Liner Terms

Summary of Liner Terms

A provision in some ship charter contracts in which the vessel pays loading or discharging costs, or both.

(Main Author: William J. Miller)

Liner Terms in International Trade

Meaning of Liner Terms (LT), according to the Dictionary of International Trade (Global Negotiator): Freight rates that include loading/unloading charges according to the custom of the respective ports, which unfortunately varies. Liner terms is, thus, not yet a standard designation, and may not include cargo handling charges or the costs of moving cargo between the ship's hold and the quay. Traders are therefore well advised to require full details in advance from carriers.