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Trade Terminology


International Shipping Terminologies - R


Rag Top: A slang term for an open-top trailer with a tarpaulin cover.

Rail Division:
The amount of money an ocean carrier pays to the railroad for overland charges.

Ramp-to-Door:
A movement where the load initiates at an origin rail ramp and terminates at a consignee's door.

Ramp-to-Ramp:
A movement of equipment from an origin rail ramp to a destination rail ramp only.

Rate Basis:
A formula of the specific factors or elements (weight, measure, equipment type, package, box, etc.) that control the making of a rate.

Reasonableness:
Under ICC and common law, the requirement that a rate not be higher than is necessary to reimburse the carrier for actual cost of transporting the traffic and allow a fair profit.

Reconsignment:
Changing the consignee or destination on a bill of lading while the shipment is still in transit. Diversion has substantially the same meaning.

Reconsolidation point:
Location where loose or other non-containerized cargo is regrouped for further carriage.

Red Label:
Label required on shipments of flammable articles.

Reefer:
Refrigerated container.

Related Points:
A group of points to which rates are made the same as or in relation to rates to other points in group.

Relay:
Transfer containers from one ship to another.

Released Value Not Exceeding (RVNX):
Used to limit the value of goods transported. The limitation refers to carrier liability when paying a claim for lost or damaged goods.

Restricted articles:
Articles handled only under special conditions.

Return pool:
Place where equipment is returned.

Revenue Ton:
A ton on which the shipment is freighted. If cargo is rated as weight or measure (W/M), whichever produces the highest revenue will be considered the revenue ton.

Reverse IPI:
An inland point provided by an all-water carrier's through bill of lading in the US by first discharging the container in an East Coast port.

RORO:
An abbreviated term for roll on-roll off. A method of ocean cargo service using a vessel with ramps which allows wheeled vehicles to be loaded and discharged without cranes. Also used to refer to the cargo itself.

Roll:
Move cargo to a down-line or vessel.

Rolling:
The side-to-side (athwartship) motion of a vessel.

Route:
The manner in which a shipment moves; i.e., the carriers handling it and the points via which they handle it.

Running Gear:
Complimentary equipment for terminal and over-the-road handling containers.

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