Glossary

A switching railroad operating within a commercial area.

– Entity to whom money is payable. – The entity for whom a letter of credit is issued. – The seller and the drawer of a draft.

Shipped under rate that includes cost from end of ship’s tackle at load port to end of ship’s tackle at discharge port.

Shipped under rate that includes cost from end of ship’s tackle at load port to end of ship’s tackle at discharge port.

Used with reference to charges assessed for cargo movement past a line–haul terminating point.

A contract term meaning both parties agree to provide something for the other.

In the United States, commonly known as a “Draft.” However, bill of exchange is the correct term.

A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods. •…

Port where cargo is discharged from means of transport.

Confirms the transfer of ownership of certain goods to another person in return for money paid or loaned.