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  Essentially this page is designed to help those of us who are not naturals to the world of shipping's terms and phrases.


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GATT

Abbreviation for "General Agreement on Tariffs and Trade." A multilateral treaty to help reduce trade barriers between the signatory countries and to promote trade through tariff concessions. The World Trade Organization (WTO) superseded GATT in 1994.
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General Average

A claim made by ship owners / vessel operators on all parties involved in the movement of cargo on board a vessel which has been involved in an incident (collision etc). All exporters/importers pay a percentage of their insured value to compensate the carrier for damage sustained.
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Generator Set (Gen Set)

A portable generator which can be attached to a refrigerated container to power the refrigeration unit during transit.
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Go-Down

In the Far East, a warehouse where goods are stored and delivered.

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Gooseneck

The front rails of the chassis that raise above the plane of the chassis and engage in the tunnel of a container leading to the connection to tractor.
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GRI

Abbreviation for "General Rate Increase." Used to describe an across-the-board tariff rate increase implemented by conference members and applied to base rates.
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Gross Weight

Entire weight of goods, packaging and  container, ready for shipment.
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Groupage

A consolidation service, putting small shipments into containers for shipment.
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GVW

Abbreviation for "Gross Vehicle Weight." The combined total weight of a vehicle and its container, inclusive of prime mover.



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