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Shipping Glossary

Shipping Glossary

Time of Demurrage

Time commencing after expiry of a loading/unloading period stipulated in a voyage charter. The shipper must pay demurrage to the carrier for the time of demurrage

Time Sheep

Minutes drawn up by the agent or his representative on the completed loading and unloading time of a ship. It serves as the basis for calculating dispatch money or demurrage charges

Time Volume Arrangement

Agreement between a Conference and shippers on reduced rates for a limited period of time if they ship a certain minimum tonnage with Conference owners

Time-Volume-Rate

Rate agreed upon in a Time Volume Agreement

TIR (Transport Internationaux par la Route)

Road transport operating agreement among European governments and the United States for the international movement of cargo by road. Display of the TIR carnet allows sealed containerloads to cross national frontiers without inspection

TKR

Trans Korean Railway

TL

Abbreviation for Trailer Load

TLC

CONTAINER TOTAL LOSS CHARGE

TMS

POSICIONADO(CONTAINER MOVE. CHG. FOR INSPECTION IN ES)

TOFC (Trailer on Flat Car)

The movement of a highway trailer on a railroad flatcar. Also known as piggyback

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