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A

ABS American Bureau of Shipping
Act of God Accident arising from physical causes (lightning, earthquakes, hurricanes etc) and not of human generation.
Ad Valorem Latin for "According to the value". When the shipper wishes to increase a carriers liability beyond the liability stated in the terms of the Bill of Lading, he states the actual value of the cargo. Freight based on value of the cargo, rather than on its weight or its cubic measurement.
Agency Fee Fee payable by a shipowner or ship operator to a port agent whose duties may include arranging a berth with the port authority, ordering pilots, tugs and labour, entering the ship in at Customs and collecting freight.
Agent A company appointed to act as an intermediary on behalf of his principal.
Auto & RoRo New cars plus rolling cargoes like tractors, buses, high trailers, excavators etc. Defined together as vehicles.
Allocation Distribution, Assignment. To distribute and assign each party his/her share of the space on a vessel.
Allotment See and use the term Allocation. In WW the term "allocation" is used.
Also notify Also notify is used on a B/L when there are more than one party to be contacted regarding delivery of cargo. E.g. in case of LCL.
Anchorage                 That portion of a harbour (or designated areas outside of harbours), in which ships are permitted to lie at anchor
AOT Advanced oxidation Technology. Ballast water treatment technology developed by Wallenius Water and Alfa Laval.
ARR Arrived

 

B

Bill Type  WWL uses different types of transport documents such as negotiable bill of lading and sea waybill. Bill type indicates which document to be used.
B/L Bill of Lading
BAF Bunker Adjustment Factor
Barge River transportation
Bilge Water Water contaminated with oil and chemicals, and accumulated in the bilge of a ship
Bill of Lading Document issued by a Carrier to a shipper of goods. It serves as a receipt for the goods, evidence of the contract of carriage and document of title.
Bill of Lading Accomplished Original Bill of Lading which has been surrendered to the carrying ship at the discharge port in exchange for the goods.
Bill of Lading Clean The face of a clean B/L bears no superimposed notation specifying any defect to the cargo or its packing; it indicates that the cargo has been received by the ship in apparent good order and condition. Clean bills of lading are often required by banks that use them as collateral security against money advance for the purchase of the goods described therein.
Bill of Lading Code A 3-character code used in the preparation of documentation on trade to and from the USA. It identifies the vessel/voyage and ensures that B/L numbers are unique in a 10-year period. The first character identifies the year (8=1998), the second the month (A=January) and the third is sequential identifier of the voyages within the month (A=1st voyage, B2nd, etc).
Bill of Lading Copy Reproduction of a bill of lading intended to be used for administrative purposes only and not for taking delivery of the goods or transferring title to them.
Bill of lading Groupage Bill of Lading, issued by a carrier to a forwarding agent or consolidator, which covers consignments from various shippers for the same destination which have been consolidated into one consignment by the forwarding agent. Each shipper receives a House Bill of Lading from the forwarding agent covering his consignment.
Bill of Lading House Bill of Lading issued by a forwarding agent to a shipper covering a consignment, which the forwarding agent has grouped with consignments from other shippers to the same destination. The forwarding agent receives one Groupage Bill of Lading from the carrier, which covers all the consignments.
Bill of Lading Original Bill of Lading which bears the original signature of the master of a ship or his agent. It is exchanged for the goods at the place of destination of the contract of carriage.
Bill of Lading Shipped Bill of Lading issued when the goods have been loaded on board the ship. This type of Bill of Lading, which must contain a reference to the goods having been shipped on board, is often required by banks who advance money using the Bill of Lading as collateral security and who wish to be satisfied that the goods are on board the ship.
Bill of Lading Through Bill of lading issued by a Carrier for a voyage requiring pre-or/and on-carriage, thus involving at least one transshipment. Under a through B/L, the Carrier undertakes the responsibility for the goods during the ocean part of the voyage, and acts as an agent for the pre-and/or on-carriage. Often referred to simply as a through bill.
Bill of Lading, Shipped ("on board") Bill of lading issued when the goods have been loaded on board the ship. This type of bill of lading, which must contain a reference to the goods having been shipped "On board", is often required by banks who advance money using the bill of lading as collateral security and who wish to be satisfied that the goods are on board the ship.
BIMCO Baltic and International Maritime Council. A Copenhagen based organisation to which many shipowners belong. The organisation represents their interests and assists by preparing standard charter parties and other shipping documents and providing other advisory services.
Biocides Substances, such as organotin tributyltin (TBT) compounds, that are destructive to many different organisms
Bolster Flatbed Normally a 20 ft container bottom/platform with no sides or short ends. Used mainly to unitise breakbulk cargo, specially on the RoRo vessels.
Bonded Warehouse A place of security approved for the deposit, keeping and securing of goods liable to excise duty without payment of duty.
Booking (cargo) Arrangements made by shipper or forwarder with the carrier to reserve space on a vessel for the carriage of cargo.
Bottom paints Used to treat the underwater hull of a vessel to prevent fouling, which reduces vessel speed and increases fuel consumption and emissions. Also known as anti-fouling paints.
Box Colloquial name for container.
Boxtime A standard BIMCO time charter for containerships.
Branch Office Office which is 100% owned by Wallenius Wilhelmsen.
Break-Bulk Cargo Goods shipped loose in the vessel's hold and not in a container. Also referred to as Non-Containerised Cargo (NCC) and static cargo.
Bunker quality type Identifies the type of fuel each vessel is using.
BV Bureau Veritas. French society for classification of vessels.
BWE Ballast Water Exchange method. Exchange ballast water when ship is in open waters

