Glossary
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W
| War Risk |
(1) Insurance coverage for loss of goods resulting from my
act of war.
(2) Surcharge for covering additional insurance premium incurred a vessel entering a war zone. |
|---|---|
| Waybill | See Seawaybill. |
| Weights |
Gross/Long Ton: 2,240 lbs. (1016 kg).
Net/Short Ton: 2,000 lbs (907.19 kg). Metric/Kilo Ton: 2,204.6 lbs (1,000 kg). |
| Wharf | A structure built on the shore of ta harbor extending into deep water so that vessels may lie alongside. Also known as pier or quay. |
| Wharfage | Charge assessed by a pier or dock owner against freight handled over the pier or dock or against a steamship company using the pier or dock. |
| W.M. (W/M) | Abbreviation for "Weight or Measurement;" the basis for assessing freight charges. The rate charged under W/M will be whichever produces the highest revenue between the weight of the shipment and the measure of the shipment. The comparison is based on the number of metric tons the cargo weights compared to the number of cubic meters of space the cargo measures. |
| WWD | Weather Working Days. |