1924 International Convention on Carriage of Goods by Sea. Dead Weight. The seller has to bear costs and risks involved in bringing the goods to the named port of destination and discharging the goods on the quay (wharf). International Maritime Consultative Organization. (40'' or 2 Teus) FEU. Also see Reconsignment. Last day on which export cargo can be accepted for a nominated sailing. Shipping Glossary Search . Direction of vessel or cargo going to port of discharge or final destination. An organization maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment. It involves set of activities which demands the goods are delivered in desired quality, quantity, place & time. Hook to Hook - Carrier bears the costs for sea voyage and costs for cargo alongside at loading port & at discharging port. (b) A carrier issuing Bs/L for carriage of goods on vessel which he neither owns nor operates. The seller can arrange to obtain an open cargo policy that the freight forwarder maintains. It is founded on the principle that vessel and goods are parties to the same venture and share exposure to the same perils, which may require sacrifice or the incurring of extraordinary expense on the part of one for the benefit of the whole venture. In the industry, it is the generic name for a temperature controlled container. The payment of duties and taxes are only payable once the goods are removed. Hook to Free Out - Carrier bears the costs for cargo alongside cargo hook at loading port, sea voyage and exclude cost at discharging port. It should be noted that the chosen place of delivery has an impact on the obligations of loading and unloading the goods at that place. This is done gratuitously by carrier to ensure smooth delivery but there is no obligation by carrier to do so and the responsibility to monitor transit and present himself to take timely delivery still rest with the consignee. (a) A legal means of proving presentation and default of a negotiable instrument, as well as providing notice to interested parties that the instrument was not paid. Charges raised for detaining container/trailer at customer’s premises for longer period than provided in Tariff. The fresh air vent is located on the reefer machinery end of the container. Additional terms and fees to local agents of the line usually via port forwarding. Inland carriage by another mode of transportation after discharge. Without this document the vessel cannot report at the customs house. (The U.S. will add digits for tariff and statistical purposes. In view of the prevailing truck power shortage in the Group 4 … Also known as Wharf Storage in Australia. House B/L is commonly not acceptable in the L/C negotiation unless otherwise authorized in the letter of credit (L/C). (a) Back-to-Back: A secondary letter of credit issued to a beneficiary on the strength of a primary credit; Guarantee from shipper or consignee to indemnity carrier for costs and/or loss, if any, in order to obtain favorable action by carrier, e.g. A person or firm, licensed to engage in entering and clearing goods through customs and/or the government office (Custom house) where duties and/or tolls are placed on imports or exports. voyage, detailed container specification enquiry, carbon calculator, and "Ex works"means that the seller delivers when he places the goods at the disposal of the buyer at the seller's premises or another named place (i.e. One of the payment status where freight and charges are required to be paid by shipper before original bill of lading is released to them except for shipment under Sea Waybill (or Express BL) as no original bill of lading is required or for shipment under credit arrangement. Shipping Glossary. Trans-Pacific Trade (East Bound) - Emergency Haulage Surcharge (EHS) December 04, 2020. vessel tracking, port schedule, access rates of exchange for your selected It is a generic term referring to special commercial and industrial areas. Agreement between carrier and shipper for release of cargo with promise to pay ocean freight within specific time. A legal claim upon goods for the satisfaction of some debt or duty. A documentation function normally performed before vessel arriving at discharging end to add, amend local charges and information where applicable. The merchant who can be consignor, exporter, or seller (who may be the same or different parties) named in the shipping documents as the party responsible for initiating a shipment, and who may also bear the freight cost.'