1. Freight: Freight is the term used for the cost of shipping a particular cargo for a specific voyage.
2. Dead Freight: Dead freight is the freight paid on unoccupied space in the ship. If there is empty space left in the ship, the person that charters must pay for space not used.
3. Charterer: A charterer is a person or firm that hires or charters a ship for a specific purpose.
4. Consignment: Consignment is goods that are conveyed from one place to another, a shipment or delivery of goods.
5. Consignee: Consignee is the person or organisation to which goods are transported through a carrier.
6. Consignor: The consignor is the owner who sends goods to the consignee.
7. Demurrage: Demurrage is an extra charge or penalty which the charterer pays for exceeding the period originally agreed upon.
8. Demise Charter: Demise charter is a form of charter party where the charterer of a ship makes all the arrangements for working it, so in effect, for a period it is owned by him/her.
9. Jettison: This term means to unload or throw overboard at sea a part of a ship’s cargo to lighten the ship in time of emergency in order to save the rest of the shipment or the whole vessel from complete damage.
Evaluation Questions:
- What is transportation?
- State five importance of transportation
- List the forms of transportation
- Mention three advantages and two disadvantages of each of the forms of transportation.
- (a) What is transportation?
(b) Explain dead freight
(c) List and explain five factors that will determine a seller’s mode of transportation (WASSCE June 2008) - (a) Discuss the factors that determine the choice of transport
(b) State three advantages and two disadvantages of air transport (WASSCE Nov. 2010)
Responses