Import and Export Glossary with Letter S
S. & F.A. : Shipping and forwarding agent.
S.I.T. : Stopped in Transit
S.L. & C. : Shipper's Load and Count
S.L. & T. : Shipper's Load and Tally
S.O.L. : Ship Owner' Liability
S.R : Shipping Receipt
S.R. & C.C. : Strikes, riots, and civil commotions.
S.tn. : Short ton
S.W. : Shipper's weights
S/N : Shipping Note
Salvage : Rescue of goods from loss at sea or by fire; also, goods so saved, or payment made or due for their rescue.
Sanitary and Health Certificate : A statement signed by a health organization official certifying the degree of purity, cleanliness, or spoilage of goods, and the health of live animals.
Schedule B : Refers to "Schedule B, Statistical Classification of Domestic and Foreign Commodities Exported from the United States." Being replaced under the Harmonized System.
Scheduled Flight : Any service that operates to a set timetable.
SCR : Specified Commodity Rate. Applied to narrowly specified commodities. Usually granted on relatively large shipments. Theoretically is of limited time duration.
Sector : Distance between two ground points within a route.
Self-Sustaining : Vessel has its own cranes and equipment mounted on board for loading/unloading. Used in ports where shore cranes and equipment are lacking.
Service : The defined, regular pattern of calls made by a carrier in the pick-up and discharge of cargo.
Service Contract : A contract between a shipper and an ocean carrier of conference, in which the shipper makes a commitment to provide a minimum quantity of cargo over a fixed time period.
Set Up : Articles in their assembled condition.
Shipment : Freight tendered to a carrier by one consignor at one piece at one time for delivery to one consignee at one place on one bill of lading.
Shipper : Term used to describe exporter. Mostly manufacturing companies.
Shipper's Export Declaration : A form required by the Treasury Department and completed by a shipper showing the value, weight, consignee, destination, etc., of export shipments as well as Schedule B identification number.|
Ship's Manifest : An instrument in writing, signed by the captain of a ship, that lists the individual shipments constituting the ship's cargo.
Ship's Tackle : All rigging, etc., utilized on a ship to load or discharge cargo.
Short-Shipped : Cargo manifested but not loaded.
Sight Draft (S/D) : A draft that is payable upon presentation to the drawee. Compare Date draft and Time draft.
Single Entry Charter : A non-scheduled flight carrying the cargo of one shipper.
Site : A particular platform or location for loading or unloading at a place.
Split Charter : Where a number of consignments from different shippers are carried on the same non-scheduled aircraft. Under U.K. regulations a non-scheduled flight chartered by a single forwarder or agent on behalf of a number of shippers is still classified as a split charter. Under U.S. regulations, a forwarder chartered flight is classified as a single entity although it can consolidate.
Spot Exchange : The purchase or sale of foreign exchange for immediate delivery.
SS : Steamship; steam powered ship (Steam driven turbines)
Standard Industrial Classification (SIC) : A standard numerical code system used to classify products and services.
Standard International Trade Classification (SITC) : A standard numerical code system developed by the United Nations to classify commodities used in international trade.
Steamship Agent : A duly appointed and authorized representative in a specified territory acting in behalf of a steamship line or lines and attending to all matters relating to the vessels owned by his principals.
Steamship Conference : A group of steamship operators that operate under mutually agreed-upon freight rates.
Steamship Line : Company is usually composed of the following departments; vessel operations, container operations, tariff department, booking, outbound rates, inward rates and sales. the company can maintain its own in country U.S. offices to handle regional sales, operations and/or other matters or appoint steamship agents to represent them doing same. Some lines have liner offices in several regions and have appointed agents in others.
Stowage : The lacing of cargo in a vessel in such a manner as to provide the utmost safety and efficiency for the ship and the goods it carries.
Straight Bill of Lading : A nonnegotiable bill of lading in which the goods are consigned directly to a named consignee.
Strikes, Riots, and Civil Commotions : An insurance clause referring to loss or damage directly caused by strikers, locked-out workmen, persons participation in labor disturbances, and riots of various kinds. The ordinary marine insurance policy does not cover this risk; coverage against it can be added only by endorsement.
Subsidy : An economic benefit granted by a government to producers of goods or services, often to strengthen their competitive position.
Sue & Labor Clause : A provision in marine insurance obligating the assured to do things necessary after a loss to prevent further loss and to act in the best interests of the insurer.
Surety Bond : A bond insuring against loss or damage or for the completion of obligations.
Surety Company : An insurance company
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