War Risk
Insurance coverage for loss of goods
resulting from any act of war.
Warehouse
A place for
the reception, delivery, consolidation, distribution, and storage
of goods/cargo.
Warehouse Entry
Document that
identifies goods imported when placed in a bonded warehouse. The
duty is not imposed on the products while in the warehouse but will
be collected when they are withdrawn for delivery or consumption.
Warehouse Withdrawal for Transportation Immediate
Exportation (WDEX)
Allows
merchandise that has been withdrawn from a bonded warehouse at one
U.S. port to be exported from the same port exported without paying
duty.
Warehouse Withdrawal for Transportation (WDT)
Allows
merchandise that has been withdrawn from a bonded warehouse at one
port to be transported in bond to another port, where a superseding
entry will be filed.
Warehouse Withdrawal for Transportation Exportation
(WDT&E)
Allows merchandise that has been
withdrawn from a bonded warehouse at one port to be transported in
bond through the
U.S. to be exported from another port, without
paying duty.
Warehousing
The storing of
goods/cargo.
Waybill (WB)
A document
prepared by a transportation line at the point of a shipment; shows
the point of the origin, destination, route, consignor, consignee,
description of shipment and amount charged for the transportation
service. It is forwarded with the shipment or sent by mail to the
agent at the transfer point or waybill destination.
Abbreviation is WB. Unlike a bill of lading, a
waybill is NOT a document of title.
Weight Cargo
A cargo on
which the transportation charge is assessed on the basis of weight.
Weights and Measures
Measurement ton |
|
40
cubic ft or one cubic meter. |
Net
ton, or short ton |
|
2,000
lbs. |
Gross
ton/long ton |
|
2,240
lbs. |
Metric ton/kilo ton |
|
2,204.6 lbs. |
Cubic
meter |
|
35.314 cubic ft. |
Well Car
Also known as
stack car. A drop-frame Rail flat car.
Wharfage (Whfge.)
Charge
assessed by a pier or dock owner against freight handled over the
pier or dock or against a steamship company using the pier or dock.
WIBON
Whether In Berth or Not.
Windy Booking
A freight booking made by a skipper or freight forwarder to serve
space but not actually having a specific cargo at the time the
booking is made. Carriers often overbook a vessel by 10 to 20
percent in recognition that "windy booking" cargo will not actually
ship.
Without Recourse
A phrase
preceding the signature of a drawer or endorser of a negotiable
instrument; signifies that the instrument is passed onto subsequent
holders without any liability to the endorser in the event of
nonpayment or nondelivery.
W.M. (W/M)
Abbreviation
for "Weight or Measurement;" the basis for assessing freight
charges. Also known as "worm." The rate charged under W/M will be
whichever produces the highest revenue between the weight of the
shipment and the measure of the shipment.
WPA
Abbreviation
for "With Particular Average."
W.T.L.
Western Truck
Lines.
WWD
Weather Working Days.
|