Freight, shipping and chartering glossary

Disinfection allowance (fumigation).

An identifier assigned to a container by a carrier.

Document showing contents and loading sequence of a container.

An area intended for storing goods in containers, usually delivered by road, rail, and sea, where containers are picked up, dropped off, maintained and housed.

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

A place for handling/storage of materials used for fully unified cargo in containers and/or empty 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.

Cargo that is prohibited.

Contract on the legal obligations of the carrier and the client.

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

Supplier has organized land delivery, completed port formalities, performed loading on ship’s board, and paid freight charges to the port (airport) of destination.

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

An umbrella term for several sorts of trade in which the seller is required to accept goods or other instruments or trade, in partial or whole payment for its products.

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.

The carrying capacity of a container according to measurement in cubic feet, cubic centimeters or cubic meters.

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

The document containing the calculation of the amount of security and confirming the introduction of security for customs payments in the form of a bank guarantee, pledge agreement or guarantee.

A government agency providing the procedure for moving goods and vehicles, things, and other items across the customs border, levying customs payments.

The bond protects the US government should an importer not pay any duties, penalties, etc. either while the goods are in CBP custody or after release.

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.

The procedure provided for by the customs legislation of the country related to the import/export of goods and vehicles. Customs clearance includes: a) customs clearance, b) payment of customs duties, c) all types of administrative actions related to the legalization of cargo.

Duties on exports from China

Duty on imports to the US may apply

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.

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

Goods that are transported by different types of vehicles.

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

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.

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

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

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

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

An ocean carrier who is a member of an association known as a "conference." The purpose of the conference is to standardize shipping practices, eliminate freight rate competition, and provide regularly scheduled service between specific ports.

Freight sent under a single contract of carriage.

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

Devices for transporting containers for ship or other operations.

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

Disinfection allowance (fumigation).

Document showing contents and loading sequence of a container.

Cargo that is prohibited.

Supplier has organized land delivery, completed port formalities, performed loading on ship’s board, and paid freight charges to the port (airport) of destination.

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

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