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Time charter
A charter under which the ship owner hires out a ship for a specified period of time. The ship owner is responsible for providing the crew and paying ship operating expenses while the charterer is responsible for paying the voyage expenses and additional voyage insurance. The ship owner is paid charter hire, which accrues on a daily basis.

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Through Bill of Lading
A single bill of lading covering receipt of the cargo at the point of origin for delivery to the ultimate consignee, using two or more modes of transportation.

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TEU
Twenty

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Tariff Surcharges
An import tax that is usually assessed at a flat rate over and above whatever duties are assessed.

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Tariff
A tax assessed by a government in accordance with its tariff schedule on goods as they enter (or leave) a country. May be imposed to protect domestic industries from imported goods and/or to generate revenue. Types include ad valorem, specific, variable, or some combination.

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TARIC
Integrated Tariff of the European Community

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Tare Weight
The weight of a container and/or packing materials without the weight of the goods it contains.

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T/S
Transshipment

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T/O
Transfer order

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T/L
Total loss

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t/h
Tones per hour

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T.T.
Telegraphic transfer

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T.S.I.
Total sum insured

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T.Q.
Tale quale (as found)

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T.P.N.D.
Theft, pilferage and non

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T.P.Liab.
Third party liability

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T.P.I.
Tons per inch

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T.O.V.A.L.O.P.
Tanker Owners' Voluntary Agreement Concerning Liability for Oil Pollution

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T.O.T.
Terms of trade

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T.O.R.
Time on Risk

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T.L.V.O.
Total loss of vessel only

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T.L.O.
Total loss only

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T.L.
Total loss

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T.I.V.
Total insured value

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T.I.B.
Trimmed in bunkers

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T.E.
Trade expenses

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T.D.W.
Tonnage deadweight

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T.C.I.
Time charterer's interest

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T.B.A.
To be advised, To be agreed

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T.B.
Trial Balance

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