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Transportation

Any mode or method of locomotion that serves to move people, goods or services from one location to another.

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Transportation > Shipping

advising bank

Transportation; Shipping

A bank operating in the seller’s country that handles letters of credit on behalf of a foreign bank.

factor

Transportation; Shipping

A factor is an agent who will, at a discount (usually five to 8% of the gross), buy receivables.

red label

Transportation; Shipping

A label required on shipments of flammable articles.

container pool

Transportation; Shipping

An agreement between parties that allows the efficient use and supply of containers. A common supply of containers available to the shipper as required.

minimum bill of lading

Transportation; Shipping

A clause in a bill of lading which specifies the least charge that the carrier will make for issuing a lading. The charge may be a definite sum or the current charge per ton for ...

aframax tanker

Transportation; Shipping

A vessel of 70,000 to 119,000 DWT capacity. The largest tanker size in the AFRA (average freight rate assessment) tanker rate system.

freight all kinds (FAK)

Transportation; Shipping

Usually refers to full container loads of mixed shipments.

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