ITL Rapid Fire .. Questions Asked from Section A

DeadWeight
1. In maritime terms, the deadweight of a vessel is the maximum weight of the cargo, crew, stores and bunkers that it can carry when loaded so that it settles in the water to the Plimsoll line. This is also measurable by the weight of the water the vessel displaces when fully loaded less the displacement when it was unloaded.
2. Deadweight cargo is cargo of such high density that a long ton (2240 lbs.) of such cargo can be stowed in less than 70 cubic feet.

Demurrage

1. In international transportation, a charge for the failure to remove cargo from a terminal within the allowed free time. Also, a charge for failure to load or unload a ship within the allowed period

2. (USA) In domestic transportation, a penalty charge against users for use of carriers' equipment beyond the allowed free time.

Drop-off

The delivery of a shipment by a shipper to a carrier for transportation.

Dry-Bulk Container

A shipping container designed to carry unpackaged free-flowing dry solids such as grain or sand.

Net Price
Price after all deductions, discounts, rebates, etc have been taken.

Dunnage
Materials placed around cargo to prevent shifting or damage while in transit.

COGSA (Carriage Of Goods By Sea Act Of 1936)
(USA) The basic law of ocean shipping in the U.S. Among other provisions, it establishes parameters for the carrier's liability for loss or damage to cargo.

Gross Registered Tonnage

Refers to space measurement, one cubic metre being regarded as equal to one tonne. It is the capacity of the entire space within the frames and ceiling of the hull together with those closed in spaces above deck available for cargo, stores, passengers and crew.

Net Registered Tonnage (NRT)
is what remains after deducting from the gross registered tonnage the spaces occupied by propelling machinery, fuel and other stores, crew quarters, master cabin and navigation spaces. It represents the space available for cargo and passengers. Both gross and net registered tonnages are measurements of cubic capacity and not of weight.

Dead Weight Tonnage (DWT)
Measures in weight (tones) the amount of cargo that a skip can carry or carries. The weight of cargo includes packing.

Net Weight (Actual Net Weight)
Weight of the goods alone without any immediate wrappings; e.g., the weight of the contents of a tin can without the weight of the can.

Net Tonnage
Equals gross tonnage minus deductions for space occupied by crew accommodations, machinery, navigation equipment and bunkers.It represents space available for cargo (and passengers). Canal tolls are based on net (registered) tonnage.

Mate's Receipt
A receipt signed by the mate to say the cargo has been received on board in good order and condition.

Hagues Rule
Code of minimum conditions for the carriage of cargo under a bill of lading

Throughout the latter half of the 19th Century there was increasing dissatisfaction amongst cargo owners and their insurers with the law governing a carrier's liabilities for damage to goods in their custody. This was due to an increasing number of protection and other limitation clauses. There was a growing demand to establish a uniform code or rules for the carriage of goods by sea. After many years a conference was held at Brussels which resulted in a set of Rules known as the Hague Rules. The aim of the Rules was to establish a uniform code for the carriage of cargo shipped under Bills of Lading.

Trade Ullage
Natural loss to cargo (eng. evaporation).

Net Registered Weight

MTO

Net Worth Liability

Dead Net Pricing

Dead Weight Carrying Capacity

RELEVANT LINKS:

http://www.tradepromo.org/news/glossary.aspx

http://www.etfinancial.com/t_export_glossary.htm

http://www.itds.treas.gov/glossaryfrm.html

http://www.airschott.com/intlterm.html

http://www.logisticsfocus.com/Glossary/glossary-n.asp

Hope it will help Section B !!