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Abbreviation:- A shortened or contracted form of a word or phrase used in place of the whole. Term:- Name, expression or word used for some particular thing, especially in a specialized field of knowledge. . Common Shipping Terms and Abbreviations.
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A document that establishes the terms of con-tract between a shipper and a transportation company. It serves as a document of title, a con-tract of carriage, and a receipt for goods. Bond port. Port of a vessel’s initial customs entry to any country; also known as first port of call. Bonded warehouse.
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Jun 16, 2023 · We've compiled the ultimate list of shipping terms. On this page, you'll find shipping terminology that fits into multiple categories: International Shipping Terms, Maritime Shipping Terms, Inland Shipping Terms, and many more.
See our glossary of shipping terms for a glossary of port and shipping terms with an overall international shipping terms glossary.
Virtual Arrival Policy (VAP) Also known as just-in-time arrival policy in the shipping industry, which is identified by the International Maritime Organization (IMO) as an energy-efficient operational measure.
the various terms used in the shipping process, we have just the thing for you. We’ve compiled all of the most commonly used terms and phrases and their definitions in one place to help make your life easier.
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International Commercial Trade Terms, or Incoterms for short, are selling terms buyers and sellers use so they can communicate which party is responsible for the tasks, costs, and risks associated with transferring the goods to the buyer when trading internationally.