Freight, shipping and chartering glossary

Type Meaning
Transmittal Letter

A letter accompanying the supply of securities, documents or other property, usually containing a brief description of the securities, documents or property being sent and an explanation of the transaction.

Tonnage

The volumetric characteristic of the vessel, expressed in cubic meters, shows how much cargo can be accepted for transportation.

Twenty-Foot Equivalent Unit (TEU)

A shipping container whose internal dimensions measure about 20 feet long, 8 feet wide, and 8 feet tall.

Trucker waiting time

Surcharge for unloading at final destination.

Trucker unloading time

Surcharge for unloading at final destination.

Tri-axle

Surcharge associated with drayage of overweight containers.

Transshipment

Moving cargo from one vessel or another vehicle to another vehicle at the same transport point.

Transport Arbitrary at Origin

A fee covers haulage from the exporter’s premises to the port/warehouse.

Transmittal Letter

A letter accompanying the supply of securities, documents or other property, usually containing a brief description of the securities, documents or property being sent and an explanation of the transaction.

Transload

Cost to transfer containers from 40s/HCs to 53' trailers.

Transit time

The total delivery time of the container (cargo), calculated from the moment of loading onto the vessel until the moment of unloading at the port of destination.

Tramp Service

Vessels operating without a fixed itinerary or schedule or charter contract.

Traffic Mitigation Fee (TMF)

A fee paid when a terminal becomes congested.

Tracking

A system for tracking the location of shipments on the map in real-time.

Tracing

Determining a shipment's location during the course of a move.

Tonnage

The volumetric characteristic of the vessel, expressed in cubic meters, shows how much cargo can be accepted for transportation.

Ton-mile

A freight transportation output measure that reflects the shipment's weight and the distance the carrier hauls it; a multiplication of tons hauled and distance traveled.

Toll Fee

Surcharged associated with drayage over a bridge or through a highway.

Telex

Origin charge for an original BL issued for shipment and the supplier holds the hard copy forms.

Tariff

A document issued by a carrier setting forth applicable rules, rates, and charges for the movement of goods. The document sets up a contract of carriage between the shipper, consignee, and carrier.

Tare weight

The weight of the container and/or packing materials only - excluding the weight of the goods inside the container.

Tracing

Determining a shipment's location during the course of a move.

Tare weight

The weight of the container and/or packing materials only - excluding the weight of the goods inside the container.

Tariff

A document issued by a carrier setting forth applicable rules, rates, and charges for the movement of goods. The document sets up a contract of carriage between the shipper, consignee, and carrier.

Telex

Origin charge for an original BL issued for shipment and the supplier holds the hard copy forms.

Toll Fee

Surcharged associated with drayage over a bridge or through a highway.

Ton-mile

A freight transportation output measure that reflects the shipment's weight and the distance the carrier hauls it; a multiplication of tons hauled and distance traveled.

Tonnage

The volumetric characteristic of the vessel, expressed in cubic meters, shows how much cargo can be accepted for transportation.

Tracking

A system for tracking the location of shipments on the map in real-time.

Traffic Mitigation Fee (TMF)

A fee paid when a terminal becomes congested.

Tramp Service

Vessels operating without a fixed itinerary or schedule or charter contract.

Twenty-Foot Equivalent Unit (TEU)

A shipping container whose internal dimensions measure about 20 feet long, 8 feet wide, and 8 feet tall.

Transit time

The total delivery time of the container (cargo), calculated from the moment of loading onto the vessel until the moment of unloading at the port of destination.

Trucker waiting time

Surcharge for unloading at final destination.

Trucker unloading time

Surcharge for unloading at final destination.

Tri-axle

Surcharge associated with drayage of overweight containers.

Transport Arbitrary at Origin

A fee covers haulage from the exporter’s premises to the port/warehouse.

Transload

Cost to transfer containers from 40s/HCs to 53' trailers.

Transmittal Letter

A letter accompanying the supply of securities, documents or other property, usually containing a brief description of the securities, documents or property being sent and an explanation of the transaction.

Transshipment

Moving cargo from one vessel or another vehicle to another vehicle at the same transport point.

Ton-mile

A freight transportation output measure that reflects the shipment's weight and the distance the carrier hauls it; a multiplication of tons hauled and distance traveled.

Traffic Mitigation Fee (TMF)

A fee paid when a terminal becomes congested.

Tracking

A system for tracking the location of shipments on the map in real-time.

Tracing

Determining a shipment's location during the course of a move.

Tonnage

The volumetric characteristic of the vessel, expressed in cubic meters, shows how much cargo can be accepted for transportation.

Telex

Origin charge for an original BL issued for shipment and the supplier holds the hard copy forms.

Tramp Service

Vessels operating without a fixed itinerary or schedule or charter contract.

Tariff

A document issued by a carrier setting forth applicable rules, rates, and charges for the movement of goods. The document sets up a contract of carriage between the shipper, consignee, and carrier.

Tare weight

The weight of the container and/or packing materials only - excluding the weight of the goods inside the container.

Toll Fee

Surcharged associated with drayage over a bridge or through a highway.