An alert that an MRP or DRP system generates to inform the controller of a situation requiring his or her attention. The chargeable weight may be the dimensional weight or, for container shipments, the gross weight of the shipment less the tare weight of the container. A generic certificate of origin may be requested by the customs authority of the country of import, in which case the COO must be stamped by a chamber of commerce. A label indicating cargo conforms to standards established by the European Union. Payment due to the shipowner for the carriage of goods beyond the contract port owing to circumstances beyond the control of the shipowner. A draft on a shipowner for wages, given to a seaman on signing Articles of Agreement and redeemable after the ship has sailed with the seaman on board. 0000009928 00000 n Glossary of Logistics Terms. Sale by an exporter directly to an importer located in another country. The freight and charges to be paid by the consignee. Usually the seller of the goods. Accessorial – An additional service requested for a freight shipment. A method whereby the seller uses the services of his bank to ensure that the buyer only receives the shipping documents under conditions specified by the seller, ie upon payment, or upon acceptance, of the seller’s bill of exchange. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination. Any container exceeding 102 inches in height. A system allowing the shipowner to pay his annual premium by instalments. Means the carriage of goods by at least two different modes of transport, from a place at which the goods are taken in charge situated in one country to a place designated for delivery situated in a different country. The initial port of entry where a vessel transporting goods first arrives at a country. Air Brake The air brake system on tractors is operated by air and consists of air lines, valves, tanks, and an air compressor. The association promotes safety, standardization in forms (baggage checks, tickets, weigh bills), and aids in establishing international airfares. An internationally recognized four-digit code used to identify dangerous goods. See also Bill of Lading – Order B/L and Notify Party. FR: Freight FREE DESPATCH: If loading/discharging achieved sooner than agreed, there will be no freight money returned. A short-sea vessel which transfers cargo between a central hub port and smaller "spoke" ports. Goods classified FAK are usually charged higher rates than those marked with a specific classification and are frequently in a container which includes various classes of cargo. Government payments or other financially quantifiable benefits provided to domestic producers or exporters contingent on the export of their goods and services. Data that indicate total exports or imports by country and by product. Vessels operating without a fixed itinerary or schedule or charter contract. The International Traffic in Arms Regulations regulate the export of space- or defense-related products and are enforced by the U.S. Department of State. A bill of lading with any clauses declaring a defective condition in the goods and/or their packing. Shipping Terms. May also include expected time of arrival. A letter of credit may be either irrevocable, in which case it cannot be changed unless both parties agree, or revocable, in which case either party may unilaterally make changes. Demurrage is a charge to be paid by a shipper or consignee to the carrier as penalty for delaying the carrier’s cargo beyond the allowed free time. A vehicle built for the purpose of transporting a container so that, when a container and chassis are assembled, the produced unit serves as a road trailer. Export agent or merchant who purchases products directly from the manufacturer, packing and marking the products according to his or her own specifications. Proof Of Delivery, or a cargo/package receipt with the signature of recipient. An export packing declaration states the type of packing materials that were used to pack the goods inside the shipment. Bunker Adjustment Factor – an adjustment to shipping companies’ freight rates to take into account fluctuations in the cost of fuel oil (bunkers) for their ships. D/P. An enterprise that provides services to group shipments, orders, and/or goods to facilitate movement. Sources drawn on in developing definitions for this glossary include: Brodie, Peter. Canada, Mexico, and the United States) to determine if goods imported into their countries receive reduced or eliminated duty. An Export Control Classification Number (ECCN) is an alphanumeric designation (i.e., 1A984 or 4A001) used in the Commerce Control List to identify items for export control purposes. OIELs cover multiple shipments of specific controlled goods to named destinations. Costs of ocean liner freight, wharfage and other port charges (at both port of departure and port of entry). Failure to export these items makes the importer liable for the payment of liquidated damages for breach of the bond conditions. A notional or calculated weight for bulky goods sent by air. The customs entry statement is compared to the carrier’s vessel manifest to ensure the goods are accurately declared. The compartment below the Main Deck (also synonymous with lower hold and lower lobe). Examples include costs of moving cargo inland on trains or trucks, stevedoring in some ports, and short-term equipment leases. And these are used every day to describe everything from modes of transport, units of measure, pricing structures, IncoTerms and much more. Parcel/package/small parcel/small package. A bilateral agreement is one in which both parties agree to provide something for the other. On this page: A. Accessorial Service - Service rendered by a carrier in addition to transportation services. The carriers invoice for payment of transport services rendered. U.S. Department of Commerce program that matches U.S. exhibitors at select U.S. trade shows with foreign buyers. A company that provides logistics services to other