Freight, shipping and chartering glossary

Type Meaning
Shipper’s Letter Of Instruction (SLI)

A note from the exporter to the freight forwarder with instructions on how a shipment is being sent and where it is going.

Rail Waybill

The bill of lading for international rail freight transport.

Sea Waybill

Transport document used in shipping. The cargo is issued to a specific consignee specified in the sea waybill if he can document his identity, and at the same time, he doesn’t need to present his original copy of this waybill.

Shipping Quote

A document that breaks down the individual legs of a shipment and the surcharges each will incur, as per your freight quote.

Rate basis point

The major shipping point in a local area; carriers consider all points in the local area to be the rate basis point.

Security Filing

The importer or their agent is required to electronically submit information relating to the shipment. This term is used in the USA.

Shipping Types

Different levels of service that you will use to fulfill your orders.

Re-consignment

A carrier service that permits a shipper to change the destination and/or consignee after the shipment has reached its originally billed destination and to still pay the through rate from origin to final destination.

Separable cost

A cost that a company can directly assign to a particular segment of the business.

Special Customs Invoice

In addition to a customs invoice, some countries require a special customs invoice designed to facilitate the clearance of goods and the assessment of customs duties in that country.

Reefer

A refrigerated container used to transport perishable goods.

Service

The defined, regular pattern of calls made by a carrier in the pick-up and discharge of cargo.

Spot Voyage

A charter for a specific vessel to move a single cargo between indicated loading port(s) and discharge port(s) in the near future.

Rail Waybill

The bill of lading for international rail freight transport.

Surcharge

An add-on charge to the applicable charges; motor carriers have a fuel surcharge, and railroads can apply a surcharge to any joint rate that does not yield 110 percent of variable cost.

Revenue Ton

The unit used in billing in the freight industry.

Scrap material

Defective material that has no market value and cannot be sold.

Shipbroker

An intermediary that facilitates the execution of retail transactions between interested parties (customers) on their behalf and at their expense.

Shipper's agent

A firm that primarily matches up small shipments, especially single-traffic piggyback loads, to permit shippers to use twin-trailer piggyback rates.

Stowage

The placing of goods in the cargo areas of ships with the aim of leveling it or stuffing under-deck voids. It is usually used when loading bulk and break bulk cargo.

Rate basis point

The major shipping point in a local area; carriers consider all points in the local area to be the rate basis point.

Safety stock

Reserve stock, below which the level of stocks for this product should not fall.

Ro-Ro Ship

A vessel for transporting goods on a wheelbase (cars, trucks, railway wagons) and passengers. The fundamental difference between vessels of this type is horizontal loading/unloading through an inclined bow or (usually) stern; this design is called a "ramp."

Screening charge

Surcharge related to airport terminal screening.

Shipment

A load of goods sent by sea, road, train, or air.

Shipper’s Letter Of Instruction (SLI)

A note from the exporter to the freight forwarder with instructions on how a shipment is being sent and where it is going.

Stripping

Surcharge associated for breaking down a container.

Re-consignment

A carrier service that permits a shipper to change the destination and/or consignee after the shipment has reached its originally billed destination and to still pay the through rate from origin to final destination.

Salvage material

Unused material that has a market value and can be sold.

Rolling Cargo

Cargo which is on wheels, such as truck or trailers, and which can be driven or towed on to a ship.

Sea Waybill

Transport document used in shipping. The cargo is issued to a specific consignee specified in the sea waybill if he can document his identity, and at the same time, he doesn’t need to present his original copy of this waybill.

Shipment Point

A specific location from where goods will depart for movement.

Shipping Quote

A document that breaks down the individual legs of a shipment and the surcharges each will incur, as per your freight quote.

Surcharge

An add-on charge to the applicable charges; motor carriers have a fuel surcharge, and railroads can apply a surcharge to any joint rate that does not yield 110 percent of variable cost.

Reefer

A refrigerated container used to transport perishable goods.

Scrap material

Defective material that has no market value and cannot be sold.

Security Filing

The importer or their agent is required to electronically submit information relating to the shipment. This term is used in the USA.

Shipper's agent

A firm that primarily matches up small shipments, especially single-traffic piggyback loads, to permit shippers to use twin-trailer piggyback rates.

Shipping Types

Different levels of service that you will use to fulfill your orders.

Rail overweight fee

Surcharge associated with overweight containers on rail.

Release Approval

Document to advise that goods are available for further movement or action.

Screening charge

Surcharge related to airport terminal screening.

Separable cost

A cost that a company can directly assign to a particular segment of the business.

Shipper’s Letter Of Instruction (SLI)

A note from the exporter to the freight forwarder with instructions on how a shipment is being sent and where it is going.

Special Customs Invoice

In addition to a customs invoice, some countries require a special customs invoice designed to facilitate the clearance of goods and the assessment of customs duties in that country.

Rail Waybill

The bill of lading for international rail freight transport.

Return Cargo

A cargo which enables a ship to return loaded to the port or area where her previous cargo was loaded.

Sea Waybill

Transport document used in shipping. The cargo is issued to a specific consignee specified in the sea waybill if he can document his identity, and at the same time, he doesn’t need to present his original copy of this waybill.

Service

The defined, regular pattern of calls made by a carrier in the pick-up and discharge of cargo.

Shipping Quote

A document that breaks down the individual legs of a shipment and the surcharges each will incur, as per your freight quote.