Glossary of Shipping Terms: (Bill of Lading): Long Form B/L - Negotiable B/L

www.Shipping-Web.com

Glossary of Shipping Terms: (Bill of Lading): Long Form B/L - Negotiable B/L

Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

* Long Form B/L: B/L form with all Terms & Conditions written on it. Most B/L's are short form which incorporate the long form clauses by reference.
* Memo B/L: Unfreighted B/L with no charges listed.
* Military B/L: B/L issued by the U.S. military; also known as GBL, or Form DD1252.
* B/L Numbers: U.S. Customs' standardized B/L numbering format to facilitate electronic communications and to make each B/L number unique.
* Negotiable B/L: The B/L is a title document to the goods, issued "to the order of" a party, usually the shipper, whose endorsement is required to effect is negotiation. Thus, a shipper's order (negotiable) B/L can be bought, sold, or traded while goods are in transit and is commonly used for letter-of-credit transactions. The buyer must submit the original B/L to the carrier in order to take possession of the goods.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: (Bill of Lading): Freight B/L - Intermodal B/L

www.Shipping-Web.com

Glossary of Shipping Terms: (Bill of Lading): Freight B/L - Intermodal B/L

Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

* Freight B/L: A contract of carriage between a shipper and forwarder (who is usually a NVOCC); a non-negotiable document.
* Government B/L (GBL): A bill of lading issued by the U.S. government.
* Hitchment B/L: B/L covering parts of a shipment which are loaded at more than one location. Hitchment B/L usually consists of two parts, hitchment and hitchment memo. The hitchment portion usually covers the majority of a divided shipment and carries the entire revenue.
* House B/L: B/L issued by a freight forwarder or consolidator covering a single shipment containing the names, addresses and specific description of the goods shipped.
* Intermodal B/L: B/L covering cargo moving via multimodal means. Also known as Combined Transport B/L, or Multimodal B/L.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: (Bill of Lading): Clean B/L - Express B/L

www.Shipping-Web.com

Glossary of Shipping Terms: (Bill of Lading): Clean B/L - Express B/L

Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

* Clean B/L: A B/L which bears no superimposed clause or notation which declares a defective condition of the goods and/or the packaging.
* Combined B/L: B/L that covers cargo moving over various transports.
* Consolidated B/L: B/L combined or consolidated from two or more B/L's.
* Corrected B/L: B/L requiring any update which results in money or other financially related changes.
* Domestic B/L: Non-negotiable B/L primarily containing routing details; usually used by truckers and freight forwarders.
* Duplicate B/L: Another original Bill of Lading set if first set is lost. also known as reissued B/L.
* Express B/L: Non-negotiable B/L where there are no hard copies of originals printed.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: (Bill of Lading): Amended B/L - Canceled B/L

www.Shipping-Web.com

Glossary of Shipping Terms: (Bill of Lading): Amended B/L - Canceled B/L

Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

* Amended B/L: B/L requiring updates that do not change financial status; this is slightly different from corrected B/L.
* B/L Terms & Conditions: the fine print on B/L; defines what the carrier can and cannot do, including the carrier's liabilities and contractual agreements.
* B/L's Status: represents whether the bill of lading has been input, rated, reconciled, printed, or released to the customer.
* B/L's Type: refers to the type of B/L being issued. Some examples are: a Memo (ME), Original (OBL), Non negotiable, Corrected (CBL) or Amended (AM) B/L.
* Canceled B/L: B/L status; used to cancel a processed B/L; usually per shipper's request; different from voided B/L.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: (Bill of Lading): Amended B/L - Canceled B/L

www.Shipping-Web.com

Glossary of Shipping Terms: (Bill of Lading): Amended B/L - Canceled B/L

Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

* Amended B/L: B/L requiring updates that do not change financial status; this is slightly different from corrected B/L.
* B/L Terms & Conditions: the fine print on B/L; defines what the carrier can and cannot do, including the carrier's liabilities and contractual agreements.
* B/L's Status: represents whether the bill of lading has been input, rated, reconciled, printed, or released to the customer.
* B/L's Type: refers to the type of B/L being issued. Some examples are: a Memo (ME), Original (OBL), Non negotiable, Corrected (CBL) or Amended (AM) B/L.
* Canceled B/L: B/L status; used to cancel a processed B/L; usually per shipper's request; different from voided B/L.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: Beam - Bill of Lading (B/L)

www.Shipping-Web.com

Glossary of Shipping Terms: Beam - Bill of Lading (B/L)

Beam
The width of a ship.

Belt Line
A switching railroad operating within a commercial area.

Beneficiary
· Entity to whom money is payable.
· The entity for whom a letter of credit is issued.
· The seller and the drawer of a draft.

Berth Terms
Shipped under rate that includes cost from end of ship's tackle at load port to end of ship's tackle at discharge port.

Beyond
Used with reference to charges assessed for cargo movement past a line-haul terminating point.

Bilateral
A contract term meaning both parties agree to provide something for the other.

Bill of Exchange
In the United States, commonly known as a "Draft." However, bill of exchange is the correct term.

Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.


The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: BB - BCO

www.Shipping-Web.com

Glossary of Shipping Terms: BB - BCO

BB
Ballast Bonus (Special payment above the Chartering price when the ship has to sail a long way on ballast to reach the loading port.)

BB
Bareboat (Method of chartering of the ship leaving the charterer with almost all the responsibilities of the owner.)

B/L
Abbreviation for "Bill of Lading."

Backhaul
To haul a shipment back over part of a route it has traveled.

