COMMON SHIPPING TERMS

A mutual association of shipowners who provide protection against liabilities by means of contributions.

Materials used for the containment, protection, handling, delivery and presentation of goods and the activities of placing and securing goods in those materials.

Document issued within an enterprise giving instructions on how goods are to be packed.

Document specifying the contents of each individual package.

A platform on which goods can be stacked in order to facilitate the movement by a fork lift or sling.

The maximum measurements and dimensions of a vessel capable to pass the Panama Canal.

The revenue-producing load carried by a means of transport.

Instructions given by a seller to a bank to the effect that the buyer may collect the documents necessary to obtain delivery of the goods only upon actual payment of the invoice.

Those activities related to the flow of goods from the end of conversion to the customer.

That part of a wharf which is intended for the mooring of vessels.

Petty stealing of goods from a ship's hold, cargo shed or warehouse.

The location where a consignment (shipment) is received by the carrier from the shipper viz. the place where the carrier's liability for transport venture commences.

The location where a consignment (shipment) is delivered to the consignee viz. the place where the carrier's liability ends for the transport venture.

Name and address specifying where goods are collected or taken over by the carrier (i.e. if other than consignor).

The location where a consignment (shipment) is received by the carrier from the shipper viz. the place where the carrier's liability for transport venture commences.

Place where a vessel actually drops anchor or moors during a certain voyage.

The port where the cargo is actually loaded on board the sea (ocean) going vessel.

The carriage of goods (containers) by any mode of transport from the place of receipt to the port (place) of loading into the ocean vessel (main means of transport).

The carrier by which the goods are moved prior to the main transport.

Abbreviation: PSI

The checking of goods before shipment for the purpose of determining the quantity and/or quality of said goods by an independent surveyor (inspection company) for phytosanitary, sanitary and veterinary controls.

Presently there is a tendency by developing countries to use the inspection also for the purpose of determining whether the price charged for certain goods is correct.

Draft invoice sent to an importer by the exporter prior to order confirmation and shipment to assist in matters relating to obtaining import licences or foreign exchange allocations, or simply to advise the value of a consignment so that letters of credit can be opened.

A name to be used to describe particular goods on all documents and notifications and, if appropriate, on the goods. basis (air cargo).