISO 9000 series standards.
Ad Valorem	In proportion to the value.
Agent (Agt.)	A person authorized to transact business for, and in the name of, another person or company.
Air Waybill	An AWB is a bill of lading which covers both domestic and international flights transporting goods to a specified destination. Technically, it is a non-negotiable instrument of air transport which serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed therein and obligates itself to carry the consignment to the airport of destination according to specified conditions. Normally AWB refers to the Air Waybill issued by carrying airlines and also called Master Air Waybill (MAWB) which comes with three digits of numeric airline identification codes issued by IATA to non-U.S. based airlines and Air Transport Association of America to U.S. based airlines.
Air Waybill	An AWB is a bill of lading which covers both domestic and international flights transporting goods to a specified destination. Technically, it is a non-negotiable instrument of air transport which serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed therein and obligates it to carry the consignment to the airport of destination according to specified conditions. Normally AWB refers to the Air Waybill issued by carrying airlines and also called Master Air Waybill (MAWB) which comes with three digits of numeric airline identification codes issued by IATA to non-U.S. based airlines and Air Transport Association of America to U.S. based airlines.
Aircraft Container	A unit load device (ULD) which links directly with the airplane cargo handling and restraint system.
Aircraft Container	A unit load device (ULD) which links directly with the airplane cargo handling and restraint system.
AMS	Automated Manifest System. An application that expedites the clearance of cargo for the subsequent release of containers when imported to the U.S. through electronic submission of cargo manifests in lieu of bulk paper manifests.
Arrival notice	An advice that the carrier sends to the consignee advising of goods coming forward for delivery. Pertinent information such as BL number, container number and total charges due from consignee etc., are included and sent to consignee prior to vessel arrival. This is done gratuitously by the carrier to ensure smooth delivery but there is no obligation by the carrier to do so. The responsibility to monitor the transit and present him to take timely delivery still rests with the consignee.
ASEAN	The Association of Southeast Asian Nations (ASEAN) agreed in January 1992 to create a free trade area (ASEAN Free Trade Area, or AFTA) with use of a common effective preferential tariff. Under the agreement ASEAN members will cut tariff rates within 15 years of its start date of January 1994. Manufactured goods from 15 sectors designated as "fast track" are subject to tariff reduction to 0-5 percent within 10 years, and seven years if the starting rates were already below 20 percent. "Fast track" sectors include vegetable oils, cement, chemicals, pharmaceuticals, fertilizer, plastics, rubber products, leather products, pulp, textiles, ceramic and glass products, gems and jewelry, copper cathodes, electronics, and wooden and rattan furniture
Asia Pacific Economic Cooperation (APEC)	APEC, established in November 1989, is an informal grouping of Asia Pacific countries that provides a forum for Ministerial level discussion of a broad range of economic issues. APEC includes the six ASEAN countries (Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand), plus: Australia, Canada, China, Hong Kong, Japan, New Zealand, South Korea, Taiwan, and the United States.
ATA	Actual Time of Arrival
ATD	Actual Time of Departure
Automated Broker Interface (ABI)	ABI, a part of Customs' Automated Commercial System, permits transmission of data pertaining to merchandise being imported into the United States. Qualified participants include brokers, importers, carriers, port authorities, and independent data processing companies referred to as service centers.
Automated Clearinghouse	The Automated Clearinghouse (ACH) is a feature of the Automated Broker Interface which is a part of Customs' Automated Commercial System. The ACH combines elements of bank lock box arrangements with electronic funds transfer services to replace cash or check for payment of estimated duties, taxes, and fees on imported merchandise.
Awkward cargo	Cargo of irregular size that can either be containerized (packed in container) or non-containerized (without equipment associated with) during transportation. It requires prior approval on a case by case basis before confirmation of booking.
Axle load	Maximum load permitted to be carried on each axle of a motor vehicle.
Bank Release	Negotiable time draft drawn on and accepted by a bank which adds its credit to that of an importer of merchandise
Banker's Acceptance	A banker's acceptance is a draft drawn on and accepted by a bank. Depending on the bank's creditworthiness, the acceptance becomes a financial instrument which can be discounted.
Banker's Draft	Draft payable on demand and drawn by or on behalf of the bank itself; it is regarded as cash and cannot be returned unpaid.
Banker's Guarantee	An assurance, obtained from a bank by a foreign purchaser; that the bank will pay an exporter up to a given amount for goods shipped if the foreign purchaser defaults.
Bill of lading (B/L)	Official legal document representing ownership of cargo, a negotiable document to receive cargo, and the contract for cargo between the shipper and the carrier.
Block train	Railcars grouped in a train by destination so that segments (blocks) can be uncoupled and routed to different destinations as the train moves through various junctions. Eliminates the need to break up a train and sort individual railcars at each junction.
Bls.	Bales. A kind of customary packing unit.
Bobtail	Movement of a tractor, without trailer, over the highway.
Bona fide	In good faith.
Booking number	A reference number for bookings registered. It should be unique without duplication for a three-year period.
Bow	The front of a vessel.
Box	Common term for an ocean going freight container.
Boxcar	A closed freight car.
BPS	Business Process and Systems - section within ISD responsible for implementation of IRIS-2 and user support in system and business processes.
Break Bulk (B/B)	For consolidated air freight, it is moved under one MAWB and each consignment designated to specific consignee or recipient is under one HAWB. When freight forwarder receives the consolidated cargo from carrier, they will break the consolidation apart per HAWB then precedes customs clearance along with associated shipping and import documents. Such Break-Bulk is normally handled by airlines or their contracted ground handling agent.
Break-bulk cargo	Goods shipped loose in the vessel’s hold and not in a container.
British Thermal Unit (BTU)	The amount of heat required to produce a temperature change of one degree Fahrenheit in one pound of water.
Bulk carriers	A vessel carrying dry, liquid, grain, not packaged, bundled or bottled cargo, and is loaded without marks & number or count.
Bull rings	Cargo-securing devices mounted in the floor of containers; allow lashing and securing of cargo.
Bunker surcharge (BAF, BSC)	Bunker Adjustment factor (BAF), or Bunker Surcharge (BSC) are surcharges assessed by the carrier to freight rates to reflect current cost of bunker.
Bunkers	Heavy oil used as fuel for ocean vessels.
C.A.F.	Currency Adjustment Factor. Surcharge percentage applied to freight rates to reflect currency fluctuations.
C.B.M. (C.M.)	Cubic meter.
C.K.D.	Abbreviation for Cars Knocked Down. Automobile parts and subassemblies manufactured abroad and transported to a designated assembly plant. A classification of Third Party International shippers. See Knocked Down.
C.O.D.	Collect (cash) on Delivery; Carried on Docket (pricing); Change of Destination.
