Glossary of Shipping Terms:
" S " (page-1)
SITPRO
National organisation for the Simplification of International Trade Procedures in the United Kingdom (e.g. in The Netherlands SITPRO is called 'Sitproneth', in France 'Simprofrance' and in Japan 'Jastpro').
Safe Working Load (SWL)
The maximum load any lifting appliance may handle.
Safety Stock
- In general, a quantity of stock planned to be in inventory to protect against fluctuations in demand and/or supply.
- In the context of master production scheduling, safety stock can refer to additional inventory and/or capacity planned as protection against forecast errors and/or short terms changes in the backlog. Also referred to as 'overplanning' or a 'market hedge'.
Said to Contain (STC)
Term in a Bill of Lading signifying that the master and the carrier are unaware of the nature or quantity of the contents of e.g. a carton, crate, container or bundle and are relying on the description furnished by the shipper.
Salvage
The saving or rescue of a vessel and/or the cargo from loss and/or damage at sea.
Scale Ton
Freighting measurement used in certain trades for various commodities.
Scenario
A formal specification of a group of business activities that may take place between parties to achieve a particular objective.
Schedule
A timetable including arrival/departure times of ocean- and feeder vessels and also inland transportation. It refers to named ports in a specific voyage (journey) within a certain trade indicating the voyage number(s). In general: The plan of times for starting and/or finishing activities.
Seal
A device used for containers, lockers, trucks or lorries to proof relevant parties that they have remained closed during transport.
Seal Log
A document used to record seal numbers.
Seasonal Inventory
Inventory built up in anticipation of a seasonal peak of demand in order to smooth production.
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Seaworthiness
Fitness of a vessel to travel in open sea mostly related to a particular voyage with a particular cargo.
Sectional Rate
The rate established by scheduled air carrier(s) for a section of a through route (air cargo).
Segregation
Distance required by the rules of IMDG or BC codes between the various commodities of dangerous and or bulk cargoes.
Seller
Party selling merchandise to a buyer.
Seller's Market
A 'seller's market' is considered to exist when goods cannot easily be secured and when the economic forces of business tend to be priced at the vendor's estimate of value. In other words, a state of trade favourable to the seller, with relatively great demand and high prices of something for sale.
Semi Trailer
A vehicle without motive power and with one or more axles designed to be drawn by a truck tractor and constructed in such way that a portion of its weight and that of its load rest upon e.g. the fifth wheel of the towing vehicle.
Sender
See: Shipper
Sequenced Delivery
The synchronised delivery of trucks to co-ordinate with production schedules or local delivery vehicles.
Service Based Pricing
Pricing structured to service packages provided, related to activity based costing including bought in costs.
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