Freight, shipping and chartering glossary

The charge made for the packing or unpacking of cargo into or from ocean freight 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).

An identifier assigned to a container by a carrier.

Document showing contents and loading sequence of a container.

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.

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.

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.

Cargo that is prohibited.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

A government agency providing the procedure for moving goods and vehicles, things, and other items across the customs border, levying customs payments.

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 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 tariff applied for chartering tonnage in a particular trade.