| 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. |
|
| Tail |
|
| Rear
of a container or trailer-opposite the front or nose. |
|
| Tare
Weight |
|
| In
railcar or container shipments, the weight of the empty
railcar or empty container. |
|
| Tariff
(Trf.) |
|
| A
publication setting forth the charges, rates and rules of
transportation companies. |
|
| TBN |
|
| To
Be Nominated. (When the name of a ship is still unknown.) |
|
| Telex |
|
| Used
for sending messages to outside companies. Messages are
transmitted via Western Union, ITT and RCA. Being replaced by
fax and internet. |
|
| Temperature
Recorder |
|
| A
device to record temperature in a container while cargo is en
route. |
|
| Tender |
|
| The
offer of goods for transportation or the offer to place cars
or containers for loading or unloading. |
|
| Tenor |
|
| Time
and date for payment of a draft. |
|
| Terminal |
|
| An
assigned area in which containers are prepared for loading
into a vessel, train, truck, or airplane or are stacked
immediately after discharge from the vessel, train, truck, or
airplane. |
|
| Terminal
Charge |
|
| A
charge made for a service performed in a carrier's terminal
area. |
|
| Terms
of Sale |
|
| The
point at which sellers have fulfilled their obligations so the
goods in a legal sense could be said to have been delivered to
the buyer. They are shorthand expressions that set out the
rights and obligations of each party when it comes to
transporting the goods. Following, are the thirteen terms of
sale in international trade as Terms of Sale reflected in the
recent amendment to the International chamber of Commerce
Terms of Trade (INCOTERMS), effective July 1990: exw, fca, fas,
fob, cfr, cif, cpt, cip, daf, des, deq, ddu and ddp. |
|
| Terms
of Sale - CFR (Cost and Freight) (...Named Port of
Destination) |
|
| A
Term of Sale where the seller pays the costs and freight
necessary to bring the goods to the named port of destination,
Terms of Sale but the risk of loss of or damage to the goods,
as (continued) well as any additional costs due to events
occurring after the time the goods have been delivered on
board the vessel, is transferred from the seller to the buyer
when the goods pass the ship's rail in the port of shipment.
The CFR term requires the seller to clear the goods for
export. |
|
| Terms
of Sale - CIF (Cost, Insurance and Freight) (...Named Place of
Destination) |
|
| A
Term of Sale where the seller has the same obligations as
under the CFR but also has to procure marine insurance against
the buyer's risk of loss or damage to the goods during the
carriage. The seller contracts for insurance and pays the
insurance premium. The CIF term requires the seller to clear
the goods for export. |
|
| Terms
of Sale - CIP (Carriage and Insurance Paid To) (...Named Place
of Destination) |
|
| A
Term of Sale which means the seller has the same obligations
as under CPT, but with the addition that the seller has to
procure cargo insurance against the buyer's risk of loss of or
damage to the goods during the carriage. The seller contracts
for insurance and pays the insurance premium. The buyer should
note that under the CIP term the seller is required to obtain
insurance only on minimum coverage. The CIP term requires the
seller to clear the goods for export. |
|
| Terms
of Sale - CPT (Carriage Paid To) (...Named Place of
Destination) |
|
| A
Term of Sale which means the seller pays the freight for the
carriage of the goods to the named destination. The risk of
loss of or damage to the goods, as well as any additional
costs due to events occurring after the time the goods have
been delivered to the carrier, is transferred from the seller
to the buyer when the goods have been delivered into the
custody of the carrier. If subsequent carriers are used for
the carriage to the agreed upon destination, the risk passes
when the goods have been delivered to the first carrier. The
CPT term requires the seller to clear the goods for export. |
|
| Terms
of Sale - DAF (Delivered At Frontier) (...Named Place) |
|
| A
Term of Sale which means the sellers fulfill their obligation
to deliver when the goods have been made available, cleared
for export, at the named point and placed at the frontier, but
before the customs Terms of Sale border of the adjoining
country. (continued) |
|
| Terms
of Sale - DDP (Delivered Duty paid) (...Named Port of
Destination) |
|
| Delivered
Duty Paid means that the seller fulfills his obligation to
deliver when the goods have been made available at the named
place in the country of importation. The seller has to bear
the risks and costs, including duties, taxes and other charges
of delivering the goods thereto, clear for importation. While
the EXW term represents the minimum obligation for the seller,
DDP represents the maximum. |
|
| Terms
of Sale - DDU (Delivered Duty Unpaid) (...Named Port of
Destination) |
|
| A
Term of Sale where the seller fulfills his obligation to
deliver when the goods have been made available at the named
place in the country of importation. The seller has to bear
the costs and risks involved in bringing the goods thereto
(excluding duties, taxes and other official charges payable
upon importation) as well as the costs and risks of carrying
out customs formalities. The buyer has to pay any additional
costs and to bear any risks caused by failure to clear the
goods for in time. |
|
| Terms
of Sale - DEQ (Delivered Ex Quay, [Duty Paid]) (...Named Port
of Destination) |
|
| A
Term of Sale which means the DDU term has been fulfilled when
