Related Entries of the International Encyclopedia:

1. Measurement Ton An expression of cubic measurement equal to forty cubic feet, used either to define the interior of a vessel or as a basis for assessing freight on cargo. With virtually worldwide conversion to metric measurement, a measurement/stow ton may be defined as the equal of a cubic meter, depending [...]...
2. Through Rate A freight rate that is the total rate from origin to destination; in some cases, surcharges may be applicable to the basic freight, and are additional to the through rate.......
3. Currency Adjustment Factor A surcharge imposed on ocean freight by a carrier to offset or mitigate the impact of exchange rate fluctuations upon his freight revenue.......
4. CFS CFS Charge in International Trade Meaning of Cfs Charge, according to the Dictionary of International Trade (Global Negotiator): The charge assessed for services performed at the origin or destination for loading or unloading of cargo into/from containers at a CFS Container Freight Station....
5. Cargo Summary of Cargo Merchandise in the process of being transported; not to be confused with freight, which, in maritime usage, is the sum earned by a carrier for transporting goods. General cargo consists of various commodities comprising the property of many shippers or consignees; special [...]...
6. Container Vessel Container Vessel in International Trade Meaning of Container Vessel, according to the Dictionary of International Trade (Global Negotiator): An ocean going vessel designed specifically to easily handle the loading, stowage and off-loading of ocean freight containers. Containers may be stowed [...]...
7. General Cargo Rate General Cargo Rate in International Trade Meaning of General Cargo Rate, according to the Dictionary of International Trade (Global Negotiator): The rate a carrier charges for the shipment of cargo that does not have a special class rate or commodity rate....
8. Feeder Vessel A small vessel or barge that carries goods from a principal port to outlying ports not served directly by the mother ship.......
9. Stowage The act of placing cargo within the hold of a vessel for transit. The term has been extended to include the loading of cargo within containers.......
10. Lighterage A charge imposed for the transfer of cargo from vessel to shore and vice versa by means of lighters.......
11. Baf Baf in International Trade Meaning of Baf, according to the Dictionary of International Trade (Global Negotiator): The Bunker Adjustment Factor is an additional charge added to the base rate ocean freight cost reflecting the cost of fuel (called bunkers)to be used for the voyage. This charge [...]...
12. Less Than Container Load A quantity of product less than that which fills a container. In some ocean tariffs, certain minimum utilizations of space are required; if this minimum is not filled, the shipper will be billed for the space not used, up to the minimum required utilization, usually at the rate applied to the [...]...
13. Cargo Agent Cargo Agent in International Trade Meaning of Cargo Agent, according to the Dictionary of International Trade (Global Negotiator): An agent appointed by an airline or shipping line to solicit and process international air and ocean freight for shipment. Cargo agents are paid commissions by the [...]...
14. Weight W/M in International Trade Meaning of W/m, according to the Dictionary of International Trade (Global Negotiator): Weight or measurement is a method of quoting freight rates: 1. for sea freight, per metric ton (1.000 kilograms) or per cubic meter (35.3 cubic feet) whichever is greater; 2. for [...]...
15. Wharfage A charge imposed by a pier operator for receiving, handling, and transferring cargo to or from a vessel. Customarily, these charges are absorbed by the vessel. ......
16. Intermodal Transport Intermodal Transport in International Trade Meaning of Intermodal Transport, according to the Dictionary of International Trade (Global Negotiator): The coordinated transport of freight, especially in connection with relatively long-haul movements using any combination of freight forwarders, [...]...
17. Destination Delivery Charge Destination Delivery Charge in International Trade Meaning of Destination Delivery Charge, according to the Dictionary of International Trade (Global Negotiator): A charge, based on the container size, which is applied in many tariffs to cargo. This charge is considered accessorial and is [...]...
18. General Cargo Vessels General Cargo Vessels in International Trade Meaning of General Cargo Vessels, according to the Dictionary of International Trade (Global Negotiator): A vessel designed to handle breakbulk cargo such as bags, cartons, cases, crates and drums, either individually or in unitized or palletized [...]...
19. Marine Bill of Lading Marine Bill of Lading in International Trade Meaning of Marine Bill of Lading (B/L), according to the Dictionary of International Trade (Global Negotiator): A receipt for the cargo and a contract for transportation between a shipper and the ocean carrier. It may also be used as instrument of [...]...
