Freight, shipping and chartering glossary

Drayage fuel.

An enterprise that provides services to facilitate the transport of shipments. Services can include documentation preparation, space and equipment reservation, warehousing, consolidation, delivery, clearance, banking and insurance services, and agency services. The forwarder may facilitate transport by land, air, ocean, or may specialize in one mode of transport. Also called Forwarder or Foreign Freight Forwarder.

The rate established for transporting freight.

Goods being transported from one place to another.

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

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

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

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

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.

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."

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

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

Transportation of cargo that completely fills the truck.

The freight and charges to be paid by the consignee.

The freight companies that physically transport “carry” the freight on behalf of shippers.

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

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

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

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.

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 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.

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

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.

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

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

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

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

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

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

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

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

Goods being transported from one place to another.

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

The carriers invoice for payment of transport services rendered.

The rate established for transporting freight.

A type of cargo has been given certain characteristics that dictate how much it costs to transport them.

Transportation of cargo that completely fills the truck.

An enterprise that provides services to facilitate the transport of shipments. Services can include documentation preparation, space and equipment reservation, warehousing, consolidation, delivery, clearance, banking and insurance services, and agency services. The forwarder may facilitate transport by land, air, ocean, or may specialize in one mode of transport. Also called Forwarder or Foreign Freight Forwarder.

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

Drayage fuel.

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

The freight and charges to be paid by the consignee.

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.

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

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