Freight, shipping and chartering glossary

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.

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

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.

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.

(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.

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.

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

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

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.

Transportation of goods by at least two different modes of transport; widely used in container shipping. When using it, transportation can be carried out by sea and further by rail and/or road according to one document. Combined Transport is also referred to in the USA as "Intermodal Transport" and in other parts of the world as "Multimodal Transport"

Products; commercial products and services.

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.

The location where consolidation takes place.

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

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

Registration of all formalities and operations necessary to obtain permission to unload the container from the vessel and to load it on board the vessel.

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.

An identifier assigned to a container by a carrier.

A carrier-designated facility at which LCL cargo is received from consignors for consolidation and loading into containers or at which LCL cargo is unloaded from containers and delivered to consignees.

Document showing contents and loading sequence of a container.

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.

Cargo that is prohibited.

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