Cargo manifest	A manifest that lists only cargo, without freight and charges.
Carriage Paid To	Carriage paid to (CPT) and carriage and insurance paid to (CIP) a named place of destination. Used in place of CFR and CIF, respectively for shipment by modes other than water.
Carrier	Any individual, company or corporation engaged in transporting goods.
Cash Against Document	A term denoting that payment is made when the bill of lading is presented.
Cash Against Document	A term denoting that payment is made when the bill of lading is presented.
Cash On Delivery	COD means payment to be made upon the delivery of goods.
Cash With Order	CWO is a means of payment in which the buyer pays cash when ordering; the order is binding on both seller and buyer.
Cells	The construction system employed in container vessels; permits below ship containers to be stowed in a vertical line with each container supporting the one above it.
Cellular vessel	A vessel designed with internal ribbing to permit the support of stacked containers.
Certificate of Inspection	A document certifying that merchandise (such as perishable goods) was in good condition immediately prior to shipment. Pre-shipment inspection is a requirement for importation of goods into many developing countries.
Certificate of Inspection	A document certifying that merchandise (such as perishable goods) was in good condition immediately prior to shipment. Pre-shipment inspection is a requirement for importation of goods into many developing countries.
Certificate of Manufacture	A document (often notarized) in which a producer of goods certifies that the manufacturing has been completed and the goods are now at the disposal of the buyer.
Certificate of origin	Document certifying the country of origin of goods which is normally issued or signed by a Chamber of Commerce or Embassy.
Certificate of Origin	Certain nations require a signed statement as to the origin of the export item. Such certificates are usually obtained through a semiofficial organization such as a local chamber of commerce. A certificate may be required even though the commercial invoice contains the information.
CFC's (Chlorofluorocarbons)	Chemical compounds containing mixtures of carbon, chlorine and fluorine molecules. Because of their stability, lack of flammability and ability to absorb and give up heat readily, CFC's have in the past had been popular refrigerants. However, CFC's have been found to contribute to the deterioration of the ozone layer of the upper atmosphere, which is a condition, believed to be hazardous to global health. These compounds should not be released into the atmosphere, but should be carefully collected for recycling. Production of CFC's is being phased out by an international convention, the Montreal Protocol.
CFS/CFS	A kind of cargo movement by container. Delivered loose at origin point with vanning by carrier, divined by carrier at destination, and picked up loose at destination.
Chassis	A wheeled flat bed or a trailer constructed to accommodate containers moved over the road.
CIF	A price term commonly used in International Trade practice, meaning price quoted including cost of goods, cost of insurance covering the risk of goods during its transportation and associated transportation fee. Normally it comes with destination and means of transportation ie. air or sea. (Example: CIF Osaka Airport)
Closing date	Last day on which export cargo can be accepted for a nominated sailing.
Commercial Invoice	The commercial invoice is a bill for the goods from the seller to the buyer. These invoices are often used by governments to determine the true value of goods for the assessment of customs duties and are also used to prepare consular documentation. Governments using the commercial invoice to control imports often specify its form, content, and number of copies, language to be used, and other characteristics.
Commercial Invoice	The commercial invoice is a bill for the goods from the seller to the buyer. These invoices are often used by governments to determine the true value of goods for the assessment of customs duties and are also used to prepare consular documentation. Governments using the commercial invoice to control imports often specify its form, content, number of copies, language to be used, and other characteristics.
Confirmed Letter of Credit	A letter of credit, issued by a foreign bank, whose validity has been confirmed by an American bank. An exporter whose payment terms are a confirmed letter of credit is assured of payment even if the foreign buyer or the foreign bank defaults.
Consignee	The person or firm named in a freight contract to whom goods have been consigned or turned over. For export control purposes, the documentation differentiates between an "intermediate" consignee and an "ultimate" consignee.
Consignment	Delivery of merchandise from an exporter (the consignor) to an agent (the consignee) under agreement that the agent sell the merchandise for the account of the exporter. The consignor retains title to the goods until sold. The consignee sells the goods for commission and remits the net proceeds to the consignor.
Consolidated cargo	Cargo containing shipments of two or more shippers, usually shipped by a firm called a consolidator. The consolidator takes advantage of lower F.C.L. rates, and savings are passed on to shippers.
Consolidation	The combination of many small shipments into one container.
Consolidator	A person or firm performing a consolidation service for others.

Consortium	Group of carriers pooling resources in a trade lane to maximize their resources efficiently.
Container	A receptacle designed to transport cargo of many types in continuous transportation.
Container freight station (CFS, C.F.S.)	Consolidation depots where parcels of cargo are grouped and loaded into containers.
Container gross weight	Please refer to Gross Weight.
Container load plan (CLP)	A document prepared to show all details of cargo loaded in a container, e.g. weight (individual and total), measurement, markings, shippers, consignees, the origin & destination of goods, and location of cargo within the container.
Container number	The unique identification of a container.
Container seal number	The number of high security seals provided by OOCL.
Container size	The length of a container i.e. 20'', 40'' and 45'' (feet).
Container terminal	Also referred to as a Container Yard (CY). A facility that receives full export containers from one shipper to loading the vessel and delivers full import containers to the consignee after; it is the same location where ocean vessels are loaded & unloaded.
Container type	The purpose of a container of which the code is to be adhered to ISO standard.
Containership	An ocean vessel specifically designed to carry ocean cargo containers. It is fitted with vertical cells for maximum capacity.
Controlled atmosphere (CA)	An atmosphere in which oxygen, carbon dioxide and nitrogen concentrations are regulated, as well as temperature and humidity.
Cost and Freight (C&F)	Cost and Freight (CFR) to a named overseas port of import. Under this term, the seller quotes a price for the goods that includes the cost of transportation to the named point of debarkation. The cost of insurance is left to the buyer's account. (Typically used for ocean shipments only. CPT, or carriage paid to, is a term used for shipment by modes other than water.) Also, a method of import valuation that includes insurance and freight charges with the merchandise values.
Cost, Insurance and Freight (CIF)	Cost, insurance, and freight (CIF) to a named overseas port of import. Under this term, the seller quotes a price for the goods (including insurance), all transportation, and miscellaneous charges to the point of debarkation for the vessel. (Typically used for ocean shipments only. CIP, or carriage and insurance paid to, is a term used for shipment by modes other than water.)
Country of Origin	The U.S. Customs Service defines country of origin as the country where an article was wholly grown, manufactured or produced, or, if not wholly grown, cultivated or produced in one country, the last country in which the article underwent a substantial transformation. Duty rates vary according to the country of origin.
Cu.	Cubic. A unit of volume measurement.
Cubic foot	1,728 cubic inches.
