9 Terms
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Shipping
Relating to the mass transport of goods on massive cargo ships.
Industry: Transportation
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Shipping
Ballast bonus (BB)
Transportation; Shipping
Special payment above the Chartering price when the ship has to sail a long way on ballast to reach the loading port.
Cut-off time
Transportation; Shipping
The latest time cargo may be delivered to a terminal for loading to a scheduled train or ship.
Order-notify (O/N)
Transportation; Shipping
A bill of lading term to provide surrender of the original bill of lading before freight is released; usually associated with a shipment covered under a letter of credit.
Bareboat (BB)
Transportation; Shipping
Method of chartering of the ship leaving the charterer with almost all the responsibilities of the owner.
Free port
Transportation; Shipping
A restricted area at a seaport for the handling of duty–exempted import goods. Also called a Foreign Trade Zone.