20. Lift Lift-on/lift-off in International Trade Meaning of Lift-on/lift-off (LO/LO), according to the Dictionary of International Trade (Global Negotiator): Method by which cargo is loaded onto and discharged from an ocean vessel, which in this case is by the use of a crane....
21. Dock Receipt A document used at some ports to acknowledge delivery of cargo to a pier for shipment aboard a given vessel. The format of a dock receipt often resembles that of a bill of lading and contains substantially the same information concerning the cargo; it is signed and/or stamped by the stevedore [...]...
22. Range As used in conjunction with ship charter agreements, a group of ports within a defined geographic area. For example, a shipowner may hire out his vessel to be operated under charter between north Europe and the "New Orleans-Brownsville range," in which case the charterer may elect to [...]...
23. Bridgeport Bridgeport in International Trade Meaning of Bridgeport, according to the Dictionary of International Trade (Global Negotiator): A port where cargo is received by the ocean carrier and stuffed into containers but then moved to another coastal port to be waded on a vessel....
24. Bs Bunker Adjustment Factor Bs Bunker Adjustment Factor in International Trade Meaning of Bs Bunker Adjustment Factor, according to the Dictionary of International Trade (Global Negotiator): An additional charge added to the base rate ocean freight cost reflecting the cost of fuel (called bunkers) to be used for the [...]...
25. Insured Value Insured Value in International Trade Meaning of Insured Value, according to the Dictionary of International Trade (Global Negotiator): The combined value of merchandise, inland freight, ocean freight, cost of packaging, freight forwarding charges, and insurance cost, for which insurance is obtained....
26. Deck Cargo Deck Cargo in International Trade Meaning of Deck Cargo, according to the Dictionary of International Trade (Global Negotiator): Goods shipped on the deck of a ship rather than in its holds. Since deck cargo is more exposed to the elements, traders may wish to stipulate that goods not be [...]...
27. Shipper Shipper in International Trade Meaning of Shipper, according to the Dictionary of International Trade (Global Negotiator): As the party who contracts for carriage, the party who enters in a contract of carriage with a carrier and pays the carrier is in a position to give the carrier handling [...]...
28. Tramp Vessel Tramp Vessel in International Trade Meaning of Tramp Vessel, according to the Dictionary of International Trade (Global Negotiator): A vessel which does not operate under any regular schedule from one port to another, but calls any port where cargo may be obtained. To be distinguished from [...]...
29. Shipment Received For Shipment B/L in International Trade Meaning of Received For Shipment B/L, according to the Dictionary of International Trade (Global Negotiator): A bill of lading which confirms the receipt of goods by the carrier, but not their actual loading on board. This document can be [...]...
30. Delivery Order Written instructions issued by the owner of goods or his authorized agent to the holder of such goods directing that the merchandise be released or shipped to a specified party.......
31. Transshipment The act of passing cargo from one carrier to another to continue the journey in those cases where the first carrier does not go from origin of a shipment to destination.......
32. Dry Port Dry Port in International Trade Meaning of Dry Port, according to the Dictionary of International Trade (Global Negotiator): A dry port is a port situated near sea. If the importer or exporter is far away from a sea port, it will be an inconvenience to co-ordinate and handle the goods [...]...
33. Inland Haulage Charges IHC Inland Haulage Charges in International Trade Meaning of Ihc Inland Haulage Charges, according to the Dictionary of International Trade (Global Negotiator): Inland Haulage Charges means the transportation charges from inland container freight station to sea port of loading or vice versa. [...]...
34. Liner Terms A provision in some ship charter contracts in which the vessel pays loading or discharging costs, or both.......
35. Manifest A document listing all the cargo stowed aboard a vessel, usually broken down by port of unloading. The manifest is an abstract of the individual bills of lading issued for each consignment and is customarily provided to customs authorities for inspection upon landing.......
36. Congestion Surcharge Congestion Surcharge in International Trade Meaning of Congestion Surcharge, according to the Dictionary of International Trade (Global Negotiator): An additional charge added to the base rate ocean freight cost, reflecting the additional expenses that the ship lines incur when calling at [...]...
37. Directional Rate A freight rate reduced for cargo moving in a direction where cargo is light, for the purpose of stimulating movements. Under such circumstances, it is quite possible that the rate for the same product moving in the other direction (where tonnage is heavy) may be significantly higher.......
38. Inducement In maritime shipping, the tender by a shipper to a carrier of a sufficient amount of cargo so as to warrant a vessel calling at a port not ordinarily scheduled during the voyage.......