 

C

C&F Cost and Freight.
CABAF Currency and Bunker Adjustment Factor
CAF Currency Adjustment Factor.
Car Deck Deck with free height up to 1,70 m.
Cargo Categories Vehicles, other RoRo and Static Cargo and containerised cargo are the three WW external cargo categories.
Cargo Claim A written demand for a specific or determinable amount of money for loss of or damage to and identifiable shipment for which a customer is holding the carrier responsible.
Cargo Class "The four major classes of cargoes: Auto, High&Heavy(H&H), Non-Containerised cargo(NCC) and Containers.
Cargo Manifest Commonly refers to a manifest which does not reflect charges, but rather only lists cargoes (unfreigthed manifest).
Cargo related costs Cargo related cost items i.e. Percentage commissions, Loading, Discharging, Transshipment.
Carrier An individual company or corporation engaged in the transportation of goods.
Carrier haulage The carrier (line) undertakes the local transportation of cargo.
CBU Completely Built-up Unit
CEU Car equivalent units
CFS Container Freight Station. Place for packing and unpacking LCL consignments (Variously known as CFR).
Charge "A cost imposed to compensate for expenses, e.g. CAF, BAF, THC and any local charges."
Charter Party Contract for the hire of a ship or space in a ship.
Chassis Normally a cargo unit with or without the drivers cabin but no cargo platform.
CIF Cost, Insurance and Freight. Designates that the cargo is carried free of charge for the buyer; seller pays all transportation costs.
CIM Uniform rules concerning the contract for International Carriage of Goods by Rail.
CKD Completely knocked down. Vehicles shipped as parts in cases for assembly at destination.
Claims Adjuster The party who handles the claim on the account of the carrier.
CMR The convention on the International Carriage of Goods by Road.
CMS Content Management System (for web publishing)
CO2 Carbon Dioxide. Naturally occurring gas that also forms when fossil fuels are burned. Contributes to global warming.
COD Change of destination
COGSA The US Carriage of Goods by Sea Act (COGSA) adopts the structures of the Harter Act as contained in the Hague Rules of 1924 (the Hague Rules). The Hague Rules establish minimum terms and conditions for bills of lading covering the maritime transport of goods.
Commodity Codes UN harmonized codes, SITC etc.
ConRo Abbreviation for RoRo vessels with Container capacity
Consignee Person to whom goods are to be delivered by the carrier at the place of delivery.
Consignment Goods which are placed in the care of a carrier for delivery to a person known as a consignee.
Consolidator transport Provides services to group and arrange shipment of goods by land, sea or air.
Container A 20-, 40, or 45-foot aluminium or steel rectangular box, consisting of a rigid framework of squared metal tubes with sections of corrugated sheet metal welded into place as the root and walls on three sides. There are two metal doors on the fourth side (one short side of the rectangle, which when locked provide a watertight seal.) The floor is usually hardwood, bolted onto metal framework.
Container Management The activity and/or process that takes place to manage the flow and expense of Containers.
Containerised Cargo Cargo which is shipped in a Container. One of the three external WW cargo categories.
Contract A mutually signed agreement with a customer whereby both parties agree to certain terms, conditions and performance requirements.
Contracting The process that is undertaken within Commercial Division to develop a contract with a customer.
Cooling agents General term for substances used in refrigerating plants, such as chlorofluorocarbons (CFCs), hydrochlrorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs). General term - freons.
Correction voucher See Manifest Corrector
Customer A customer is one who receives an advice. A service or a product from the company. An internal customer is one who receives an advice, a service or a product in an internal process. An external customer is referred to as the Customer.
Customer Booking The activity that takes place when a customer places a request (verbal or written) for space.
Customs Clearance Process(es) to obtain permission from Customs Authorities for goods to be brought into or out of a country.
CY/CY Container Yard to Container Yard. Container moves inland through ports.

