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 location for loading and unloading containers at a railroad terminal.
- Rate agreement
- An agreement made between a group of carriers who discuss rates and common problems, but still have the option to file independent tariffs.
- An approach to improving business operations through reinventing, re-evaluating, redesigning and redoing.
- Received for Shipment Bill of Lading
- A type of bill of lading that can be issued when a carrier receives or takes custody of goods, even before the goods are loaded onto a ship or other form of transport. It is usually switched to an onboard bill of lading or added as an onboard notation once the goods are loaded.
- Register ton
A unit representing the interior capacity of a ship, equal in volume to a vessel ton.
1 register ton = 2.832 m3 (100 ft3)
1 vessel ton = 100 ft3 (2.832 m3)
- A marine shipment that is transferred to its final destination port after being shipped to an intermediate point.
- The process of moving inventory from a reserve storage location to a primary picking location or another mode of storage where picking is performed.
- Return Cargo
Cargo to be returned to the original place of receipt.
Cargo carried by a vessel from destination to origin.
- Revenue ton
A billing unit. On freight that is paid for per ton, the revenue ton is the total number of tons.
A billing unit based on the weight or volume of a shipment. The unit of measurement that generates the highest revenue is deemed the revenue ton.
- Reverse logistics
- A general term for operations related to the reuse of products and materials. The management of these operations can be referred to as Product Recovery Management (PRM). PRM is concerned with the care of products and materials after they have been used. Some of these activities are similar to those used for internal returns of defective items due to unreliable production processes. Reverse logistics, however, refers to all logistics activities in connection with PRM, including the collection, disassembly and processing of the returned products, product parts and/or materials.
- Short for Roll-on/Roll-off vessel. Ro-Ros are used for carrying cars and light trucks. The vehicles are driven on and off the vessel, rather than being loaded using cranes or other equipment.