39. Mate's Receipt A document issued by a ship's officer acknowledging receipt of a specific quantity of cargo. A mate's receipt is usually issued only in conjunction with a vessel charter.......
40. Flag Carrier Flag Carrier in International Trade Meaning of Flag Carrier, according to the Dictionary of International Trade (Global Negotiator): A vessel registered under the flag of a particular country. Some counties support their merchant marine industry by limiting certain types of cargo to vessel [...]...
41. Gross Tonnage Gross Tonnage in International Trade Meaning of Gross Tonnage, according to the Dictionary of International Trade (Global Negotiator): The capacity of a vessel (no cargo) expressed in vessel tons. It is determined by dividing by 100 the contents, in cubic feet, of the vessel closed-in spaces. [...]...
42. Gateway A city or other point at which cargo is transferred between tariff jurisdictions.......
43. Wharf A structure, built upon piles, against which a vessel may dock and discharge cargo.......
44. Contract Rate In the steamship industry, the freight rate applicable to goods shipped by a firm that has executed an exclusive patronage contract (read this and related legal terms for further details) with a Conference (...
45. Free in and Out A condition in transportation under which the carrier has no responsibility to load or unload the vessel, barge, or other conveyance. The shipper is obliged to stow the cargo, and the consignee to effect unloading; loading and unloading expenses may be borne by either the shipper or the [...]...
46. Breakbulk Cargo Breakbulk Cargo in International Trade Meaning of Breakbulk Cargo, according to the Dictionary of International Trade (Global Negotiator): Non-containerized cargo that may be grouped or consolidated for shipment, and then is later broken down, subdivided, or distributed at a further [...]...
47. CIM Transport Document CIM Transport Document in International Trade Meaning of Cim Transport Document, according to the Dictionary of International Trade (Global Negotiator): An internationally standardized freight document issued in rail transport. CIM stands for "Convention Internationale concernant le [...]...
48. Roll-On/roll-Off A method of ocean cargo service employing a vessel with ramps astern or amidships to permit wheeled vehicles to be loaded aboard. The opportunity to run cargo on and off by ramps, without the necessity of cranes or similar equipment, permits accelerated loading and unloading of the vessel, particula......
49. Special Cargo Policy A marine cargo policy issued to cover a specific shipment. A special policy may be issued when the shipper infrequently transports goods by water, or when the merchandise is so unusual or so valuable as to warrant a special policy. Frequent shippers customarily obtain an Open Policy (...
50. Cargo Insurance Cargo Insurance in International Trade Meaning of Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance placed on goods during transportation....
51. Chargeable Weight Chargeable Weight in International Trade Meaning of Chargeable Weight, according to the Dictionary of International Trade (Global Negotiator): Rate for airfreight goods where dimensional weight factor exceeds the actual weight of the cargo....
52. Marine Cargo Insurance Marine Cargo Insurance in International Trade Meaning of Marine Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance covering loss of, or damage to, goods at sea. Marine insurance typically compensates the owner of merchandise for losses in excess [...]...
53. Interline The act of passing cargo from one carrier to another to continue the transit; this term is common among motor carriers and railroads and, to a lesser degree, among airlines. The analogous term among ocean carriers is transship.......
54. Loading Summary of Loading A risk premium in addition to interest charges and acceptance fees deducted by a bank or discount house from the face value of a bill of exchange (read here for further details) presented for discounting. This additional margin will vary, depending upon the quality of the [...]...
55. Bulk Cargo Bulk Cargo in International Trade Meaning of Bulk Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that consist entirely of one commodity and is usually shipped without packaging. Examples of bulk cargo are grain, coal, and oil....
56. Actual Value Rate A freight rate applicable to certain commodities where, depending upon the actual goods, value may vary greatly. For example, the classification "scientific instruments" may embrace low-value laboratory glassware or high-value precision instruments. In such cases, the shipper must declare ......
57. Dock The space in the water at which a ship comes to rest. A dock is not a PIER or wharf (qq.v.), each of which has its own specific meaning. It would be appropriate, however, to say that a vessel docked at a pier. Also, used as a verb, to dock means to reduce the price of a product or commodity [...]...
58. Landbridge A method of transporting goods partially by land and partially by water as a substitute for all-water movements. Originated in the mid 1960s as a means of moving European-Far East cargoes across the United States during the interruption of Suez Canal service, the concept of land- bridge has [...]...
