GLOSSARY OF TERMS
Estimate
The approximate cost of moving a customer/clients goods.
Estimated Time of Arrival (ETA)
The estimated time a shipment will arrive.
Estimated Time of Departure (ETD)
The estimated time the shipment is due to depart.
Exceptions
Notations made of condition. Conditions will be notated on the packing inventory as well as during transit when one entity receives freight from another entity. Ex: Trucker to Dock/Pier.
Exclusive Use
The service provided allows no consolidation of freight.
Export
Shipments originating in the United States and delivering to an overseas location.
Export Declaration
A government document permitting the exportation of goods from the United States. Export License - Special permission issued by the Department of Commerce, or the Department of State, required for the exportation of certain commodities.
Extra Delivery
Portion of shipment delivered to more than one location en route or at a destination city.
Extra Pickup
When the customer/client has more than one loading site at origin location.
Federal Aviation Administration (FAA)
Federal agency responsible for announcing/publishing operational standards and procedures for all classes of aviation in the United States.
Federal Maritime Commission (FMC)
Federal regulatory agency responsible for overseeing various facets of ocean transportation.
Flatbed
Trailer/truck consisting of a floor only. No sides, etc.
Free on Board (FOB)
specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred.
Free Port (Free Zone)
A restricted area at a seaport/airport for the handling of duty exempted goods.
Free Time
Time allowed per contracted services before demurrage or per diem charges will be accessed.
Freight Forwarder
Is a company that coordinates shipments via asset based carriers and books or otherwise arranges space for those shipments via ocean/air/truck.
Fuel Surcharge
Charge assessed by Truckers to recover fluctuating cost of fuel.
Full Container Load (FCL)
Generally loose loaded shipment requiring exclusive use of a steamship container.
Full Value Protection (FVP)
Insurance option which covers replacement value of goods shipped.
General Average
A deliberate loss of goods in the face of peril, which sacrifice is made for the preservation of the vessel and other cargo. The cost of the loss is shared by the owners of the saved goods.
General Commodity Rate
In a maritime tariff, a freight rate applicable to all commodities except those for which specific rates have been filed.
General Order
Merchandise or Goods for which proper customs entry has not been made within five working days after arrival are placed into General Order storage until documents are submitted.
Gross Ton
Equal to 2240 pounds. Also called a long ton.
Gross Volume Weight (GVW)
The chargeable weight of a shipment by Airlines. Formula: cubic foot times (most commonly) 10.4 minimum density.
Gross Weight
Total weight of a shipment inclusive of the crate/container, packing material and contents.
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