Freight, shipping and chartering glossary

Conventional unit for measuring the capacity of freight vehicles. Also referred to as 2 TEU.

A grain container or reservoir constructed around the hatchway between two decks of a ship which when filled with grain automatically feeds or fills in the vacant areas in the lower holds.

A supplier has organized land delivery, completed port formalities, and performed loading on ship’s board.

The US Department of Health and Human Services Agency, one of the federal executive departments.

Cargo to/from regional ports are transferred to/from a central hub port for a long-haul ocean voyage.

A setup wherein a company orders the same(fixed) quantity each time it places an order for an item.

Materials handling devices that include hand trucks and forklifts.

The percentage of order items that the picking operation actually found.

A warehouse that stores goods on the goods' owner's property while the goods are under a bona fide public warehouse manager's custody. The owner uses the public warehouse receipts as collateral for a loan.

A machine-powered device used to raise and lower freight and to move freight to different warehouse locations.

A profit level that enables a carrier to realize a rate of return on investment or property value that the regulatory agencies deem acceptable for that level of risk.

The value of the carrier's property; the calculation basis has included original cost minus depreciation, replacement cost, and market value.

Supplier produced, packed, and prepared the cargo to be shipped. Goods are received by the buyer’s carrier, which picks up the load from the seller’s place. You can call FCA conditions “buyer’s pick-up."

An ocean shipping mode, in which the entire container is intended for one supplier and occupies a full container (regardless of size).

A short-sea vessel which transfers cargo between a central hub port and smaller "spoke" ports.

A storage method where a product is presented to picking operations at one end of a rack and replenished from the opposite end.

The period of time allowed for the removal or accumulation of cargo before charges become applicable.

The carriers invoice for payment of transport services rendered.

The freight and charges to be paid by the consignee.

A quotation from a carrier or forwarder covering the cost of transport between two specified locations.

If consolidated into a container, the surcharge applied to the disinfection of the container.

Costs that do not fluctuate with the business volume in the short run.

A carrier that provides transportation service to the public on a fee basis.

The value of the carrier's property; the calculation basis has included original cost minus depreciation, replacement cost, and market value.

Supplier produced, packed, and prepared the cargo to be shipped. Goods are received by the buyer’s carrier, which picks up the load from the seller’s place. You can call FCA conditions “buyer’s pick-up."

A short-sea vessel which transfers cargo between a central hub port and smaller "spoke" ports.

Costs that do not fluctuate with the business volume in the short run.

The percentage of order items that the picking operation actually found.

Materials handling devices that include hand trucks and forklifts.

The US Department of Health and Human Services Agency, one of the federal executive departments.

A storage method where a product is presented to picking operations at one end of a rack and replenished from the opposite end.

A machine-powered device used to raise and lower freight and to move freight to different warehouse locations.

A document issued by a freight forwarder to the shipper that serves as certification of the receipt of cargo.

The period of time allowed for the removal or accumulation of cargo before charges become applicable.

Goods being transported from one place to another.

The carriers invoice for payment of transport services rendered.

The rate established for transporting freight.

The freight and charges to be paid by the consignee.

A quotation from a carrier or forwarder covering the cost of transport between two specified locations.

Drayage fuel.

If consolidated into a container, the surcharge applied to the disinfection of the container.

Cargo to/from regional ports are transferred to/from a central hub port for a long-haul ocean voyage.

A profit level that enables a carrier to realize a rate of return on investment or property value that the regulatory agencies deem acceptable for that level of risk.

The meaning of it is that the delivery is completed for the supplier when the product is on the quay for loading on a vessel hired by the recipient. FAS is intended only for transporting goods by sea or inland waterway.

A document that serves as confirmation that any wooden packing materials (ie, pallets) used in a cargo shipment have been fumigated.

An ocean shipping mode, in which the entire container is intended for one supplier and occupies a full container (regardless of size).

A port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties.

A warehouse that stores goods on the goods' owner's property while the goods are under a bona fide public warehouse manager's custody. The owner uses the public warehouse receipts as collateral for a loan.

Conventional unit for measuring the capacity of freight vehicles. Also referred to as 2 TEU.

A setup wherein a company orders the same(fixed) quantity each time it places an order for an item.