Page 16 - Glossary of Shipping Terms

SHIPPING TERMS

TERM DESCRIPTION
Standard Industrial
Classification (SIC) A standard numerical code used by the U.S. government to classify products and services.
Standard International
Trade Classification A standard numerical code used by the United Nations to classify commodities used in international
(SITC) trade.

Standard Rate A rate established via direct routes from one point to another in relation which the rates via other
routes between the same points are made. See also Differential Rate.
STC Said to Contain. A standard clause used to protect carrier for cargo stuffed by shipper or its agents.
Terminal operator who is designated to facilitate the operation of loading and discharging vessels and
Stevedore various terminal activities.
A charge made on property stored.
Storage
Stowage A marine term referring to loading freight into ships' holds.
Straight Bill of Lading
Stripping A term for a non-negotiable bill of lading.
Stuffing
The unloading of a container.
Supply Chain Management
The loading of a container.
Tank Container
Tare Weight The delivery of enhanced customer and economic value through synchronized management of the
Tariff (Trf.) flow of physical goods, services and associated information from sourcing through consumption. The
management of the process and activities to provide the flow of products, services and information to
Terminal customers.

TEU A specially constructed container for transporting liquids and gases in bulk.
THC
Through Rate The weight of packing material or, in carload shipments, the weight of the empty freight car.
TOS
A publication setting forth the charges, rates and rules of transportation companies.
Transferable Credit An assigned area in which containers are prepared for loading into a vessel or are stacked immediately
after discharge from the vessel.
Tranship Twenty-foot Equivalent Unit (20") T.E.U.
Transit Cargo
Terminal Handling Charge. A charge assessed by the terminal for handling FCLs at ocean terminals.
Transit Port
The total rate from the point of origin to final destination.
Transhipment Port
TRC Terms of Sale. Commonly used as an abbreviation for Incoterms®
Permits the beneficiary to transfer all or some of the rights and obligations under the credit to a second
TVR beneficiary or beneficiaries - see Special DCs.
To transfer goods from one transportation line to another, or from one ship to another.
Twist Locks
Goods on board which upon their arrival at a certain port are not to be discharged at that port.
UCP A port where goods received is merely en route and from which they have to be transferred and
dispatched to their ultimate destination by coasters, barge and so on. Also called transhipment port.
UCP500 See Transit port.

Unit Load Terminal receiving Charge. Charge assessed by the terminal for cargo being delivered for export.
Time Volume Rate. A type of freight contract where the shipper commits to a specified volume of TEU
over a specific period of time.
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.
Uniform Customs and Practice of Documentary Credit. The "bankers Bible" on Documentary Credit
Interpretation issued by the I.C.C.
Revised and updated version operating from January 1, 1994.
Packages loaded on a pallet in a crate or any other way that enables them to be handled at one time
as a unit.

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