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20 Cards in this Set
- Front
- Back
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dunnage
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Material placed around cargo to prevent damage or breakage by preventing movement. The material is normally furnished by the shipper and its weight is charged for in the rating of the shipment.
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free-astray
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A shipment miscarried or unloaded at the wrong station is billed and forwarded to the correct station, free of charges, on account of being astray, hence the term free- astray.
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fore majeure
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Any condition or set of circumstances, such as earthquakes, floods, or war, beyond the carrier's control that prevents the carrier from performing fulfillment of their obligations.
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foreign trade zone (FTZ)
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FTZs are special commercial and industrial areas in or near ports of entry where foreign and domestic merchandise, including raw materials, components, and finished goods, may be brought in without being subject to payment of customs duties.
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sea waybill
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A transport document which is not a document of title/negotiable document. The sea waybill indicates the "on board" loading of the goods and can be used in caes where no ocean bill of lading.
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returned without action
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For export control purposes, the return of an export license application without action because the application is incomplete, additional information is required, or the product is eligible for a general license.
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demurrage
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The detention of a freight car or ship by the shipper beyond time permitted for loading or unloading.
(shipping) (2) The extra charges a shipper pays for detaining a freight car or ship beyond time permitted for loading or unloading. Used interchangeably with detention. |
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double-column tariff
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An import tariff schedule listing two rates. The rates in one column are for products imported from preferred trading partner countries, while the rates in the second column are for products imported from non- preferred trading countries.
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drayage
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Same as cartage. The charge made for hauling freight or carts, drays or trucks.
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in bond
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A procedure under which goods are transported or warehoused under customs supervision until they are either formally entered into the customs territory of the United States and duties paid, or until they are exported from the United States.
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free out
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A pricing term indicating that unloading charges are for the account of the receiver.
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returned without action
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For export control purposes, the return of an export license application without action because the application is incomplete, additional information is required, or the product is eligible for a general license.
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pro forma
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When coupled with the title of another document, it means an informal document presented in advance of the arrival of preparation of the required document in order to satisfy a requirement, usually a customs requirement.
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line haul
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The direct movement of freight between two major ports by a single ship.
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house-to-house
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It is a term, which is usually used to indicate a container yard to container yard shipping.
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letter of indemnity (LOI)
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A document which serves to protect the carrier/ owner financially against possible repercussions in connection with the release of goods without presentation of an original bill of lading. A letter of indemnity is used in case in which the goods arrive at the port of destination before the original bills of lading.
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keelage
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The charges paid by a ship entering or remaining in certain ports.
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International Standards Organization (ISO)
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The ISO, established in 1947, is a worldwide federation of national bodies, representing approximately 90 member countries. The scope of the International Standards Organization covers standardization in all fields except electrical and electronic engineering standards.
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free in and out (FIO)
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A pricing term indicating that the charterer of a vessel is responsible for the cost of loading and unloading goods from the vessel.
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inherent vice
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Damage to goods which one can foresee is bound to occur during any normal transit, and which arises solely because of the nature or condition of the goods shipped.
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