Glossary

Abbreviation for “Uniform Freight Classification.”

Ultra Large Crude Carrier. A tanker in excess of 320,000dwt.

The space not filled with liquid in a drum or tank.

United Nations EDI for Administration, Commerce and Transport. EDI Standards are developed and supported by the UN for electronic message (data) interchange on an international level.

Freight that has not been called for or picked up by the consignee or owner.

To charge less than the proper amount.

A vessel is underway when it is not at anchor, made fast to the shore, or aground.

Rules for letters of credit drawn up by the Commission on Banking Technique and Practices of the International Chamber of Commerce in consultation with the banking associations of many countries. See Terms of…

Packages loaded on a pallet, in a crate or any other way that enables them to be handled at one time as a unit.

A train of a specified number of railcars, perhaps 100, which remain as a unit for a designated destination or until a change in routing is made.