Freight, shipping and chartering glossary

A type of currency whose value is considered as "one" in cases where the quote is between two types of currencies.

The goods in storage are transported in customs regime under customs control or until payment of import duties or some other fees, or to avoid payment of duties or fees until a later date.

Trucking charge for shipments to a Free Trade Zone.

Collecting items from a warehouse for several (more than one) orders.

A quantity of goods or articles kept in storage to safeguard against unforeseen shortages or demands.

The analytical technique used in state planning; a ratio of total measurable benefits divided by initial costs.

One of the types of warehousing in which organizations store goods without makes payment of taxes and do not consider tariffs. The warehouse manager contacts himself with a tax or tariff collection agency to ensure that taxes are paid before the warehouse releases the goods.

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A person who own ships can receive disbursement as reimbursement for cargo for goods which was returned back through the fault of consignees or consignors. This payment calls backfreight.

Additional costs that the agent adds to the tariff.

Weight is taken as a basis when the price is generating.

A boxcar, typically forty to fifty feet long, used to pack bulk goods.

The ratio of the prices of goods exported by a country to the prices of goods imported into it for a certain period of time.

A piece of cardboard, thin wood, or similar material that is inserted between the layers of containers to wait and hold a single stack.

To ensure delivery within the carrier’s vehicle to prevent damage.

Receiving something by an agreement that the payment will not be money, but the provision of any services or exchange for other goods.

When one or more parties don't know who the shipper is, whose receiver is, or both are.

Bulk cargo ship.

There are several definitions of this term 1) An organization that owns or rents equipment 2) An enterprise that helps to buy or rent services or goods 3) An agent who works for the shipowner or charterer in chartering.

A system by which pricing is carried out, which incurs the cost of transporting goods from one point to another, even in cases where delivery does not occur at the point of basing.

Ocean fuel surcharge.

Imported goods are stored in the so-called customs warehouse, which is a gateway where the goods can be stored for some time without payment for storage and duties.

Organization that is engaged in the acquisition of any goods or services.

This is an importer who gains control of the cargo using its own logistics assets instead of using a third-party source such as a forwarder or NVOCC.

Request for a place and equipment on board the vessel for the cargo that needs to be transported.

Actions committed by the master or other personnel of the vessel for any illegal or criminal purpose, contrary to their obligations to the owners of the vessel, resulting in injury to the owners of the vessel. This includes inattention and negligence if it is as serious as a crime with proofs.

A tariff that does not increase due to the distance over which delivery is carried out.

To ensure delivery within the carrier’s vehicle to prevent damage.

Receiving something by an agreement that the payment will not be money, but the provision of any services or exchange for other goods.

When one or more parties don't know who the shipper is, whose receiver is, or both are.

Goods that are shipped as a single unit or package (for example: cargo on pallets, piece goods, bulky equipment, trucks), but not in the container.

A type of currency whose value is considered as "one" in cases where the quote is between two types of currencies.

The goods in storage are transported in customs regime under customs control or until payment of import duties or some other fees, or to avoid payment of duties or fees until a later date.

Bulk cargo ship.

A system by which pricing is carried out, which incurs the cost of transporting goods from one point to another, even in cases where delivery does not occur at the point of basing.

Imported goods are stored in the so-called customs warehouse, which is a gateway where the goods can be stored for some time without payment for storage and duties.

Separation of consolidated cargo into separate small batches for delivery to the final recipient. The cargo can be moved entirely inside the trailer, or it can be replaced and transferred to the connecting carriers.

Collecting items from a warehouse for several (more than one) orders.

Trucking charge for shipments to a Free Trade Zone.

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There are several definitions of this term 1) An organization that owns or rents equipment 2) An enterprise that helps to buy or rent services or goods 3) An agent who works for the shipowner or charterer in chartering.

This is an importer who gains control of the cargo using its own logistics assets instead of using a third-party source such as a forwarder or NVOCC.

One of the types of warehousing in which organizations store goods without makes payment of taxes and do not consider tariffs. The warehouse manager contacts himself with a tax or tariff collection agency to ensure that taxes are paid before the warehouse releases the goods.

The case when the company accepts an order for goods which currently not available. The order will be completed when the goods become available.

A quantity of goods or articles kept in storage to safeguard against unforeseen shortages or demands.

The analytical technique used in state planning; a ratio of total measurable benefits divided by initial costs.

Request for a place and equipment on board the vessel for the cargo that needs to be transported.

A person who own ships can receive disbursement as reimbursement for cargo for goods which was returned back through the fault of consignees or consignors. This payment calls backfreight.

Ocean fuel surcharge.

Consignment that covers goods from the point of departure to the final destination, when an exchange or transfer from one carrier to another is necessary to complete the trip.