Freight, shipping and chartering glossary

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

Ocean fuel surcharge.

A special process in which planning, implementation and verification of the flow of goods, services and other similar information is provided.

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

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 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.

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.

Bulk compressed bound and most often packaged bundle of goods: such as hay or cotton.

A cargo vehicle in which its autonomous driving mechanism for moving goods may or may not be present. In most cases, inland water vessels use main barges with open tops, but there are not only open but also indoor barges for dry or liquid content. Barges can be joined together and pushed or pulled by tugboats carrying content weighing sixty thousand tons or more. Not very large barges for transporting goods between ship and land are called "lighters".

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.

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

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

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.

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

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.

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

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.

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

The operator terminal, which indicates the desired rate, calculates how much the delivery will cost and generates a freight bill.

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

Return of the unladen vehicle, which delivered to one point.