Glossary-T

Taric code

Taric means Tarif Integre Communautaire. Taric contains the tariff manual of the European Commission, in lists of goods plus the corresponding customs duties and particulars. Taric is used as a basis for the national tariff manual. It forms part of the HS code.

Terminal Handling Charges

Container Service Charges (CSC or THC) are additional costs, on top of the sea freight, charged by the shipping company for the handling of containers at the container terminal before being loaded onboard a vessel. Examples include the unloading of the container from a truck, stacking and transport from the stacking location to just below the crane. This concerns FCL (Full Container Load) shipments.

TEU

TEU (Twenty Foot Equivalent Unit) is the unit of the capacity of a container ship, a container terminal and the statistics of the container transit in a port. The two most common international standardised containers are those of twenty and forty foot. Depending on whether the ship loads twenty or forty-foot containers or a combination of the two, the number of containers held onboard the ship will differ. So as to express the capacity of a container ship in a uniform manner, the number of containers that the ship can load is converted into a number of containers of the smallest size, i.e. those that are twenty foot in length. A forty-foot container is regarded as two twenty-foot containers or 2 TEU. How many TEU a container is, is calculated by dividing the containers actual length by twenty. In terms of costs, reference is often made to costs per TEU, which means that these costs will double for 40Ft units.

Transit Time

The Transit Time (TT) is the planned travelling time from port to port. This travelling time is based on figures collected, but it cannot be regarded as a fact. It may be deviated from in unforeseen circumstances. The transit time may change, particularly when the destination is not reached directly.

Transport insurance

Insurance is never included in the ocean freight and a policy should be
taken out seperately in order to cover damage or loss in case of general
average of the vessel or in case of damage during the transport or handling  of the goods.

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