SHIPPING lexicon

Held covered at a premium to be arranged.

Amendment of the Warsaw convention at The Hague, September 28, 1955 (air cargo).

International convention for the unification of certain rules, relating to Bills of Lading (1924). These Rules include the description of responsibilities of ocean carriers.

Set of rules, published in 1968, amending the Hague Rules.

Container, fitted with or without soft or hard cover, 4'3" in height (used for very dense cargo such as metals).

United Nations Convention on the carriage of goods by sea of 1978 adopted in 1992.

Indication of how cargo is to be handled.

Term used to describe a currency whose value is sound and steady and is generally acceptable at face value internationally.

Abbreviation: HS. Numeric multipurpose system, developed by the Customs Cooperation Council, for the classification of goods. With its six digits it covers about 5000 descriptions of the products or groups of products most commonly produced and traded. It is designed for customs services, but can also be used for statistics, transport purposes, export, import and manufacturing.

Watertight means of closing the hatchway of a vessel.

Opening in the deck of a vessel through which cargo is loaded into, or discharged from the hold and which is closed by means of a hatch cover.

Overland carriage of cargo or containers between named locations/points.

Road carrier.

Thermal container served by a heat-producing appliance.

Cargo piece exceeding the capacity of normal loading equipment and requiring special equipment and rigging methods for handling.

Vessel specially designed and equipped for the carriage of heavy cargo.

Abbreviation: H/C. Provisional acceptance of risk, subject to confirmation that cover is needed at a later date. Where applicable to an existing insurance, cover is conditional, in practice, on prompt advice to the underwriter as soon as the insured is aware of the circumstances to be held covered coming into effect, and a reasonable additional premium is payable if the risk held covered comes into effect.

Loading condition of a vessel in such a way that the center of the vessel is slightly raised (archwise in the center).

Space below the deck of a vessel.

Of, relating to, or being an agreement between parties in which one assumes the potential liability for injury that may arise from a situation and thus relieves the other of liability (e.g.: a hold harmless agreement/a hold harmless clause).

Storage space within the bottom (i.e. belly) of an aircraft that can be used to carry cargo.

Port of registration of a vessel.

To pay or accept a draft on presentation.

Place of receipt or delivery (name and address) in case of carrier haulage.

Air Waybill issued by a freight forwarder.

Transport of cargo from the premises of the shipper to the premises of the consignee. Note: In the United States the term "Point-to-Point Transport" is used instead of the term "Door-to-Door Transport", because the term "house" may mean "customs house" or "brokers house", which are usually located in the port.

Harmonized System: Abbreviation: HS. Numeric multipurpose system, developed by the Customs Cooperation Council, for the classification of goods. With its six digits it covers about 5000 descriptions of the products or groups of products most commonly produced and traded. It is designed for customs services, but can also be used for statistics, transport purposes, export, import and manufacturing.

Central transshipment point in a transport structure, serving a number of consignees and/or shippers by means of spokes.

Piggypack: Carriage of road vehicles and trailers on railway wagons.

Outer shell of a vessel, made of steel plates or other suitable material to keep water outside the vessel.

Taking care of a vessel's non-cargo-related operations as instructed by the master or owner of such vessel.