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Shipping Glossary
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Shipping Glossary
Terminal PortsMain ports directly touched by the members of a Conference which serve as the basis for the calculation of freight for those ports which are only served by transhipment |
Termination FeeFee accruing with the return of rented containers for administration, wear etc |
Terms of PaymentTerms regulating payment transactions between the buyer and the seller of goods. Terms which are advantageous for the seller are also called hard terms, whereas terms which are advantageous for the buyer are called soft terms. Decisive for the choice of terms is the market position held by the seller and/or buyer |
Terms of SaleThe point at which sellers have fulfilled their obligations so the goods in a legal sense could be said to have been delivered to the buyer. They are shorthand expressions that set out the rights and obligations of each party when it comes to transporting the goods. The following are the thirteen terms of sale in international trade as reflected in the International Chamber of Commerce Terms of Trade (INCOTERMS), effective July, 1990: |
Terrestrial NavigationNavigation which orients itself by prominent landmarks. It is therefore only possible close to the coast |
Territorial WatersCoastal waters to which the riparian states have full sovereign rights. According to the International Convention on the law of the Sea, the territorial waters constitute a zone of 12 nautical miles along the coast of a state. Exception: Germany has a right to a zone 16 nautical miles off the island of Helgoland |
TEUTwenty-foot equivalent unit container. Used to measure a vessel's capacity |
TFSTEMPORARY FEEDER SURCHARGE |
Through B/LBlanket documentation when multiple carriers of various transport modes are involved |
Through Container ServiceContinuous container traffic from the forwarder to the consignee. Syn.: Through transport, door to door or multimodal transport |
