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Shipping Glossary

Shipping Glossary

Total Loss

Term from marine hull insurance. There are three types: a) Actual Total Loss: Ship is no longer operable due to irreparable damage. b) Constructive Total Loss: Economic total loss: Constructed event insured if repair of the ship is not reasonable and repair costs exceed the insured sum. c) Arranged Total Loss: Assuming a total loss although the ship is fully operable but the owner no longer has command of the same

Tow

The assistance of harbour crafts in steering and leading seagoing vessels into the harbour area

Towage

The charge made for towing a vessel

Towing

Moving a ship in the harbour from one berth to another

Tractor

Unit of highway motive power used to pull one or more trailers/containers

Trade Acceptance

A time or date draft that has been accepted by the buyer (the drawee) for payment at maturity

Trade Terms

Trade terms: If the Incoterms are not agreed upon for an export transaction the customary national trade terms apply which have been standardised and codified by the International Chamber of Trade and Commerce

Traffic

Person or property carried by transport lines

Traffic Order

General service order to the terminal operator (BLG) in the ports of Bremen; consists of sales request (export) and purchase request (import)

Trailer

The truck unit into which freight is loaded as in tractor-trailer combination

오시는 길

서울특별시 강서구 마곡중앙 8로 78(마곡동, SM R&D 센터) 5, 6층
지하철 5호선 발산역 1, 9번 출구