Sea WordsRSS

Sea Words

The same as FOB named inland carrier, except the buyer pays the transportation charge and the seller reduces the invoice by a like amount.

The same as FOB named inland carrier, except the seller pays the freight charges of the inland carrier.

Seller is responsible for the cost of placing the goods at a named point of exportation. Some European buyers use this form when they actually mean FOB vessel.

Seller is responsible for goods and preparation of export documentation until actually placed aboard the vessel.

Cost of unloading a vessel is borne by the charterer.

A port free of customs duty and most customs regulations.

Clearance by the Health Authorities.

The U.S. government does not issue certificates of free sale. However, the Food and Drug Administration, Silver Spring, Maryland, will issue, upon request, a letter of comment to the U.S. manufacturers whose products are subject to the Federal Food, Drug ...

That amount of time that a carrier's equipment may be used without incurring additional charges. (See Storage, Demurrage or Per Diem.)

A port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties.

The distance from the surface of the water to the main deck or gunwale.

Cargo ship of 14.800 tonnes deadweight.

An opening in the bulwark or rail for discharging large quantities of water, when thrown by the sea upon the ship's deck. Some ships have "swing gates" which allow water to drain off but which automatically close from the pressure of sea water.

A port in the bulwark for the purpose of freeing the deck of water.

Goods transported in a ship, or the money paid for such goods.

Money payable on delivery of cargo in a mercantile condition.

A document issued by the carrier based on the bill of lading and other information; used to account for a shipment operationally, statistically, and financially. An Invoice.

A person whose business is to act as an agent on behalf of the shipper. A freight forwarder frequently makes the booking reservation.

A ship designed to carry all types of general cargo, or "dry cargo."

Extra draught allowed by the load line regulations for loading in fresh water.