Shipping Terms

select arrow down icon

Word/Phrase

Description

  • TEU
    Twenty-foot Equivalent Unit A measure of container capacity still used by some institutions 1 FFE = 2 TEU
  • TEU
    Twenty-foot Equivalent Unit A measure of container capacity still used by some institutions 1 FFE = 2 TEU
  • TIR Carnet
    A document which can be issued to ease border crossings in Europe. Customs at a European location places a seal on a container and issues the TIR Carnet. The document and seal allow the container to cross borders without inspection to the consignee's door, where destination customs will then inspect the cargo.
  • TIR Carnet
    A document which can be issued to ease border crossings in Europe. Customs at a European location places a seal on a container and issues the TIR Carnet. The document and seal allow the container to cross borders without inspection to the consignee's door, where destination customs will then inspect the cargo.
  • Tare Weight
    Weight of an empty container. Gross weight = net weight + tare weight.
  • Tare Weight
    Weight of an empty container. Gross weight = net weight + tare weight.
  • Tariff
    List of published rates, rules and regulations applicable to the transportation of goods in specified trade lanes or between two areas.
  • Tariff
    List of published rates, rules and regulations applicable to the transportation of goods in specified trade lanes or between two areas.
  • Terminal Handling Service-Destination DHC
    This service covers the cost of the handling of a container at the destination port or terminal. This service is applicable to all shipments.
  • Terminal Handling Service-Destination DHC
    This service covers the cost of the handling of a container at the destination port or terminal. This service is applicable to all shipments.
  • Terminal Handling Service-Origin OHC
    This service covers the cost of handling a container at the origin port or terminal. This service is applicable to all shipments.
  • Terminal Handling Service-Origin OHC
    This service covers the cost of handling a container at the origin port or terminal. This service is applicable to all shipments.
  • Terminal Receiving Charge TRC
    Charge assessed by the terminal for cargo being delivered for export.
  • Terminal Receiving Charge TRC
    Charge assessed by the terminal for cargo being delivered for export.
  • Terms of Sale TOS
    Terms of Sale (i.e. FOB/CIF/FAS).
  • Terms of Sale TOS
    Terms of Sale (i.e. FOB/CIF/FAS).
  • Third Party Providers
    Companies that can be employed (hired) to assume tasks that were previously performed in-house by the client.
  • Third Party Providers
    Companies that can be employed (hired) to assume tasks that were previously performed in-house by the client.
  • Through Rates
    A rate applicable from point of origin to destination. A through rate may be either a joint rate or a combination of two or more rates.
  • Through Rates
    A rate applicable from point of origin to destination. A through rate may be either a joint rate or a combination of two or more rates.
  • To order of Shipper
    The shipper, by way of endorsement and passing of the document, allows a transfer of the rights to take delivery of the goods in the document e.g. a bill of lading.
  • To order of Shipper
    The shipper, by way of endorsement and passing of the document, allows a transfer of the rights to take delivery of the goods in the document e.g. a bill of lading.
  • Total Average Inventory
    (1) The sum of average order quantity (one half of order quantity) plus safety stock. Safety stock is the amount on hand after the arrival of the order. (2) Also, the average normal use stock plus the average lead stock plus safety stock.
  • Total Average Inventory
    (1) The sum of average order quantity (one half of order quantity) plus safety stock. Safety stock is the amount on hand after the arrival of the order. (2) Also, the average normal use stock plus the average lead stock plus safety stock.
  • Total Cost of Distribution
    The sum of purchasing, transportation and storage costs in the movement of finished products through the post production channel.
  • Total Cost of Distribution
    The sum of purchasing, transportation and storage costs in the movement of finished products through the post production channel.
  • Total Quality Management
    An approach to business management that focuses on quality and typically has: a strong customer orientation, total involvement, measurement systems, systematic support and continuous improvement.
  • Total Quality Management
    An approach to business management that focuses on quality and typically has: a strong customer orientation, total involvement, measurement systems, systematic support and continuous improvement.
  • Tracer
    A request on a transportation line to trace a shipment for the purpose of expediting its movement or establishing delivery. Common usage of this term has been simplified to mean any request for status of a shipment.
  • Tracer
    A request on a transportation line to trace a shipment for the purpose of expediting its movement or establishing delivery. Common usage of this term has been simplified to mean any request for status of a shipment.
  • Trailer on Flat Car Rail TOFC
    Trailer on Flat Car Rail Service in which a container is loaded on a rail car with chassis, bogies or wheels.
  • Trailer on Flat Car Rail TOFC
    Trailer on Flat Car Rail Service in which a container is loaded on a rail car with chassis, bogies or wheels.
  • Transloading
    Transfer of containers from one vessel to another vessel. Synonymous with Transshipments.
  • Transloading
    Transfer of containers from one vessel to another vessel. Synonymous with Transshipments.
  • Transmittal Letter
    List of the particulars of the shipment and a record of the documents being transmitted, together with instructions for the disposition of documents.
  • Transmittal Letter
    List of the particulars of the shipment and a record of the documents being transmitted, together with instructions for the disposition of documents.