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A B C D E F G H I L M N O P Q/R S T U/V W Y/Z |
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Tail |
The rear of a container.
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Tariff |
A document issued by a carrier setting forth applicable rules, rates, and charges for the movement of goods. It sets up a contract of carriage between the shipper, consignee, and carrier. In international trade applications, the term also refers to a tax on imports.
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Terminal |
An assigned area in which containers are prepared for loading into a vessel or are stacked immediately after discharge from the vessel.
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Terms of sale |
Terms of sale ensure that buyer and seller agree on the allocation of costs and risks in an international sale. Here are some of the terms in the Incoterms 1990. FCA — Free Carrier. The seller delivers goods, cleared for export, to a carrier named by the buyer at a named place. The "carrier" may include any party that undertakes to provide transportation services. FAS — Free Alongside Ship. The seller delivers the goods alongside the vessel at the named port of shipment. The buyer bears all risks of loss or damage from that moment, contracts and pays for carriage, and clears the goods for export. FOB — Free On Board. The seller’s responsibility ends when the goods pass over the ship’s rail at the named port of shipment. The buyer bears all costs and risks of loss or damage from that moment, contracts and pays for carriage, and clears the goods for export. CFR — Cost and Freight. The seller prepays the cost of carriage to the named port of destination, and clears the goods for export. Risk of cargo loss or damage transfers to the buyer when the goods pass the ship’s rail at the port of shipment. CIF — Cost, Insurance, and Freight. The seller has the same obligations as under CFR, but also must contract and pay for insurance against loss or damage during carriage. CPT — Carriage Paid To. The seller pays for carriage to the named destination, and clears the goods for export. The buyer pays for cargo insurance, and any costs incurred after delivery to the carrier. CIP — Carriage and Insurance Paid To. The seller has the same obligations as under CPT, but also must contract and pay for insurance against loss or damage. DES — Delivered Ex Ship. The seller bears all costs and risks incurred in delivering the goods, uncleared for import, to the named port of destination. DEQ — Delivered Ex Quay. The seller delivers the goods, cleared for import, at the named port of destination. Attaching the term “Duty Paid” indicates that the seller bears all risks and costs of delivery to the named point, including duties and other import charges. Attaching the term “Duty Unpaid” indicates that the buyer must clear the goods for import and pay duties. |
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TEU |
Twenty-foot equivalent unit container. Used to measure a vessel’s capacity.
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Trace |
The act of locating a shipment that has not arrived at destination.
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Transport |
To move traffic from one place to another.
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Transportation |
The movement of traffic from one place to another.
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Transmittal letter |
A letter from the shipper to its agent that lists the particulars of a shipment, the documents being transmitted, and instructions for the disposition of those documents.
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Transshipment |
Shipment 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.
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