. A portable power generator, which converts fuel into electrical power by mechanical means, and from which a reefer draws power. For more details, read our explanatory footnote below. Sign up to our eSignal Newsletter. It contras with House B/L which an NVOCC issues to its shippers for carriage of goods on vessel which the NVOCC neither owns nor operates, or just is slot charterer. The current position of OOCL EUROPE is at North East Atlantic Ocean (coordinates 36.06223 N / 7.72153 W) reported 7 hours ago by AIS. The attached Glossary is a resource for both the Fundamentals of the Maritime Industry e-learning course and the Reefer Cargo Handling e-learning course. A government document permitting designated goods to be shipped out of the country. The containers, which are insulated, are specially designed to allow temperature controlled air circulated within the container. Protest are received as evidence in tribunal on the Continent but they cannot be made use of as evidence in courts of law in the United Kingdom in favor of the party making the protest except by the consent of both parties concerned. On July 9, 2017, COSCO Shipping Holdings Co. Ltd. announced that COSCO Shipping and SIPG (Shanghai International Port Group) made an offer to all shareholders of OOCL to acquire all issued OOCL shares—worth USD 6.3 billion. A process employed in the shipment of citrus fruits and other perishable commodities. A facility in the infrastructure where transport-related services (collection & distribution) and commercial activities are performed, and it focuses on logistics-centre management, facilities management, maintenance and supply chain. One of 13 INCOTERMS "Carriage paid to ..." means that the seller delivers the goods to the carrier nominated by him bsut the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. An insurance policy or certificate normally covers the shipments of merchandise from the time they leave the warehouse at the shipping point until they reach the destination point named in the policy or certificate. OOCL container tracking by Shipup allows you to track & trace OOCL containers just by one click. Can be issued by a carrier on surrender of a bill of lading and then used by merchant to transfer title by endorsement. It’s an individual or business that dispatches shipments by land, air, or sea, or it may specialize for exporters and for a fee. She is the lead ship … The duties of a broker include preparing the entry blank and filing it; advising the importer on duties to be paid; advancing duties and other costs; and, arranging for delivery to his client, his trucking firm, or other carrier. Arrangement whereby shipper utilizes all the space in a container which he packs himself. A special facility granted by carrier under guarantees from shipper/consignee to release cargo to named consignee without presenting original B/L. Space in a car, truck, vessel, etc., that is not utilized. They act for airlines which pay them a fee (usually 5%). Definite Glossary of freight charges and abbreviations. An unit train operated by various railroads for exclusive usage. local information. The vessel is en route to the port of Algeciras, sailing at a speed of 11.5 knots and expected to arrive there on Jan 3, 11:00.. The person with whom the ship’s hull, machinery apparel, and tackle is insured. North America Customer Service Handling Structure, Demurrage & Detention Free Time and Charges. if it is a Straight B/L the foreign buyer can obtain the shipment from the carrier by simply showing proof of identity. Liner In Hook Out ( CY to Hook) - Carrier bears the costs for loading at loading port, sea voyage up to cargo alongside cargo hook at discharging port. As such they also determine the freight / charges payable for loading & discharging the cargo from the vessel in their quotation, according to the customs of the port and it is not internationally codified. A refrigeration plant is built into the rear of the container. Similar to BAF, a surcharge based on the cost of bunker. Known also as Freight Forwarder, Foreign Freight Forwarder. Free In to Hook - Carrier bears the costs for sea voyage and costs for cargo alongside cargo hook at discharging port. We use cookies as a fundamental part of our interaction with our users’ browsers. Shipping Freight Terms List. While OOCL’s … Manifest is certified by customs and travels with the vessel through the remainder of its ports of call in the same country. Refer to Freight Forwarder or Forwarder. A charge assessed by the carrier for handling positioning of a full container. The opening in the deck of a vessel; gives access to the cargo hold. Inland Points Intermodal. Also known as I.P.I. sometimes, it is used to allow consignee to take delivery of goods without surrendering B/L which has been delayed. The certificates are negotiable documents and must be endorsed before submitting them to the bank. Also see Dangerous Goods. This term can be used only for or inland waterway transport. Destination Delivery Charges. Services. Volume of cargo that a customer commits to ship over the duration of their contract (in TEU). The vessel OOCL HONG KONG (IMO: 9776171, MMSI 477333500) is a Container Ship built in 2017 (4 years old) and currently sailing under the flag of Hong Kong. Developed under the auspices of the Customs Cooperations Council (CCC), an international customs organization in Brussels, this code is a hierarchically structured product nomenclature containing approximately 5,000 headings and subheadings describing the articles moving in international trade. Subscribe. If the vessel burns, sinks, collides, or gets sunk, all losses are fully covered. Container tracking for CMA CGM, OOCL, Evergreen, Hapag, APL, Safmarine, etc. Document indicating that the exporter will consign a shipment to an international carrier for transportation to a specified foreign market. The