Terms used in shipping

Now that I work in shipping, it is necessary to learn a bunch of new terms. Shipping is regulated under Admiralty Law and there are traditional documents and parties involved. Knowing what these are is crucial to understanding shipping.

Legal documents

There are three key documents involved with shipping:

Parties

There are quite a few parties involved in shipping:

  • Carrier
  • Charterer
  • Consignee
  • Consignor
  • Shipbroker
  • Ship-manager
  • Ship-owner
  • Shipper
  • Stevedore

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