| Euro-Transport ::: Glossary of Shipping Terms | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Rag Top: A slang term for an open-top trailer or container with a tarpaulin cover. Rail Division: The amount of money an ocean carrier pays to the railroad for overland carriage. Rail Grounding: The time that the container was discharged (grounded) from the train. Ramp: Railroad terminal where containers are received or delivered and trains loaded or discharged. Originally, trailers moved onto the rearmost flatcar via a ramp and driven into position in a technique known as "circus loading." Most modern rail facilities use lifting equipment to position containers onto the flatcars. Ramp-to-Door: A movement where the load initiates at an origin rail ramp and terminates at a consignee's door. Ramp-to-Ramp: A movement of equipment from an origin rail ramp to a destination rail ramp only. Rate Basis: A formula of the specific factors or elements that control the making of a rate. A rate can be based on any number of factors (i.e., weight, measure, equipment type, package, box, etc.). Reasonableness: Under ICC and common law, the requirement that a rate not be higher than is necessary to reimburse the carrier for the actual cost of transporting the traffic and allow a fair profit. Rebate: An illegal form of discounting or refunding that has the net effect of lowering the tariff price. See also Malpractice. Reconsignment: Changing the consignee or destination on a bill of lading while shipment is still in transit. Diversion has substantially the same meaning. Recourse: A right claim against the guarantors of a loan or draft or bill of exchange. Red Label: A label required on shipments of flammable articles. Reefer: Refrigerated container. Related Points: A group of points to which rates are made the same as or in relation to rates to other points in group. RFQ: Request for quotation. Relay: To transfer containers from one ship to another when both vessels are controlled by the same network (carrier) manager. Remittance: Funds sent by one person to another as payment. Restricted Articles: Articles handled only under certain conditions. Revenue Ton (RT): A ton on which the shipment is freighted. If cargo is rated as weight or measure (W/M), whichever produces the highest revenue will be considered the revenue ton. Weights are based on metric tons and measures are based on cubic meters. RT=1 MT or 1 CBM. Reverse IPI: An inland point provided by an all water carrier's through bill of lading in the U.S. by first discharging the container in an East Coast port. "Ro/Ro": A shortening of the term, "Roll On/Roll Off." A method of ocean cargo service using a vessel with ramps which allows wheeled vehicles to be loaded and discharged without cranes. Roll: To re-book cargo to a later vessel. Rolling: The side-to-side (athwartship) motion of a vessel. Route: The manner in which a shipment moves; i.e., the carriers handling it and the points at which the carriers interchange. Running Gear: Complementary equipment for terminal and over the road handling containers. RVNX: Abbreviation for "Released Value Not Exceeding." Usually used to limit the value of goods transported.The limitation refers to carrier liability when paying a claim for lost or damaged goods. | ||||||||||||||||||||||||||||||||||||||||||||||||||