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.
- Joint Rate
A rate from a point located on one transportation line to a point on another transportation line that is published in a single tariff. OR A single rate charged by two or more carriers to transport a shipment of goods.
A single rate applied to a shipment that is carried by two or more carriers.
- Jones Act
- Section 27 of the Merchant Marine Act of 1920, requiring that all shipments by water between ports in the United States (including Puerto Rico) be carried by US-flagged, US-built, and US-crewed vessels.
- Journal of Commerce
A trade publication about transportation.
A biweekly magazine published in the USA that focuses on topics and issues that concern global trade.
- A method of inventory control, in which warehousing is minimal or non-existent. The container is seen as a moveable warehouse and must arrive ‘just in time’, (i.e. not too early and not too late).