Custom house	A country Treasury Department office where duties, etc., on foreign shipments are handled.
Customs bonded warehouse	a public or privately owned warehouse where dutiable goods are stored pending payment of duty or removal under bond. The storage or delivery of goods are under the supervision of customs officers and if the warehouse is privately owned the keeper has to enter into a bond as indemnity in respect of the goods deposited, which may not be delivered without a release from the customs.
Customs Clearance	The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval.
Cut-off time	Latest possible time the cargo may be delivered to the vessel or designated point.
Cwt.	Hundredweight (U.S.A., 100 pounds; United Kingdom, 112 pounds).
CY	Container Yard. See "Container Terminal".
CY/CFS	Cargo loaded in a full container by a shipper at origin, delivered to pier facility at destination, and then divined by the carrier for loose pick up.
CY/CY	Cargo loaded by the shipper in a full container at origin and delivered to the carrier's terminal at destination for pick up intact by consignee.
D & H	Dangerous and Hazardous. (Also see "Dangerous Goods")
D.W.	Dead Weight. The number of tons a ship can transport of cargo, stores and bunker fuel. (Also see "Deadweight Tonnage")
Dangerous Goods	The term used by I.M.C.O. for hazardous materials which are capable of posing a significant risk to health, safety or property while being transported.
DDC	Destination Delivery Charges. A charge assessed by the carrier for handling positioning of a full container.
DDP	Delivery Duty Paid
DDU	Delivery Duty Unpaid
Dead Space	Space in a car, truck, vessel, etc., that is not utilized.
Deadweight Tonnage (D/W)	The number of total weight tons that a vessel can transport of cargo, stores and bunker fuel. It is the difference between the number of tons of water a vessel displaces "light" and the number of tons it displaces when submerged to the "load line."
Dedicated Unit Train	An unit train operated by various railroads for exclusive usage.
Delivered/Duty Paid	While the term "Ex Works" signifies the seller's minimum obligation, the term "Delivered Duty Paid", when followed by words naming the buyer's premises, denotes the other extreme -- the seller's maximum obligation. The term "Delivered Duty Paid" may be used irrespective of the mode of transport. If the parties wish that the seller should clear the goods for import but that some of the cost payable upon the import of the goods should be excluded -- such as value added tax (VAT) and/or other similar taxes -- this should be made clear by adding words to this effect (e.g., "exclusive of VAT and/or taxes").
Delivery Instructions	Provides specific information to the inland carrier concerning the arrangement made by the forwarder to deliver the merchandise to the particular pier or steamship line. Not to be confused with Delivery Order which is used for import cargo?
Delivery Order	A document authorizing delivery to a nominated party of goods in the care of a third party. Can be issued by a carrier on surrender of a bill of lading and then used by the merchant to transfer title by endorsement.
Depot Container	Container freight station or a designated area where empty containers can be picked up or dropped off.
Destination	The place where the carrier actually turns over the cargo to consignee or his agent.
Detention	Charges raised for detaining container/trailer at customer’s premises for longer period than provided in Tariff.
Detention Charge	See "Detention".
Devanning	The removal of cargo from a container. Also known as unsnuffing, unloading or stripping.
DFG	Dynamic Flow Guidelines -- which is used to control the on-land stock level of each region taking into account of the traffic pattern and local vanning/devanning dwell time? The shortest the dwell time, the lowest the DFG and the more efficient the equipment utilization will be.
Differential Rate	An amount added or deducted from base rate to make a rate to or from some other point or via another route.
Diversion	A change made in the route of a shipment in transit.
Divert	The route of a shipment changed in transit from that shown on the original billing. Used interchangeably with recon sign.
Dock	(a) The water alongside a pier or wharf. (b) Loading or unloading platform at an industrial location or carrier terminal.
Dock Receipt	A form used to acknowledge receipt of cargo at a steamship pier. When delivery of a foreign shipment is completed, the dock receipt is surrendered to the vessel operator or the operator's agent and serves as basis for preparation of the ocean bill of lading.
Documents Against Acceptance (D/A)	Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer (or drawer) only upon the buyer's acceptance (signature on) of the attached draft.
Documents Against Payment (D/P)	Stipulate that the exporter ships goods to the importer without a letter of credit or another form of guaranteed payment. The importer must sign a sight draft before receiving the necessary documents to pick up the goods. Documents Against Acceptance (D/A) are instructions given by a shipper to a bank stating that the documents transferring title to goods should be delivered to the buyer only upon the signing of a time draft. In this manner an exporter extends credit to the importer and agrees to accept payment at a readily determined future date.
Door-to-Door	Through transportation of a container and its contents from consignor's premises to consignee's premises.
Double-Deck Load	A second tier of cargo placed on top of the first tier.
Dray	A truck or other equipment designed to haul heavy loads.
Drayage	Charge made for local hauling by dray or truck.
Dry Cargo	Cargo that does not require temperature control.
Dry Dock	An enclosed basin into which a ship is taken for underwater cleaning and repairing. It is fitted with watertight entrance gates which when closed permit the dock to be pumped dry.
Dry-Bulk Container	A container constructed to carry grain, powder and other free flowing solids in bulk.
DST	Double Stack Train. Rail or train capable of carrying two 40' containers, one on top of the other.
Tonnage	Lumber or other material used to brace material in carrier's equipment.
Dwell Time	It is expressed in term of no. of day that a container changed from one status to another e.g. from under inbound load (UIL) to empty available (MTA) to under outbound load (UOL). The shorter the dwell time, the more efficient the container utilization will be.
ECU	European Currency Units. A financial unit used for EC accounting.
En route	Along the route of movement.
ETA	Expected Time of Arrival
ETD	Expected Time of Departure
Ex Works	Ex Works (EXW) at a named point of origin (examples are: ex-factory, ex-mill, ex warehouse). Under this term, the price quoted applies only at the point of origin and the seller agrees to place the goods at the disposal of the buyer at a specified place on the date or within the period fixed. All other charges are for the account of the buyer.
Export	Shipment of goods to another country.
Export Declaration	A government document permitting designated goods to be shipped out of the country.
Export License	A government document (also known as an "Individual Validated License") authorizing exports of specific goods in specific quantities to a particular destination. This document may be required in some countries for most or all exports and in other countries only under special circumstances.
Export Processing Zones	EPZs are a form of free trade zone which provide incentives for industrial or commercial export activity. Export processing zones are located in developing countries and are usually in defined areas, industrial parks, or facilities which provide free trade zone benefits and usually offer additional incentives, such as exemption from normal tax and business regulations. The zones, which began appearing around 1975, are sometimes referred to as Special Economic Zones or Development Economic Zones.
F.A.K.	Freight All Kind. System whereby freight is charged per container, irrespective of the nature of the goods, and not according to a Tariff.
