Shipping

Shipping

Relating to the mass transport of goods on massive cargo ships.

Industry: Transportation

Add a new term

Contributors in Shipping

Become a Contributors

Shipping

Foreign principal party of interest (FPPI)

Transportation; Shipping

The party to whom final delivery or end use of the exported goods will be made, usually the buyer.

Ocean vessels constructed with heavy–duty submersible hydraulic lift or elevator system at the stern of the vessel. The Sea–Bee system facilitates forward transfer and positioning of barges. Sea–Bee ...

Countervailing duty

Transportation; Shipping

An additional duty imposed to offset export grants, bounties or subsidies paid to foreign suppliers in certain countries by the government of that country for the purpose of promoting export.

No-show

Transportation; Shipping

Cargo which has been booked but does not arrive in time to be loaded before the vessel sails.See also “Windy Booking.”

Anti-dumping duty

Transportation; Shipping

A tariff imposed to discourage sale of foreign goods, subsidised to sell at low prices detrimental to local manufacturers.

Foreign trade zone

Transportation; Shipping

A free port in a country divorced from Customs authority but under government control. Merchandise, except that which is prohibited, may be stored in the zone without being subject to import duty ...

Sea waybill

Transportation; Shipping

Document indicating the goods were loaded onboard when a document of title (b/L) is not needed.Typically used when a company is shipping goods to itself.