Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SHIPPER’S INDEMNITY

A letter stating indemnity that is given by a beneficiary of a letter of credit or L/C that is to induce a negotiating bank to relaes a payment against the L/C despite

SHIPPING BILL

A document ised in customswhere a drawback is claimed on goods exported or on goods attrcating duty that are then re-shipped from a wharehouse that is bonded.

SHIPPING CONTAINER

A standard sized container that is resealable and lockable that is used with standard equipment for handling freight. 2 stabdard sizes in 20 foot and 40 foot.

SHIPPING DOCUMENTS

Any document that is required for an item to clear customs. A bill of lading, commercial invoice, insurance certificate, origin certificate or packing list.

SHIPPING LIST

A form documenting all of the goods sent out against a particular order.

SHIPPING TARIFF

The rates for moving freight by the transporter or carrier. See tariff.

SHIPPING TARIFF SCHEDULE

A formal list of all freight charges, how they are calculated and applied. It can include an alternative tariff, clas tariff, and a commodity tariff. Also known as a shipping tariff, or

SHIPPING TERMS

The provisions in a contract of sale that governs any costs for shipping, insurance, packaging needs and liability transfer.

SHIPPING TIME

The time it takes a shipped order to reach its destination. Combined with order time it is the elapsed time between the requisition and avauilability.

SHIPPING TON

An alternate term for a registered ton or 100 cubic feet and 2,832 cubic metres.

SHIPPING WEIGHT

The gross weight of a shipped item that includes all wrapping, packaging, boxing but excludes the container.

SHIP’S PAPERS

The documents that are carried by a ship to allow it to meet all customs, immigration, health and safety requirements of its country of origin and all the ports it will call

SHIP’S STORES

The inventory that is on aship to meet all of its requirements on a daily basis. It includes water, food, safety and medical supplies and spare parts for example. See bunkering.

SHIPSET

The quantity of equipment that is greater than the quantity needed to carry on safely. For example the number of radios on a plane.

SHIRKAH

A partnership in business that falls inder Islamic Financial law. 2 or more people join to provide capital or labour in a business through a formal contract.

SHOCKWAVE

A popular format on the internet for presenting and sharing audio and video data. Files are read by Shockwave Player. Free distribution by Macromedia, the developers.

SHOE LEATHER COST

The costs of the time and energy of the efforts that are intended to counteract any inflation effects.

SHOGUN BOND

A bond that is issued in Japan by a firm that is not Japanese in a currency that is not Yen.

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