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Shipping Glossary
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Shipping Glossary
TowingMoving a ship in the harbour from one berth to another |
TractorUnit of highway motive power used to pull one or more trailers/containers |
Trade AcceptanceA time or date draft that has been accepted by the buyer (the drawee) for payment at maturity |
Trade TermsTrade terms: If the Incoterms are not agreed upon for an export transaction the customary national trade terms apply which have been standardised and codified by the International Chamber of Trade and Commerce |
TrafficPerson or property carried by transport lines |
Traffic OrderGeneral service order to the terminal operator (BLG) in the ports of Bremen; consists of sales request (export) and purchase request (import) |
TrailerThe truck unit into which freight is loaded as in tractor-trailer combination |
Tramp LineAn ocean carrier company operating tramp steamers not on regular runs or schedules |
Tramp ShippingVoyage in case of need: It mainly serves for the transport of bulk goods. There is no fixed schedule for tramp shipping and cargo is taken on where it is offered. The freight rates depend on supply and demand. The basis for the freight agreement are the various charterparties |
TranshipmentShipment of merchandise to the point of destination in another country on more than one vessel or vehicle. The liability may pass from one carrier to the next, or it may be covered by "through bills of lading" issued by the first carrier. Sometimes referred to as relay |
