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Shipping Glossary
WaiverRenunciation of a monetary value or a legal claim |
WakeWater troubled by the motion of the ship which is forming a strip behind the ship |
WANWide area network |
WARWAR RISK ADDITIONAL |
War Risk SurchargeRisk surcharge on the freight rate for transports into war zones or to countries where war-like conditions prevail |
WarehouseA place for the reception, delivery, consolidation, distribution and storage of goods/cargo |
Warehouse EntryDocument that identifies goods imported when placed in a bonded warehouse. The duty is not imposed on the products which in the warehouse but will be collected when they are withdrawn for delivery or consumption |
Warehouse WarrantDocument issued by the warehouse keeper. The warehouse warrant can be a simple receipt, a non-negotiable instrument or a document made out to order |
Warehouse Withdrawal for Immediate Exportation (WDEX)Allows merchandise that has been withdrawn from a bonded warehouse at one US port to be exported from the same port without paying duty |
Warehouse Withdrawal for Transportation (WDT)Allows merchandise that has been withdrawn from a bonded warehouse at one port to be transported in bond to another port, where a superseding entry will be filed |