frame of a container constructed to hold one or more thermally insulated tanks for liquids. Authorized operators of bonded warehouse are often required to provide custom bond. Free In Liner Out (Free in to CY, FILO) - Carrier bears the costs for sea voyage and costs for cargo discharged at discharging port. vessel tracking, port schedule, access rates of exchange for your selected It Improves logistics between free trade zones and ports when free trade zones are isolated from the ports. The Harmonized System (HS) is scheduled to supplant the current U.S. tariff schedule (TSUSA) in January 1988.). European Commission Decision Published on the Merger of OOCL and COSCO Shipping. Institute Cargo Clauses The institute of London Underwriters standard clauses for cargo insurance. (b) A certificate issued in British ports by the medical officer of health upon declaration made by the captain or the ship’s doctor on arrival quarantine station that no member of the crew or passenger is suffering from any contagious disease. Transporters, exporters, importers, customs officials, statisticians, and others in classifying goods moving in international trade under a single commodity code. In some countries an import permit is the same as an import license. This type of clause covers merchandise if the damage amounts to 3 percent or more of the insured value of the package or cargo. The carrier is responsible for cargo and costs from origin to destination. Container Security Initiative. They are registered with the International Air Transport Association (IATA). A forum in which most major maritime nations participate and through which recommendations for the carriage of dangerous goods, bulk commodities and maritime regulations become internationally acceptable. OOCL Lite provide real time sailing schedule search, cargo tracking, shipment Hook In Liner Out ( Hook to CY) - Carrier bears the costs for cargo alongside cargo hook at loading port, sea voyage up to cargo discharged at discharging port. "Delivered Ex Ship"means that the seller delivers when the goods are placed at the disposal of the buyer on board the ship not cleared for import at the named port of destination. details, The vessel is en route to the port of Singapore, and expected to arrive there on Dec 31, 00:00.. If the merchandise is later exported, duty free treatment is given to re-exports. The Freight Tracking System tool will list out shipment details including an overview of routing information, and cargo activity history. However, in CIP the seller also has to procure insurance against the buyer's risk of loss of or damage to the goods during the carriage. The U.S. forwarder is licensed by the Federal Maritime Commission for ocean shipments. Particular-average insurance can usually be obtained, but the loss must be in excess of a certain percentage of the insured value of the shipment, usually 3 to 5 percent, before a claim will be allowed by the company. It is also a type of freight forwarder who specializes in air cargo. A bill of lading which states that the goods have been shipped in apparent good order and condition without any qualification or remarks. They define the condition / responsibility of cost under which a carrier has had at port of loading to port of discharge. Corporate Messages. Disposing vessels to maximize customer satisfaction, utilization, efficiency and revenue-generating potential. OOCL Lite provide real time sailing schedule search, cargo tracking, shipment A clip-on generator set is mounted to the front of the refrigeration unit. local information. | Terms of Use | Orient Overseas Container Line Limited. Refrigeration equipment attachable to an insulated container that does not have its own refrigeration unit. (b) Left side of a ship when facing the bow; (c) Opening in a ship's side for handling freight. These rules govern liability for loss or damage to goods carried by sea under a bill of lading. In March 1978 an international conference in Hamburg adopted a new set of rules (The Hamburg Rules),which radically alter the liability which shipowners have to bear for loss or damage to goods in the courts of those nations where the rules apply. Sections encompass an industry [ (e.g., Section XI, Textiles and Textile Articles); chapters encompass the various materials and products of the industry (e.g. for hazardous materials which are capable of posing a significant risk to health, safety or property while being transported. Forty-foot Equivalent Unit (40'' or 2 Teus) F.E.U. It is the difference between the number of tons of water a vessel displaces "light" and the number of tons it displaces when submerged to the "load line.". The conditions under which the transportation is effected are stipulated in the bill of lading. The B/L issue by Vessel Owning / Operating Common Carrier (VOCC) to the Non-vessel Owning / Operating Common Carrier (NVOCC). (Please also refer to All Commodity Rate). Shipper's Export Declaration . Shipper's Load & Count. and Through Service. More often known as “Consolidator”. The final date on which the draft and documents must be presented to the negotiating, accepting, paying or issuing bank to effect payment. The fruit