59. Marine Extension Clause A provision in an ocean marine cargo policy for coverage of the merchandise in cases where: (1) there is a deviation by the vessel, transshipment, forced discharge, or the exercise of any liberty granted to the vessel operator under the contract of affreightment; or (2) the goods are landed at a por......
60. Stripping The act of unloading an intermodal ocean container.......
61. Consolidated Container Consolidated Container in International Trade Meaning of Consolidated Container, according to the Dictionary of International Trade (Global Negotiator): A shipping container containing cargo from a number of shippers at a centrally located point of origin by a freight consolidator, and [...]...
62. Deadweight Cargo Deadweight Cargo in International Trade Meaning of Deadweight Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo of such weight and volume that a long ton (2.240 pound) is stowed in an area of less than 70 cubic feet....
63. Net Tonnage Net Tonnage in International Trade Meaning of Net Tonnage, according to the Dictionary of International Trade (Global Negotiator): A vessel's gross tonnage minus deductions for space occupied by accommodations for crew, machinery for navigation, the engine room, and fuel. A vessel's [...]...
64. Preferential Cargo Preferential Cargo in International Trade Meaning of Preferential Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that by the rules of the exporting or importing country must be transported by a particular flag carrier....
65. In-bond The condition of goods that have been temporarily exempted from customs clearance and duties, in lieu of which the importer or custodian of the goods has posted a surety with customs authorities to ensure that the goods will not be released or consumed until formal examination and clearance [...]...
66. Jetsam Summary of Jetsam Goods voluntarily cast overboard in an emergency to lighten a ship.(Main Author: William J. Miller) Introduction to Jetsam Jetsam, goods deliberately thrown into the sea to lighten a vessel in a storm or wreck." (1) Jetsam in International Trade Meaning of [...]...
67. Port of Entry A point designated by a nation's customs authority through which goods may be entered for examination and clearance; ports of entry may be actual ocean ports, land border points, or interior locations to which goods are carried in bond.......
68. Insurable Interest An interest such that, should an insured peril occur, the insured party would suffer an economic loss.......
69. Longshoreman A person employed in the loading and unloading of a vessel and the handling of cargo in and about the harbor area. The term longshoreman is often confused with stevedore; the latter is a firm contracted by the vessel to provide loading and unloading services, and employing longshoremen. ......
70. On Deck Bill Of Lading An ocean BILL of Lading (read this and related legal terms for further details) bearing the specific endorsement "on deck," "on deck at shipper's risk," or words of like import. Such bills of ladi......
71. Hatch Hatch in International Trade Meaning of Hatch, according to the Dictionary of International Trade (Global Negotiator): In shipping, the opening in the deck of a vessel which gives access to cargo hold....
72. Multimodal Transport Document Multimodal Transport Document in International Trade Meaning of Multimodal Transport Document, according to the Dictionary of International Trade (Global Negotiator): A document issued or signed by a carrier indicating carriage by more than one means of transportation. For example, a [...]...
73. On-board Bill of Landing On-board B/l in International Trade Meaning of On-board B/l, according to the Dictionary of International Trade (Global Negotiator): A marine transport document indicating that the shipped goods have been loaded on the carrying vessel....
74. Cargo Manifest Cargo Manifest in International Trade Meaning of Cargo Manifest, according to the Dictionary of International Trade (Global Negotiator): A list of a ship's cargo but without a listing of charges....
75. Containerizable Cargo Containerizable Cargo in International Trade Meaning of Containerizable Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that will fit into a container and result in an economical shipment....
76. Nvocc Nvocc in International Trade Meaning of Nvocc, according to the Dictionary of International Trade (Global Negotiator): Non-vessel-operating common carrier is company providing point-to-point international transport of goods although it does not necessarily operate or own transport vehicles or [...]...
77. Time Charter The charter of a vessel for a specific period of time, during which the vessel will respond to operational direction from the charterer.......
78. Ocean Shipping Act Of 1978. P.L. 483, 46 U.S.C. 842, also known as the Controlled Carrier Act, is an amendment to the Shipping Act of 1916 designed to inhibit so-called predatory rate practices on the part of certain carriers controlled by foreign governments. For several years prior to the adoption of the act it had bee......
79. Differential Duty A rate of duty on a given commodity that varies according to the country of origin.......
80. Differential Rate A freight rate derived by compiling existing intermediate rates; this process is used where no through rate exists between the points of origin and destination.......
