Shipping Terms                               

Through bill of lading

Temporary Import Entry

List of cargo, incoming and outgoing, checked by Tally clerk on dock.

The weight of the container and/or packing materials only - excluding the weight of the goods inside the container.

A general term for any listing of rates, charges, etc. the tariffs most frequently encountered in foreign trade are  tariffs of the international transportation companies operating on sea, on land, and in the air; tariffs of the international cable, radio, and telephone companies; and the customs tariffs of the various countries, which list goods that are duty free and those subject to import duty, giving the rate of duty in each case. There are various classes of customs duties.

Any cargo requiring carriage under controlled temperature

Twenty foot equivalent.

Where cargo is carried by an airline, from the country in which it is based, to a foreign country.

A draft that matures in a certain number of days, either from acceptance or date of the draft.

The passing of title to exported goods is determined in large measure by the selling terms. For example, if an exporter sells goods c.i.f he may be presumed to pass ownership and tender of documents. However, he may ship on a bill of lading drawn to his own order, to prevent the buyer from gaining possession of the goods until the draft is paid or accepted. In this case he retains a security title to the goods; that is, a title for security purposes only, until the financial arrangement is carried out. Caution  depending on the laws of the buyer's country, you may not be able to force passage of title without payment having been received or the buyer having accepted delivery of the goods or a clear understanding by the buyer being understood and accepted.

Truckload

Freight rates for liner cargo generally are quoted on the basis of a certain rate per ton, depending on the nature of the commodity. This ton, however, may be weight ton or a measurement ton.

Indicates the carrying capacity of the ship in terms of the weight in tons of the cargo, fuel, provisions and passengers which a vessel can carry.

The weight of the volume of water which the fully loaded ship displaces.

Measure of airline freight capacity

Indicates the cubical contents or burden of a vessel in tons of 100 cubic feet. The space within a vessel in units of 100 cubic feet.

A carrier's system of recording movement intervals of shipments from origin to destination.

A term used to define a geographic area or specific route served by carriers.

Rate-fixing machinery operated by IATA.

A tramp is a vessel that does not operate along a definite route on a fixed schedule, but calls at any port where cargo is available.

A letter of credit that allows all or a portion of the proceeds to be transferred from the original beneficiary to one or more additional beneficiaries.

The number expressing the maximum radiation level in a package of ULD

The transfer of a shipment from one carrier to another in international trade, most frequently from one ship to another. In as much as the unloading and reloading of delicate merchandise is likely to cause damage, transshipments are avoided whenever possible.

Truckload rates apply where the tariff shows a truckload minimum weight. Charges will be at the truckload minimum weight unless weight is higher.

Release of merchandise by a bank to a buyer for manufacturing or sales purposes in which the bank retains title to the merchandise.

Capital construction projects in which the supplier (contractor) designs and builds the physical plant, trains the local personnel on how to manage and operate the facility and presents the buyer with a self-sustaining project (all the buyer has to do is "turn the Key").

Shipping Terms                               

United Kingdom Air Cargo Club.

Unit Load Device. Pallet or Container for freight.

A bill containing reservations as to the good order and condition of the goods, or the packaging, or both. Examples  "bags torn;" "drums leaking;" "one case damaged;" "rolls chafed."

The packing of single or multiple consignments into ULDs or pallets.

Organization which negotiates international mail charges.

Shipping Terms                               

Transportation charges assessed shippers who declare a value of goods higher than value of carrier's' limits of liability.

A sales or consumption tax which the end user pays. Typically, this is a "hidden" tax, added to the list price of the goods in question.

Vessel

An invoice properly validated by the Minister of Trade in regard to quota entries.

Used when calculating air freight when the size of the carton is greater than the average weight, calculated by multiplying the length times the width times the height and dividing by 166.