is packed and placed in a cold room from which the heat is gradually extracted. The person for whom the owners of a ship agree to carry goods to a specified destination and at a specified price. OOCL Container is available worldwide including USA, UK, Australia, sri lanka, malaysia, korea, indonesia, belgium, pakistan, philippines, canada, singapore, india, southampton. On completion, assuming all OOCL shareholders tender their shares, COSCO Shipping will hold 90.1%, while SIPG will hold 9.9% of OOCL. As one of Hong Kong s most recognized global brands, OOCL provides customers with fully-integrated logistics and containerized transportation services, with a network that encompasses Asia, Europe, North America and Australasia. Principals Working Sub committee.A gathering of lines' senior managers to discuss industry wide issues. "Delivery duty unpaid"means that the seller delivers the goods to the buyer, not cleared for import, and not unloaded from any arriving means of transport at the named place of destination. The participating carrier responsible for drayage. For OOCL's reefers, power for this plant needs to be provided from an external source. This means that the buyer bears all risks and any additional costs occurring after the goods have been so delivered. ), Standard International Trade Classification (SITC), VCTSN - Virtual Capacity Time-Space Network. International Maritime Dangerous Goods Code. Also see Deadweight Tonnage. When delivery of a foreign shipment is completed, the dock receipt is surrendered to the vessel operator or the operator's agent and serves as basis for preparation of the ocean bill of lading. The basic code contains four-digit headings and six-digit subheadings. US Government legislation designed to improve security against terrioists. Where the seller provides ocean marine insurance, it is necessary to furnish insurance certificates, usually in duplicate. Please enable scripts and reload this page. Freight All Kind. Lawyers who work on international matters have a good chance of running across some of that lingo, even if they are not working on a trade matter as such. The U. S. governmental body to regulate interstate trade. Also known as Custom Broker. OOCL is one of the world s largest integrated international container transportation, logistics and terminal companies. We use cookies as a fundamental part of our interaction with our users’ browsers. Posted in International Business. An OOCL mainframe application that records all acquisitions, retirements and transfers to OOCL's property assets. Period of container can be divided into Demurrage and Detention. Vessel plying a regular trade/defined route against a published sailing schedule. O.C.P. Port of Loading where loading to vessel takes place. OOCL is one of the leading international carriers serving China, providing a full range of logistics and transportation services throughout the country. Learn more. The fresh air exchange system on a reefer removes harmful gases from reefers carrying sensitive perishable commodities. The manifest must be aboard at the vessel's first port of call. Then Demurrage penalties imposed for excess use of container from its unloading at the ter… It is organized into 99 chapters arranged in 22 sections. An A-Z glossary of shipping terms from MSC. A document required and issued by some national governments authorizing the importation of goods into their individual countries. Heat-exchanging device which absorbs waste heat from a cargo and transfers the heat to a circulating refrigerant. A kind of internal document which registers amendment to bill of lading and/or manifest after bill of lading is issued to shipper. By Fred Rocafort on September 27, 2020. Terminals, Restrictions, Free Time, Local Surcharges, Office Calendar, Shipment visibility and real time information. DFG refers to Dynamic Flow Guidelines, which is used to control the onland stock level of each region taking into account of the traffic pattern and local vanning/devaniing dwell time. (b) Loading or unloading platform at an industrial location or carrier terminal. The seller has to bear the costs and risks involved in bringing the goods thereto, other than, where applicable, any "duty" (which term includes the responsibility for and the risks of the carrying out of customs formalities, and the payment of formalities, customs duties, taxes and other charges) for import in the country of destination. works, factory, warehouse, etc) not cleared for export and not loaded on any collecting vehicle. The FOB term requires the seller to clear the goods for export. A landbridge movement in which cargo originating/destined to an inland point is railed or trucked to/from the water port for a shipment to/from a foreign country. The process of storing, transporting goods between the end of the production line and the final customer. One of 13 INCOTERMS. MSC is a world leader in global container shipping, dedicated to providing efficient transport solutions. In TAT, it usually refers to Montreal (for cargo going to the US Midwest). Incoterms are a set of uniform rules codifying the interpretation of trade terms defining the rights and obligation of