 

D

Damage prevention Measures, analysis, precautions, training and routines set-up in order to prevent any damages to occur, and improve performance of damage related activities.
Data freight Receipt (DFR) A term sometimes used to refer to a Sea Waybill. See Sea Waybill.
DC Dry Container
Delivered Sales term denoting that the seller is responsible for arranging and paying for the carriage of the goods to the place agreed in the contract. The seller bears the risk of loss or damage to the goods until they are delivered to that place. The contract should specify whether it is the buyers or sellers responsibility to arrange Customs clearance and pay any import duty. Also referred to as free delivered and franco domicile.
Delivery (of cargo) The conveying of goods by a carrier to the receiver or bill of lading holder at the place of delivery in the contract of carriage.
Demurrage The vessel is considered as on demurrage, when the charterer/shipper or receiver, fails to complete loading/discharge within time allowed according to charter-party/scheduled time of departure. Demurrage is also the term used to describe the compensation paid for such delay.
DEP Departure
Depot Container Safety Certification
Detention Seizure or detaining of a vessel by public or quasi-public bodies for not complying with safety requirements, collision regulations, or payment of dues for failure to carry required documents.
Dimensions Physical dimensions of cargo. Weight (Wt) in metric tonnes; Length (L), Width (W) and Height (H) in metres.
Discharge To remove or unload cargo from vessel.
DNV Det Norske Veritas - a Norwegian classification and certification organisation.
Dockage Charge levied against the vessel for berthing space.
DWT Deadweight or deadweight all told. Difference between a ship's loaded and light discplacements, consisting of the total weight of cargo, fuel, fresh water, stores and crew which a ship can carry when immersed to a particular load line, normally her summer loadline. The deadweight is expressed in tons.

 

E

Environment Surroundings in which WWL operates, including air, water, land, natural resources, flora, fauna, humans and their interrelation
Environmental Aspect Element of WWL activities, products or services that can interact with the environment.
Environmental Impact Any change to the environment, whether adverse or beneficial, wholly or partially resulting from WWL's activities, products or services
Environmental Objective An overall environmental goal, arising from the environmental policy that WWL sets itself to achieve, and which is quantified where practicable
Environmental Policy A statement by WWL of its intentions and principles in relation to its overall environmental performance that provides a framework for action and for the setting of its environmental objectives and targets.
EFAF Emergency fuel adjustment factor
EMS Environmental Management System. A tool for structuring and assuring a company's environmental work.
Environmental Target A detailed performance requirement, quantified where practicable, applicable to the organisation or parts thereof, that arises from the environmental objectives and that needs to be set and met in order to achieve those objectives.
Equipment Managment The activity and/or process that takes place to manage the use and expense of operational equipment such as roll-trailers and bolsters.
ETA Estimated Time of Arrival
ETD Estimated Time of Departure
ETS Estimated Time of Sailing
Ex Quay Sales term denoting that the seller is responsible for arranging and paying for the carriage of the goods, to be agreed port of destination and for maikng them available on the quay to the buyer, at which time the risk of loss or damage to the goods generally passes from seller to the buyer.
Ex ship Sales term denoting that the seller is responsible for arranging and paying for the carriage of the goods to the agreed port of destination where the buyer is responsible for their discharge from the ship. The risk of loss or damage to the goods generally passes from seller to buyer, when the ship has arrived at the discharge port and the goods are available for unloading.
Ex works Sales term denoting that the seller is responsible for making the goods available at his works or factory. The buyer bears the cost of loading the goods on to the vehicle(s) and delivering the goods to the destination. The risk of loss or damage to the goods generally passes from the seller to the buyer at the time that they are made available.

