A net advantage a company gains by sharing a common location with other companies. Fulfilment by Amazon (FBA), you store your products in Amazon's fulfilment centres, and they pick, pack, deliver, and provide customer service for these products. Costs that vary directly with the level of activity within a short time. In relation to general aver age, and to calculate contributions due from the parties concerned to make good general average losses. Many other countries use the CIF value at the time or declaration in the importing country. Since they usually handle thousands of small parcels an hour, they are less expensive and offer more diverse services than regular carriers. The adjuster may also adjust claims on hull insurance policies on behalf of underwriters. Insurance covering the international, and often local, transport of goods. An Export Management and Compliance Program is required by the U.S. Government to ensure that companies comply with export control policy for dual-use commodities, software, and technology. Intermodal transportation is the movement of goods via more than one type of transportation (e.g. The relative use that companies make of transportation modes; the statistics include ton-miles, passenger-miles, and revenue. They must clear the products not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities. The inspection of foreign ships in national ports for the purpose of verifying that the condition of a ship and its equipment comply with the requirements of international conventions and that the vessel is manned and operated in compliance with applicable international law. Remarketers then sell these products overseas through their contacts in their own names and assume all risks. submitted to a buyer for the purpose of receiving payment for a shipment. A common measurement of the internal volume of a ship with certain spaces excluded. ADCOM ... Materials of various types, often timber or matting, placed among the cargo for separation, and hence protection from damage, for ventilation and, in the case of certain cargoes, to provide space in which the forks of a lift truck may be inserted. Instrument issued by a bank on behalf of an importer that guarantees an exporter payment for goods or services, provided that the terms of the credit are met. Individual or company that employs longshoremen and contracts for the loading and unloading of ships. A common motor carrier that has operating authority to transport general commodities, or all commodities not listed as special commodities. Also called dunnage. Cargo Ship - Ships between a person and an inanimate object. A document certifying that merchandise is in good condition immediately prior to being shipped. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination. (1) A secure enclosed area for storing highly valuable items, (2) a pallet-sized platform with sides that can be secured to the tines of a forklift and in which a person may ride to inventory items stored well above the warehouse floor. And these are used every day to describe everything from modes of transport, units of measure, pricing structures, IncoTerms and much more. An underwriter is not obliged to accept abandonment, but if he does he accepts responsibility for the property and liabilities attaching thereto, in addition to being liable for the full sum insured. A bill of materials or product structure is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture a product. Lower deck type 3 container. The act of obtaining permission to import merchandise from another country into the importing nation. The Dangerous Goods Note (DGN) is a transport document that gives details about the contents of a consignment to carriers, receiving authorities and forwarders describing any goods that may be considered hazardous. LANDBRIDGE (1) A system of through rates and service offered by a carrier for cargo shipments from a foreign port to a U.S. port, across U.S. land to another U.S. port and finally by sea to a foreign port destination. Intermodal Shipping. The buyer should note that under CIF the seller is required to obtain insurance only on minimum cover. U.S. government agency tasked with gathering intelligence and statistics. Used to refer to a pairing or another aspect of the series that is considered to be true to the story-line. All documents (commercial invoices, bills of lading, etc.) It is charged with regulating and facilitating international trade, collecting import duties, and enforcing U.S. regulations, including trade, customs, and immigration. Can also refer to goods being transferred from one method of transport to another. An FEU equals two TEUs. An insurable interest that ceases during the transit of goods. A product may be considered a dangerous good if it is corrosive, flammable, poisonous, toxic, explosive, etc. Containers do not have sides or a top. Port where a ship discharges or receives traffic. An LTL carrier mixes freight from several customers in a single truckload. Stands for 'Any Time Day or Night, Sundays and Holidays Included'. A method of payment for goods whereby the buyer pays the seller in advance of shipment of goods. An official responsible for overseeing the operations of a