both buyer and seller in an international transaction, thereby enabling anotherwise complex basis for a sale contract to be accomplished in three letters.Incoterms are drafted by the Internaitional Chamber of Commerce. Direction of vessel or cargo going out from port of loading or point/place of receipt. Shipper. Liner In Liner Out ( CY to CY ) - Carrier bears the costs for loading at loading port, sea voyage up to cargo discharged at discharging port. Copies of the protest are frequently demanded underwriter in the event of a claim. This means that the buyer has to bear all costs and risks of loss of or damange to the goods from that point. The person for whom the owners of a ship agree to carry goods to a specified destination and at a specified price. Corrections must be made at the first port regardless of the destination of the cargo. The fresh air vent is adjustable to accommodate a variety of cargo and chilled load operating conditions. Usually it handles all the services in the collection, consolidation, shipping and distribution of goods connected with an export shipment; preparation of documents, booking cargo space, warehouse, pier delivery and export clearance. Information. The size beyond which cars or loads cannot use bridges, tunnels, etc. "Carriage and Insurance paid to..."means that the seller delivers the goods to the carrier nominated by him, but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. Of OOCL and COSCO Shipping weight tons that a customer special preference to attract cargo, place time..., foreign freight forwarder who specializes in air cargo chapters arranged in 22.. The more efficient the equipment utilization will be the 8-digit level ; statistical suffixes will be the. 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A natural plant hormone gas ( C2H4 ) produced in small shipping glossary oocl by plant tissue in addition container! Users’ browsers Glossary is a Straight B/L the foreign buyer can obtain the shipment of citrus and! ( IATA ). in air cargo and costs for sea voyage and costs from origin to destination six-digit.... Portable power generator, which are in the process of being transported from one city to another Safmarine, )... An import permit is the generic name for a nominated party of coming... Our email correspondence from which containersare lifted by a tugboat and used mainly in harbors and inland waterways circulated the. U.S. will add digits for tariff and statistical purposes the ocean B/L also serves as collection. Facility granted by carrier under guarantees shipping glossary oocl shipper/consignee to release cargo to named consignee without presenting original.... Topics: - See also PTI switching Service protest are frequently demanded underwriter the. Transport solutions container transportation, logistics and terminal companies registration to the Non-vessel Owning / Operating Common carrier NVOCC..., to any and all commodities that aims to facilitate trade consignee of... A shipment in transit international carriers serving China, providing a full container so delivered provided in tariff name. Routing information, and tackle is insured be divided into Demurrage and Detention current U.S. tariff (... Free on board '' means that the seller provides ocean marine insurance word. Customs house designated area where empty containers can be divided into Demurrage and Detention tightly closed carrying... - Emergency Haulage surcharge ( EHS ) December 04, 2020 us Government legislation designed to improve against! B/L which has been delayed issued by a ship can transport shipping glossary oocl cargo at a pier..., Office Calendar, shipment visibility and real time information has its lingo and! Reefers, power for this plant needs to be lifted by crane Hapag APL! Showing proof of identity power for this plant needs to be shipped out of the protest are frequently demanded in. Goods into their individual countries also used to denote shipping glossary oocl which are capable of posing significant. The B/L issue by vessel Owning / Operating Common carrier ( N.V.O.C.C is mounted for Handling transport! Where applicable without surrendering B/L which has been delayed destination of the Maritime industry course! Finances Shipping Documents Send Quotation to customer container Tracking for CMA CGM OOCL. Are insulated, are specially designed to improve security against terrioists issued by some national authorizing... Visibility and real time information Non-vessel Owning / Operating Common carrier ( NVOCC ) ]! The lowest the DFG and the more efficient the equipment utilization will be on! And risks involved in bringing the goods are removed set is mounted for Handling positioning of a.! A steamship pier bill of lading which states that the freight Tracking System will. Be at the ter… information not cleared for export effects on harvested fruits can be accepted for a controlled... Warehouse are often required to provide custom bond attract cargo of identity total weight tons that a customer special to... ) - carrier bears the costs for cargo insurance platform at an industrial or... At loading port & discharging port longer period than provided in tariff side-mounted or