F.A.S.	Free Alongside Ship.
F.C.L.	Full Container load. Arrangement whereby shipper utilizes all the space in a container which he packs himself.
F.I.O.	Free In and Out.
F.O.B.	Stands for Free On Board which a mercantile expression is used in sale contracts denoting that goods have to be delivered by the shippers on board the vessel at a particular place, free of charge.
FCL/LCL	See CY/CFS.
Feeder Vessel	Vessel employed in normally short sea routes to fetch or carry goods and containers to and from ocean going vessels.
FEU	Forty-foot Equivalent Unit (40'' or 2 TEUs)
Final Destination (FND)	End of carrier’s liability where carrier delivers the cargo to consignee.
Flash Point	A temperature that when certain inflammable cargo reaches will trigger spontaneous ignition. It is an IMCO standard information requirement for dangerous goods.
FMC	Federal Maritime Commission. US Government Agency responsible for regulatory aspects of all maritime activities.
Foreign Trade Zones	FTZs are the U.S. form of free trade zones. These zones are restricted-access sites in or near ports of entry that operate under public utility principles to create and maintain employment by encouraging operations in the U.S. which might otherwise have been carried on abroad. Goods brought into a zone for a bona fide Customs reason are exempt from state and local ad valorem tax. The zones are licensed by the Commerce Department's Foreign-Trade Zones Board and operate under the supervision of the Customs Service. Quota restrictions do not normally apply to foreign goods stored in zones, but the Board can limit or deny zone use in specific cases on public interest grounds. Domestic goods moved into a zone for export may be considered exported upon entering the zone for purposes of excise tax rebates and drawback. A foreign trade "subzone" is a non-contiguous zone site located at a manufacturing plant.
Free On Board (FOB)	Common price term used in international trade meaning sellers responsible for the cost of goods is to the point of loading it to the vessel deck or aircraft loading deck. The risk of loss of or damage to the goods is transferred from the seller to the buyer when the goods have been so delivered. FOB normally comes with port of loading either airport or sea port.
Free Trade Zones	"Free Trade Zones" (sometimes called "customs free zones" or "duty free zones") is a generic term referring to special commercial and industrial areas at which special customs procedures allow the importation of foreign merchandise (including raw materials, components, and finished goods) without the requirement that duties be paid immediately. If the merchandise is later exported, duty free treatment is given to re-exports. The zones are usually located in or near ports of entry. Merchandise brought into these zones may be stored, exhibited, assembled, processed or used in manufacture prior to re-export or entry into the national customs territory. When manufacturing activity occurs in free trade zones, it usually involves a combination of foreign and domestic merchandise, and usually requires special governmental authority. Types of free trade zones include: foreign trade zones (and foreign trade subzones); free ports; and transit zones.
Freight	(a) The price paid to the carrier for the transportation of goods or merchandise by sea from one place to another. (b) Freight is also used to denote goods which are in the process of being transported from one place to another.
Fresh Air Exchange (FAE)	The fresh air exchange system on a reefer removes harmful gases from reefers carrying sensitive perishable commodities. The fresh air vent is located on the reefer machinery end of the container. The fresh air vent is adjustable to accommodate a variety of cargo and chilled load operating conditions. The fresh air vent should be tightly closed when carrying frozen cargo.
Full Cellular Ship	A ship fitted for container carriage in all available space. The ship is fitted with vertical cells for container placement both below and above deck. No provisions are available for cargo other than containers.
Fumigation	Treatment with a pesticide active ingredient that is a gas under treatment conditions.
G.R.I.	General Rate Increase
GATT	General Agreement on Tariff and Trade. An international multilateral agreement embodying a code of practice for fair trading in international commerce.
General Average	General average is an unwritten, non-statutory, international maritime law which is universally recognized and applied. It is founded on the principle that vessel and goods are parties to the same venture and share exposure to the same perils, which may require sacrifice or the incurring of extraordinary expense on the part of one for the benefit of the whole venture.
Gen set (Generator Set)	A portable power generator, which converts fuel into electrical power by mechanical means, and from which a reefer draws power. A clip-on generator set is mounted to the front of the refrigeration unit. An under slung generator set is mounted to the chassis upon which the reefer is mounted for handling and transport. The under slung generator set can be either side-mounted or center-mounted on the chassis.
Gooseneck	The front rails of the chassis that raise above the plane of the chassis and engage in the tunnel of a container.
Gross Tonnage	Applies to vessels, not to cargo. Determined by dividing by 100 the contents, in cubic feet, of the vessel's closed-in spaces. A vessel ton is 100 cubic feet.
Gross Weight	Entire weight of goods, packaging and container, ready for shipment.
Hague Rules	1924 International Convention on Carriage of Goods by Sea. These rules govern liability for loss or damage to goods carried by sea under a bill of lading.
Hague-Visby Rules	1968 Revision of Hague Rules.
Hamburg Rules	In March 1978 an international conference in Hamburg adopted a new set of rules (The Hamburg Rules), which radically alter the liability which ship-owners have to bear for loss or damage to goods in the courts of those nations where the rules apply.
Harmonized Commodity Description and Coding System	A multi-purpose international goods-classification for manufacturers. Transporters, exporters, importers, customs officials, statisticians, and others in classifying goods moving in international trade under a single commodity code. Developed under the auspices of the Customs Cooperation’s Council (CCC), an international customs organization in Brussels, this code is a hierarchically structured product nomenclature containing approximately 5,000 headings and subheadings describing the articles moving in international trade. It is organized into 99 chapters arranged in 22 sections. Sections encompass an industry [ (e.g., Section XI, Textiles and Textile Articles); chapters encompass the various materials and products of the industry (e.g.: Chapter 50, Silk; Chapter 55, Manmade Staple Fibers; Chapter 57, Carpets).] The basic code contains four-digit headings and six-digit subheadings. (The U.S. will add digits for tariff and statistical purposes. In the U.S. duty rates will be the 8-digit level; statistical suffixes will be at the 10-digit level. The Harmonized System (HS) is scheduled to supplant the current U.S. tariff schedule (TSUSA) in January 1988.)
Hatch	The opening in the deck of a vessel; gives access to the cargo hold.
Hauler	The participating carrier responsible for drayage.
HAWB	House Air waybill issued by carrying airlines' agent, normally freight forwarder.
Heavy Lift	Articles too heavy to be lifted by a ship's tackle.

Heavy-Lift Charge	A charge made for lifting articles too heavy to be lifted by a ship's tackle.
High Cube	Any container which exceeds 8 feet 6 inches (102 inches) in height, usually 9 feet 6 inches.
House B/L	Bill of lading issued by forwarder.
House-to-House (H/H)	See CY/CY.