 

F

FCL Full Container Load
Feeder transporter Arranges short sea transportations.
FEU Forty Foot Equivalent Unit (container). (Same as two TEU)
FIS Free Insurance and Freight
Flag Nationality of a ship, i.e. the country in which it is registered.
Flatrack Normally an open cargo unit of 20 ft or 40 ft size with only foldable short ends. Width normally 8 ft and heights 8 or 9 ft.
FMC Federal Maritime Commission. American independent control authority regulating liner services to and from the USA.
FOB Free on-board
Forklift Vehicle used for lifting and handling containers and other cargo.
Forwarder A licensed agent whom a shipper or consignee hires to complete the documentation and operational steps necessary to ship goods.
Freight Amount of money paid to a shipowner or shipping line for the carriage of cargo. Depending on the type of contract, the particular terms, and in some cases, the custom of the ports involved, the freight may include the cost of loading and/or discharging the cargo or may simply cover the ocean carriage.
Freight Forwarder Person or company who arranges the carriage of goods and the associated formalities on behalf of a shipper. The duties of a forwarder include booking space on a ship, providing all the necessary documentation and arranging Customs clearance.
Freight Statement - FS Form used for reporting of collectable freights per voyage and per port/market area. Part of the General Account.
Fuel cell An electrochemical energy conversion device that uses hydrogen and oxygen or methanol to generate electricity. Its only by-products are water and heat.

 

G

GP General Purpose (container)
Groupage Consolidation of several LCL (less than one container load) consignments into a container.
GT Gross tonnage. A figure representing the total of al the enclosed spaces within a ship, arrived at by means of a formula which has as its basis the volume measured in cubic metres. 1 register ton = 2,83 cbm. The gross tonnage has replaced the gross register tonnage. See also NT.
Guideline Recommended ways of executing activities.
Guidelines Rates A list of agreed rates and charges which are not public. May be made available to potential customers with discretion, but not necessarily all cargo types that can be handled. These rates and charges are market related and issued internally to allow fast, market related quotations to customers.

 

H

H&H High and heavy cargo
Handling Indicator Identifies how the cargo must be handled at loading or unloading.
Hauge Visby Rules (HVR) Rules governing the carriage of goods by sea and identifying the rights and responsibilities of carriers and owners of cargo.
HC High Cube Container
Heavy Lift Trailer Trailer with capacities for very heavy cargo, e.g. the WW Samson Trailer with cargo up to 170 tons.
HFO Heavy Fuel Oil. Fuel that remains after refining crude oil. During combustion it creates emissions of CO2, SO2 and Nox
HH Deck Decks with free height above 2,20 m and with ample deck strengths.
High & Heavy (H&H) Term for Rolling cargoes, which cannot be stowed in Car/High Sided Vehicle Decks due to their height and/or weight.
High Sided Vehicle (HSV) A wheeled vehicle (vans, pick-ups, 4*4) with two axles, height between 1,601 and 2,15 meters and low weight (normally no greater than 1,500 kg per axle).
High Value Cargo Project cargoes, machine tools, break-bulk
Homologation Where a car has to be brought up to a specification for a particular country. Perhaps adding an extra break light, or replacing glass with glass that meets the legal standards in the country to which the car is being imported.
HSV Deck Decks with free height up to 2,20 m.
Hub A designated port and/or place within a wider geographic area used as a consolidation point for cargoes that are to be carried to other ports or inland destinations. The Hub is typically serviced by extensive WWL services in many trades enabling cost efficient activities with shortest possible lead-time.

