What does LT stand for? What does on-carriage mean? What's a time charter?
Shipping jargon and terminology can be confusing. In this section, we explain the meaning of the most commonly used international shipping terms.
If you still need a specific shipping term explained in detail, simply contact your nearest Safmarine office – we’re happy to help.
- A conveyance that transports cargo from the mother vessel to its final destination, or from the port at which is it first received to the mother vessel.
- Floating Cranes
- Heavy-duty cranes that are able to handle exceptionally heavy cargo (cargo that cannot be handled by conventional gantry cranes).
- For-Hire Carriers
- People or firms engaged in the transportation of goods or passengers in return for remuneration. These are classified into two general categories: specialised carriers and general freight motor carriers.
- Freight Bill
Also known as a Destination (Collect) Freight Bill or a Prepaid Freight Bill, a Freight Bill is a shipping document used for two purposes;
(1) A bill rendered by a transportation line to the consignee, containing the shipper’s name and a description of the freight, point of origin and weight charges (if not prepaid).
(2) A bill rendered by a transportation line to the shipper, containing a description of the freight, consignee, destination and weight charges
- Freight Forwarder
(1) A person or company engaged in assembling, collecting, consolidating shipping and distributing less than trailer load freight.
(2) A person acting as an agent in the trans-shipment and customs clearance of freight transported to or from a foreign country.