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Glossary

Shipping Terms

Exim Terms

Trade Laws
















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Trade Terms                                  

 
TARE WEIGHT


The weight of a container and packing materials without the weight of the goods it contains.

TENOR

The term fixed for payment of a draft.

TERMS OF SALE

The invoice is the sales contract between buyer and seller and indicates the Terms of Sale.

THROUGH BILL OF LADING

A single bill of lading converting both the domestic and international carriage of an export shipment. An air waybill is essentially a through bill of lading used for air shipments. However, ocean shipments usually require two separate documents -- an inland B/L for domestic carriage and an ocean B/L for international carriage. Through bills of lading are insufficient for ocean shipments.

TONNAGE

Gross Tonnage - Total internal carrying capacity of a vessel expressed in measurement tons (one measurement ton = 100 cu. ft.).

TRANSIT SHIPMENT

A term designating a shipment destined for an interior point or a place best reached by reshipment from another port.

TRANSSHIPMENT

To transfer from one ship or conveyance to another for further transit.





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