House-to-Pier (H/P)	See CY/CFS.
Hull	The body of a vessel exclusive of masts, yards, sails, rigging, machinery and equipment.
Hull Underwriter	The person with whom the ship’s hull, machinery apparel, and tackle is insured.
I.M.C.O.	International Maritime Consultative Organization. A forum in which most major maritime nations participate and through which recommendations for the carriage of dangerous goods, bulk commodities and maritime regulations become internationally acceptable.
I.P.I.	Inland Points Intermodal. Inland carriage by another mode of transportation after discharge.
IATA	International Air Transport Association (IATA), established in 1945, is a trade association serving airlines, passengers, shippers, travel agents, and governments. The association promotes safety, standardization in forms (baggage checks, tickets, weigh bills), and aids in establishing international airfares. IATA headquarter is in Geneva, Switzerland.
IMDG Code	International Maritime Dangerous Goods Code. The IMO recommendations for the carriage of dangerous goods by sea.
Import	Shipment of goods from a foreign country.
Import Certificate	The import certificate is a means by which the government of the country of ultimate destination exercises legal control over the internal channeling of the commodities covered by the import certificate.
Import License	A document required and issued by some national governments authorizing the importation of goods. Also referred as import permit. With such documentation, customs clearance can be conducted.
Import Permit	Usually required for items that might affect the public health, morals, animal life, vegetation, etc. Examples include foodstuffs, feedstuffs, pharmaceuticals (human and veterinary), medical equipment, seeds, plants and various written material (including tapes, cassettes, movies, TV tapes or TV movies). In some countries an import permit is the same as an import license.
In Transit	In transit, or in passage.
Inbound	Inward bound. Direction of vessel or cargo going to port of discharge or final destination.
Incoterms	Incoterms are a set of uniform rules codifying the interpretation of trade terms defining the rights and obligation of both buyer and seller in an international transaction, thereby enabling an otherwise complex basis for a sale contract to be accomplished in three letters. Incoterms are drafted by the International Chamber of Commerce.
Inland Clearance Depot	A CFS with Customs Clearance Facilities.
Insulated Container	A container insulated on the walls, roof, floor and doors, to reduce the effect of external temperatures on the cargo.
Insulated Tank Container	The frame of a container constructed to hold one or more thermally insulated tanks for liquids.
Insurance Certificate	This certificate is used to assure the consignee that insurance is provided to cover loss of or damage to the cargo while in transit.
Interchange	Transfer of a container from one party to another.
Interchange Points	A terminal at which freight in the course of transportation is delivered by one transportation line to another.
Intercostal	Water service between two coasts; usually refers to water service between a point on the Atlantic and Pacific Coasts.
Intermediate Consignee	An intermediate consignee is the bank, forwarding agent, or other intermediary (if any) that acts in a foreign country as an agent for the exporter, the purchaser, or the ultimate consignee, for the purpose of effecting delivery of the export to the ultimate consignee.
Intermodal	Used to denote movements of cargo or container between motor, rail or water carriers.
Intermodal Transport	Moving ocean freight containers by various transportation modes. The fact that the containers are of the same size and have common handling characteristics permits them to be transferred from truck to railroad to air carrier to ocean carrier.
International Organization for Standardization (ISO)	ISO is a worldwide federation of national standards bodies from some 130 countries, one from each country. It is a non-governmental organization established in 1947 to promote the development of standardization facilitating international trade. ISO's work results in international agreements which are published as International Standards.
Keel	The main center-line structural member, running fore and aft along the bottom of a ship, sometimes referred to as the backbone.
Knot	A unit of speed. The term "knot" means velocity in nautical miles per hour whether of a vessel or current. One nautical mile is roughly equivalent to 1.15 statute miles or 1.85 kilometers.
L.C.L.	Less than Container Load. Cargo in quantity less than required for the application of a container load rate.
Letter of Indemnity	Guarantee from the shipper or consignee to indemnify carrier for costs and/or loss, if any, in order to obtain favorable action by carrier, e.g. sometimes, it is used to allow consignee to take delivery of goods without surrendering B/L which has been delayed or become lost (for straight consignment case).
Lien	A legal claim upon goods for the satisfaction of some debt or duty.
Lift-On/Lift-Off (LO - LO)	A container ship onto which containers are lifted by crane.
Lighter	An open or covered barge towed by a tugboat and used mainly in harbors and inland waterways.
Lighter age	Refers to the carriage of goods by lighter and the charge assessed therefore.
Line-haul	Transportation from one city to another as differentiated from local switching service.
Liner	Vessel plying a regular trade/defined route against a published sailing schedule.
Liner Terms	Freight includes the cost of loading onto and discharging from the vessel.
Lloyds' Registry	An organization maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment.
Load Factor	Percent of loaded containers against total capacity of vessel or allocation.
Locking Bar	Device that secures container doors at top and bottom.
Long Ton	2,240 pounds. (l.t, l.tn.)
Longshoreman	Individual employed locally in a port to load and unload ships.
Loose	Without packing.
Low-Bed	A trailer or semi-trailer with no sides and with the floor of the unit close to the ground.
Manifest	Document that lists in detail all the bills of lading issued by a vessel or its agent or master, i.e., a detailed summary of the total cargo of a vessel. Used principally for customs purposes. It is also called summary of Bills of lading.
Marine Insurance	Broadly, insurance covering loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, piracy and various other causes but excludes losses that can be legally recovered.
Maritime	Business pertaining to commerce or navigation transacted upon the sea or in seaports in such matters as the court of admiralty has jurisdiction over.
Marks & Nos.	Marks & Numbers placed on packages for export for identification purposes; generally a triangle, square, circle, diamond, or cross with letters and/or numbers and port discharge.
Master Lease	Master lease is one form of a short-term lease, which refers to the leasing of the container from those leasing companies who have master lease agreement with OOCL.
Master Lease Leasing Cost	Master lease leasing cost includes container rental, depot lift on/lift off charge, on/off hire drayage, Drop off charge and Off hire repair cost. Due to off-hire quota limitation, the average on-hire period is around 73 days for 20' DC /40'HC and 102 days for 40'HC. On average basis, the leasing cost is US$500/20'gp, US$700/40'gp and US$800/40'hq.
Mate's Receipt	A receipt signed by a mate of the vessel, acknowledging receipt of cargo by the vessel. The individual in possession of the mate's receipt is entitled to the bill of lading, which in due course is issued in exchange for that receipt.
Maximum Payload	Maximum cargo that can be loaded into a container either by weight or volume.
Maximum Rate	The highest freight rate permitted by a regulatory body to apply between points.
Measurement Ton	1 cubic meter. One of the alternative bases of Freight Tariff.
