As a fresh graduate student, you get confused by shipping glossary or some glossaries that you may forget, please use our tools to get instant result.
|Shipper / Consignor.||The entity who is normally the supplier or owner of the goods and responsible for a shipment and may bear the transportation costs.|
|Consignee.||The entity who is responsible for the receipt of a shipment and normally a freight receiver.|
|Carrier.||The legal entity that transports goods by sea, air or land in its own chartered plane, vessels or equipment and is responsible for possible loss of the goods during transportation. Examples: Airlines, shipping lines, trucking companies, railroad companies.|
|Incoterms.||Incoterms (International Commercial Terms) are commercial terms, published by the ICC (International Chamber of Commerce).|
|Freight Forwarder.||An agency who arranges transportation with one or more carriers to transport the freight from a shipper to a consignee. Forwarders also provides shipping services such as warehousing, packaging, labeling, customs clearance, warehousing.|
|Customs Broker.||Customs brokers are individuals or corporations licensed and regulated by a country to help importers and exporters to prepare customs documentation and ensure their shipments meet all applicable regulation to process the import or export goods.|
|Business Rule.||A Business Rule is a business condition to influence or control the behaviour of the business.|
|Chassis.||A chassis is a trailer, used to transport ocean containers, normally provided by carriers or truckers.|
|Consolidator.||A company or freight forwarder which consolidates cargo for air or sea transportation. For ocean shipments, a consolidator accept LCL shipments and combine them into FCL shipments.|
|Dead freight.||The amount paid for the slot or space on a ship or container but not used completely by the shipper or charterer.||Ex: you pay usd1000 per 20'DC from SIN to LAX. The capacity of 1 x20'DC is 28cbm but you only load 8cbm of cargo for this 20'DC. The amount you pay for 20cbm of no cargo in this 20'DC is dead freight.|
|Dead weight (tonnage).||Dead weight is maximum total weight a vessel can carry. It includes weight of the cago, equipments, spare parts, passengers if any, crew, fuel, food, water, etc. except the weight of the vessel.|
|Arbitrary.||A add-on rate over a fixed rate to transport the cargo from/to additional state.|
|Arrival Notice.||A notification by forwader or carrier to the consignee for the arrival of the shipment.|
|Detention.||The penalty fee against shipper or consignee that holds carrier equipment OUTSIDE the port / terminal / depot longer than the agreed free time which is counted from empty pick-up to full gate-in for export and full gate-out to empty gate-in for import.|
|Demurrage.||The penalty fee against shipper or consignee that holds carrier equipment IN the port / terminal / depot longer than the agreed free time which is early drop-off for exports or late pick-up for import.|
|Call.||The visit of a vessel to a port.|
|Breakbulk.||Loose cargo or noncontainerized cargo, stowed directly in a ship’s hold.|
|Bill of Lading.||An official document that serves as a document of title, a contract of carriage and a receipt for goods.|
|Bulk Cargo.||Cargo that is not in containers or packages and normally shipped loose such as coal, sulfur, fertilizers, grain, oil, etc.|
|Bulk vessel.||Vessel that is designed to carry bulk cargo such as coal, sulfur, fertilizers, grain, oil, etc.|
|Cargo Manifest.||A cargo manifest is a kind of document that lists all cargo carried on a specific air craft or vessel voyage and shipment information.|
|Certificate of Origin.||A document to certify the origin of goods in order to obtain the preferential tax and duty.|
|Cut–Off Time.||The latest time airlines or shipping lines allow the cargo to be delivered to a terminal for loading to a plane or vessel as schedule.|
|Dry Cargo.||Goods that is not liquid and/or does not require temperature control.|
|Dry container.||A container which is designed to carry dry cargo.|
|Equipment Interchange Receipt.||A document transferring an equipment from/to a terminal or from one carrier to another.|
|Export License.||A document that permits the “Licensee”, such as shipper by the government to engage in the export of cargo.|
Find this Shipping Glossary helpful? Please share it with your friends.
You still get stuck with some shipping abbreviation? Don’t worry, please search it here.
If you have any term that you cannot find them here, please provide them in the comment section, I will update them in the list as soon as possible.