BAF
Abbreviation for "Bunker Adjustment Factor." Used to compensate steamship lines for fluctuating fuel costs. Sometimes called "Fuel Adjustment Factor" or FAF.

Balloon Freight
Light, bulky articles.

Bank Guarantee
Guarantee issued by a bank to a carrier to be used in lieu of lost or misplaced original negotiable bill of lading.

Barratry
An act committed by the master or mariners of a vessel, for some unlawful or fraudulent purpose, contrary to their duty to the owners, whereby the latter sustain injury. It may include negligence, if so gross as to evidence fraud.

Barrel (BBL)
A term of measure referring to 42 gallons of liquid at 60o F.

Base Rate
A tariff term referring to ocean rate less accessorial charges, or simply the base tariff rate.

BCO
Abbreviation for "Beneficial Cargo Owner." Refers to the importer of record, who physically takes possession of cargo at destination and does not act as a third party in the movement of such goods.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Shipping - Shipping Supply - Trucking

www.Shipping-Web.com

Glossary of Shipping Terms: Appraisement - AWWL

Appraisement
Determination of the dutiable value of imported merchandise by a Customs official who follows procedures outlined in their country's tariff, such as the U.S. Tariff Act of 1930.

Appraiser's Stores
The warehouse or public stores to which samples of imported goods are taken to be inspected, analyzed, weighed, etc. by examiners or appraisers.

Arbitrary
A stated amount over a fixed rate to one point to make a rate to another point.

Average
See insurance.

Arrival Notice
A notification by carrier of ship's arrival to the consignee, the "Notify Party," and - when applicable - the "Also Notify Party." These parties in interest are listed in blocks 3, 4 and 10, respectively, of the Bill of Lading.

ASC X12
American Standards Committee X12 responsible for developing EDI standards for the United States.

Assignment
A term commonly used in connection with a bill of lading. It involves the transfer of rights, title and interest in order to assign goods by endorsing the bill of lading.

Astern
· Behind a vessel
· Move in a reverse direction.

A.T.A.
American Trucking Association.

ATDNSHINC
Any time Day or Night Sundays & Holidays Included.

Athwartships
A direction across the width of a vessel.

Avoirdupois Pound
Same as 0.4535924277 kilograms.

AWWL
Always within Institute Warranties Limits (Insurance purposes).

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: Alongside - Apparent Good Order

www.Shipping-Web.com

Glossary of Shipping Terms: Alongside - Apparent Good Order

Alongside
A phrase referring to the side of a ship. Goods delivered "alongside" are to be placed on the dock or barge within reach of the transport ship's tackle so that they can be loaded.

Alternative Rates
Privilege to use the rate producing the lowest charge.

Ambient Temperature
The temperature of a surrounding body. The ambient temperature of a container is the atmospheric temperature to which it is exposed.

American Bureau of Shipping
U.S. classification society which certifies seagoing vessels for compliance to standardized rules regarding construction and maintenance.

AMS
The U.S. Customs' "Automated Manifest System."

Anti-Dumping Duty
A tariff imposed to discourage sale of foreign goods, subsidized to sell at low prices detrimental to local manufacturers.

Any Quantity (A.Q.)
Usually refers to a rating that applies to an article regardless of size or quantity.

Apparent Good Order
When freight appears to be free of damage so far as a general survey can determine.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: Advanced Charge - Aft

Shipping-Web.com

Glossary of Shipping Terms: Advanced Charge - Aft

Advanced Charge
Transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee.

Adventure
Shipment of goods on shipper's own account. A bill of adventure is a document signed by the master of the ship that carries goods at owner' risk.

Advice of Shipment
A notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the bill of lading.

Advising Bank
A bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank.

Affreightment, Contract of
An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer.

Aft
Movement toward the stern (back end) of a ship.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: Accessorial Charges - Advance

www.Shipping-Web.com

Glossary of Shipping Terms: Accessorial Charges - Advance

Accessorial Charges
Charges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency, destination/delivery.

Acquiescence
When a bill of lading is accepted or signed by a shipper or shipper's agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent.

Acquittance
A written receipt in full, in discharge from all claims.

ACS (A.C.S.)
U.S. Customs' master computer system, "Automated Commercial Systems."

Act of God
An act beyond human control, such as lightning, flood or earthquake.

Ad Valorem
A term from Latin meaning, "according to value."

Administrative Law Judge
A representative of a government commission or agency vested with power to administer oaths, examine witnesses, take testimony, and conduct hearings of cases submitted to, or initiated by, that agency. Also called Hearing Examiner.

Admiralty (Adm.)
Refers to marine matters such as an Admiralty Court.

Advance
To move cargo up line to a vessel leaving sooner than the one booked. (See "Roll.")

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.

Glossary of Shipping Terms: AA - Acceptance

www.Shipping-Web.com

Glossary of Shipping Terms: AA - Acceptance

AA
Always Afloat (In some ports the ship aground when approaching, or at berth.)

AAR
Abbreviation for:
· Against All Risks (insurance clause).
· Association of American Railroads.

Abaft
A point beyond the midpoint of a ships length, towards the rear or stern.

Abandon
A proceeding wherein a shipper/consignee seeks authority to abandon all or parts of their cargo.

Abatement
A discount allowed for damage or overcharge in the payment of a bill.

ABI
U.S. Customs' "Automated Broker Interface," by which brokers file importers' entries electronically.

Aboard
Referring to cargo being put, or laden, onto a means of conveyance.

Absorption
One carrier assumes the charges of another without any increase in charges to the shipper.

Acceptance
· A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity.
· Broadly speaking, any agreement to purchase goods under specified terms.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.