Freight, shipping and chartering glossary

Type Meaning
Shipper's agent

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

Shipment

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

Rate basis point

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

Rail overweight fee

Surcharge associated with overweight containers on rail.

Stripping

Surcharge associated for breaking down a container.

Screening charge

Surcharge related to airport terminal screening.

Salvage material

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

Shipper’s Letter Of Instruction (SLI)

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

Shipment Point

A specific location from where goods will depart for movement.

Re-consignment

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.

Rail Waybill

The bill of lading for international rail freight transport.

Surcharge

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.

Sea Waybill

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.

Scrap material

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

Shipping Quote

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

Shipper's agent

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

Reefer

A refrigerated container used to transport perishable goods.

Rate basis point

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

Security Filing

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

Screening charge

Surcharge related to airport terminal screening.

Shipping Types

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

Shipper’s Letter Of Instruction (SLI)

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

Release Approval

Document to advise that goods are available for further movement or action.

Re-consignment

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.

Separable cost

A cost that a company can directly assign to a particular segment of the business.

Sea Waybill

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.

Special Customs Invoice

In addition to a customs invoice, some countries require a special customs invoice designed to facilitate the clearance of goods and the assessment of customs duties in that country.

Shipping Quote

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

Return Cargo

A cargo which enables a ship to return loaded to the port or area where her previous cargo was loaded.

Reefer

A refrigerated container used to transport perishable goods.

Service

The defined, regular pattern of calls made by a carrier in the pick-up and discharge of cargo.

Security Filing

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

Spot Voyage

A charter for a specific vessel to move a single cargo between indicated loading port(s) and discharge port(s) in the near future.

Shipping Types

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

Revenue Ton

The unit used in billing in the freight industry.

Release Approval

Document to advise that goods are available for further movement or action.

Service Contract

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.

Separable cost

A cost that a company can directly assign to a particular segment of the business.

Stevedore

Specialized organizations and firms engaged in loading and unloading ships.

Special Customs Invoice

In addition to a customs invoice, some countries require a special customs invoice designed to facilitate the clearance of goods and the assessment of customs duties in that country.

Safety stock

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

Shipment

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

Stripping

Surcharge associated for breaking down a container.

Salvage material

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

Shipment Point

A specific location from where goods will depart for movement.

Surcharge

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.

Scrap material

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

Shipper's agent

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

Screening charge

Surcharge related to airport terminal screening.

Shipper’s Letter Of Instruction (SLI)

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