Terms used in freight forwarding such as Trailer Interchange Receipt,Trailer on Flat Car,Traceability,Tracking and Tracing,Traffic,Trailer etc.
This post explains about terms used in freight forwarding such as THROUGH CARGO, Throughput,Trailer Interchange Receipt,Trailer on Flat Car,Traceability,Tracking and Tracing,Traffic,Trailer,Transaction,Transferring Carrier,Transhipment etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in freight forwarding
THROUGH BILL OF LADING:A single bill of lading converting both the domestic and international carriage of an export shipment. An air waybill is essentially a through bill of lading used for air shipments. However, ocean shipments usually require two separate documents -- an inland B/L for domestic carriage and an ocean B/L for international carriage. Through bills of lading are insufficient for ocean shipments.
THROUGH CARGO: Cargo staying on board at a stopping place en-route for ongoing carrier on the same flight.
Throughput: A measure of warehousing output volume (weight, number of units). Also, the total amount of units received plus the total amount of units shipped, divided by two.
TIB:Temporary Import Bond – term usually associated with the temporary transfer of freight from a bonded warehouse to, for example, an exhibition site.
TIC: This is a Costa Rica government applied fee
Time Slot -Used to describe the appointed time to collect or deliver a container from or into the ship’s container terminal or wharf .
Time-Definite Services: Delivery is guaranteed on a specific day or at a certain time of the day.
TIR - A document transferring a container from one carrier to another, or to/from a terminal. Same as EIR.
TIR (Trailer Interchange Receipt) - Interchange receipt between trucker and carrier; document showing condition of container/equipment at the time of interchange.
TL / FTL (Truckload, Full Truckload):a trucking industry term; a truckload shipment is when the shipper or consignee contracts an entire truck for direct point-to-point service. Truckload shipments are priced per km within designated lanes, regardless of the size of the shipment provided it fits (weight, volume) within the vehicle.
TL:(Truckload) A shipment that fully occupies the space available in a truck or tractor-trailer.
TLI’s: Tariff Line Item
To Order:see Bill of Lading, Order B/L.
TOFC (Trailer on Flat Car) - Containers with chassis loaded onto rail cars.
Tonnage:Cubic capacity of a merchant vessel. Total weight or amount of cargo expressed in tons.
Tonnage:Generally refers to freight handled.
TONNAGE:Gross Tonnage - Total internal carrying capacity of a vessel expressed in measurement tons (one measurement ton = 100 cu. ft.).
Towage:The charge made for towing a vessel.
TPND -Theft, pilferage and non-delivery
Traceability: 1) The ability to track the location of a shipment as it moves through the shipping process to the customer. 2) The ability to determine the source of individual lot numbered or serial numbered products.
Tracing: 1) Determining where a shipment is during the course of a move. 2) The practice of relating resources, activities and cost objects using the drivers underlying their cost causal relationships. The purpose of tracing is to observe and understand how costs are arising in the normal course of business operations.
Track & Trace:The pro-active tracking of the product along the supply chain, and the paper information flow relating to the order.
Tracking and Tracing: Monitoring and recording shipment movements from origin to destination.
Tracking:The function of maintaining status information, including current location, of cargo, cargo items, consignments or containers either full or empty.
Tractor: The tractor is the driver compartment and engine of the truck. It has two or three axles.
Trading Partner Agreement: The written contract that spells out agreed upon terms between EDI trading partners.
Trading Partner: Companies that do business with each other via EDI (e.g., send and receive business documents, such as purchase orders).
Traffic Management: The management and controlling of transportation modes, carriers and services.
Traffic: A department responsible for the process of determining timely and economic delivery methods, arranging internal or external transportation, and tracking shipment status and logistics network issues.
Trailer - The truck unit into which freight is loaded as in tractor trailer combination. Usually used regarding domestic cargo.
Trailer Drops: When a driver drops off a full truck at a warehouse and picks up an empty one.
Trailer on a Flatcar (TOFC): Transport of truck trailers with their loads on specially designed rail cars.
Trailer: The part of the truck that carries the goods.
Trailer:A vehicle without motive power, designed for the carriage of cargo and to be towed by a motor vehicle.
Tramp Shipping:an ocean carrier company operating vessels not on regular runs or schedules. They call at any port where cargo may be available. Sometimes used for bulk cargo shipping.
Tramp Vessel:A vessel not operating under a regular schedule.
Tramp:A freighter vessel that does not run in any regular trade lane but takes cargo wherever the shippers desire.
Transaction: A single completed transmission, e.g., transmission of an invoice over an EDI network. Analogous to usage of the term in data processing, in which a transaction can be an inquiry or a range of updates and trading transactions. The definition is important for EDI service operators, who must interpret invoices and other documents.
TRANSFER CARGO: Cargo arriving at a point by one carrier and continuing it's journey.There from by another carrier.
TRANSFER MANIFEST (TRM): The document executed by the transferring carrier upon transfer of interline cargo and endorsed by the receiving carrier as a receipt for the consignment transferred.
TRANSFER: Movement of cargo from one carrier to another against transfermanifest.
Transferring Carrier -The carrier who transfers the cargo to another carrier at a transfer point.(IATA)
Tranship:To transfer goods from one transportation line (trade lane) to another, or from one ship to another.
Transhipment Hub:A port which is employed by a carrier for transshipping its carriers from one transportation line ( trade lane ) to another.
Transhipment- The transferring of goods from one vessel, or mode of transport, to another.
Transhipment:A shipment under one Bill of Lading, whereby sea (ocean) transport is 'broken' into two or more parts. The port where the sea (ocean) transport is 'broken' is the transhipment port Transfer of cargo from one means of transport to another for on-carriage during the course of one transport operation Customs: Customs procedure under which goods are transferred under customs control from the importing means of transport to the exporting means of transport within the area of one customs office which is the office of both importation and exportation.
The above details describes about terms called in freight forwarding such as THROUGH CARGO, Throughput,Trailer Interchange Receipt,Trailer on Flat Car,Traceability,Tracking and Tracing,Traffic,Trailer,Transaction,Transferring Carrier,Transhipment etc .These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in freight forwarding trade below this post. Terms used in freight forwarding such as Twenty-foot Equivalent Unit,Terminal Handling Charge, Through Bill of Lading
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