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Definitions (81)
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accessorial charge
A charge assessed in addition to ocean freight (charges), i.e., stuffing charges, loose cargo charge, terminal charges.
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ad valorem
Latin for "According to the value". When a shipper wishes to increase the liability of a carrier beyond the liability stated in the terms of the bill of lading, he places the actual [..]
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Agent
One who negotiates contracts, or acts in the legal capacity of another party.
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Arrival Notice
Port offered by service where the vessel does not physically call. The cargo will be trucked or railed to or from the load or discharge port. The truck or rail portion is at the expense of carrier.
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bill of lading
A document signed by the agents or owners of a vessel, furnishing written evidence for the conveyance and delivery of merchandise sent by sea to a certain destination. It is both a receipt for merchan [..]
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Bonded goods
Dutiable goods upon which excise duty has not been paid, i.e., goods in transit or warehoused pending use. The bond is the agreement entered into by the owner of the dutiable goods with Customs and th [..]
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booking
Arrangements made by a shipper or forwarder with the carrier to reserve space on a vessel for the carriage of cargo.
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Breakbulk Cargo
General cargo conventionally stevedored and stowed as opposed to bulk, unitized, or containerized cargo.
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Broker
One who arranges transportation and/or clearing of cargo without actually performing the transportation.
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carrier
An individual, company, or corporation engaged in the transportation of goods.
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