Page 6 - Turners Shipping Glossary of Terms
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GLOSSARY OF SHIPPING TERMS

TERM                       DESCRIPTION
Container Load Plan
(CLP)                      A document prepared to show all details of cargo loaded in a container, e.g. weight
Container Number           (individual and total), measurement, markings, shippers, consignees, the origin &
Container Part Load        destination of goods, and location of cargo within the container.
Container Seal Number
Container Size             The unique identification of a container.
Container Status
Container Type             A shipment that does not utilize the full volume of a container nor the maximum payload
Container Load             by weight; additional part loads may be added.
Containership
Contract of Affreightment  The number of high security seal provided by OOCL.
Copy B/L
                           The length of a container i.e. 20'' (6 meters), 40'' and 45'' (12 meters).
CPT (INCOTERM)
                           The status of a container in term of location, custody and cargo status for cargo tracking
Credit Agreement           use.

Customhouse Broker         The purpose of a container of which the code is to be adhered to ISO standard.

Customs Invoice            A load sufficient in size to fill a container either by cubic measurement or by weight.
Cut-Off Time
CY                         An ocean vessel specifically designed to carry ocean cargo containers. It is fitted with
                           vertical cells for maximum capacity.
CY/CFS
CY/CY                      An agreement by a steamship line to provide cargo space on a vessel at a specified time
Dangerous Goods            and for a specified price to accommodate an exporter or importer.

DAP (INCOTERM)             Duplicate of original bill of lading and is non-negotiable.

                           One of 11 INCOTERMS, can be used for any mode of transport. “Carriage Paid To”,
                           means that the seller delivers the goods to the carrier or another person nominated by the
                           seller at an agreed place (if any such place is agreed between the parties) and that the
                           seller must contract for and pay the costs of carriage necessary to bring the goods to the
                           named place of destination.

                           Agreement between carrier and shipper for release of cargo with promise to pay ocean
                           freight within specific time.

                           Also known as Custom Broker. A person or firm, licensed to engage in entering and clearing
                           goods through customs and/or the government office (Custom house) where duties and/
                           or tolls are placed on imports or exports. The duties of a broker include preparing the entry
                           blank and filing it; advising the importer on duties to be paid; advancing duties and other
                           costs; and, arranging for delivery to his client, his trucking firm, or other carrier.

                           A form requiring all data in a commercial invoice along with a certificate of value and/or
                           a certificate of origin. Required in a few countries (usually former British territories) and
                           usually serves as a seller's commercial invoice.

                           Latest possible time cargo may be delivered to vessel or designated point.

                           Container Yard. Point at which carrier hands over to or receive laden containers from
                           merchant haulier. Commonly where mode of transport changes e.g. a sea port, feeder
                           terminal, barge terminal or rail ramp.

                           Cargo loaded in a full container by a shipper at origin, delivered to pier facility at destination,
                           and then devanned by carrier for loose pick up.

                           Cargo loaded by shipper in a full container at origin and delivered to carrier's terminal at
                           destination for pick up intact by consignee.

                           The term used by I.M.C.O. for hazardous materials which are capable of posing a
                           significant risk to health, safety or property while being transported.

                           One of 11 INCOTERMS, can be used for any mode of transport. “Delivered at Place”,
                           means that the seller delivers when the goods are placed at the disposal of the buyer on
                           the arriving means of transport ready for unloading at the named place of destination. The
                           seller has to bear all risks involved in bringing the goods to the named place.

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