Acronyms




t

T.B.L.

Through bill of lading

T.I.B.

Temporary Import Entry.

Tally Sheet

List of cargo, incoming and outgoing, checked by Tally clerk on dock.

Tank container

A container suitable for carrying liquids or powder.

Tare

The actual weight of the container only, without the goods.

Tare Weight

The weight of the container and/or packing materials only - excluding the weight of the goods inside the container.

Tariff

A general term for any listing of rates, charges, etc. the tariffs most frequently encountered in foreign trade are: tariffs of the international transportation companies operating on sea, on land, and in the air; tariffs of the international cable, radio, and telephone companies; and the customs tariffs of the various countries, which list goods that are duty free and those subject to import duty, giving the rate of duty in each case. There are various classes of customs duties.

TDC

Total distribution costs

TDW

Tons deadweight

Temperature Controlled Cargo

Any cargo requiring carriage under controlled temperature.

Terminal

A receiving point ie a freight station or a container yard.

TEU

Twenty foot equivalent.

Third Freedom Right

Where cargo is carried by an airline, from the country in which it is based, to a foreign country.

Time charter

The hiring of a ship from a shipowner for a period of time.

Time Draft

A draft that matures in a certain number of days, either from acceptance or date of the draft.

Title, Passing

The passing of title to exported goods is determined in large measure by the selling terms. For example, if an exporter sells goods c.i.f he may be presumed to pass ownership and tender of documents. However, he may ship on a bill of lading drawn to his own order, to prevent the buyer from gaining possession of the goods until the draft is paid or accepted. In this case he retains a security title to the goods; that is, a title for security purposes only, until the financial arrangement is carried out. Caution: depending on the laws of the buyer's country, you may not be able to force passage of title without payment having been received or the buyer having accepted delivery of the goods or a clear understanding by the buyer being understood and accepted.

TL

Truckload

Ton

Freight rates for liner cargo generally are quoted on the basis of a certain rate per ton, depending on the nature of the commodity. This ton, however, may be weight ton or a measurement ton.

Ton-Deadweight

Indicates the carrying capacity of the ship in terms of the weight in tons of the cargo, fuel, provisions and passengers which a vessel can carry.

Ton-Displacement

The weight of the volume of water which the fully loaded ship displaces.

Ton-Kilometer

Measure of airline freight capacity.

Ton-Registered

Indicates the cubical contents or burden of a vessel in tons of 100 cubic feet. The space within a vessel in units of 100 cubic feet.

Toplashing

Rolltrailers and cassettes are secured with webbing. One end is attached to the ceiling, the other to the underlayer

Tracking

A carrier's system of recording movement intervals of shipments from origin to destination.

Trade

A term used to define a geographic area or specific route served by carriers.

Traffic Conferences

Rate-fixing machinery operated by IATA.

Tramp

A tramp is a vessel that does not operate along a definite route on a fixed schedule, but calls at any port where cargo is available.

Transferable Letter of Credit

A letter of credit that allows all or a portion of the proceeds to be transferred from the original beneficiary to one or more additional beneficiaries.

Transport Index

The number expressing the maximum radiation level in a package of ULD.

Transshipment

The transfer of a shipment from one carrier to another in international trade, most frequently from one ship to another. In as much as the unloading and reloading of delicate merchandise is likely to cause damage, transshipments are avoided whenever possible.

Truckload

Truckload rates apply where the tariff shows a truckload minimum weight. Charges will be at the truckload minimum weight unless weight is higher.

Trust Receipt

Release of merchandise by a bank to a buyer for manufacturing or sales purposes in which the bank retains title to the merchandise.

TTC

Tariff trade code

Tugmaster

A tractor - often a four wheel drive - with a hydraulic trailer connection known as a ‘fifth wheel’ used to tow cargo on and off the vessels.

TURN

Trader unique reference number

Turnbuckle

A screw threaded device for tightening rods and chains and wire lashings

Turnkey Project

Capital construction projects in which the supplier (contractor) designs and builds the physical plant, trains the local personnel on how to manage and operate the facility and presents the buyer with a self-sustaining project (all the buyer has to do is "turn the Key").

Twistlock

Device for locking a container to the deck or to another container above or below. The locking var is fitted to the corner casting of the container and twisted with a handle.

Tynes

Another term for the forks of a forklift truck.

NEWS
lufthansa hopes to keep cargo flying lufthansa cargo is making every effort to maintain the flight operations of its cargo aircraft in the current corona crisis. turkish cargo puts cargo in the passenger cabin turkish cargo will utilise their network and fly their turkish airlines passenger aircraft for airfreight as repercussions from the coronavirus outbreak and travel bans send global supply chains into disarray. latam cargo mitigates supply chain difficulties through freighters latam cargo has sought to mitigate the current difficulties through its 11 b767-300 freighter aircraft, which make latam cargo group the cargo airline with the most freighters operating in latin america. swiss worldcargo to commence freight-only flights swiss worldcargo has announced that this week will see the commencement of cargo-only flights on some aircraft. heathrow calls on supply chain to maximise capacity heathrow will be stepping up its cargo capabilities as it calls on more airlines and freight companies to maximise the use of the hub airport’s quieter schedule so that the aviation industry can play its part in the economic and social fight against covid-19. turkish cargo connects linz with direct freighter service turkish cargo is continuing to increase its network announcing new direct freighter flights to linz (austria). caribbean airlines cargo suspends two freighter services caribbean airlines has temporarily suspended its tuesday and thursday freighter flights etihad announces new freighter schedule etihad cargo has announced its freighter schedule for the iata summer season, boosting capacity to its top freighter gateways. atlas air’s flynn on track for a new career former atlas air president and ceo william j flynn has been appointed as us passenger train operator amtrak’s next chief executive officer and president. swiss worldcargo extends china suspensions in light of the current coronavirus situation, swiss and swiss worldcargo have made further adjustments on flights between zurich and beijing, shanghai and hong kong. fraport announces cost-reduction measures in response to coronavirus frankfurt airport operator fraport has announced new cost-reduction measures in response to the impact of the coronavirus. silkway keeps flying the current corona epidemic is having a significant impact on the air cargo industry. the aviation industry has taken the hit of coronavirus “airlines, aviation financing and plane makers – inherently vulnerable to the economic side-effects of a potential pandemic – faced challenges as the year began, ensuring they are now at growing risk of severe coronavirus-related disruption,” says scope, specialist financial analysts. covid-19: the disruption continues for supply chains richard wilding obe, professor of supply chain strategy at the uk’s cranfield university, comments on the latest challenges covid-19 presents the supply chain. he points out that consumer demand for face masks is impacting on wider industry needs. cargolux and atlas air predict a subdued airfreight market in 2020 the cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world. finnair cancels mainland china flights until the end of winter finnair will cancel its flights to beijing capital airport and to shanghai during march 1-28, 2020 (until the end of the winter season), as the coronavirus situation has led to a temporary decline in air travel between china and europe. airbridgecargo offers charter flights to meet coronavirus-related demand the volga-dnepr group has been operating as many as five “sterilised” charter flights into china each day to cater for coronavirus related demand. valentines boost for latam cargo more than 210 latam cargo boeing 767-300 freighters took off from colombia and ecuador, carrying 12,600 tons of flowers for the 2020 valentine’s day season maersk line partnering with portrix maersk line is partnering with portrix logistic software gmbh (pls) to integrate spot pricing into pls’ market leading global price management (gpm) software solution. latam cargo announces new us routes latam cargo has announced it will begin service on two new routes dedicated exclusively to cargo originating in the united states, thus increasing capacity from north america to central and south america.