Glossary

– For ships, a cargo handling area parallel to the shoreline where a vessel normally ties up. – For land transportation, a loading or unloading platform at an industrial location or carrier terminal.

A form used to acknowledge receipt of cargo and often serves as basis for preparation of the ocean bill of lading.

Refers to the charge assessed against the vessel for berthing at the facility or for morring to a vessel so berthed.

Present a rate proposal to a conference meeting for adoption as a conference group rate.

Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer only upon the buyer’s acceptance of the attached draft.

An indication on a draft that the documents attached are to be released to the drawee only on payment.

A set of wheels that support the front of a container; used when the automotive unit is disconnected.

Through transportation of a container and its contents from consignor to consignee. Also known as House to House. Not necessarily a through rate.

– The number of feet that the hull of a ship is beneath the surface of the water. – An unconditional order in writing, addressed by one party (drawer) to another party (drawee),…

An order issued by a seller against a purchaser; directs payment, usually through an intermediary bank. Typical bank drafts are negotiable instruments and are similar in many ways to checks on checking accounts…