 

I

IMDG Code International Maritime Dangerous Goods Code. The IMO recommendations for the carriage of dangerous goods by sea.
IMO International Maritime Organisation. The UN Body charged with the duty of making safety and anti-pollution conventions and recommendations concerning sea transport.
INCOTERMS International Rules for the Interpretation of Trade Terms. A list of standard terms for foreign trade contracts compiled by ICC. Current edition is 2010.
Inland haulage Overland movement of other cargo than containers.
Instruction Detailed description of how an activity shall be executed.
Integrated Transport Total transportation service from factory-door direct to end destination.
Intermodal Overland movement of cargoes.

 

L

Landbased Activities Any work carried out for a customer that does not involve an ocean transport. For example delivery by truck from Port of Discharge to dealer, or any PDI, Homologation or Refurbishment.
Lane Meter Unit of measure for rolling stock. Equivalent to 1 meter length of deck space with a width of 2,5 meters.
Lashings The means of securing cargo to the decks of vessels to prevent movement during transit. Usually with webbing straps or chains.
Layer Identifies in how many layers the cargo may be stacked. Usually applies to pallets, boxed cargo etc.
LBP Length Between Perpendiculars. Refers to the length of a vessel along the waterline from the forward surface of the stem, or main bow perpendicular member, to the after surface of the sternpost, or main stern perpendicular member.
LCL Less than container Load.
LCTC Large Car and Truck Carrier
LFO Low-sulphur Fuel Oil. Alternative fuel with lower sulphur content than heavy fuel oil. Reduces emissions of sulphur dioxide (SO2) to the air.
Liner Waybill See Sea Waybill
LOA Length Overall. The maximum length of a vessel's hull measured parallel to the waterline
Logistics The part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to meet customers' requirements. Ref: The Council of Logistics Management
LoLo Denotes a vessel on which the cargo has to be lifted on and off.
Long term forecast (LTF) Forecast of shipment volumes covering a period of 6 months.

 

M

MAFI A low bed roll trailer used to transport cargo in RoRo vessels. See Roll-trailer.
Main Deck The entrance deck that is able to carry the highest and heaviest cargo as per each vessels own specification.
Manifest A document listing all of the cargo stowed aboard a vessel, usually broken down by port of unloading. The manifest summarises the individual Bills of Lading issued for each consignment and is customarily provided to customs authorities for inspection upon landing.
Manifest Corrector (MC) A document which allows for altering of manifest information, once the manifest has been issued and/or completed.
MUA Maritime Union Association (of Australia)

 

N

N.V.O.C.C. Non Vessel Owning Common Carrier. Person or company, often a forwarding agent, who does not own or operate the carrying ship but who contracts with a shipping line for the carriage of the goods of third parties to whom he normally issues a House Bill of Lading.
NCC Non Containerised Cargo. Categorised as Static Cargo.
NIS Norwegian International Ship Registry
Nonconformity The nonfulfilment of specified requirements.
Noncontainerised See Static Cargo
Notify Party Party, whose name and address appear in a Bill of Lading, which is to be notified by the shipping company or its agent of the arrival of the goods at the discharge port. The notify party is often an agent for the receiver of the goods who arranges for their clearance and transport to the receiver’s premises. There is normally a box on the Bill of Lading into which the details of the notify party are inserted.
NOX Nitrogen oxides.  General term for NO, N2O and NO2 formed during combustion. Causes health problems, acidification, eutrophication and damage to the ozone layer.
NT Net tonnage. A figure representing the total of all the enclosed spaces within a ship available for cargo, arrived at by means of a formula which has as its basis the volume measured in cubic metres. 1 register ton = 2,83 cbm. The net tonnage has replaced the net register tonnage. See also GT.

