Georgia Tech SCL Georgia Tech SCL Georgia Tech SCL

The number of tons of 2,240 pounds that a vessel can transport of cargo, stores and bunker fuel. It is the difference between the number of tons of water a vessel displaces "light" and the number of tons it displaces when submerged to the "load line."

A long ton of cargo that can be stowed in less than 40 cubic feet.

Order to pick up goods at a named place and deliver them to a pier. Usually issued by exporter to trucker but may apply to a railroad, which completes delivery by land. Use is limited to a few major U.S. ports. Also known as shipping delivery order.

Demurrage/Despatch money. (Under vessel chartering terms, the amount to be paid if the ship is loading/discharging slower/faster than foreseen.)

Container freight station or a designated area where empty containers can be picked up or dropped off.

An incentive payment paid to a carrier to loading and unloading the cargo faster than agreed. Usually negotiated only in charter parties.

A penalty charge against shippers or consignees for delaying carrier's equipment beyond allowed time. Demurrage applies to cargo; detention applies to equipment. See Per Diem.

The unloading of a container or cargo van.

When documents presented do not conform to the requirements of the letter of credit (L/C), it is referred to as a "discrepancy." Banks will not process L/C's which have discrepancies. They will refer the situation back to the buyer and/or seller and await further instructions.

The weight, in tons of 2,240 pounds, of the vessel and its contents. Calculated by dividing the volume of water displaced in cubic feet by 35, the average density of sea water.

for land transportation, A loading or unloading platform at an industrial location or carrier terminal.

A form used to acknowledge receipt of cargo and often serves as basis for preparation of the ocean bill of lading.

An indication on a draft that the documents attached are to be released to the drawee only on payment.

A set of wheels that support the front of a container; used when the automotive unit is disconnected.

An order issued by a seller against a purchaser; directs payment, usually through an intermediary bank. Typical bank drafts are negotiable instruments and are similar in many ways to checks on checking accounts in a bank.

A draft to which no documents are attached.

A draft payable on demand upon presentation.

A draft that matures at a fixed or determinable time after presentation or acceptance.

Charge made for local hauling by dray or truck. Same as Cartage.

Abbreviation for "Destination Rail Freight Station." Same as CFS at destination, except a DRFS is operated by the rail carrier participating in the shipment.