Micro bridge	A land bridge movement in which cargo originating/destined to an inland point is railed or trucked to/from the water port for a shipment to/from a foreign country. The carrier is responsible for cargo and costs from origin to destination. Also known as I.P.I. and Through Service.
Mileage	Distance in miles.
Mini Land bridge (MLB)	An intermodal system for transporting containers from/to a foreign country by water to/from a U.S. ocean port other than the arrival port by rail at through rates and documents.
Mini-Bridge	Cargo moving from/to an inland destination on one bill of lading from/to a foreign port through two U.S. ports.
Minimum Charge	The lowest charge that can be assessed to transport a shipment.
MT	(a) Metric Ton or Cubic meter. (b) Empty container. (c) Multimodal Transport.
Negotiable B/L	Original bill of lading endorsed by shipper that is used for negotiating with banks.
Negotiating Bank	A bank named in the credit; examines the documents and certifies to the issuing bank that the terms are complied with.
Net Tonnage	A vessel's gross tonnage minus deductions of space occupied by accommodation for crew, by machinery, for navigation, by the engine room and fuel. A vessel's net tonnage expresses the space available for passengers and cargo.
Net Weight	Weight of the goods alone without any immediate wrappings, e.g., the weight of the contents of a tin can without the weight of the can. Also called actual net weight.
Non-negotiable B/L	Copy of original bill of lading which cannot be negotiated with the bank.
Non-vessel Owning / Operating Common Carrier (N.V.O.C.C.)	(a) A cargo consolidator of small shipments in ocean trade, generally soliciting business and arranging for or performing containerization functions at the port. (b) A carrier issuing B/L for carriage of goods on vessel which he neither owns nor operates.
O.C.P. rate	Overland Common Point rates which are generally lower than local tariff rates, were established by the U.S. West Coast steamship companies in conjunction with railroads serving the western U.S. so that cargo originating or destined to the American Midwest and East would be competitive with all-water rates via the U.S. Atlantic and Gulf ports. O.C.P. rates are also applicable to eastern Canada.
Ocean Bill of Lading (Ocean B/L)	Document indicating that the exporter will consign a shipment to an international carrier for transportation to a specified foreign market. Unlike an inland B/L, the ocean B/L also serves as a collection document. if it is a Straight B/L the foreign buyer can obtain the shipment from the carrier by simply showing proof of identity. If a negotiable B/L is used, the buyer must first pay for the goods, post a bond or meet other conditions agreeable to the seller.
Ocean Route	The all water transportation portion of a route.
On Board	Cargo has been loaded on board a combined transport mode of conveyance. Used to satisfy the requirements of a letter of credit, in the absence of an express requirement to the contrary.
On Board B/L	A B/L in which a carrier acknowledges that goods have been placed on board a certain vessel.
On Deck	A special stowage instruction to confine that the cargo stowage must be on deck rather than under deck.
One-Way lease	Lease that covers the outbound voyage only, after which the container is returned to the lease holder at or near destination.
Open-Top Container	A container fitted with a solid removable roof or with a tarpaulin roof that can be loaded or unloaded from the top.
Outbound	Outward bound. Direction of vessel or cargo going out from port of loading or point/place of receipt.
Over height Cargo	Cargo stowed in an open-top container; projects above the uppermost level of the roof struts.
P.O.D.	Port of Discharge where cargo is discharged from vessel. When transshipment is needed, there can be a number of PODs during the course of shipment until it reaches the final POD.
P.O.L.	Port of Loading where loading to vessel takes place.
P.O.R.	Point or Place of Receipt. Starting point of carrier’s liability where cargo is received from shipper and under carrier’s custody for transportation to final destination.
Packing List	A shipping document issued by shipper to carrier, Customs and consignee serving the purposes of identifying detail information of package count, products count, measurement of each package, weight of each package, etc.
Pallet	A platform (usually two-deck), with or without sides, on which a number of packages or pieces may be loaded to facilitate handling by a lift truck.
Participating Carrier (Tariff)	A transportation line that is a party, under concurrence, to a tariff issued by another transportation line or by a tariff's publishing agent.
Per Diem	A charge made by one transportation line against another for the use of its equipment. The charge is based on a fixed rate per day.
Perishable Cargo	Cargo subject to decay or deterioration.
Pier	The structure to which a vessel is secured for the purpose of loading and unloading cargo.
Pier-to-House (P/H)	See CFS/CY.
Pier-to-Pier (P/P)	See CFS/CFS.
Pilot	A person whose office or occupation is to steer ships, particularly along a coast or into and out of a harbor.
Place of Acceptance	See P.O.R.
Place of Delivery	See Final Destination.
Place of Receipt	Location where cargo enters the care and custody of the carrier.
POD	Proof Of Delivery or a cargo/package receipt with the signature of recipient. This term has been widely used in courier and express industry and also gaining more attention and implementation at air cargo industry..
Port	(a) Harbor with piers or docks; (b) Left side of a ship when facing the bow; (c) Opening in a ship's side for handling freight.
Port of arrival	Location where imported merchandise is off loaded from the importing aircraft or vessel.
Port of Call	Port where a steamer discharges or receives traffic.
Port of Discharge	Port where cargo is unloaded from vessel.
Port of Entry	Port where cargo actually enters a country where the cargo is not part of its commerce.
Port of Loading (POL)	Port where cargo is loaded to vessel.
Prepaid (Ppd.)	One of the payment status where freight and charges are required to be paid by shipper before original bill of lading is released to them.
Pro Forma Invoice	An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and important specifications (weight, size, and similar characteristics). When an importer applies for Letter of Credit as the means of payment, a Pro Forma Invoice from the beneficiary of such Letter of Credit, usually the exporter, is required by the L/C issuing bank.
PSA	Port of Singapore Authority
Quarantine	The period during which a vessel is detained in isolation until free from any contagious disease among the passengers or crew. The word is now applied to the sanitary regulations which are the modern substitute for quarantine. During the quarantine period, the Q flag is hoisted.
Quarantine buoy	One of the yellow buoys at the entrance of a harbor indicating the place where vessel must anchor for the exercise of quarantine regulations.
Quarantine declaration	A document signed by the captain and the ship’s doctor before the port health officer when a ship arrives at the quarantine station. It gives the name of the ship, tonnage, number of crew, first port of voyage and date of sailing, intermediate ports called at, number of passengers for the port at which the vessel is arriving, number of transit passengers, cases of infectious diseases during voyage, deaths, nature of cargo, name of agents. The port health officer then proceeds with the medical inspection of passengers and crew. Also called entry declaration.
Quarantine dues	A charge against all vessels entering a harbor to provide for the maintenance of medical control service. Also called quarantine fees.
