The process of securing cargo aboard a vessel using chains, wires, ropes, turnbuckles, and other fittings to prevent movement during the voyage. Proper lashing is critical for vessel safety, as shifting cargo can cause a dangerous list or structural damage to the ship.
Category: Cargo & Trade
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Freight RateThe price charged by a carrier for the transportation of cargo from origin to destination, expressed per tonne, per container (TEU/FEU), or as a lump sum.Gross TonnageA measure of the overall internal volume of a vessel, calculated according to the International Convention on Tonnage Measurement of Ships (1969).IncotermsInternational Commercial Terms published by the International Chamber of Commerce (ICC) that define the responsibilities, costs, and risks between buyers and sellers in international trade transactions.Lay DaysThe range of dates within which a vessel must arrive at the loading port and present notice of readiness to the charterer.LaytimeThe period of time agreed in the charter party during which the shipowner makes the vessel available for loading or discharging cargo without additional charge.Letter of CreditA financial instrument issued by a bank on behalf of a buyer guaranteeing payment to the seller upon presentation of specified shipping documents, including the bill of lading.
Back to DictionaryEntry updated May 2026