Glossary

Voluntary Intermodal Sealift Agreement. Provides the U.S. defense community with “assured access” to commercial intermodal capacity to move sustainment cargoes during time of war or national emergency. In return, during peacetime, the carriers…

Namely. Used in tariffs to specify commodities.

Very Large Crude Carrier. A tanker of 200,000 to 319,000dwt. It can carry about 2 million barrels of crude oil.

The loading and discharge terms for the cargo to be shipped, as agreed to in the chartger party. The vessel (carrier) pays for the loading of the cargo on board the ship and…

Any ship which is not required by treaty or statute to be equipped with radiotelecommunication equipment.

Abbreviation for “Weight or Measurement;” the basis for assessing freight charges. Also known as “worm.” The rate charged under W/M will be whichever produces the highest revenue between the weight of the shipment…

Western Truck Lines.

Insurance coverage for loss of goods resulting from any act of war.

A place for the reception, delivery, consolidation, distribution, and storage of goods/cargo.

Document that identifies goods imported when placed in a bonded warehouse. The duty is not imposed on the products while in the warehouse but will be collected when they are withdrawn for delivery…