Freight, shipping and chartering glossary

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

The tariff applied for chartering tonnage in a particular trade.

Freight payable by the consignee at the port of destination.

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

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.

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.

Document showing contents and loading sequence of a container.

Cargo that is prohibited.

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.

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 notional value of the goods used for customs duties.

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

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.

(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.

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.

The tariff applied for chartering tonnage in a particular trade.

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

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.

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.

The location where consolidation takes place.

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.

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.

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.

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.

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.

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 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 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.

Goods that are transported by different types of vehicles.