Tail Series	Insurance term referring to the last package to be discharged which total an insufficient number to reach the agreed "series" for application of a franchise or deductible.
Tail Shaft	Extreme section at the aft end of a ship's propeller shaft.
Tanktainer	A cylindrically-shaped container intended for transport of liquid cargo.
Tank Top	Upper Plating of a double bottom.
Tare Weight	The weight of a container, box or other carrier of goods when empty.
Tariff	A schedule of rates published by a carrier. Also can refer to the Harmonized Tariff Schedule of the United States, which covers customs duties.
Tariff Barrier	Customs duties, which are one possible barrier to imports into a country by making them more expensive.
Tariff Schedule	A comprehensive list of the goods that a country may import and the import duties applicable to each product.
Technical and Clauses Committee	A group of marine underwriters, Lloyd's and company underwriters who meet to discuss, formulate and amend marine insurance clauses which are then recommended to the London market for general use.
Technical Barrier to Trade	According to the Standards Code, a specification that sets forth characteristics or standards a product must meet (such as levels of quality, performance, safety, or dimensions) in order to be imported.
Technology Transfer	This term is used to characterize "the transfer of knowledge generated and developed in one place to another, where is it is used to achieve some practical end." Technology may be transferred in many ways: by giving it away (technical journals, conferences, emigration of technical experts, technical assistance programs); by industrial espionage; or by sale (patents, blueprints, industrial processes, and the activities of multinational corporations).
Tenor	The term fixed for payment of a draft.
Term Contract (T.C.)	A contract in which a source or sources of supply are established by competitive bid for a specific period of time, at a predetermined unit price.
Terms of Sale	The invoice is the sales contract between buyer and seller and indicates the Terms of Sale.
Terms of Trade	Terms of trade refers to the economic factors affecting a country's foreign trade in goods and services, such as dependency on foreign sourcing and relative competitiveness in production.
Third Party Liability	Legal liability to anyone other than another party to a contract (e.g. liability of one ship to another consequent upon a collision).
Through Bill of Lading	A single bill of lading converting both the domestic and international carriage of an export shipment. An air waybill, for instance, is essentially a through bill of lading used for air shipments. Ocean shipments, on the other hand, usually require two separate documents: an inland bill of lading for domestic carriage and an ocean bill of lading for international carriage. Through bills of lading are insufficient for ocean shipments. Compare Air Waybill, Inland Bill of Lading, and Ocean Bill of Lading.
TIB (Temporary Import under Bond)	A procedure in which goods are imported without payment of duty, by posting a bond to guarantee that they will be exported.
Terms of Trade	Terms of trade refers to the economic factors affecting a country's foreign trade in goods and services, such as dependency on foreign sourcing and relative competitiveness in production.
Tied Loan	A loan made by a government agency that requires a foreign borrower to spend the proceeds in the lender's country.
Time Charter	The charterer has the use of the vessel for a specified period. The shipowner supplies the crew and provisions.
Time Draft	A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft. Compare Date Draft and Sight Draft.
TL	Truckload
Tomming Off	Using wedges between cargo and the ship's side or a bulkhead to prevent movement of the goods during transit.
Tonnage	Gross Tonnage. Total internal carrying capacity of a vessel expressed in measurement tons (one measurement ton = 100 cu. ft.).
Tonnage Deck	The uppermost continuous deck in ships having less than three decks, or the second continuous deck from below.
T.O.V.A.L.P.	Abbreviation for "Tanker Owners' Voluntary Agreement Concerning Liability for Oil Pollution" An agreement subscribed by most tanker owners world-wide, whereby owners agree to pay for clean-up costs incurred by Governments in respect of oil discharged from tankers belonging to such owners.
Tow	A ship being towed.
Towage Bill	An account rendered for towage expenses.
Tower's Liability	Liability incurred by any ship or vessel incurred when she is towing another ship vessel or other object.
Trade Ullage	Natural loss to cargo (eng. evaporation).
Trading House	A company specializing in exporting and importing goods of other companies. A trading house can act as an agent to find foreign buyers on a commission basis or can act as a reseller.
Tramp Steamer	A ship not operating on regular routes or schedules.
Transaction Statement	A document that delineates the terms and conditions agreed upon between the importer and exporter.
Transship	To change carriers in a foreign port en route to a third port. Also used to refer to a country of transshipment, as: "We are shipping from Canada to Mexico transshipping across the United States."
Transhipment	The act of transferring goods from one vessel to another or from one conveyance to another including periods at transhipping ports or places.
Transire	A Customs document used when a vessel is coasting, giving full cargo details. It serves as clearance from the port of issue.
Transtainer	A vehicle used for carrying cargo containers during loading or discharge operations or within port or terminal areas (see Straddle Carrier).
Transverse	Across a ship at right angles to a line drawn from bow to stern.
TRC (Terminal Receiving Charges)	Loading charges at origin port of a steamship line or NVOCC.
Trust Receipt	Release of merchandise by a bank to a buyer in which the bank retains title to the merchandise. The buyer, who obtains the goods for manufacturing or sales purposes, is obligated to maintain the goods (or the proceeds from their sale) distinct from the remainder of his or her assets and to hold them ready for repossession by the bank.
Tween Decker	Any ship having one or more docks below the main deck.

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