Page 122 - 2017 Hotel Cost Estimating Guide

Tonnage | Generally refers to freight handled.
Unit Load | Packages loaded on a pallet, in a crate,
or any other way that enables them to be handled at

Total Revenue | Total income for a hotel from all one time as a unit.

sources, such as room charges, FF&E income, meeting
space rental income, etc.
Unit Train | A train of a speciied number of railcars,

perhaps 100, wherein the cars remain in a unit for a

Towage | The charge made for towing a vessel.
designated destination of until a change in routing is
made.

Tramp | A freighter vessel that does not run in any
V
regular trade lane but takes cargo wherever the
shippers desire.

Transship | To transfer goods from one transportation Vanning | A term sometimes used for stowing cargo
line (trade line) to another or from one ship to another.
in a container.

Transshipment Hub | A port that is employed VAT, Mexico | Valued-Added Tax on the portion of
by a carrier for transshipping its carriers from one service provided by the Mexican carrier. The invoicing

transportation line (trade lane) to another.
party is due to collect and remit this tax.

Transit Cargo | Goods onboard, which upon their Vessel’s Manifest | Statement of a vessel’s cargo or

arrival at a certain port are not to be discharged at that containers (revenue, consignee, marks, etc.)

port.
Voyage Charter | A charter party hiring a vessel for a

Transit Port | A port where cargo received are merely particular voyage in which the ship owner provides the

en route and from which they have to be transferred vessel, bunkers, and crew while the charterer supplies
and dispatched to their ultimate destination by coasters, the cargo.

barge, and so on. Also called “Transshipment Port.”

Voyage Direction | The sector of a round trip voyage
Twenty Foot (20’) Equivalent Unit (TEU) | Commonly normally denoted by the direction of the sailing.

describes 20-foot container.

Voyage Number | The numeric identiication of a trip
Uundertaken by a vessel on a ixed trade lane.

W

CP500 | Revised and updated version of UCP

operating from January 1, 1994.

War Risk | Insurance coverage for loss of goods
UN | United Nations.
resulting from any act of war.

UNCTAD | United Nations Conference on Trade and
Waybill(WB) | Adocumentpreparedbyatransportation
Development
line at the point of a shipment. Shows the point of

the origin, destination, route, consignor, consignee,

UNCTAD MMO | UNCTAD Multi-Modal Transport description of shipment, and amount charged for the
Convention
transportation service. A waybill is forwarded with the

shipment or sent by mail to the agent at the transfer

Underwriter | In marine insurance, one who subscribes point or waybill destination. Unlike a bill of lading, a
his name to the policy indicating his acceptance of the waybill is not a document of title.

liability mentioned therein, in consideration of which he

receives a premium.
Weight Cargo | A cargo on which the transportation
charge is assessed on the basis of weight.

Uniform Customs and Practice of Documentary

Credit (UCP) | The “Bankers Bible” on Documentary Wharfage | A charge assessed by a pier or dock
Credit Interpretation issued by the International owneragainstfreighthandledoverthepierordockor

Chamber of Commerce (I.C.C.)
against a steamship company using the pier or dock.

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JN+A and HVS DESIGN | HOTEL COST ESTIMATING GUIDE 2017