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Over 3600 Ocean Marine, Shipping, Chat & Insurance Terms and Abbreviations
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TERM COLORS: Black = Transport - -  Blue = Insurance - - Green = Chat/Email

Chat - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

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- G -

TERM DEFINITION
g Small Grin
G Big Grin
GA Go Ahead
GA General Average
GAL Get A Life
Gantry Crane A crane or hoisting machine mounted on a frame or structure spanning an intervening space, which often travels on rails.
Gateway Industry-related: A point at which freight moving from one territory to another is interchanged between transportation lines.
GATT Abbreviation for "General Agreement on Tariffs and Trade." A multilateral treaty to help reduce trade barriers between the signatory countries and to promote trade through tariff concessions. The World Trade Organization (WTO) superseded GATT in 1994.
GBL Abbreviation for "Government Bill of Lading."
GCR See "General Cargo Rate"
GDSM Abbreviation for "General Department Store Merchandise." A classification of commodities that includes goods generally shipped by mass-merchandise companies. This commodity structure occurs only in service contracts.
GD&R Grinning, Ducking And Running
GFN Gone For Now
Gear A general terms for ropes, tackle, etc.
Geared Vessel/conveyance carries its own means of loading/unloading cargo.
General Aggregate Limit (Ins) A Commercial General Liability limit that applies to all damages paid for bodily injury, property damage, personal injury, advertising injury, and medical expenses, except damages included in the products-completed operations hazard.
General Average (Ins) - Loss resulting from a voluntary sacrifice of any part of the vessel or cargo, or an expenditure to safeguard the vessel and the rest of the cargo. When such a loss occurs, it is paid on a pro rata basis by the ship owner and all cargo owners. Intentional act or sacrifice that is carried out to safeguard vessel and cargo. When a vessel is in danger, the master has the right to sacrifice property and/or to incur reasonable expenditure. Measures taken for the sole benefit of any particular interest are not considered general average.
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An Ocean Marine coverage meaning a partial loss which has resulted from the voluntary and deliberate sacrifice of some cargo for the benefit of all concerned, and which must be shared by all parties (owners of ship, cargo and freight) in proportion to their interest. For example, if 100 containers were jettisoned from a 1000 container load in order to protect the ship, the owners of the remaining 900 containers, the owners of the ship, and the owners of the freight would all contribute to offset the losses of those whose cargo was jettisoned for the benefit of the whole.
General Average Act (York-Antwerp Rules) There is a general average act when, and only when any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure.
General Average Contribution (Ins) The proportionate shares of the vessel owner and each of the cargo owners in order to make up the expenditure or sacrifice incurred for the common good.
General Average Deposit (Ins) Paid by a consignee to obtain release of the cargo from the carrier following a general average act. This may be replaced by an Underwriter's guarantee.
General Average Guarantee (Ins) Paid by a consignee to obtain release of the cargo from the carrier following a general average act. This may be replaced by an Underwriter's guarantee.
General Average In Full (Ins) An agreement in a cargo insurance whereby Underwriters do not reduce a claim for general average contribution in event of underinsurance.
General Average Sacrifice The voluntary destruction of part of the vessel or the cargo, or the deliberate expenditure of funds in time of grave peril, which is successful in avoiding total disaster
General Average Security Documents the cargo owner presents to the General Average Adjuster to replace the vessel owner's maritime lien on cargo for its share of General Average and to obtain release of the goods by the Steamship Company. G.A. Security consists of a G.A. Bond and either a cash deposit or an Underwriter's Guarantee.
General Average Statement This shows in detail all general average costs and expenses and the contribution of each interest in the general average in proportion to its value
General Cargo A non-bulk oil cargo composed of miscellaneous goods.
General Cargo Carrier Breakbulk freighters, car carriers, cattle carriers, pallet carriers and timber carriers
General Cargo Rate (GCR) The rate for the carriage of cargo other than a class rate or specific commodity rate.
General Commodity Rate (GCR) See "General Cargo Rate"
General Exclusion Clause (Ins) A clause in the Institute Cargo Clauses 1982, which specifies risks that are excluded, irrespective of the risks covered elsewhere in the wording.
General Order (G.O.) When U.S. Customs orders shipments without entries to be kept in their custody in a bonded warehouse.
Generator Set (Gen Set) A portable generator which can be attached to a refrigerated container to power the refrigeration unit during transit.
Germanischer Lloyd German Classification Society
GIT See "Goods In Transit"
GIWIST Gee I Wish I'd Said That
GL Good Luck
GLS / GLSS Gearless
GMAB Give Me A Break
GMDSS Global Maritime Distress and Safety System
GMTA Great Minds Think Alike
GNCN GenCon "General Conditions"
GN Grain
GO - Gas Oil
- See "General Order"
Go-Down In the Far East, a warehouse where goods are stored and delivered.
Going-Concern Value The value that a firm has as an entity, as opposed to the sum of the values of each of its parts taken separately; particularly important in determining a reasonable railroad rate.
GOL Giggling Out Loud
Goods Control Certificate Document issued by a competent body evidencing the quality of goods described therein, in accordance with national or international standards, or conforming to legislation in the importing country, or as specified in the contract
Gondola A railcar with a flat platform and sides three to five feet high, used for top loading long, heavy items.
Good Faith (Ins) A basic principle of insurance. The Assured and his broker must disclose and truly represent every material circumstance to the Underwriter before acceptance of the risk. A breach of good faith entitles the Underwriter to avoid the contract. (Proposed changes in law may affect this definition - also see "Utmost Good Faith".)
Goods - Common term indicating movable property, merchandise, or wares
- All materials which are used to satisfy demands
- Whole or part of the cargo received from the shipper, including any equipment supplied by the shipper.
Goods In Transit (GIT) The goods which have departed from the initial loading point and not yet arrived at the final unloading point.
Goods Receipt Document issued by a port, warehouse, shed, or terminal operator acknowledging receipt of goods specified therein on conditions stated or referred to in the document.
Gooseneck The front rails of the chassis that raise above the plane of the chassis and engage in the tunnel of a container leading to the connection to tractor.
Government Impelled Cargo owned by or subsidized by the Federal Government
GP Grain Capacity (cubic capacity in "grain"
GPS Global Positioning System
GR Geographical Rotation (ports of call)
Grace Period See "Days of Grace"
Grandfather Clause A provision that enabled motor carriers engaged in lawful trucking operations before the passage of the Motor Carrier Act of 1935 to secure common carrier authority w/o proving public convenience and necessity; a similar provision exists for other modes.
GRD Geared
GRI Abbreviation for "General Rate Increase." Used to describe an across-the-board tariff rate increase implemented by conference members and applied to base rates.
GRT Gross Registered Tonnage
Gross Freight Freight money collected or to be collected without calculating the expenses relating to the running cost of the ship for the voyage undertaken
Gross Manifest A manifest containing freight details without any appropriate disbursements.
Gross Tonnage (GT)