companies, such as warehousing and transportation. An agreement whereby the charterer takes over control costs and responsibilities of the vessel for an agreed period. Contract rate ("spot" rate) covers total operating expenses, i.e., bunkers, port charges, canal tolls, crew's wages and food, insurance and repairs. A group of vessel operators joined for the purpose of establishing freight rates. Stands for empty repositioning; refers to the movement of empty containers. The purpose of the conference is to standardize shipping practices, eliminate freight rate competition, and provide regularly scheduled service between specific ports. A “roll-on/roll-off” ship, where loaded transport vehicles are driven onto it, such as a car ferry, or where containerised and other cargo is loaded into it by forklifts or similar. FEU is a measure of a ship's cargo-carrying capacity. It is the shipper’s detailed document that gives full instructions to the agent that is arranging the export shipment (this is usually the freight forwarding company). The submitting of matters of controversy to judgment by persons selected by all parties to the dispute. Shipper's Export Declaration (SED) was a standard United States government form required for all U.S. exports with commodities valued at US$2,500 or higher. The seller bears all the costs and risks involved in bringing the goods to the place of destination. A situation where there are too many ships generally or in a particular trade for the level of available cargoes. It also shows the details of the consignee so that they can be contacted on arrival of the goods. As Team NYSHEX grows, those of us who have been in shipping for a long time have begun to realize that when we get blank stares, it's because of all the three and four letter acronyms that don't transfer across industries. Can be inland or at the dock-side. 0000004887 00000 n For example, a 40 foot container takes up the space of two TEUs. Paid To (CIP) Carriage and insurance paid for delivery to a named destination. The total cost which an importer pays to have goods delivered to their premises. Opposite of port. A carrier terminal activity that determines the proper rate and total charges for a shipment and issues a freight bill. Schedule B codes are used specifically for exporting out of the U.S. Freight Shipping. The value of the imported goods on which duties will be assessed. 0000244182 00000 n These ships generally rely on infrastructure on the wharf to load and unload the containers. The major shipping point in a local area; carriers consider all points in the local area to be the rate basis point. The opening on the deck of a ship which gives access to the cargo hold. For receipt of the goods, presentation of the sea waybill by the consignee named therein is not required, which can speed up processing at the port of destination. Request for proposal, request for quotation. An enterprise that arranges for the acquisition of goods or services and agrees to payment terms for such goods or services. It is published by IAP -- International Airlines Publications, an IATA company. Therefore, it’s important that importers, exporters and freight companies correctly communicate freight terms to avoid problems or disputes arising from misunderstanding them. A document issued by the seller, addressed to the buyer, giving details of the individual transaction, including a complete description of the goods, prices, currency, delivery and payment terms and so on. The invoice is prepared by the seller and acts as the document that the buyer will use to make payment. The initial opening of hatches on entering port and the commencement of discharge of cargo. When freight appears to be free of damage after being assessed it is said to be in apparent good order. Damage that is not evident from viewing the unopened package. If the carrying vessel is below the class specified, an additional premium is charged by underwriters for the additional risk involved. Removal of contents from a container (some times called stripping or discharging). The buyer bears all costs from that moment onwards. An overseas sales representative is the equivalent of a manufacturer’s representative in the United States. Used by NAFTA signatories (i.e. A piece of equipment attached to a chassis or railcar in order to secure the container. Right of marine assured to claim a total loss on the policy because of either: the property has been lost and recovery is unlikely; or an actual total loss appears to be unavoidable; or to prevent an actual total loss it would be necessary to incur an expenditure which would exceed the saved value of the property. Generally stated as 6000cm3 = 1 kg, meaning that the total volume in cubic centimetres is divided by 6000 to give an equivalent weight in kgs. The buyer on the Bill of Exchange document. A cost that a company can directly assign to a particular segment of the business. A ship operated by a signatory to a shipping conference agreement. A group of stevedores, usually four to five members, with a supervisor assigned to a hold or portion of the vessel being loaded or unloaded. An exempt for-hire air carrier that will fly anywhere on demand; air taxis are restricted to a maximum payload and passenger capacity per plane. There is no upper deck or main deck type of container/pallet at passenger aircraft. A large compressed, bound, and often wrapped bundle of a commodity, such as cotton or hay. A port employee tasked with loading and unloading ships. In a time charter, the owner is entitled to a limited time for his vessel to be off hire until such time as the vessel may be repaired or dry-docked. A deviation from the class rate; changes (exceptions) made to the classification. The Automated Commercial Environment is the online web portal used to report data to the Automated Export System (AES). Seller in advance of shipment of glossary of shipping terms or services and agrees to use its products or services with.... 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