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HomeT-Z SHIPPING TERMS

 

Definitions



TACT


The Air Cargo Tariff.

Tare Weight


The weight of an empty shipping container.

Tax Invoice


Marked ‘Tax Invoice’ it is a receipt of payment which includes taxation values such as GST.

TEU


Abbreviation for Twenty-foot Equivalent Units, the TEU is an international measure of cargo capacity aboard a ship.

Third-party Logistics Provider


Sometimes abbreviated 3PL or TPL, a third-party logistics provider is an outsourced business providing freight services such as transport, warehousing, cargo packing, etc.

T/T


Transit Time.

Turnaround Time


The duration of a ship at port, from arrival to departure.

ULD


Unit Load Device. A type of container or aircraft pallet.

Vendor


A person or company who supplies and sells goods.

Vanning


The loading of cargo into a shipping container.

Warehousing


The storage of goods within a warehouse facility.

Waybill


Documenting shipment details and instructions, a waybill is a common freight document used in the transport of goods.

Wharf


Please refer Pier.

Wharfage


Fees and charges relating to the use of port facilities including the loading, unloading and handling of cargo.

Xeric


Dry. Containing little to no moisture.

Yard (yd)


1yd = 0.91440m.

YTD


Year To Date.

Zonate


Marked and divided into zones.