Important Terms in Sea Freight
Sea Freight, is an important part of foreign trade, and the terminology used in this area helps to conduct transactions accurately and efficiently. Container transport in particular is one of the cornerstones of global trade. In this article, we will explain the terms frequently encountered in shipping.
Basic Terms in Sea Freight
Armator: The ship is the owner or carrier. The ship is responsible for the operation and freight transport of the ship.
Agency: It is the company that works on behalf of the armature and organizes the loading/unloading operations. It plays an important role in ports.
Broker: It is the broker who mediates between the shipper and the loader. It facilitates loading processes.
Container Terms
TEU (Twenty-foot Equivalent Unit): It refers to a twenty-foot long container unit. This measurement makes capacity standard in container transport.
FCL (Full Container Load): It refers to full container loadings that belong to a single loader. FCL allows the loader to use the entire container.
LCL (Less than Container Load): It represents partial loads that belong to multiple loaders. In this case, the goods of the different loaders are transported in a single container.
Stuffing: It is the process of placing the cargo in the container. This process is critical for the safe transport of the load.
Unstuffing: It is the emptying of the container. It is important for rapid unloading of the cargo at its destination.
Port Terms
Demuraj: It is the fee applied if the ship exceeds the loading and unloading time that is granted to it. It creates additional costs for ships that are over-expected at the port.
Free Time: The amount of time the load can wait before entering the brewery. If this time is exceeded, the demurring fee will be applied.
Other Important Terms
NVOCC (Non Vessel Operating Common Carrier): They are companies that transport without a ship owner. These firms carry on their own behalf but do not operate ships.
Charter Party: It is the name given to the contract between the mover and the shipper. This contract covers the entire or partial lease of the ship.
Bulk Loading: It is the transport of bulk loads. This type of loading is usually done by private ships and is different from container transport.
The terms maritime transport help to make transactions more efficient and understandable by creating a common language in the sector. Each term refers to a particular function or situation, and therefore professionals working in the field of maritime transport need to know these terms well. This information contributes both to the development of international trade and allows for more effective management of logistics processes.
IMPORTANT NOTE: The terms specified in the article are a very small part of what is used in the industry. This article will be updated continuously. If you would like to contribute, please contact social media channels or info@inovakademi.com You can give feedback at the email address.
Gökhan EROL