 

O

Owner Identifies the physical owner of each vessel.
Owners expenses Expenses related to ordinary maintenance of the vessel (including docking), crew, stores, luboil, class maintenance & renewal.

 

P

Payer collect "Payer of charges payable after B/L is released to shipper, or cargo is shipped."
Payer prepaid "Payer of charges payable prior to B/L is released to shipper, or cargo is shipped."
PCC Pure Car Carrier
PCTC Pure Car and Truck Carrier
PDI Pre Delivery Inspection. Included in vehicle processing.
Pilotage Charge for pilot service.
Place of Payment PoP. Port/place where the charges of a Bill of Lading is payable.
Pre-carriage Carriage of cargo to the port or place where it is to be loaded on to an ocean-going or sea-going vessel,(WWL operated) by another means of transport such as short-sea vessel, truck, train or barge. This movement is often sub-contracted by the ocean-carrier to another company and it is important for the shipper or receiver to determine which carrier is responsible for any loss or damage.(Defined in WWL Bs/L.)
Prevention of pollution The use of processes, practices, materials or products that avoid, reduce or control pollution, which may include recycling, treatment, process changes, control mechanisms, efficient use of resources and material substitution. The potential benefits of prevention of pollution include the reduction of adverse environmental impacts, improved efficiently and reduced costs.
Pricing Product/Service price setting including the parameters used for calculating price rate.
Priority Customer's priority on cargo loading/discharging.
Pro-active Improvement An initiative to improve something that "is not broken" but could in fact become better.
Pure Ballast See AOT

 

Q

Quality The totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs. This implies meeting customer requirements both internally and externally.
Quality Assurance The part of Quality Management focusing on providing confidence that Quality requirements will be fulfilled.
Quality Audit A systematic and independent examination to determine whether quality activities and related results comply with planned arrangements and whether these arrangements are implemented effectively and are suitable to achieve objectives.
Quality Management Coordination of activities that provide direction and control for WWL with regard to Quality.

 

R

Rate Basis The measure basis used to calculate a rate (e.g. weight, cubic measure etc.)
RFI Request for Information
RFQ Request for Quote
Rolling Cargo Cargo on own wheels, self- or non self-propelled.
Rolltrailer Trailer used to load static or non self-propelled cargo. Rolltrailer use may be temporary, that is just for loading and unloading with the cargo being lifted on and off the trailer on board the vessel, or permanent, with the cargo remaining on the trailer for the voyage. Rolltrailers are often referred to as mafi’s, mafi being the first brand name.
RoRo (Vessel) Abbreviation for WWL Mark IV and V vessels
RoRo (Cargo) See High & Heavy.
Rotation The sequence in which a ship calls at the ports on a voyage.
Route Voyages operated and services performed within a specific Trade lane, is North Atlantic Service (which operates within the Europe to North America Trade).
RT (RT43 &RT 83) A unit of size in square metres designed to be the equivalent of 1 car including required stowage surrounding stowage space. One RT43 unit = 7.38975 m2 and is based on 1967 model of Toyota Corona. RT43 (without stowage surroundings) is also an accepted measure used to describe a vessel’s total capacity. RT83 is based on a more recent car size and is used on cargo loaded in Japanese ports.
RTV Return to vendor
RTW (Service) Round the World

 