harbour. The Act also makes provision for entry into force of the Hamburg Rules on a date to be proclaimed. See FPPI and USPPI. When sending products across the country or overseas, familiarity with certain documents and types of charges can prevent confusion and losses for your company. The ultimate consignee is the person located abroad who is the true party in interest, receiving the export for the designated end-use. The seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. Freight that has not been called for or picked up by the owner or ultimate consignee. The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements. A fortuitous partial loss of insured property proximately caused by an insured peril, but which is not a general average loss. The risk of loss of or damage to the goods passes when the products are on the ship. A structure built on the shore of a harbour which facilitates the docking of ships. Dangerous Goods Regulations (DGR) The IATA Dangerous Goods Regulations (DGR) is the trusted source to help you prepare and document dangerous shipments. A form which may be required in the following circumstances by a shipowner to be completed by the consignee and countersigned by the consignee's bank: 1) When release of goods is required without production of the Bill of Lading (e.g. The amount that a vessel tilts from the vertical, measured in degrees. The return of a portion of the freight charges by a carrier or a conference shipper in exchange for the shipper giving all or most of his shipments to the carrier or conference over a specified period of time (usually six months). In the context of international trade, shipper is a term typically used to identify the company selling the goods to a foreign market. The abbreviation of the name of an organization that should be notified when a shipment reaches its destination. SASO. Ocean carriers will prepare a manifest will prepare a manifest per container, etc. This term is chiefly used when referring to warships and is the actual weight of water displaced by the vessel when floating at her loaded draught. Notification provided by the carrier when a shipment has arrived to the consignee or notify party. Intermodal freight transport refers to shipments that involve more than one mode. Also called a free trade zone or free port. Shipping Terms. Unused material that has a market value and can be sold. An association of several independent national or international business organizations that regulates competition by controlling the prices, the production, or the marketing of a product or industry. A notation on a bill of lading indicating that cargo has been stowed on the open deck of a ship. A phrase referring to local rules and practices which may impact a shipment. Opposite of export. The risk of loss of or damage to the goods passes when the products are on board the vessel. Vessel designed to carry containers only and no other cargo. A carrier's ability to provide service between an origin and a destination. IATA: International Air Transport Association. 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. The compartment below the Main Deck (also synonymous with lower hold and lower lobe). Publishes the World Factbook, an important market research resource. A special port in which merchandise may be stored without being subject to import regulations. Freight rate which is paid on empty space in the vessel when the charterer is responsible for the freight rate of a full cargo. A bill of lading issued by a consolidator as a receipt for merchandise that will be grouped with cargo obtained from other shippers. An enclosed railcar, typically forty to fifty feet long, used for packaged freight and some bulk commodities. Costs of unloading at … Abbreviation for “cubic” used when describing measurements of volume. The percentage of order items that the picking operation actually found. This typically includes the costs of the goods, currency exchange, international transport, insurance premium, port charges, customs duties, delivery charges, documentation fees, bank charges etc. S.A.S.O: Certificate of Conformity (Specific to Saudi Arabia).
This type of U.S. Government authorization allows a controlled item to be exported under defined conditions without a transaction-specific licence. Required for statistical purposes, it accompanies all controlled goods being exported under the appropriate permit. Material (often wood) placed next to cargo to prevent excessive movement of the cargo during transit in order to avoid damage. Specific restrictions or ceilings imposed by an exporting country on the value or volume of certain exports designed, for example, to protect domestic producers and consumers from temporary shortages of the goods affected or to bolster their prices in world markets. Remaining compartments are used for other types of cargo. The space not filled with liquid in a drum or tank. A revocable letter of credit is inadvisable as it carries many risks for the exporter. The document which covers transport by sea. Recognized by the world's airlines for almost 60 years, the DGR is the most complete, up-to-date, and user-friendly reference in the industry. An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer. Treaty (such as FTAA or NAFTA) between two or more countries to establish a free trade area where commerce in goods and services can be conducted across their common borders, without tariffs or hindrances but (in contrast to a common market) capital or labour may not move freely. A storage method where product is presented to picking operations at one end of a rack and replenished from the opposite end. Receipt issued by an ocean carrier to acknowledge receipt of a shipment at the carrier’s dock or warehouse facilities. The sales representative usually works on a commission basis, assumes no risk or responsibility, and is under contract for a definite period of time. Colloquial term for a shipping container. The seller is responsible for pre-paying the freight contract. Parties who benefit from a general average loss are required to make good that loss by contributing in the proportion that the saved value of the party's property bears to the saved value of all interest involved in the adventure. Usually in motor carrier's possession while draying cargo. The goods are not subject to duties if re-shipped to foreign points. 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. An agent employed (at a customary or an agreed rate of commission or remuneration) to buy or sell goods, merchandise or marketable securities, or to negotiate insurances, freight rates or other matters, for a principal; the sales of trans actions being negotiated not in his own name but in that of the principal. Also shown sometimes as 167 kg = 1 cbm. Element in the freight charged by a shipping line which reflects the additional costs of serving a particular area. Arrangement in which one manufacturer or service company distributes a second company’s product or service. EPZs have evolved from initial assembly and simple processing activities to include high-tech and science parks, finance zones, logistics centers, and even tourist resorts. Type of ship which trades only in the Great Lakes of North America. OIELs cover multiple shipments of specific controlled goods to named destinations. LCL (Less Than Container Load) LTL (Less Than Truck Load) Return to top . The detention of a vessel until the purpose of the arrest has been fulfilled. Holding sheds, next to shipping berths, where goods are held prior to or after loading. Typically a freight broker will connect small shippers to carriers who can move their goods. 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. Equipment such as rigging or cranes used on a ship for loading or unloading cargo. To establish a claim for constructive total loss the assured must abandon what remains of the property to underwriters and give notice of his intention to do so. The seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such site is agreed between parties). The shipper may also be called the exporter or consignor in this case. 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. A profit level that enables a carrier to realize a rate of return on investment or property value that the regulatory agencies deem acceptable for that level of risk. This allows easy fork-lift and crane access. 2 ALASKA MARINE LINES 5615 W. Marginal Way S.W. The rolling stock carriers use to facilitate the transportation services that they provide, including containers, trucks, chassis, vessels, and airplanes, among others. It is also unlawful to make a payment to any person while knowing that all or a portion of the payment will be offered, given, or promised, directly or indirectly, to any foreign official for the purposes of assisting the company in obtaining or retaining business. Denied trade screening is the process of screening parties involved in an export transaction for complying with the safety standards of the U.S. Government. Where the ship deviates without lawful excuse the underwriter, unless the policy provides otherwise, is discharged from all liability from the time the vessel deviates, and insurance cover does not reattach if and when the vessel regains her original course. Equipped with large openings at bow and stern and sometimes also in the side, the ship permits rapid loading and discharge with hydraulically operated ramps providing easy access. Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce publication 600, which lays out guidelines for banks to follow when dealing with L/Cs. Ship designed to carry ISO (International Standards Organisation) containers, in vertical cells within the holds. A freight transportation output measure that reflects the shipment's weight and the distance the carrier hauls it; a multiplication of tons hauled and distance traveled. The transfer of containers from one ship to another when both ships are controlled by the same carrier. The buyer who has requested his bank to arrange an L/C on his behalf. Typically, the shipper is responsible for payment for prepaid shipments, while the consignee is responsible for payment for collect shipments, unless a third party is indicated as the payor on the shipping documents. Charges incurred with movements of cargo from vessels, through the ports. The shipper of goods, or shipper of a transportation movement. Word, symbol, name, slogan, or combination thereof that identifies and distinguishes the source of sponsorship of goods and may serve as an index of quality of a particular product. Coastal navigation, also used for reservation of transport within a country to its own shipping. 4) The subject matter of the insurance, be it ship or goods on board the ship. This is used to re-confirm the details of goods that have been ordered. Freight rates which include loading/unloading charges, generally with a regular shipping lines. Goods in active pick locations and ready for order filling. Drafts that are paid on presentation are called sight drafts. 3122 0 obj<>stream
