Freight, shipping and chartering glossary

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.

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

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.

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

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

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 freight and charges to be paid by the consignee.

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

The carriers invoice for payment of transport services rendered.

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

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

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

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.

Transportation of cargo that completely fills the truck.

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

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

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

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.

Materials handling devices that include hand trucks and forklifts.

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

Goods being transported from one place to another.

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

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

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

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

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 rate established for transporting freight.

The freight and charges to be paid by the consignor.

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

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."

Drayage fuel.

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

Materials handling devices that include hand trucks and forklifts.

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

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.

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

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

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

The carriers invoice for payment of transport services rendered.

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

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.

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

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.