Shipping terms

In the world of shipping, many different terms occur. The most common terms and their explanation are shown below.                  

 

Agencies 

A shipping agent is basically the spider in the web in respect of a vessel’s portcall. Prior the arrival, during the portstay and after the vessel has sailed to open sea again. The agent has as main tasks the coordination with the port authorities, stevedores/terminals, customs, cargo interested parties, subcontractors and the sometimes various principals.

 

CYCY

Change of destination

 

Demurrage

Domestic: A penalty charge against shippers or consignees for delaying the carrier's equipment beyond the allowed free time provision of the tariff at the rail ramp;

International Transportation: A storage charge to shippers, which starts accruing after a container is discharged from a vessel. The charge varies according to rules of the appropriate tariff. See also: Detention, Per Diem and Storage.

 

Freight forwarding

Freight forwarding is the coordination and shipment of goods from one place to another via single or multiple carriers via air, marine, or highway. 

 

Global logistics

Global logistics is the process of managing the physical flow of goods/materials from the place where they are made (one part of globe) to the place where they are consumed (other part of globe). Global logistics involves the movement of goods—by truck, train, ship, or plane—as well as preparation, packaging and storage of goods in distribution centers and other logistics real estate facilities.

 

Incoterms 2020

Global logistics is the process of managing the physical flow of goods/materials from the place where they are made (one part of globe) to the place where they are consumed (other part of globe). Global logistics involves the movement of goods—by truck, train, ship, or plane—as well as preparation, packaging and storage of goods in distribution centers and other logistics real estate facilities.

 

Project cargo

Some loads do not fit the standard dimensions and therefor need suitable equipment to be transported. The cargo can either be to large or to heavy to be transported in the standard way. Based on detailed cargo specifications and measurements a suitable solution must be found. Here enters the Project divisi

 

Supply chain

Supply Chain Management (SCM), also known as integral chain management, is a principle in which by improving processes and cooperation with suppliers and customers a better functionality of the participating company in the chain is created. For example, less waste is created and more accurate purchases can be made.

 

Transport

Transport means the movement of persons or goods.

 

Warehousing

Warehousing, it is all about storing goods for a certain amount of time in a large warehouse.

 

Dry Bulk

From grains to coal and from sugar to cocoa, dry bulk cargoes cover a range of produce and raw materials that have two features in common: they are unpacked and are homogeneous. These two properties make it easier for dry bulk cargoes to be dropped or poured into the hold of a bulk carrier.

www.maritimeinfo.org

 

Liquid Bulk

Liquid bulk cargo is carried unpackaged in any quantity and usually transported by ships that are commonly referred to as tankers which are built specially to make the loading and unloading process become easy. Liquid bulk cargo is generally classified into edible, non-edible, hazardous and non-hazardous liquids

 

Break Bulk

In shipping, breakbulk cargo or general cargo are goods that must be stowed individually, and will be listed on multiple bill of ladings each covering a different commodity.[1] This is in contrast to goods stowed in intermodal containers, or in bulk as with oil or grain.

Wikipedia

 

 

 

 

 

Source: msc