FreightAmigo Academy – Shipping Terms

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There are currently 17 terms in this directory beginning with the letter G.
Gain Sharing
A relationship between two parties where both share the benefits of value created, originating from the agreement. For example, if in a gain share agreement, we can reduce shipping costs through better equipment utilization, a portion of this value created would flow to our company.

Gangway
An opening in the bulwark of the ship allowing passengers to board or leave the ship.

Gantry Crane (G)
Port crane used to load and discharge containers from vessels, can be positioned by moving along rail tracks.

Garment-on-Hanger (GOH)
Method of storing apparel in containers for garments that should not be folded.

Gate-In
Gate-in is a term used to describe when a container enters the terminal. The shipper must have made a booking with the shipping line before the container is allowed to enter the area.

Gate-Out
Gate-out is the term used to describe when a container leaves the terminal after the container has been released by the shipping line and by Customs.

General Average
General Average is a principle of maritime law born out of the idea that the shipper and the vessel owner are entering into a joint business venture, and that if it weren’t for the shipper’s cargo, the vessel would not be sailing on its (at times dangerous) voyage. General Average dictates that in the event that an intentional sacrifice is made for the safety of the individuals and cargo on board the vessel, all parties involved with the ocean voyage will proportionally share in the losses of the cargo and the ship. All parties involved must share the cost of any losses caused by the sacrifice so that in the event of an emergency, the crew doesn’t waste time deciding whose cargo should be sacrificed. The party whose cargo is lost in the incident has the right to compensation from the parties whose cargo was saved as a result of the sacrifice.

General Order
General Order (GO) is a status given to cargo imported into the U.S. that is missing proper Customs documentation or does not quickly clear Customs. If they remain uncleared after 15 days, goods under GO will be moved to a General Order warehouse (a type of bonded warehouse.) Transportation and storage costs are the responsibility of the importer. Note that storage charges in a GO warehouse are costly. If the goods remain under General Order for more than six months, they will be put up for auction or confiscated. The auctions are held by U.S. Customs, take place monthly online on a nationwide basis, or locally at public spaces like hotels near the ports.

Generalized System of Preference (GSP)
A program providing for free/ reduced rates of duty for merchandise from beneficiary developing independent countries and territories to encourage their growth.

Genset
Generator sets which supply power to refrigerated containers when no external source is available. It is used to regulate the temperature in a reefer container. It can use its own power or plugs provided on the pier/vessel.

Globalization
The internationalization of international business, communications and culture.

Golden Week
Golden Week is the week following the National Day on October 1st to celebrate the founding of the People’s Republic of China. The National Day kicks off a 7-day Golden Week festival that includes parades, ceremonies, and other displays.

Green Supply Chain
The evaluation and modification of an organization’s entire supply chain from design, planning, purchasing, sourcing, production, shipping and returns to minimize the environmental impact of the supply chain, often resulting in cost savings. We have several capabilities and initiatives to support green supply chain development with key customers.

GRI (General Rate Increase)
A GRI is a general rate increase that carriers can apply to their ocean freight rates.

Gross Merchandise Value (GMV)
Gross Merchandise Value is a term used in online retailing to indicate a total sales dollar value for merchandise sold through a particular marketplace over a certain time frame. There are a few ways to calculate GMV. The most simple explanation for a retailer is that GMV is the sales price charged to the customer, multiplied by the number of items sold

Gross Register Tonnage (GRT)
A ship's total internal volume expressed in "register tons", each of which is equal to 100 cubic feet (2.83 m3). Gross register tonnage uses the total permanently enclosed capacity of the vessel as its basis for volume, it is not a measure of the ship's weight or displacement and should not be confused with terms such as deadweight tonnage or displacement. Typically this is used for dockage fees, canal transit fees, and similar purposes where it is appropriate to charge based on the size of the entire vessel.

Gross Weight
Weight of goods including packaging.