Opposite of port. Return to top . A document listing details regarding the crew and cargo onboard a vessel. Failure to export these items makes the importer liable for the payment of liquidated damages for breach of the bond conditions. Before the shipment can be released to the buyer, the original “order” ocean bill of lading (the document that evidences title) must be properly endorsed by the buyer and surrendered to the carrier. The total weight of a vehicle including the weight of the vehicle itself and any attached containers. Documentary Letter of Credit/Documentary Draft. are for the Buyer. Their assets are blocked, and U.S. persons are generally prohibited from dealing with them. A warehouse that stores goods on the goods' owner's property while the goods are under a bona fide public warehouse manager's custody. Basic Service Rate Additional – the charge levied by shipping companies to importers for LCL cargo, including the port charges, transport to an unpacking depot (see CFS) subsequent sorting and storage of the goods and finally loading onto a vehicle collecting the goods for delivery to the buyer. A deviation from the class rate; changes (exceptions) made to the classification. The international agency of national maritime law associations, authors of the Hague Rules. Materials handling devices that include hand trucks and forklifts. Cargo that is shipped as a unit or package (for example: palletized cargo, boxed cargo, large machinery, trucks) but is not containerized. More specifically it usually refers to the use of intermodal shipping containers that are easily transferred between ship, rail, plane and truck. Site in a foreign country established to encourage and facilitate international trade. This can occur in the event of a breach of good faith by the assured or by his broker or, in the case of a voyage policy, where the voyage does not commence within a reason able time after acceptance of the risk by the underwriter. Used to meet import requirements of other countries. Contract rate ("spot" rate) covers total operating expenses, i.e., bunkers, port charges, canal tolls, crew's wages and food, insurance and repairs. A document, normally issued by a Chamber of Commerce which is a member of the International Chamber of Commerce (ICC) to enable the holder to temporarily take merchandise into certain countries, as samples or for display purposes, without the need to pay import duty or pay a bond for the duty. A propeller used to provide a transverse thrust to the bow of a ship and to assist movement in confined spaces. Some foreign countries apply tariffs to exports. The air waybill also contains shipping instructions, product descriptions, and transportation charges. Currency Adjustment Factor – an adjustment to shipping companies’ freight rates to take into account the effect over time of fluctuations in currency exchange rates. A claim is a demand made by a customer to a transportation company for payment in order to compensate for loss or damage of goods. The International Ship and Port Facility Code adopted by an IMO Diplomatic Conference in December 2002. One who carries any type of goods, other than a carrier of special goods. Container with hinged sides, top etc. In the United States the certificate of title for a vehicle or boat(also known as a car title or pink slip; or pinks in the plural) is a legal form, establishing a person or business as the legal owner of a vehicle. An undertaking given by a cargo assured to an underwriter agreeing to reimburse the under writer in the event that the issue of the underwriter's guarantee to pay a general average contribution results in payment in excess of the amount properly due under the policy. Costs for unloading the goods and any duties, taxes, etc. “Terminal” includes a place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. Specifically, they are a concessionary form of licencing. The owner uses the public warehouse receipts as collateral for a loan. It is attached to the Victualling Bill by the Customs officer who clears the vessel, and is then known as Outward Clearance. A U.S. Department of Commerce bureau responsible for export promotion programs. Under a CAD agreement, the seller receives the payment of the goods if the buyer pays the due amount and withdraws the pre-agreed documents (generally through its own bank). Uniform Rules for Collections, International Chamber of Commerce publication 522, which lays out guidelines for banks to follow when handling Collections. Cars completely unassembled and packed into cases. A machine-powered device