the goods have been available to the buyer on the quay (wharf)
at the named port of destination, cleared for importation. The
seller has to bear all risks and costs including duties, taxes
and other charges of delivering the goods thereto. |
|
| Terms
of Sale - DES (Delivered Ex Ship) (...Named Port of
Destination) |
|
| A
Term of Sale where the seller fulfills his/her obligation to
deliver when the goods have been made available to the buyer
on board the ship, uncleared for import at the named port of
destination. The seller has to bear all the costs and risks
involved in bringing the goods to the named port destination. |
|
| Terms
of Sale - EXW (Ex Works) (...Named Place) |
|
| A
Term of Sale which means that the seller fulfills the
obligation to deliver when he or she has made the goods
available at his/her premises (i.e., works, factory,
warehouse, etc.) to the buyer. In particular, the seller is
not responsible for loading the goods in the vehicle provided
by the buyer or for clearing the goods for export, unless
otherwise agreed. The buyer bears all costs and risks involved
in taking the goods from the seller's premises to the desired
destination. This term thus represents the minimum obligation
for the seller. |
|
| Terms
of Sale - FAS (Free Alongside Ship) (...Named Port of
Shipment) |
|
| A
Term of Sale which means the seller fulfills his obligation to
deliver when the goods have been placed alongside the vessel
on the quay or in lighters at the named port of shipment.This
means that the buyer has to bear all costs and risks of loss
of or damage to the goods from that moment. |
|
| Terms
of Sale - FCA (Free Carrier) (... Named Place) |
|
| A
Term of Sale which means the seller fulfills their obligation
when he or she has handed over the goods, cleared for export,
into the charge of the carrier named by the buyer at the named
place or point. If no precise point is indicated by the buyer,
the seller may choose, within the place or range stipulated,
where the carrier should take the goods into their charge. |
|
| Terms
of Sale - FOB (Free On Board) (...Named Port of Shipment) |
|
| An
International Term of Sale that means the seller fulfills his
or her obligation to deliver when the goods have passed over
the ship's rail at the named port of shipment. This means that
the buyer has to bear all costs and risks to loss of or damage
to the goods from that point. The FOB term requires the seller
to clear the goods for export. |
|
| TEU |
|
| Abbreviation
for "Twenty foot Equivalent Unit." |
|
| Through
Rate |
|
| The
total rate from the point of origin to final destination. |
|
| Throughput
Charge |
|
| The
charge for moving a container through a container yard off or
onto a ship. |
|
| Time
Charter |
|
| A
contract for leasing between the ship owners and the lessee.
It would state, e.g., the duration of the lease in years or
voyages. |
|
| Time
Draft |
|
| A
draft that matures either a certain number of days after
acceptance or a certain number of days after the date of the
draft. |
|
| TIR |
|
| -
"Transport International par la Route." Road
transport operating agreement among European governments and
the United States for the international movement of cargo by
road. Display of the TIR carnet allows sealed containerloads
to cross national frontie |
|
| TL |
|
| Abbreviation
for "Trailer Load." |
|
| TOFC |
|
| Abbreviation
for "Trailer on Flat Car." The movement of a highway
trailer on a railroad flatcar. Also known as Piggyback. |
|
| Ton-Mile |
|
| A
unit used in comparing freight earnings or expenses. The
amount earned from the cost of hauling a ton of freight one
mile. Also, the movement of a ton of freight one mile. |
|
| Tonnage |
|
| 100
cubic feet. |
|
| 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. |
|
| Towage |
|
| The
charge made for towing a vessel. |
|
| Tractor |
|
| Unit
of highway motive power used to pull one or more
trailers/containers. |
|
| Trade
Acceptance |
|
| A
time or a date draft that has been accepted by the buyer (the
drawee) for payment at maturity. |
|
| Traffic |
|
| Persons
and property carried by transport lines. |
|
| Trailer |
|
| The
truck unit into which freight is loaded as in tractor trailer
combination. See Container. |
|
| Tramp
Line |
|
| An
ocean carrier company operating vessels not on regular runs or
schedules. They call at any port where cargo may be available. |
|
| Transport |
|
| To
move cargo from one place to another. |
|
| Transportation
& Exit (T&E) |
|
| Allows
foreign merchandise arriving at one port to be transported in
bond through the U.S. to be exported from another port,
without paying duty. |
|
| Transship |
|
| To
transfer goods from one transportation line to another, or
from one ship to another. |
|
| Transshipment
Port |
|
| Place
where cargo is transferred to another carrier. |
|
| Trust
Receipt |
|
| Release
of merchandise by a bank to a buyer while the bank retains
title to the merchandise. The goods are usually obtained for
manufacturing or sales purposes. The buyer is obligated to
maintain the goods (or the proceeds from their sales) distinct
from the remainder of the assets and to hold them ready for
repossession by the bank. |
|
| Turnaround |
|
| In
water transportation, the time it takes between the arrival of
a vessel and its departure. |
|
| Twist
Locks |
|
| A
set of four twistable bayonet type shear keys used as part of
a spreader to pick up a container or as part of a chassis to
secure the containers. |
|
| Two-Way
Pallet |
|
| A
pallet so designed that the forks of a fork lift truck can be
inserted from two sides only. |
|
