Page 9 - Glossary of Shipping Terms

SHIPPING TERMS

TERM DESCRIPTION

Freight (a) The price paid to the carrier for the transportation of goods or merchandise by sea from one place
to another. (b) Freight is also used to denote goods which are in the process of being transported from
Freight Ton one place to another.
Fumigation
G.R.I. See Revenue Ton.
GATT
Treatment with a pesticide active ingredient that is a gas under treatment conditions.
General Average
General Rate Increase - General Agreement on Tariff and Trade.
Gross Tonnage
Gross Weight An international multilateral agreement embodying a code of practice for fair trading in international
Groupage commerce.
Hague Rules
Hague-Visby Rules General average is an unwritten, non-statutory, international maritime law which is universally
recognized and applied. It is founded on the principle that vessel and goods are parties to the same
Hamburg Rules venture and share exposure to the same perils, which may require sacrifice or the incurring of
extraordinary expense on the part of one for the benefit of the whole venture.
Harmonized Commodity
Description and Coding Applies to vessels, not to cargo. Determined by dividing by 100 the contents, in cubic feet, of the vessel's
System closed-in spaces. A vessel ton is 100 cubic feet.
Entire weight of goods, packaging and container, ready for shipment. The weight of the merchandise in
HAWB its shipping form, i.e. including all its packaging.
HBL
Heavy Lift A consolidation service, putting small shipments into containers for shipment.
Heavy-Lift Charge
High Cube 1924 International Convention on Carriage of Goods by Sea. These rules govern liability for loss or
House B/L damage to goods carried by sea under a bill of lading.
House-to-House (H/H)
House-to-Pier (H/P) 1968 Revision of Hague Rules.

Hub In March 1978 an international conference in Hamburg adopted a new set of rules (The Hamburg
Rules),which radically alter the liability which ship-owners have to bear for loss or damage to goods in
I.C.C. the courts of those nations where the rules apply.

I.M.C.O. A multi-purpose international code for classifying goods moving in international trade under a single
commodity code. This code is a hierarchically structured product nomenclature containing approximately
I.M.O. 5,000 headings and subheadings describing the articles moving in international trade. An internationally
recognised system of coding cargo for trade purpose so as to decide the applicable tariff code/ HS code.
This will determine the rate of duty applicable on the importation of the commodity. The expression is
commonly used to refer to the international Convention of the Harmonized Commodity Description and
Coding System, adopted by the Customs Co-operation Council in 1988. ngs and subheadings describing
the articles moving in international trade.
House Airway Bill - this is a document issued by the Freight Forwarder, acting as a carrier, clearly showing
the contract of affreightment between the freight forwarder and the exporter.
House Bill of Lading (the Bill of Lading issued by a Freight Forwarder), acting as a carrier, clearly showing
the contract of affreightment between forwarder and exporter.

Articles too heavy to be lifted by a ship's tackle.

A charge made for lifting articles too heavy to be lifted by a ship's tackle.

Any container which exceeds 8ft. 6in. in height, usually 9ft. 6in.

Bill of lading issued by forwarder.

See CY/CY.

See CY/CFS.

A facility in the infrastructure where transport-related services (collection & distribution) and commercial
activities are performed, and it focuses on logistics-centre management, facilities management,
maintenance and supply chain.

International Chamber of Commerce - A Paris-based international forum that aims to facilitate trade.

International Maritime Consultative Organization. A forum in which most major maritime nations
participate and through which recommendations for the carriage of dangerous goods, bulk commodities
and maritime regulations become internationally acceptable.

International Maritime Organization

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