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A-Z Dictionary of Export, Trade and Shipping Terms

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

W

Waiting Time
The period of time between the moment at which one is ready for an activity to start and themoment at which this activity can actually begin.
See also: Queue Time
Waiver Clause
Clause in a marine insurance policy stating that no acts of the insurer or insured inrecovering, saving or preserving the property insured, shall be considered a dismissal from oracceptance of abandonment.
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 coveredunder a policy for marine perils and must therefore be covered under a separate policy forwar risks.
Warehouse
A building specially designed for receipt, storage and handling of goods.
Warehouse Keeper
Party who takes responsibility for goods entered into a warehouse.
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 (aircargo).
Waste Disposal
Processing and or removal to final resting place or transfer to a place for re-use or recoveringof waste.
Waste Logistics
The collection of used, damaged, or outdated products and or packaging from designatedusers.
Waybill
Non-negotiable document evidencing the contract for the transport of cargo.
Wear and Tear
Loss or deterioration resulting from ordinary use.
Weight Charge
The charge for carriage of goods based on their weight (air cargo).
Weight Ton
A ton of 1000 kilos.
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 forstoring goods.
Wholesaler
An intermediary between manufacturers and retailers in various activities such as promotion,warehousing, and the arranging of transport and or distribution.
Work Load
The quantity of work ahead assigned to a certain facility such as a work station, capacitygroup or a department respectively staff-member.
World Health Organization
Abbreviation: WHO
The global agency linked with the United Nations and co-operating with other technicalagencies relating to health matters at sea and on land.
World Meteorological Organisation
Abbreviation: WMO
The United Nations agency dealing with meteorological issues.
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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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