Glossary

A group of vessel operators joined together for the purpose of establishing freight rates.

An indemnity issued to the carrier by a bank; protects the carrier against any possible losses or damages arising from release of the merchandise to the receiving party. This instrument is usually issued…

The end of a vessel. Opposite of bow.

Individual or firm that employs longshoremen and who contracts to load or unload the ship.

A complete package of pick up or delivery services performed by a carrier from origin to final consumption point.

A marine term referring to loading freight into ships’ holds.

Mobile truck equipment with the capacity for lifting a container within its own framework.

A non–negotiable bill of lading which states a specific identity to whom the goods should be delivered. See Bill of Lading.

Removing cargo from a container (devanning).

Putting cargo into a container.