used to raise and lower freight and to move freight to different warehouse locations. A bill of lading issued by a freight forwarder acting as a carrier. Therefore, it’s important that importers, exporters and freight companies correctly communicate freight terms to avoid problems or disputes arising from misunderstanding them. The International shipping and marine transport industry is full of unique shipping terms and shipping abbreviations. The issuer will require the holder to give them security by way of a bank guarantee. OIELs are potentially available to individual exporters who have a track record in applying for export licences or who can otherwise demonstrate a business case. As opposed to representing a given manufacturer in a foreign market, the ETC determines what U.S. products are desired in a given market and then works with U.S. producers to satisfy the demand. The freight and charges to be paid by the consignor. Choosing between the different types of freight services for your particular needs does not have to be a challenge. The freight and charges to be paid by the consignee. The party that receives the primary benefit from an export transaction, monetary or otherwise. The value for customs purposes of imported merchandise should be based on the actual value of the imported merchandise on which duty is assessed, or of like merchandise, and should not be based on the value of merchandise of national origin or on arbitrary or fictitious values. no document of title is required. A port designated by the government of a country for duty-free entry of any non-prohibited goods. A detailed statement showing goods sold or shipped and amounts for each. U.S. government agency that manages programs for U.S. exporters, including finance programs. An enterprise that arranges for the acquisition of goods or services and agrees to payment terms for such goods or services. Standard Carrier Alpha Codes are codes developed by the National Motor Freight Traffic Association which are used to identify inland carriers in the U.S. A carrier's system of recording movement intervals of shipments from origins to destinations. You can also download the glossary table as a PDF chart. Funds sent by one person to another as payment. An import or export shipment that has not yet cleared customs is referred to as in bond. Opposite of front or nose. Australian Port Charges Additional, the port charges passed on by shipping companies to importers for FCLs. 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. Ship designed with its own on-board derricks for the loading of goods into the holds. 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. The carrier whose name is printed on the bill of lading and with whom the contract of carriage exists. designed to be folded down to a small proportion (mostly about one quarter) of its erected volume. Ship without consolidation and under one MAWB ie non- consolidation . A company that provides logistics services to other companies, such as warehousing and transportation. Charterer hires a vessel for a long period, appoints the master and crew, and pays all running expenses. This process is called unitization. A measure of operating efficiency based on a comparison between a carrier’s operating expenses and its net sales. Any currency other than sterling, U.S. dollars or Canadian dollars. 0000006686 00000 n
One TEU measures twenty feet by eight feet by eight feet -- the dimensions of a standard twenty-foot container. Container Freight Station – place or depot where individual LCL cargo is loaded into, and unloaded from, containers. The tariff applied for chartering tonnage in a particular trade. The term used for the B/L issued by a shipping company to a freight forwarder for all of the goods covered by one or more House B/Ls on the one ship going from one loading port to one destination port. Customs uses EDI to interchange data with the importing trade community. The practice of selling goods in a foreign market at a price lower than which they would be sold at in the home market, to gain a competitive advantage over other suppliers. International Maritime Dangerous Goods code; the regulations established by the International Maritime Organization (IMO) for the international transport of dangerous goods. All products require a Certificate of Conformity also referred to as a SASO CoC to enable them to be cleared through Saudi Customs. They are based on HS codes and used by the U.S. Census Bureau to calculate trade statistics and by U.S. Customs and Border Protection to ensure that exporters are following U.S. export regulations. Some of the different freight options available include: 1. A restriction placed on an operation in order to protect public health and safety. Freight that is moved by air transportation. The seller retains ownership of the goods until they are sold but also carries all of the financial burden and risk. Refer APCA, BSRA and PSC. International Courier Express. An alert that an MRP or DRP system generates to inform the controller of a situation requiring his or her attention. North American Free Trade Agreement (NAFTA). Refers to the side of a ship. 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