| LOGISTICS DICTIONARY |
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| [T] TEU Abbreviation for "Twenty foot Equivalent Unit." Through Rate The total rate from the point of origin to final destination. Throughput Charge The charge for moving a container through a container yard off or onto a ship. Time Charter A contract for leasing between the ship owners and the lessee. It would state, e.g., the duration of the lease in years or voyages. Time Draft A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft. TIR - "Transport International par la Route." Road transport operating agreement among European governments and the United States for the international movement of cargo by road. Display of the TIR carnet allows sealed containerloads to cross national frontie TL Abbreviation for "Trailer Load." TOFC Abbreviation for "Trailer on Flat Car." The movement of a highway trailer on a railroad flatcar. Also known as Piggyback. Ton-Mile A unit used in comparing freight earnings or expenses. The amount earned from the cost of hauling a ton of freight one mile. Also, the movement of a ton of freight one mile. Tonnage 100 cubic feet. Top-Air Delivery A type of air circulation in a container. In top air units, air is drawn from the bottom of the container, filtered through the evaporator for cooling and then forced through the ducted passages along the top of the container. This type of airflow requires a special loading pattern. Towage The charge made for towing a vessel. Tractor Unit of highway motive power used to pull one or more trailers/containers. Trade Acceptance A time or a date draft that has been accepted by the buyer (the drawee) for payment at maturity. Traffic Persons and property carried by transport lines. Trailer The truck unit into which freight is loaded as in tractor trailer combination. See Container. Tramp Line An ocean carrier company operating vessels not on regular runs or schedules. They call at any port where cargo may be available. Transport To move cargo from one place to another. Transportation & Exit (T&E) Allows foreign merchandise arriving at one port to be transported in bond through the U.S. to be exported from another port, without paying duty. Transship To transfer goods from one transportation line to another, or from one ship to another. Transshipment Port Place where cargo is transferred to another carrier. Trust Receipt Release of merchandise by a bank to a buyer while the bank retains title to the merchandise. The goods are usually obtained for manufacturing or sales purposes. The buyer is obligated to maintain the goods (or the proceeds from their sales) distinct from the remainder of the assets and to hold them ready for repossession by the bank. Turnaround In water transportation, the time it takes between the arrival of a vessel and its departure. Twist Locks A set of four twistable bayonet type shear keys used as part of a spreader to pick up a container or as part of a chassis to secure the containers. Two-Way Pallet A pallet so designed that the forks of a fork lift truck can be inserted from two sides only. |