Glossary of Sea Freight Terms

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Information about Glossary of Sea Freight Terms
Business & Mgmt

Published on February 25, 2014

Author: tradegalleries



If you are interested in knowing about the different terminologies that are related to transport of freight by sea, then this is the ideal post for you.

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• ABS: This is an abbreviation for American Bureau of Shipping, which is based in United States, and sets the standards for merchant ships and other marine systems. • Addendum: This refers to the list of terms which are listed at the end of the charter party • AIMS: It is an abbreviation for the American Institute of Merchant Shipping • B/D: B/D refers to barrels per day (for production and use of petroleum) • BIMCO: Many ship-owners and brokers belong to the BIMCO, which is known as Baltic and International Maritime Council

• Box: Commonly, this refers to the container that carries the cargo. • Longshoreman: This is an individual who has been employed to work on the cargo. • Boxtime: This refers to the standardized charter time for container ships. • Feeder Ship: The transshipped cargo from one port to the other is handled through a Feeder Ship. • Hazardous Cargo: This is a cargo which has substances that toxic, inflammable or has an otherwise dangerous nature.

Glossary of Sea Freight Terms

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