Glossary

Allows foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed.

Allows foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed.

A lower–than–usual tariff rate assessed because a shipper offers a greater volume than specified in the tariff. The incentive rate is assessed for that portion exceeding the normal volume.

The recognized abbreviation for the International Chamber of Commerce Terms of Sale. These terms were last amended, effective July 1, 1990.

An agreement to hold a carrier harmless with regard to a liability.

Setting rate within a conference tariff that is different from the rate(s) for the same items established by other conference members.

Any body of rate tariffs that are not part of an agreement or conference system.

Placing a port on a vessel’s itinerary because the volume of cargo offered at that port justifies the cost of routing the vessel.

An insurance term referring to any defect or other characteristic of a product that could result in damage to the product without external cause (for example, instability in a chemical that could cause…

A transportation line that hauls export or import traffic between ports and inland points.