Freight, shipping and chartering glossary

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.

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 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.

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.

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.

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.

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

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

A group of vessel operators joined for the purpose of establishing freight rates.

This surcharge is dependent on unusual events, e.g. strikes, bad winter, major port fires.

Freight sent under a single contract of carriage.

Collection and storage of small consignments from several consignors for their subsequent transportation by one transport 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.

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.

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.

An identifier assigned to a container by a carrier.

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.

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.

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.

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.

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.

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 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.

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