Terms used in shipping such as Top-Air Delivery,TON MILE, Toplift, Towage, Towboat, Tracking,Traffic,Trailer etc.
This post explains about terms used in shipping such as Top-Air Delivery,TON MILE,Toplift,Towage,Towboat,Tracking,Traffic,Trailer,Trade Acceptance 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
TITLE, PASSING:The passing of title to exported goods is determined in large measure by the selling terms and must be clearly specified and understood by both parties.
Title:In the United States the certificate of title for a vehicle or boat(also known as a car title or pink slip; or pinks in the plural) is a legal form, establishing a person or business as the legal owner of a vehicle.
TL / FTL (Truckload, Full Truckload):A trucking industry term; a truckload shipment is when the shipper contracts an entire truck for direct point-to-point service. Truckload shipments are priced per mile within designated lanes, regardless of the size of the shipment provided it fits (weight, cube) within the vehicle. Less expensive per unit weight shipped than LTL. A truckload carrier is a trucking company specializing in point-to-point truckload shipments.Examples include: J.B. Hunt, Schneider.
TOFC / Piggyback:Trailer-on-flatcar. A term used in intermodal transportation in which truck trailers or container/chassis combinations are placed directly onto rail flatcars for the rail portion of the trip. TOFC trains are generally heavier and longer per unit ton shipped, but have the advantage that unloaded trailers can be moved out of the intermodal terminal without worrying about finding a chassis; thus, the equipment management issues are simpler.
TON MILE:A measurement used in the economics of transportation to designate one ton being moved one mile. This is useful to the shipper because it includes the distance to move a commodity in the calculation.
TON:2,240 pounds – Freight rates for liner cargo generally are quoted based on a certain rate per ton, depending on the nature of the commodity. This ton, however, may be a weight ton or a measurement ton.
Ton-Deadweight - The term indicates to the carrying capacity of the ship in terms of weight in tons of the cargo, fuel, provisions and passengers, which the vessel can carry.
TON-DISPLACEMENT:The weight of the volume of water, which the fully loaded ship, displaces.
TONNAGE:A quantity of cargo normally expressed as a number of tons.
Top-Air Delivery:A type of air circulation in a container. In top air units, air is drawn from the bottom of the container, filtered through the evaporator for cooling and then forced through the ducted passages along the top of the container. This type of airflow requires a special loading pattern.
toplift: A piece of equipment similar to a forklift that lifts from above rather than below. Used to handle containers in the storage yard to and from storage stacks, trucks and railcars.
TOP-OFF:To fill a ship which is already partly loaded with cargo.
Total Declared value:The declared value for carriage of any shipment represents FedEx's maximum liability in connection with that shipment, including, but not limited to, any loss, damage, delay, misdelivery, non-delivery, misinformation, any failure to provide information, or misdelivery of information relating to the shipment. Exposure to and risk of loss in excess of the declared value is assumed by the shipper.The Warsaw Convention limits FedEx's liability for loss of or damage to your international shipment, unless you declare and pay the required fees. The interpretation of the Warsaw Convention's liability limits may vary depending on the destination country. If the Warsaw Convention, as amended by Montreal Protocol No. 4 applies to your shipment, FedEx's liability is limited to 17 Special Drawing Rights (SDRs) per kilo, unless you declare a higher value.Otherwise and in instances where the Warsaw Convention, as amended, does not apply, FedEx's liability is limited in the U.S., as set forth in the Service Guide, to US $9.07 per pound ($20.38 per kilo) unless you declare a higher value. In Canada, FedEx's liability is limited in these instances to $100 CAD unless you declare a higher value.
TOW:When one or more vessels are being towed; when a tug is towing one or more floating objects; to pull an object in the water by means of a rope.
TOWAGE:Charges for the services of tugs assisting a ship or other vessels in ports or other locations; the act of towing a ship or other objects from one place to another.
towboat: A snub-nosed boat with push knees used for pushing barges. A small towboat (called a push boat) may push one or two barges around the harbor. A large towboat is used to push from 5 to 40 barges in a tow is called a line boat. From the Port of New Orleans, line boats deliver cargo to Mid-America via the 14,500-mile waterway system flowing through the Crescent City.
TPC - Tons per Centimeter - A quantity, for example of cargo or fuel, needed to immerse a ship one further centimeter. This quantity varies not only ship by ship but also according to the quantity already on board.
TPD - Tons per Day - The quantity of cargo loaded or discharged each day. The time allowed by a shipowner to a charterer for loading or discharging, known as laytime, is often expressed as a number of tons per day.
TPI - Tons per Inch - A quantity, for example of cargo or fuel, needed to immerse a ship one further inch. This quantity varies not only ship by ship but also according to the quantity already on board.
Tracking - It is a carrier's system of recording movement intervals of shipments from the origin to the destination.
Tracking number:The number assigned to a shipment by FedEx.
TRACKING:A carrier’s system of recording movement intervals of shipments from origin to destination.
Tractor:Unit of highway motive power used to pull one or more trailers/containers.
tractor-trailer: Some trucks are a solid unit, such as a van, but many have three main units. The front section where the driver sits is called the cab or the tractor (because it pulls a load). Cargo is loaded into the metal box (container), which is loaded onto the wheel base called a chassis or a trailer. These big trucks are often also called 18-wheelers.
Trade Acceptance:A time or a date draft that has been accepted by the buyer (the drawee) for payment at maturity.
TRADE:A term used to define a geographic area or specific route served by carriers.
TRADING LIMITS:Maritime area usually specified by range of ports in which a vessel may operate
Traffic:Persons and property carried by transport lines.
Trailer Interchange Receipt (TIR);Interchange receipt between trucker and carrier; document showing condition of container/equipment at the time of interchange.
Trailer On Flat Car (TOFC): A container placed on a chassis that is in turn placed on a railroad car.
Trailer:The truck unit into which freight is loaded as in tractor trailer combination. See Container.
Tramp - It is a vessel not operating along a definite route on a fixed schedule. It takes cargo wherever the shippers desire.
Tramp Line:An ocean carrier company operating vessels not on regular runs or schedules. They call at any port where cargo may be available.
Tramp Line:An ocean carrier company operating vessels not on regular runs or schedules. They call at any port where cargo may be available.
TRAMP SERVICE:Vessels operating without a fixed itinerary or schedule or charter contract.
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: A ship operating with no fixed route or published schedule.
Tramp:A freighter vessel that does not run in any regular trade lane but takes cargo wherever the shippers desire.
The above details describes about terms called in shipping such Top-Air Delivery,TON MILE,Toplift,Towage,Towboat,Tracking,Traffic,Trailer,Trade Acceptance 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 Sight Draft,Singapore,Single European Act , SINGLE-LINE HAUL
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