81. Differential Exchange Rates A scheme in which a government prescribes different rates of exchange for the local currency, depending upon the transaction involved. The government may assign its currency a given value in terms of gold for capital transfers, for example, but provide for a less favorable rate of exchange for impor......
82. Operating Differential Subsidy A grant provided by the Federal government to U.S. firms that operate American-built vessels over certain prescribed trade routes deemed essential to American commerce. The object of the subsidy is to reduce the net operating costs to American shipping firms so as to permit them to compete against l......
83. Special And Differential Treatment The concept that developing nations require special consideration in bilateral and multilateral trade negotiations, and that concessions should be granted to the developing nations without reciprocity. Although this concept has been advanced in various individual multilateral trade agreements, the T......
84. Dead Freight A payment made by a charterer to the owner of a vessel as compensation for stowing the ship to less than its capacity. The charterer is bound to ship a "full and complete cargo"; since freight is payable only on the cargo actually shipped, failure to deliver a full load deprives the [...]...
85. Distance Freight Additional freight monies due to a vessel owner by the charterer when, in the opinion of the ship's captain, ice conditions preclude discharge at the intended port and the vessel must divert to an alternative, more distant port. As a practical matter, such additional freight is not charged unles......
86. Distress Freight Cargo carried by a ship at a depressed freight rate because, in the absence of that cargo, the vessel would be obliged to sail empty or nearly so to its next port. The term is used most commonly in connection with tramp vessels.......
87. Freight Summary of Freight The earnings that a carrier derives from the carriage of merchandise. Freight should not be confused with cargo, which is the merchandise itself. Also, the term freight is used to represent payment made by a charterer to the vessel's owner for use of a ship under a [...]...
88. Freight Broker Synonymous with Cargo Broker (read this and related legal terms for further details), in vessel charter transactions.......
89. Ocean Bill of Lading Ocean Bill of Lading in International Trade Meaning of Ocean Bill of Lading, according to the Dictionary of International Trade (Global Negotiator): A receipt for the cargo and a contract for transportation between a shipper and the ocean carrier. It may also be used as instrument of ownership [...]...
90. Construction Differential Subsidy An economic subsidy offered by the U.S. government to vessel operators to encourage the building of ships in American shipyards. Recognizing that American labor and material costs are generally higher than those in many other countries, Title XI of the Merchant Marine Act of 1936 empowers the Mariti......
91. Container Freight Station A warehouse or terminal licensed by U.S. Customs to receive in-bond consolidations of containerized cargo. The containers delivered to this station carry imported merchandise in small lots destined to many consignees; the goods will be removed from the containers under customs supervision and [...]...
92. Customary Freight Unit As used within the context of the Carriage of Goods by Sea Act, the unit upon which freight is assessed on bulk or unpackaged cargoes. The act provided that a carrier's liability for loss or damage to cargo shall be limited (in the 1980s) to $500 per package, or "other customary freight uni......
93. Freight-Allowed Pricing Synonymous with zone-delivered pricing (read this and related legal terms for further details).......
94. Freight, All Kinds Rate A fixed charge levied by a carrier to ship a container, trailer, car, et cetera, from one point to another, irrespective of the contents. A FAK rate supersedes class or commodity rates. The shipper, in effect, pays a flat charge to move the unit and may ship whatever he wishes up to the rated capaci......
95. International Tanker Nominal Freight Scale A schedule of nominal rates for movements of tankers between world ports. Publication was ceased in 1969; it has been succeeded by Worldscale (read this and related legal terms for further details).......
96. Ocean Areas Contents Ocean Areas Law of the Sea UNCLOS III: Divisions of Ocean Areas Note: for information on United Nations Convention ... Read more...
97. Artic Ocean Artic Ocean Islands By Country. The Area (sq.km.) and Altitude (m) is provided: Canada – Northwest Territories   Admiralty     173.6 sq.km.      ? m Canada ... Read more...
98. Antarctic Ocean The Antarctic Ocean is also called the Southern Ocean. Islands By Country. The area (sq.km.) and altitude (m) are provided: Antarctic Islands   Adelaide     4463.1 sq.km.   2317 m  Antarctic Islands   Alexander     49069.9 sq.km.   2987 m  Antarctic Islands   Anvers     2432.1 [...]...
