Decoding Sea Freight: A Comprehensive Guide to Shipping Terms
Welcome to our ultimate guide on sea freight glossary terms. Shipping terminologies can often seem complex and overwhelming, but fear not, as we break down every essential term you need to know in the world of sea freight.
Understanding Key Sea Freight Terms
In this section, we'll delve into the fundamental terms that form the backbone of sea freight operations.
1. Bill of Lading
A crucial document that serves as a contract of carriage and a receipt of goods.
2. FOB/FCA
Terms indicating the point at which risk and responsibility shift from the seller to the buyer.
3. Incoterms
An internationally recognized set of rules defining the responsibilities of buyers and sellers in international trade.
Intermediate Sea Freight Terminologies
Now we move into more nuanced sea freight terms that play a significant role in global shipping.
1. Demurrage
Charges applied for exceeding allocated time for loading/unloading cargo at the port.
2. Reefer Container
A refrigerated container used for transporting perishable goods.
3. TEU (Twenty-foot Equivalent Unit)
A standard unit of measurement in the shipping industry representing the volume of a 20-foot container.
Advanced Sea Freight Concepts
Explore the complex but essential terminologies that are integral to understanding the in-depth workings of sea freight.
1. Charter Party
A contract between a shipowner and a charterer outlining the hire of a vessel.
2. Dangerous Goods Declaration
A document specifying the details of hazardous materials being transported.
3. Ro-Ro (Roll-On/Roll-Off)
A method of cargo handling where vehicles are driven on and off a ship.
After exploring these sea freight glossary terms, you should now have a solid understanding of the key concepts that govern the world of sea freight. Remember, mastering these terms can empower you in navigating the complexities of international shipping with confidence.