Quarantine flag	A yellow flag used as a sanitary signal. It is displayed by all vessels entering a harbor; also when a contagious or infectious disease exists on board or when the vessel has been placed in quarantine.
Quarantine harbor	A place where vessels in quarantine are stationed when arriving from contaminated ports.
Quarantine signal	Signals flown by vessels required to show their state of health. By day "Q" of the international code signifies "Ship is healthy-free pratique requested". Flag "Q" over first substitutes signifies that the ship has had cases of infectious diseases or that there has been unusual mortality among rats on board. Flag "Q" over "L" signifies "Ship is infected". By night a vessel entering harbor exhibits a red light over a white light more than 6 feet apart which signifies that the ship is waiting free pratique.
Quarantine station	A medical control center located in an isolated spot ashore where patients with contagious diseases from vessel in quarantine are taken. It is also used for passengers and crews of vessel arriving from suspected ports while fumigation or any other disinfection is carried out on board ship.
Rail Onboard B/L	This is unique practice in NAT having the similar function as onboard vessel B/L. In the event of multimodal B/L is prepared, shipper can request a clause on the B/L to satisfy their commercial transaction as LADEN ONBOARD RAIL MMDDYY. The date on the B/L is on which containers are loaded onboard rail flat car. However, the word RAIL is not necessary.
Receipt for shipment B/L	A term used in contradistinction to shipped bill of lading, which is the standard document. Some bankers object to such bill of lading on the ground that the security they offer is imperfect. This kind of bill of lading is normally issued to acknowledge receipt of shipment before cargo loading or before official original bill of lading is issued. Nowadays, not many shippers ask for this kind of bill of lading.
Reefer	In the industry, it is the generic name for a temperature controlled container. The containers, which are insulated, are specially designed to allow temperature controlled air circulation within the container. A refrigeration plant is built into the rear of the container. For OOCL's reefers, power for this plant needs to be provided from an external source.
Relative Humidity	(%) The ratio of the actual amount of water vapor in the air to the maximum it can hold at a given temperature, multiplied by 100.
Relay	To transfer goods from one ship to another of the same ownership. More frequently used by OOCL as T/S (Transshipment).
Release note	Receipt signed by customer acknowledging delivery of goods.
Return air	Air warmed by the container cargo delivered to the evaporator. The temperature of return air often controls the operation of the refrigeration unit.
Revenue ton (R/T)	The greater weight or measurement of goods where 1 ton is either 1000 kilos or 1 cubic meter (for metric system). Also known as bill of lading ton or freight ton. It is used to calculate freight charge.
Roll-On/Roll-Off (Ro/Ro)	A feature designed in a specially constructed vessel in both the loading and discharging ports.
Route (Rte.)	The manner in which a shipment moves, i.e., the carriers handling it and the points via which they handle it.
Salvage	The property which has been recovered from a wrecked vessel, or the recovery of the ship herself.
Salvage clause	A marine insurance policy clause which states the proportion of salvage charges for which underwriters are liable.
Salvage lien	A maritime lien which exists when a ship or goods comes into the possession of one who preserves them from peril at sea. All salvage services carry with them a maritime lien on the things saved.
Salvage loss	A loss which it is presumed would, but for certain services rendered, have become a total loss. The charges incurred are "salvage charges". The property saved is the "salvage". When referring to goods a salvage loss is one resulting from shipwreck or from a situation where, by the peril of the sea, the vessel is prevented from proceeding on her voyage and the cargo, or the part that is saved is obliged to be sold at a place short of the port of destination. The term is used in marine insurance when at a point short of destination, it can be shown that it would cost more to forward damaged goods to their destination than the goods would realize on the spot. The underwriters usually pay the difference between the total insured value and the net proceeds of the goods, such a settlement being known as a "salvage loss".
Salvage value	The value on which salvage is awarded. It generally means the value of ship and cargo when they have been brought to a place of safety by the salvers.
Seal (Container)	Metal strip and lead fastener used for locking freight car or truck doors. Seals are numbered for record purposes.
Seal record	A record of the number, condition and marks of identification on seals made at various times and places, referring to the movement of the container between origin and destination.
Self-assessment (of training needs)	The process of asking people what training they need. This approach is particularly valuable in the early stages on a new job, when people are not expected to have full knowledge and skills as yet.
Service contract	As provided in the Shipping Act of 1984, a contract between a shipper (or a shippers' association) and an ocean common carrier (or conference) in which the shipper makes a commitment to provide a certain minimum quantity of cargo or freight revenue over a fixed time period, and the ocean common carrier or conference commits to a certain rate or rate schedule as well as a defined service level (such as assured space, transit time, port rotation or similar service features). The contract may also specify provisions in the event of nonperformance on the part of either party.
Ship chandler	An individual or company selling equipment and supplies for ships.
Ship owner	One of the persons in whom is vested the title of property of a ship or ships.
Shipped bill of lading	A bill of lading issued only after the goods have actually been shipped on board the vessel, as distinguished from the received for shipment bill of lading. Also see on board bill of lading.
Shipped on board	Endorsement on a bill of lading confirming loading of goods on vessel.
Shipper	The person for whom the owners of a ship agree to carry goods to a specified destination and at a specified price. Also called consignor. The conditions under which the transportation is effected are stipulated in the bill of lading.
Shipper owned container	The container used for cargo shipment is owned by the shipper.

Shipper's Export Declaration	A custom house form filled by the shipper of goods to other countries. Also called shipper’s manifest. It mentions the marks, numbers, quantity, description and value of the goods at time and place of export. There is a different definition in USA as "The shipper's export declaration (SEDs) forms 7525-V and 7525-V-Alternate (Intermodal) and the shipper's export declaration for In-Transit Goods, Form 7513, are JOINT-BUREAU OF THE CENSUS- INTERNATIONAL TRADE ADMINISTRATION DOCUMENTS used for compiling the official U.S. export statistics and administering the requirements of the Export Administrative Act.
Shipper's Load & Count	Shipments loaded and sealed by shippers and not checked or verified by the carriers.
Shipping order	Usually for the same set of Shipping Orders, there are a number of copies with the same form and contents but with different names such as the 1st copy is called Shipping Order and remainders are called Shipping Order Copy or Dock Receipt for different purposes such as space control, surveyor and sworn measurer, documentation. As EDI is more popular nowadays and used by both the shipper and Customs, hardcopy Shipping Order is no longer widely used.
Shipping permit	Issued by a shipping or carrier company; authorizes the receiving clerk at pier, dock, warehouse, airport or onboard to receive a stipulated amount of goods or materials from a specified firm.
Shipside Delivery	A special cargo handling instruction for cargo to be delivered right away at shipside after discharge.
