oceanbridge.co.nz

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Definitions (56)

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ultimate consignee


The ultimate consignee is the person located abroad who is the true party in interest, receiving the export for the designated end-use.
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war/strike clause


An insurance provision that covers loss due to war and/or strike.
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value for customs purposes only


The U.S. Customs Service defines "value for Customs purposes only" as the value submitted on the entry documentation by the importer which may or may not reflect information from the manufacturer but in no way reflects Customs appraisement of the merchandise.
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twenty-foot equivalent unit


TEU is a measure of a ship's cargo-carrying capacity. One TEU measures twenty feet by eight feet by eight feet -- the dimensions of a standard twenty-foot container. An FEU equals two TEUs.
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transshipment


Transshipment refers to the act of sending an exported product through an intermediate country before routing it to the country intended to be its final destination.
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through bill of lading


A single bill of lading covering receipt of the cargo at the point of origin for delivery to the ultimate consignee, using two or more modes of transportation.
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tare weight


The weight of a container and/or packing materials without the weight of the goods it contains.
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roll-on


A type of ship designed to load & discharge cargo which rolls on wheels or tracks.
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shipping mark


The letters, numbers or other symbols placed on the outside of cargo to facilitate identification.
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project cargo


This is a term normal referred to when shipping cargo air or sea, which does not fall within standard methods. Ie over-height, or oversize cargo which requires special equipment and handle.
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