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Shipping Glossary
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Shipping Glossary
SEPSPECIAL EQUIPMENT PREMIUM |
ServiceA string of vessels which make a particular voyage and serves a particular market |
Service ContractAs provided in the Shipping Act of 1984, a contract between a shipper (or a shipper's associations) and an ocean common carrier (of conference) in which the shipper makes a commitment to provide a certain minimum quantity of cargo or freight revenue over a fixed time period, and the ocean common carrier or conference commits to a certain rate or rate schedule as well as a defined service level (such as assured space, transit time, port rotation or similar service features). The contract may also specify provisions in the event of nonperformance on the part of either party |
SFASHORESIDE FUEL ADJUSTMENT FACTOR |
SHCSHORING CHARGE IN TAIWAN |
SHFSHIPPER'S EXPORT DECLARATION HANDLING FEE |
ShipA large vessel able to navigate large bodies of water and designed to carry passengers and/or cargo. Broadly speaking, a ship cannot fit on a boat |
Ship ChandlerAn individual or company selling equipment and supplies for ships |
Ship DemurrageA charge for delaying a steamer beyond a stipulated period |
ShipmentThe tender of one lot of cargo at one time from one shipper at one location to one consignee, at one destination, on one bill of lading |
