Freight, shipping and chartering glossary

A port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties.

Goods being transported from one place to another.

A document that serves as confirmation that any wooden packing materials (ie, pallets) used in a cargo shipment have been fumigated.

Materials handling devices that include hand trucks and forklifts.

A setup wherein a company orders the same(fixed) quantity each time it places an order for an item.

The freight companies that physically transport “carry” the freight on behalf of shippers.

The meaning of it is that the delivery is completed for the supplier when the product is on the quay for loading on a vessel hired by the recipient. FAS is intended only for transporting goods by sea or inland waterway.

A type of cargo has been given certain characteristics that dictate how much it costs to transport them.

The US Department of Health and Human Services Agency, one of the federal executive departments.

An ocean shipping mode, in which the entire container is intended for one supplier and occupies a full container (regardless of size).

A machine-powered device used to raise and lower freight and to move freight to different warehouse locations.

A quotation from a carrier or forwarder covering the cost of transport between two specified locations.

A short-sea vessel which transfers cargo between a central hub port and smaller "spoke" ports.

The period of time allowed for the removal or accumulation of cargo before charges become applicable.

If consolidated into a container, the surcharge applied to the disinfection of the container.

Costs that do not fluctuate with the business volume in the short run.

A profit level that enables a carrier to realize a rate of return on investment or property value that the regulatory agencies deem acceptable for that level of risk.

The carriers invoice for payment of transport services rendered.

The value of the carrier's property; the calculation basis has included original cost minus depreciation, replacement cost, and market value.

A storage method where a product is presented to picking operations at one end of a rack and replenished from the opposite end.

Supplier produced, packed, and prepared the cargo to be shipped. Goods are received by the buyer’s carrier, which picks up the load from the seller’s place. You can call FCA conditions “buyer’s pick-up."

The freight and charges to be paid by the consignee.

Supplier produced, packed, and prepared the cargo to be shipped. Goods are received by the buyer’s carrier, which picks up the load from the seller’s place. You can call FCA conditions “buyer’s pick-up."

A carrier that provides transportation service to the public on a fee basis.

The freight and charges to be paid by the consignee.

A machine-powered device used to raise and lower freight and to move freight to different warehouse locations.

A quotation from a carrier or forwarder covering the cost of transport between two specified locations.

A short-sea vessel which transfers cargo between a central hub port and smaller "spoke" ports.

A document issued by a freight forwarder to the shipper that serves as certification of the receipt of cargo.

Drayage fuel.

The period of time allowed for the removal or accumulation of cargo before charges become applicable.

If consolidated into a container, the surcharge applied to the disinfection of the container.

Costs that do not fluctuate with the business volume in the short run.

The percentage of order items that the picking operation actually found.

Goods being transported from one place to another.

Materials handling devices that include hand trucks and forklifts.

The carriers invoice for payment of transport services rendered.

The value of the carrier's property; the calculation basis has included original cost minus depreciation, replacement cost, and market value.

The US Department of Health and Human Services Agency, one of the federal executive departments.

The rate established for transporting freight.

A storage method where a product is presented to picking operations at one end of a rack and replenished from the opposite end.

An ocean shipping mode, in which the entire container is intended for one supplier and occupies a full container (regardless of size).

The freight and charges to be paid by the consignor.

Cargo to/from regional ports are transferred to/from a central hub port for a long-haul ocean voyage.

Conventional unit for measuring the capacity of freight vehicles. Also referred to as 2 TEU.

A warehouse that stores goods on the goods' owner's property while the goods are under a bona fide public warehouse manager's custody. The owner uses the public warehouse receipts as collateral for a loan.

A port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties.

A document that serves as confirmation that any wooden packing materials (ie, pallets) used in a cargo shipment have been fumigated.

A setup wherein a company orders the same(fixed) quantity each time it places an order for an item.

The freight companies that physically transport “carry” the freight on behalf of shippers.