S

SCM See Supply Chain Management
Sea Waybill Document, issued by the Carrier to a shipper, which serves as a receipt for the goods and evidence of the contract of carriage. In these respects it resembles a bill of lading but, unlike a bill of lading, it is not a document of title; it bears the name of the consignee who has only to identify himself in order to take delivery of the cargo. Because it is not negotiable, the liner waybill is not acceptable to banks as collateral security. The purpose of the sea waybill is to avoid the delays.
Self-propelled cargo Vehicles with own, workable propulsion.
Service The service performed for customers on a specific route.
Service Contract See Contract
Shift (cargo) All movements or repositioning of cargo, excluding loading and discharge, either only onboard or onboard to shore and back.
Shift (vessel) Movement of vessels between one or more berths/terminals within the same port.
Ship Clearance Permission granted by the Customs authorities at a port for a ship to proceed to sea. The master or agent, of the ship’s safety certificates and outward cargo manifest grants this after production.
Shipper The person tendering goods for carriage. Not to be confused with the party issuing the Bill of Lading or the vessel operator who is the carrier.
Shipping company Company that provides shipping services.
Short term forecast Six weeks forecasted shipment volumes.
Short-sea Cargo moving between two ports in the same region.
SO2 Sulphur dioxide.  Sulphur in the fuel oxidises to form SO2 during fuel combustion. This leads to acidification.
SOC Shipper Owned Container
Stack See Layer
Static Cargo Cargo which is neither rolling on its own wheels  nor containerised, such as all types of project cargo, machinery, forestry etc. See also Break Bulk.
Status "The position, situation, or location the cargo is in, e.g. status = ""loaded""."
Stevedore Arranges loading/discharging of cargo to/from a vessel.
Stow Type Adds additional lashing space and provides minimum required information to stowage plans.
Stowage Plan Diagrammatic sketch of vessel showing location of cargo as stowed in the vessels hold(s).
Supply Chain Management Optimises the delivery of a product from supplier to customer. Optimising the supply chain involves balancing trade-offs between cost, quality and delivery. (Source: Ernst & Young SMC methodology)
Surveyor Identifies the name of the sub-contracing Company which actually perform the survey.
Sustainable development Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
SWL The load that a piece of equipment can safely carry without fear of breaking

 

T

T/C See Time Charter
Tariff Publication containing actual rates, charges, classification, rules, regulations and practices of a common carrier or a conference of common carriers.
Terminal Area for handling, storage and consolidation of cargo to/from any mode of transport.
TEU Twenty-foot equivalent unit. The common unit used in indicating the capacity of container vessel or terminal. A 40-foot container is equal to two TEU’s.
THC Terminal Handling Charge. Charge to customer to cover WWL's costs to the terminal.
Third Party Agency Office Local office which is not 100% owned by Wallenius Wilhelmsen.
Time Charter A vessel that is not under operation by its owner, but is on a time charter (or charter) to another line. The time for the charter plus all of the terms is stipulated in the Charter Party.
Towage Charge for the use of Tugboats.
Trade Major Trading areas between (or within) continents, being built up of many different routes, is the Europe to North America Trade (which is built up by the North Atlantic, South Atlantic, Gulf/Troll, West Coast and ACL Routes).
Transhipment Transfer of cargo from one ship to another, both directly or by discharging to a quay and re-loading.
Truck A self-propelled motor vehicle carrying its load on its own wheels and primarily designed for transportation of property rather than passengers. May carry a container or a full trailer.
Truck transporter Arranges inland transportaion by truck.
Truck-trailer The generic name for a large family of vehicles without motive power, primarily designed for transportation of property rather than passengers and to be drawn by a truck or truck tractor. Container chassis is a specific type of truck-trailer.
Tugboats The boats used as assistance for taking vessels in and out of ports and canals.
Tugmaster A truck used for towing rolltrailers (Mafis) on and off the vessel.
Type of Movement "Indicates how a container is loaded, e.g. FCL vs LCL."

 

U

Unit of Measurement See Rate Basis

 

V

Vessel capacity Identifies each vessels overall capacity measured in RT equivalent units.
Vessel code Identifies the short code for each ship.
Vessel type Identifies the feature of each vessel, i.e. the type of cargo the ship is designed to carry.
Vessel type group Identifies a group of sister vessels, i.e. Boheme vessel type group contains also Elektra, Manon and Mignon.
Voyage related costs Voyage related cost items, e.g port/canal expenses, bunkers, allocations (claims,survey, vessel & cargo equipment).

 

W

W/B See Sea Waybill
W/M Rate assessment basis for cargo. Rate is assessed in the larger of the two, weight or measurement. (see R/T.)
Way Cargo Cargo to be transported between a pair of Ports of Loading, or a Pair of Ports of Discharge on a voyage. For example cargo between Gothenburg and Bremerhaven on a Europe to North America voyage. Most countries do not allow this for foreign flag vessels between national ports.




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