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Common Shipping Terms


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War Risk
Perils of war or warlike operations, such as capture, seizure, arrests, restraints of kings, princesses and people, hostilities, civil war, mines, torpedo's. War risks are not covered under a policy for marine perils and must therefore be covered under a separate policy for war risks.

Warehouse
A building specially designed for receipt, storage and handling of goods.

Warehouse Receipt
Receipt for products deposited in a warehouse.

Warehousing
Those activities of holding and handling goods in a warehouse (store).

Warsaw Convention
The Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, 12 October 1929, or that Convention as amended by the Hague Protocol, 1955, stipulating obligations or parties and limitations and/or exonerations of carriers (air cargo).

Waybill
Non-negotiable document evidencing the contract for the transport of cargo.

Weight Charge
The charge for carriage of goods based on their weight (air cargo).

Wharf
A place for berthing vessels to facilitate loading and discharging of cargo.

Wharfage
The fee charged for the use of a wharf for mooring, loading or discharging a vessel or for storing goods.