Freight, shipping and chartering glossary

Freight payable by the consignee at the port of destination.

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.

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).

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.

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.

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.

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.

The buyer pays the seller in advance the shipment of goods.

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.

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"

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

Freight sent under a single contract of carriage.

The location where consolidation takes place.

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.

Cargo that is prohibited.

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.

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.

(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.

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 freight carrier‘s right to hold on to cargo until they have received payment for transporting the 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.

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

A bill of lading issued by a consolidating freight forwarder to a shipper.

Devices for transporting containers for ship or other operations.

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.

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.

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.