Freight, shipping and chartering glossary

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.

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.

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.

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.

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

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.

Duties on exports from China

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

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

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.

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.

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.

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 method of payment for goods, in which something is sold on a cash with order basis, payment must be sent along with the order, before the goods are sent out, and the transaction becomes binding on both buyer and seller.

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.

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.

Freight payable by the consignee at the port of destination.

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.

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.

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

A natural or legal person who delivered the goods for carriage and is indicated as the sender in the carriage document.

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

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

A single rigid, sealed, reusable metal box in which merchandise is shipped by vessel, truck, or rail.

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.

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.

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

Cargo that is prohibited.

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.

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.

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

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.

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

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

The notional value of the goods used for customs duties.

(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.