Terms used in shipping such as Telegraphic transfer,Total loss,Trade Assistant,Technical Advisory Committee etc.
This post explains about terms used in shipping such as Syn.,Trade expenses,Trial Balance,Terms of trade,Telegraphic transfer,Total loss,Trade Assistant,Technical Advisory Committee 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 shipping
SWL - Safe Working Load - Maximum load which can safely be borne by a lifting or hauling appliance, such as crane or winch. The safe working load is generally marked clearly on the equipment and must not be exceeded.
Syn. - Syndicate (Lloyd's)
System for Tracking Export License Applications - STELA is a BXA computer-generated voice unit that interfaces with the BXA database: ECASS (Export Control Automated Support System). STELA enables a caller to check on an export license by making a telephone call.
T E U:Twenty-Foot (20’) Equivalent Unit. Commonly describes a 20-foot container.
T V A:Time Volume Agreement. A contract between a carrier and shipper specifying the movement of a number of containers over time.
T. & C.C. - Technical and Clauses Committee
T. & G. - Tongued and grooved (timber trade)
t. & s. - Touch and stay
T.&E.:Abbreviation for "Transportation and Exportation." Customs form used to control cargo movement from port of entry to port of exit, meaning that the cargo is moving from one country, through the United States, to another country.
T.&G. - Tongued and grooved (timber trade)
T.B. - Trial Balance
T.B.A. - Tobe advised, To be agreed
T.C.I. - Time charterer's interest
T.D.W. - Tonnage deadweight
T.E. - Trade expenses
T.E.E. - Trans-Europe Express
T.E.U.:Twenty Foot Equivalent Unit (containers): A measurement of cargo-carrying capacity on a containership, referring to a common container size of 20 ft in length.
T.F. - Tropical freshwater
T.G.B - Tongued, grooved and beaded
T.I.B. - Trimmed in bunkers
T.I.V. - Total insured value
T.L. - Total loss
T.L.O. - Total loss only
T.L.V.O. - Total loss of vessel only
T.O.R. - Time on Risk
T.O.T. - Terms of trade
T.O.V.A.L.O.P. - Tanker Owners' Voluntary Agreement Concerning Liability for Oil Pollution
T.P.I. - Tons per inch
T.P.Liab. - Third party liability
T.P.N.D. - Theft, pilferage and non-delivery
T.Q. - Tale quale (as found)
T.S.I. - Total sum insured
T.T. - Telegraphic transfer
T.T.F. - Timber Trade Federation
T.W.M.C. - Transport, wages, maintenance and care
T/C - Till countermanded
T/C EQUIVALENT:Revenue per day
T/C:Time charter
t/h - Tonnes per hour
T/L - Total loss
T/O - Transfer order
T/S – Transhipment
T/T:Telegraphic transfer, an electronic means of transferring funds between banks, generally using SWIFT.
T1 / TAD (Transit Accompanying Document):Community Transit Status Document accompanying uncleared goods during transit from one authorised location to another. These are generated within the Customs NCTS system
TA - Trade Assistant
TA Round - Transatlantic round voyage.
TAA - Trade Adjustment Assistance
Table of Denial Orders - The TDO is a list of individuals and firms that have been disbarred from shipping or receiving U.S. goods or technology. Firms and individuals on the list may be disbarred with respect to either controlled commodities or general destination (across-the-board) exports. The list is published in the Export Administration Regulations.
TAC - Technical Advisory Committee
TACT: TACT stands for The Air Cargo Tariff. It is published by IAP -- International Airlines Publications, an IATA company.
TAIL SHAFT:The extreme section at the aft end of a ship’s propeller shaft.
Tail:Rear of a container or trailer-opposite the front or nose.
Tail:The rear of a container.
TALLY SHEET:A list of incoming and outgoing cargo checked by the tally clerk on the dock.
Tank barges: Used for transporting bulk liquids, such as petroleum, chemicals, molasses, vegetable oils and liquefied gases.
Tank Container:A specially constructed container for transporting liquids and gases in bulk.
TANK-BARGE:A river barge designed for the carriage of liquid bulk cargoes.
TANKER:A tanker is a bulk carrier designed to transport liquid cargo, most often petroleum products. Oil tankers vary in size from small coastal vessels of 1,500 tons deadweight, through medium-sized ship of 60,000 tons, to the giant VLCCs (very large crude carriers).
TAP - Trade Assistance and Planning Office
Tara Weight:In railcar or container shipments, the weight of the empty railcar or empty container.
The above details describes about terms called in shipping such as Syn.,Trade expenses,Trial Balance,Terms of trade,Telegraphic transfer,Total loss,Trade Assistant,Technical Advisory Committee 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 shipping business below this post.Terms used in shipping such as EXW (Ex Works),FCA (Free Carrier),CFR (Cost and Freight),Terms of Trade etc
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