Freight, shipping and chartering glossary

Unused material that has a market value and can be sold.

An authorized person (individual or firm) performing certain actions on behalf of another person (principal) on his behalf and in his interests.

A specific location from where goods will depart for movement.

Cost of storing cargo in an off-site warehouse.

The bill of lading for international rail freight transport.

An add-on charge to the applicable charges; motor carriers have a fuel surcharge, and railroads can apply a surcharge to any joint rate that does not yield 110 percent of variable cost.

The unit used in billing in the freight industry.

Defective material that has no market value and cannot be sold.

An intermediary that facilitates the execution of retail transactions between interested parties (customers) on their behalf and at their expense.

A firm that primarily matches up small shipments, especially single-traffic piggyback loads, to permit shippers to use twin-trailer piggyback rates.

The placing of goods in the cargo areas of ships with the aim of leveling it or stuffing under-deck voids. It is usually used when loading bulk and break bulk cargo.

The major shipping point in a local area; carriers consider all points in the local area to be the rate basis point.

Reserve stock, below which the level of stocks for this product should not fall.

A vessel for transporting goods on a wheelbase (cars, trucks, railway wagons) and passengers. The fundamental difference between vessels of this type is horizontal loading/unloading through an inclined bow or (usually) stern; this design is called a "ramp."

Surcharge related to airport terminal screening.

A load of goods sent by sea, road, train, or air.

A note from the exporter to the freight forwarder with instructions on how a shipment is being sent and where it is going.

Surcharge associated for breaking down a container.

A carrier service that permits a shipper to change the destination and/or consignee after the shipment has reached its originally billed destination and to still pay the through rate from origin to final destination.

Unused material that has a market value and can be sold.

Cargo which is on wheels, such as truck or trailers, and which can be driven or towed on to a ship.

Transport document used in shipping. The cargo is issued to a specific consignee specified in the sea waybill if he can document his identity, and at the same time, he doesn’t need to present his original copy of this waybill.

A specific location from where goods will depart for movement.

A document that breaks down the individual legs of a shipment and the surcharges each will incur, as per your freight quote.

An add-on charge to the applicable charges; motor carriers have a fuel surcharge, and railroads can apply a surcharge to any joint rate that does not yield 110 percent of variable cost.

A refrigerated container used to transport perishable goods.

Defective material that has no market value and cannot be sold.

The importer or their agent is required to electronically submit information relating to the shipment. This term is used in the USA.

A firm that primarily matches up small shipments, especially single-traffic piggyback loads, to permit shippers to use twin-trailer piggyback rates.

Different levels of service that you will use to fulfill your orders.

Surcharge associated with overweight containers on rail.

The unit used in billing in the freight industry.

An intermediary that facilitates the execution of retail transactions between interested parties (customers) on their behalf and at their expense.

A contract to optimize the flow of services provided by enterprises to consumers, rendered to each other by partners in the supply chain, as well as intra-company flows.

The placing of goods in the cargo areas of ships with the aim of leveling it or stuffing under-deck voids. It is usually used when loading bulk and break bulk cargo.

Specialized organizations and firms engaged in loading and unloading ships.

Reserve stock, below which the level of stocks for this product should not fall.

A vessel for transporting goods on a wheelbase (cars, trucks, railway wagons) and passengers. The fundamental difference between vessels of this type is horizontal loading/unloading through an inclined bow or (usually) stern; this design is called a "ramp."

A load of goods sent by sea, road, train, or air.

An authorized person (individual or firm) performing certain actions on behalf of another person (principal) on his behalf and in his interests.

Surcharge associated for breaking down a container.

Cost of storing cargo in an off-site warehouse.

Unused material that has a market value and can be sold.

Cargo which is on wheels, such as truck or trailers, and which can be driven or towed on to a ship.

A specific location from where goods will depart for movement.

An intermediary that facilitates the execution of retail transactions between interested parties (customers) on their behalf and at their expense.

An add-on charge to the applicable charges; motor carriers have a fuel surcharge, and railroads can apply a surcharge to any joint rate that does not yield 110 percent of variable cost.

The placing of goods in the cargo areas of ships with the aim of leveling it or stuffing under-deck voids. It is usually used when loading bulk and break bulk cargo.

Defective material that has no market value and cannot be sold.

Reserve stock, below which the level of stocks for this product should not fall.