Salvage – The rescue of goods from loss at sea or by fire. Also, goods so saved, or payment made or due for their rescue.
Schedule B – Refers to ”Schedule B, Statistical Classification of Domestic and Foreign Commodities exported from the U.S.A.” This is being replaced under the Harmonized System.
Scheduled Flight – Any service that operates under a set timetable.
SCR (Specified Commodity Rate) – A rate applied to narrowly specified commodities and usually granted on relatively large shipments. Theoretically, it is of limited time duration.
Sector – The distance between two ground points within a route.
SED – (See Shipper’s Export Declaration)
Self-Sustaining – A vessel that has its own cranes and equipment mounted on board for loading and 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.
S&FA – Shipping and Forwarding Agent.
Ship’s Manifest – An instrument in writing containing a list of the shipments constituting the ship’s cargo.
Ship’s Tackle – All rigging, etc., utilized on a ship to load or discharge cargo.
Shipment – Freight tendered to a carrier by one consignor at one place at one time for delivery to one consignee at one place on one bill of lading.
Shipper – Term used to describe an exporter (usually a manufacturing company).
Shipper’s Export Declaration (SED) – A form required by the U.S. Treasury Department and completed by a shipper showing the value, weight, consignee, and destination of export shipments as well as the Schedule B identification number.
Shipping Act – Created in 1916 and revised in 1984, the Shipping Act is a comprehensive legislative act defining the U.S. ocean freight industry. This legislation defines the rules and regulations governing the business practices of steamship companies, non vessel operating carriers, and freight forwarders.
Short-Shipped – Cargo manifested but not loaded.
Sight Draft – A draft payable upon presentation to the drawee. (Compare with Date Draft and Time Draft.)
Single Entry Charter – A non-scheduled flight carrying the cargo of one shipper.
SIP (Solicitud de InspecciÛn Pre-Embarque) – A pre-inspection order.
SIT – Stopped in Transit.
Site – A particular platform or location for loading or unloading at a place.
SL&C – Shipper’s Load and Count.
SL&T – Shipper’s Load and Tally.
S/N – Shipping Note.
SOL – Ship Owner’s Liability.
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.
SR – Shipping Receipt.
SR&CC – Strikes, riots, and civil commotions.
SS – Steamship; Steam-powered Ship (steam-driven turbines).
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 on behalf of a steamship line or lines and attending to all matters relating to the vessels owned by his principals.
Steamship Line – A company usually having the following departments: vessel operations, container operations, tariff department, booking, outbound rates, inward rates, and sales. The company can maintain its own in-country offices to handle regional sales, operations, or other matters, or appoint steamship agents to represent them doing the same. Some lines have liner offices in several regions and appointed agents in others.
S. tn. – Short ton.
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.
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 Cause – 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.
SW – Shipper’s Weights.