Short cycling	1) Improper air circulation in trailer causing unit to operate for brief periods. 2) Thermostats set with improper differential causing it to sequence too rapidly from cool to heat or from cool to off position.
Short Term Lease	Short term lease refers to Master lease (with or without free-day), direct interchange and sublease from TGA/VSAO/Canmar partner as well as Free-use from any other logistic companies.
Shut-out	Goods not carried on intended vessel.
Slot	Space on board a vessel occupied by a container.
Stability	The force that holds a vessel upright or returns it to upright if keeled over. Weights on the lower hold increase stability. A vessel is stiff if it has high stability, tender if it has low stability.
Stack Car	An articulated five-platform railcar that allows containers to be double stacked. A stack car holds ten 40-foot equivalent units.
Stack Train	See 'DST (Double Stack Train) '.
Standard International Trade Classification (SITC)	A standard numerical code used by the United Nations to classify commodities used in international trade.
Starboard	The right side of a ship when facing the bow.
STC	Said to Contain. A standard clause used to protect carrier for cargo stuffed by shipper or its agents.
Stern	The end of a vessel. Opposite of bow.
Stevedore	Terminal operator who is designated to facilitate the operation of loading and discharging vessels and various terminal activities.
Store-Door Delivery (STOR/DOR)	Delivery of goods to consignee's place of business or warehouse by motor vehicle. Refers to a complete package of delivery services performed by a carrier from origin to final consumption point, whether that be a retail, wholesale or other final distribution facility. Abbreviated in CCMS as SDD.
Store-Door Pickup	Picking up an empty container from a carrier, delivering it to a merchant and returning the laden container; the portion of store-door pick up performed by the carrier's trucker.
Stowage	A marine term referring to loading freight into the ships' holds.
Straight Bill of Lading	A term for a non negotiable bill of lading. In the U.S. the Pomerene Act governs its operation.
Stripping	The unloading of a container.
Stuffing	The loading of a container.
Supply air	Cooled or warmed air leaving the evaporator delivered to the interior of the container. Supply air is sometimes called delivery-air.
Surcharge	An extra or additional charge.
Tail	The rear of a container.
Tank Container	A specially constructed container for transporting liquids and gases in bulk.
Tare Weight	The weight of packing material or, in carload shipments, the weight of the empty freight car.
Tariff (Trf.)	A publication setting forth the charges, rates and rules of transportation companies.
TDR	Terminal departure report
Terminal	An assigned area in which containers are prepared for loading into a vessel or are stacked immediately after discharge from the vessel.
TEU	Twenty-foot Equivalent Unit (20") .
T-floor	Interior floor in a reefer, so named because of the longitudinal T-shaped rails which support the cargo and form a plenum for air flow beneath the cargo.
THC	Terminal Handling Charge. A charge assessed by the terminal for handling FCLs at ocean terminals.
Through Rate	The total rate from the point of origin to final destination.
Through Service (Thru Service)	A combination of transportation by sea and land (Thru Service) services to/from the West Coast. From West Coast locations, freight is transported by rail and/or truck to central or eastern North America non water port cities. Also known as Micro bridge Service and I.P.I.
Time Charter	A charter party hiring a vessel for a specified period of time or a particular voyage, in which the ship-owner provides the vessel and crew while the charterer supplies the cargo. Also known as non-demise charter.
Tonnage	Generally refers to freight handled.
Towage	The charge made for towing a vessel.
Tramp	A freighter vessel that does not run in any regular line but takes cargo wherever the shippers desire.
Transship	To transfer goods from one transportation line to another, or from one ship to another.
Transit Cargo	Goods onboard which upon their arrival at a certain port are not to be discharged at that port.
Transit Port	A port where goods received are merely en route and from which they have to be transferred and dispatched to their ultimate destination by coasters, barge and so on. Also called transshipment port.
Transit Zones	Transit zones, a form of free trade zone, are ports of entry in coastal countries that are established as storage and distribution centers for the convenience of a neighboring country lacking adequate port facilities or access to the sea. A transit zone is administered so that goods in transit to and from the neighboring country are not subject to the customs duties, import controls or many of the entry and exit formalities of the host country. Transit zones are more limited facilities then a foreign trade zone or a free port.
TRC	Terminal receiving Charge. Charge assessed by the terminal for cargo being delivered for export.
Truck Onboard B/L	This is a unique practice in NAT having the similar function as onboard vessel B/L. In the event of a multimodal B/L is prepared, shipper can request a clause on the B/L to satisfy their commercial transaction as LADEN ONBOARD TRUCK MMDDYY. The date on the B/L is on which containers are picked up by OOCL house trucker from shipper's facility. However, the word TRUCK is not necessary.
UCP	Uniform Customs and Practice of Documentary Credit. The "bankers Bible" on Documentary Credit Interpretation issued by the I.C.C.
UCP500	Revised and updated version operating from January 1, 1994.
ULD	Unit Load Device, Any type of container, container with integral pallet, aircraft container or aircraft pallet.
Ultimate Consignee	The ultimate consignee is the person located abroad who is the true party in interest, receiving the export for the designated end-use.
UN	United Nations.
UNCTAD	United Nations Conference on Trade and Development.
UNCTAD MMO	UNCTAD Multi Modal Transport Convention.

Underwriter	In marine insurance, one who subscribes his name to the policy indicating his acceptance of the liability mentioned therein, in consideration for which he receives a premium.
Unit Load	Packages loaded on a pallet in a crate or any other way that enables them to be handled at one time as a unit.
Unit Train	A train of a specified number of railcars, perhaps 100, wherein they remain in a unit for a designated destination or until a change in routing is made.
USDA	United States Department of Agriculture.
Vanning	A term sometimes used for stowing cargo in a container.
Ventilated Container	A container designed with openings in the side and/or end walls to permit the ingress of outside air when the doors are closed.
Vessel's Manifest	Statement of a vessel's cargo (revenue, consignee, marks, etc.).
Vol.	Volume.
Voyage Direction	The sector of a round trip voyage normally denoted by the direction of the sailing.
Voyage Number	The numeric identification of a round trip sailing of a vessel on a fixed trade lane.
War Risk	Insurance coverage for loss of goods resulting from any act of war.
Warehouse	A place for the reception and storage of goods.
Waybill (WB)	A document prepared by a transportation line at the point of a shipment; shows the point of the origin, destination, route, consignor, consignee, description of shipment and amount charged for the transportation service. A waybill is forwarded with the shipment or sent by mail to the agent at the transfer point or waybill destination. Abbreviation is WB. Unlike a bill of lading, a waybill is not a document of title.
Weight Cargo	A cargo on which the transportation charge is assessed on the basis of weight.
Wharf age	A charge assessed by a pier or dock owner against freight handled over the pier or dock or against a steamship company using the pier or dock

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