Glossary

  • Salvage

    External assistance to a ship in danger.

  • Salvage loss

    When referring to goods, a salvage loss is one resulting from shipwreck or from a situation where, by the peril of the sea, the ship is prevented from proceeding on her voyage and the cargo, or the part that is saved is obliged to be sold at a place short of the port of destination. The term is used in marine insurance when at a point short of destination, it can be shown that it would cost more to forward damaged goods to their destination than the goods would realize on the spot. The underwriters usually pay the difference between the total insured value and the net proceeds of the goods, such a settlement being known as a "salvage loss".

  • Scantling Draft

    The maximum draught to which a vessel can be loaded. When classed, this is the draught for which the vessels compliance is evaluated to and is subject to the regulations of the classification society.

  • Seal

    Metal strip and lead/plastic fastener used for locking containers doors. Seals are numbered for record purposes.

  • Seawaybill

    Non-negotiable transport document allowing a quick release to the receiver named on.

  • Service Agreement

    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 defined service level (such as assured space, transit time, port rotation or similar service features). The contract may also specify provisions in the event of non performance on the part of either party.

  • Set Point

    Specific temperature that a refrigerated container has been set to keep. Ideally, the set point and the actual temperature should be identical throughout the voyage. Please click here for more information.

  • Setting

    A notation on the Bill of Lading stating the temperature at which the cargo must be maintained. Please click here for more information.

  • Shanghai Containerized Freight Index (SCFI)

    Index showing the fluctuation of spot freight rates of export container transport market in Shanghai. The freight rates of individual routes of SCFI show the spot ocean freights and related maritime surcharges.

  • Shanghai Shipping Exchange

    The Shanghai based organisation which publishes the Shanghai Containerized Freight Index (SCFI).

  • Shipment Date

    The date inserted on the Bill of Lading evidencing goods received on board is regarded for documentary credit purposes as being the date of shipment.

  • Shipped on board Bill of Lading

    A Bill of Lading issued only after the goods have actually been shipped on board the ship, as distinguished from the received for shipment Bill of Lading.

  • Shipper

    Person or legal entity for whom the carrier agrees to carry the goods at a specific destination and at a specific price (contract of carriage).

  • Shipper Load and Count

    Shipments loaded and sealed by shippers and not checked or verified by the carriers.

  • Shipper Owned Container (SOC)

    Container used for cargo shipment is owned by shipper.

  • Shipper Packed

    Contents of containers as loaded (stuffed), stowed (packed and braced), weighed and/or tallied by and for the shipper.

  • Shipping Instruction (SI)

    Orders or instructions of the shipper to its agent and/or directly to the international water–carrier, about loading, discharging and conditions of the goods.

  • Shipping Order

    Equivalent of booking and contract of carriage evidencing the agreement to transport goods.

  • Short Landed

    Cargo volume count (at delivery destination) less than originally shipped.

  • Short Sea Voyage

    US term to designate short international voyages.

  • Short Shipped

    Cargo missing a vessel that it was originally intended for.

  • Short Ton (ST)

    1 Short Ton = 2, 000 lbs

  • Slot

    Space on board a Vessel occupied by a container.

  • Slot Charter Agreement (SCA)

    Contract between partners who buy and sell a defined allocation (space, weight) in general on a "used or unused" basis at an agreed price and for a minimum defined period of time.

  • Slow Steaming

    The practice of operating transoceanic ships, especially container ships, at significantly less than their maximum speed.

  • SOLAS

    International Convention for the Safety of Life at Sea (SOLAS), its main objective is to specify minimum standards for the construction, equipment and operation of ships, compatible with their safety,

  • Special Customs Invoice (US)

    Document usually prepared by the foreign exporter or its forwarder and used and required by US customs in determining the value of the shipment.

  • Spreader

    A piece of equipment designed to lift containers by their corner castings.

  • SSE

    Abbreviation for "Safety, Security and Environment".

  • Stack

    To stow containers more than one high and in an orderly way in one place in a container yard, CFS, depot, or on a Vessel.

  • Standard Export Declaration (US)

    Legal document that shippers or freight forwarder have to complete prior to export from USA.

  • Standard Industrial Classification

    A standard numerical code used by the US government to classify products and services.

  • Standard International Trade Classification (SITC)

    A classification of goods of the United Nations used to classify the exports and imports of a country to enable the comparison of different countries and years.

  • Standard Shipping Note

    A shipping document which accompanies the container on its journey to the port of exit and gives details about the contents of a consignment to carriers, receiving authorities and forwarders.

  • Stevedore

    Terminal operator who is designated to facilitate the operation of loading and discharging ships and various terminal activities (US term = Longshoreman).

  • Storage Charge

    Charge for goods held in storage facilities under a fixed agreement for periods of time, and which is not included in other arrangements. Please click here for more information.

  • Stowage

    Loading freight into ships' holds.

  • Stowage Plan

    Distribution of goods onboard the ship regarding their nature and destination.

  • Stripping

    The unloading of cargo into a container.

  • Stuffing

    The loading of cargo into a container.

  • Supply Air

    Cooled or warmed air leaving the evaporator delivered to the interior of the reefer. Please click here for more information.

  • Supply Chain

    A logistical management system which integrates the sequence of activities from delivery of raw materials to the manufacturer through to delivery of the finished product to the customer into measurable components.

  • Supply Chain Management

    The delivery of enhanced customer and economic value through synchronized management of the flow of physical goods, services and associated information from sourcing through consumption. The management of the process and activities to provide the flow of products, services and information to customers.

  • Surcharges

    An extra or additional charge applicable. Please click here for more information

  • Survey

    Inspection of goods to establish the extent and cause of damage.

  • SWAP

    Exchange with another service operator, a defined amount of space from each other's allocation for a pre-defined period of time at a pre defined ratio of exchange.

  • SWIFT

    SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment

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The information contained in this glossary is for general information only. The information is made available to CMA CGM’s clients and for internal use. Whilst CMA CGM endeavours to keep the information correct, the company makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the terms of this glossary, including, but not limited to, the definitions and interpretations. Any reliance you place on such information is therefore strictly at your own risk.
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