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The latest time cargo may be delivered to a terminal for loading to a scheduled train or ship.



Related Terms

CLOSING TIME

The latest time a container may be delivered to a terminal for loading to a scheduled barge, vessel, train, or truck.

CUT-OFF TIME

The latest time a container may be delivered to a terminal for loading to a scheduled barge, vessel, train, or truck.

SERVICE CONTRACT

As provided in the Shipping Act of 1984, a contract between a shipper (or a shippers association) and an ocean common carrier (or conference) in which the shipper makes a commitment to provide a certain minimum quantity of cargo or freight revenue over a fixed time period, and the ocean common carrier or conference commits to a certain rate or rate schedule as well as a de ned service level (such as assured space, transit time, port rotation or similar service features). The contract may also specify provisions in the event of nonperformance on the part of either party.

CONTAINER SECURITY INITIATIVE

A U.S. cargo security program whereby containerized cargoes destined for the United States may be inspected on a selective basis at many foreign ports before loading on a vessel. As of October 2007, there were 51 approved ports. A multinational program, aligned with the President's 'Strategy for Homeland Security', that extends the United States' zone of security by prescreening containers that pose a potential security risk before they leave foreign ports for U.S. seaports.

PORTLOG

A statement concerning a vessel documenting the actual arrival and departure time used tugs, draft, dead- weight, quantity of discharged and loaded goods/containers and any other important particulars. It is like a statement of fact but usually used when the cargo is booked on liner terms where the owner has control over the loading and discharge and there is no Laytime involved. It is usually not signed.

TIME SHEET

Statement, drawn-up by the ship's agent at the loading and discharging ports, which details the time worked in loading and discharging the cargo together with the amount of laytime used.

LOADING OVERALL

The loading of liquid cargo or ballast 'over the top' through an open ended pipe or hose through a hatch or deck opening. Not a preferred method and may be illegal on some vessels in some areas depending on the cargo.

TIME ALONGSIDE

A subjective term usually referring to the time a vessel arrives in some position off the dock, pier, or terminal just before the first line is thrown. For further definition-contact Bryan Phillips. This time is not used in most post fixture calculations but may be required for specific regional trades.

CSI

Container Security Initiative - a U.S. cargo security program whereby containerized cargoes destined for the United States may be inspected on a selective basis at many foreign ports before loading on a vessel. As of October 2007, there were 51 approved ports. A multinational program, aligned with the President's 'Strategy for Homeland Security', that extends the United States' zone of security by prescreening containers that pose a potential security risk before they leave foreign ports for U.S. seaports.

VESSEL LOAD FREE OUT

(VLFO) - The loading and discharge terms for the cargo to be shipped, as agreed to in the charterer party. The vessel (carrier) pays for the loading of the cargo on board the ship and the receiver pays for the discharge of the cargo from the ship to the pier.

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