99. Rebate (Freight) In trade routes not involving the United States (e.g., Japan to Europe), the practice is legal and accepted. Rebating is often institutionalized in the merchant's contract with a Conference (read this legal term for further details), wherein ......
100. Tariff (Freight) A document issued, usually in booklet form, by a Common Carrier (read this and related legal terms for further details) listing its charges for transportation services. Commonly, the rate, or cost of transportation, vari......
101. Differential Treatment Special and differential Treatment This section provides an overview of special and differential treatment within the legal context of Most-Favoured Nation Treatment (MFN) in international economic law, with coverage of Non-Discrimination in Trade of Goods and Services (Principles). Resources [...]...
102. Wage Differential Resources See Also Wage Wages Salary Minimum Wage Fair Labor Salaries...
103. Differential Treatment of Developing Countries Special and Differential Treatment of Developing Countries and the World Trade Organization Special and Differential Treatment of Developing Countries in relation to the World Trade Organization (WTO) covers several issues....
104. Most Favoured Nation Differential Treatment Implied Departures from MFN and Differential Treatment This section provides an overview of implied departures from mfn and differential treatment within the legal context of Most-Favoured Nation Treatment (MFN) in international economic law, with coverage of Non-Discrimination in Trade of [...]...
105. International Ocean Law Maritime Law International Ocean LawIntroduction to International Ocean LawSome aspects of ocean law affect relationships among nations. Issues of neutrality and belligerency that occur in wartime are dealt with in international law. The United Nations Convention on the Law of the ......
106. Baltic Ocean Resources See Also Legal System Country Jurisdiction Immigration Consulate...
107. Pacific Ocean Resources See Also Legal System Country Jurisdiction Immigration Consulate...
108. Atlantic Ocean Resources See Also International Public Law Customary International Law Conventional International Law International Conventions Sources of International Law...
109. Indian Ocean Resources See Also International Public Law Customary International Law Conventional International Law International Conventions Sources of International Law...
110. Indian Ocean Commission Indian Ocean Commission (IOC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Indian Ocean Commission (IOC): A regional cooperation organization including Comoros, Madagascar, Mauritius, Reunion (France), [...]...
111. Air Freight Definition of Air Freight in International Trade The following is a concept of Air Freight in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A service providing for the air transport of goods. The volume of air freight has been [...]...
112. Air Freight Consolidator Definition of Air Freight Consolidator in International Trade The following is a concept of Air Freight Consolidator in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A company that obtains a low freight-of-all-kinds freight rate from [...]...
113. Air Freight Forwarder Definition of Air Freight Forwarder in International Trade The following is a concept of Air Freight Forwarder in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A freight forwarder for shipments by air. In many respects, air freight [...]...
114. Bulk Freight Bulk Freight in International Trade Meaning of Bulk Freight, according to the Dictionary of International Trade (Global Negotiator): Freight not in packages or containers. For example, grain or timber....
115. Cost and Freight (CFR) Cost and Freight in International Trade Meaning of Cost and Freight, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CFR the seller must pay the costs and freight necessary to bring the goods to named port of destination but the risk of loss and [...]...
116. Freight Collect Freight Collect in International Trade Meaning of Freight Collect, according to the Dictionary of International Trade (Global Negotiator): A shipping arrangement whereby the carrier collects its freight charges from the consignee rather than from the shipper. This usually happens when the [...]...
117. Freight Forwarder Freight Forwarder in International Trade Meaning of Freight Forwarder, according to the Dictionary of International Trade (Global Negotiator): A person engaged in the business of assembling, collection, consolidating, shipping and distributing less-than-carload or less-than-truckload freight. [...]...
118. Freight of All Kinds Freight of All Kinds in International Trade Meaning of FAK (Freight of All Kinds), according to the Dictionary of International Trade (Global Negotiator): Freight rate applicable to all types of goods and therefore is not restricted to a particular commodity. FAK freight rates are quoted [...]...
119. Freight Prepaid Freight Prepaid in International Trade Meaning of Freight Prepaid, according to the Dictionary of International Trade (Global Negotiator): A shipping arrangement whereby the carrier is paid its freight charges by the shipper rather than by the consignee. This usually happens when the contract [...]...
120. Freight Prepayable Freight Prepayable in International Trade Meaning of Freight Prepayable, according to the Dictionary of International Trade (Global Negotiator): Terminology designed by carriers to provide transportation documentation indicating the freight charges are for the account of the shipper, while no [...]...