Applies to vessels, not to cargo, (0.2+0.02 log10V) where V is the volume in cubic meters of all enclosed spaces on the vessel.

Gross Weight Entire weight of goods, packaging and freight car or container, ready for shipment. Generally, 80,000 pounds maximum container, cargo and tractor for highway transport.
Grounding Deliberate contact by a ship with the bottom while she is moored or anchored as a result of the water level dropping
Groupage A consolidation service, putting small shipments into containers for shipment.
Groupage Agent One who consolidates LCL consignments to offer to a carrier as an FCL
Groupeur See "Groupage Agent"
GSB Good Safe Berth
GSP Good Safe Port
GTDI European Guidelines for Trade Data Interchange
GTEE Guarantee
GTRM Going To Read Mail
GTSY Glad To See You
Guaranteed Freight Freight payable whether the goods are delivered or not, provided the failure to deliver the goods resulted from causes beyond the carrier's control.
Guaranteed Renewable Policy (Ins) A policy which the insured has the right to continue in force by the timely payment of premiums to a specified age, (usually age 50) during which period the insurer has no right to make unilaterally any change in any provision of the policy while the policy is in force but make changes in premium rates for the entire policyholder classification. (See also "Non-Cancelable Policy".)
GUI Graphical User Interface
Gunwale Upper edge of a ship's sides
GVW Abbreviation for "Gross Vehicle Weight." The combined total weight of a vehicle and its container, inclusive of prime mover.
   
 
DISCLAIMER:   These terms and definitions have been gathered from many sources public and private. This list is designed to serve as a reference. No warranty for the accuracy is stated nor implied.

HOME

Over 3600 Ocean Marine, Shipping, Chat & Insurance Terms and Abbreviations
To jump to a section, click the letter. (Opens in new browser window)
Some letters have several hundred entries and may take some time to download
TERM COLORS: Black = Transport - -  Blue = Insurance - - Green = Chat/Email

Chat - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

5 Steps + 2 Minutes = AllCovered --- Paperless -- No Monthly Reporting
-- Cargo - Bonds - BOL Liability/E&O - Warehouse - Business Insurance --

-- We have Logistics AllCovered --

These terms, abbreviations and descriptions have been gathered from many sources
online and in print. No warranty for their accuracy is stated nor implied.

 

Last Updated:
Monday, 08 June 2009 14:25:48 -0400

 

 

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Debbie Miller
Customer Service - Allcovered.net
Ocean Marine Division; Allen Insurance Group
Voice: +1.478.825.5566 Ext. 108
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Email: debbie.miller@allcovered.net

 

 

 

 

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