Freight, shipping and chartering glossary

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.

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.

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.

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.

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.

Document claiming payment for goods supplied under conditions agreed between seller and buyer.

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.

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.

Disinfection allowance (fumigation).

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.

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.

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

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

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.

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

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.

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.

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.

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 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.

(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.

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