Freight, shipping and chartering glossary

The document that provides US Customs and Border Protection (CBP) with details of your shipment, such as cost, classification, and origin.

Payment charged by customs when importing or exporting goods.

The notional value of the goods used for customs duties.

Goods that are transported by different types of vehicles.

Same as CPT but insurance is added for seller’s account on a definite part of the route. The shipping section covered by insurance can be any.

Customs form permitting in-bond cargo to be moved from one location to another under Customs control, within the same Customs district.

Settlement form, in which the exporter receives payment after submission of shipping documents to the bank or the importer receives documents for the goods after payment.

The tariff applied for chartering tonnage in a particular trade.

A person or organization that rents a ship for the transportation of cargo or passengers from its owner.

Fee charged by ocean carriers at certain U.S. ports for the use of their chassis.

A document stating that a shipment is free to be imported into the country after all legal requirements have been met.

A code describing a commodity or a group of commodities pertaining to goods classification. This code can be carrier tariff or regulating in nature.

Freight that might have been damaged during transit, but, the damage/loss/shortage was not notated on the Proof of Delivery.

A natural or legal person to whom, at the direction of the shipper, the goods should be delivered at the destination.

Freight sent under a single contract of carriage.

This is a fee for bringing together and packing several smaller shipments into the same container., applicable to ocean freight LCL and air freight.

The location where consolidation takes place.

An agent groups the cargo of several customers for container transportation.

A bill of lading issued by a consolidating freight forwarder to a shipper.

Devices for transporting containers for ship or other operations.

A storage area, other than a container yard, where shippers and consignees may pick up or drop off empty containers.

The charge made for the packing or unpacking of cargo into or from ocean freight containers.

Disinfection allowance (fumigation).

An identifier assigned to a container by a carrier.

An oceangoing vessel designed specifically to easily handle the loading, stowage, and off-loading of ocean freight containers.

The practice or technique of using a boxlike device in which a number of packages are stored, protected, and handled as a single unit in transit.

Special duties imposed on imports to offset the benefits of subsidies to producers or exporters in the exporting country.

When a shipping container has been filled by volume but has not reached its maximum weight limit.

An enterprise that uses the services as provided by another enterprise.

A legal entity that has received a license to perform intermediary functions in the field of customs clearance of goods at the expense and on behalf of the represented person.

Duties on exports from China

Duty on imports to the US may apply

Payment charged by customs when importing or exporting goods.

Navigation of a commercial cargo or passenger ship between seaports of the same state.

(1) A secure enclosed area for storing highly valuable items, (2) a pallet-sized platform with sides that can be secured to the tines of a forklift and in which a person may ride to inventory items stored well above the warehouse floor.

A document allowing special categories of goods to cross international borders without paying duties. This document is issued by customs.

The seller arranges the delivery to the indicated place and includes it in the goods price. As a rule, such a place is a terminal where an ocean carrier (shipping line) can accept cargo for further transportation.

A person who, under a contract of carriage, performs or mediates in the delivery of goods using a vehicle.

A document to advise customs of the shipment's details. This document confirms the owner or consignee of the cargo.

A freight carrier‘s right to hold on to cargo until they have received payment for transporting the goods.

(1) Movement of goods locally (short distances). (2) Сharge for pick-up and delivery of goods.

A group of countries producing the same product and having concluded an agreement between themselves to control the supply volume and price level of this product.

The buyer pays the seller in advance the shipment of goods.

Issued by an insurance company or broker. The document confirms the existence of an insurance policy and summarizes the main aspects and conditions of the policy.

Сertificate submitted by an exporter to those countries requiring it, listing goods to be imported and stating their place of origin. Used for customs and foreign exchange purposes.

A network of agencies and other intermediaries that link the manufacturer and the end-user.

Payment for the weight of the item. The chargeable weight may be the dimensional weight or, for container shipments, the gross weight of the shipment less the tare weight of the container.

Contract by which the owner of a ship lets it to others for use in transporting cargo.

Freight payable by the consignee at the port of destination.

All documents (commercial invoices, bills of lading, etc.) submitted to a buyer for the purpose of receiving payment for a shipment.