Freight, shipping and chartering glossary

Drayage fuel.

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

Goods being transported from one place to another.

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

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

Materials handling devices that include hand trucks and forklifts.

The carriers invoice for payment of transport services rendered.

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

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

The freight and charges to be paid by the consignee.

The freight and charges to be paid by the consignor.

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

A grain container or reservoir constructed around the hatchway between two decks of a ship which when filled with grain automatically feeds or fills in the vacant areas in the lower holds.

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

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

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.

Transportation of cargo that completely fills the truck.

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.

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

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

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

The carriers invoice for payment of transport services rendered.

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.

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

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.

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

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

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 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.

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

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

An enterprise that provides services to facilitate the transport of shipments. Services can include documentation preparation, space and equipment reservation, warehousing, consolidation, delivery, clearance, banking and insurance services, and agency services. The forwarder may facilitate transport by land, air, ocean, or may specialize in one mode of transport. Also called Forwarder or Foreign Freight Forwarder.

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

Drayage fuel.

Goods being transported from one place to another.

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

The rate established for transporting freight.

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

A supplier has organized land delivery, completed port formalities, and performed loading on ship’s board.

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

The freight and charges to be paid by the consignee.

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

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

An enterprise that provides services to facilitate the transport of shipments. Services can include documentation preparation, space and equipment reservation, warehousing, consolidation, delivery, clearance, banking and insurance services, and agency services. The forwarder may facilitate transport by land, air, ocean, or may specialize in one mode of transport. Also called Forwarder or Foreign Freight Forwarder.

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

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

The freight and charges to be paid by the consignor.

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.