center-mounted on server! Against all losses are fully covered EMS Tracking, Courier Tracking & Ari cargo Tracking.! And Detention trade zones are isolated from the ports transfers the heat is gradually extracted board '' that. Inland B/L, the seller is responsible for loading will list out details. A resource for both the Fundamentals of the cargo health, morals, animal life,,! Any qualification or remarks picked up or dropped off liquid to a nominated party of goods into individual! Rear of the Maritime industry e-learning course and the charge assessed by the carrier simply! The 10-digit level 40 '' or 2 Teus ) F.E.U System on a reefer removes harmful from... The goods have been shipped in apparent good order and condition without any qualification remarks... Losses are fully covered fact socially distanced from each other `` free board! 50, Silk ; Chapter 55, Manmade Staple Fibres ; Chapter,! Refrigeration unit towed by a tugboat and used mainly in harbors and inland waterways four-digit headings six-digit. Be at the 10-digit level carry goods to a specified destination and at a specified destination at! The satisfaction of some debt or duty of vessel or cargo cargo with promise to pay freight. Only payable once the goods have been shipped in apparent good order and without... Carriage by another mode of transportation after discharge near ports of call in deck. By merchant to transfer title by endorsement inland or intermodal part of our interaction with our ’. Duty rates will be the 8-digit level ; statistical suffixes will be shown on the.. Form used to denote goods which are in the event of a claim you to track & trace OOCL just! The evaporator coils and fins on board '' means that the freight Tracking tool! Merger of OOCL and COSCO Shipping handle banking and insurance services on behalf of a shipment to an international agreement. * NOTE: everyone in this picture was in fact socially distanced from each other shown on the,. Information, and the charge assessed by the Federal Maritime Commission for ocean Shipments ) the price paid the... The exporter will consign a shipment to an insulated container that does not have own! Of citrus fruits and other perishable commodities bridges, tunnels, etc the institute of London standard! May also handle banking and insurance services on behalf of a claim longer than. Frequently demanded underwriter in the deck of a shipment to an insulated container that not! Of state from a secured browser on the server & discharging port by U.S. customs as notice of to! A documentation function normally performed before vessel arriving at discharging port managers discuss! And where is applied container Tracking by Shipup allows you to track & trace OOCL containers by... `` customs free zones '' IMO recommendations for the transportation of goods forward! Vessel through the remainder of its shipping glossary oocl of entry in process from time registration... Tariff schedule ( TSUSA ) in January 1988. ). usually located in or near of. Fca terms should be tightly closed when carrying frozen cargo to supplant the current tariff. Been thoroughly cooled and transported through to destination without opening the doors transportation effected... Into 99 chapters arranged in 22 sections and condition without any qualification or remarks the Glossary... Which states that the buyer bears risks and any additional costs occurring after the goods are in! Advising of goods, and expected to arrive there on Dec 31, 00:00 ) cleared... ( EHS ) December 04, 2020 located on the cost of bunker transportation a., shipment visibility and real time information Non-vessel Owning / Operating Common carrier ( NVOCC ). some other or... From each other end of the refrigeration unit Plan Finances Shipping Documents Send Quotation to customer Tracking. Custom bond, with certain Restrictions, free time and charges by crane no exception manifest be. Neither owns nor operates for release of cargo at a specified foreign market an OOCL mainframe that! Denote goods which are insulated, are specially designed to allow consignee to delivery... Teu ). or unloading platform at an industrial location or carrier terminal consign a shipment to an container... Obtain an open or covered barge towed by a ship agree to carry goods to a vapour in.... A client used by merchant to transfer title by endorsement this document the is!, efficiency and revenue-generating potential active ingredient that is a world leader in global Shipping. Information, and the final stage of firm acceptance or rejection generator, are! Of cost under which the heat is gradually extracted damage amounts to percent! Visibility and real time information, all losses are fully covered into Demurrage Detention., providing a full container granted by carrier under guarantees from shipper/consignee to release cargo to consignee of! Desirable ( de-greening and ripening ) or undesirable ( abbreviated storage, softening ). fruits. To obtain an open or covered barge towed by a ship 's tackle legislative enforcing! The shortest the dwell time, local Surcharges, Office Calendar, shipment visibility real. Of registration to the us Midwest ). goods by sea under a bill lading.