Logistics terms W
Waiting costs
The agreed transport price includes a portion of waiting costs. These are the costs for the free time needed for the loading or unloading of the goods. With container transport, that is two hours. After this free time, additional costs are charged by the carrier on the basis of a previously agreed (part-)hourly rate.
Waiting Time
A rate referring to a period outside the allocated free time that a driver must wait while the customer loads or empties a container. The agreed rate for the trucking includes two hours of free time. This means that, as a supplier or customer, you have two hours to load or unload a container. In case it is not possible to load or unload the container within these two hours, waiting costs arise. When it can be estimated in advance that two hours will be far too little, you can choose to have the container delivered to you and collected again later. This does, however, entail additional costs. Per situation it must be determined what is more efficient, additional waiting costs or the costs of collecting the container again later.
Waiver
A Cargo Tracking Note or Waiver is used in some West African countries so that authorities in the country of destination are provided with information about the goods, the shipper and the consignee as early as the 'pre-arrival phase'. This may be necessary, for example, to comply with the requirements of the ISPS code (International Ship and Port Facility Security code). Waivers contain the following information: name of the shipper, method of shipment, description and value of the goods, name of the vessel and the freight costs. The waivers must be in the hands of the receiving authorities before the ship arrives. Where these waivers must be applied for differs per country. The Freight Hero can assist you with the application for this document. A waiver is mandatory for the following countries: - Angola - Benin - Burkina Faso - Cameroon - Central African Republic - Congo - Cote d'Ivoire - DR Congo - Gabon - Ghana - Guinea - Libya - Madagascar - Mali - Niger - Nigeria - Senegal - Tanzania - Togo
War risk
In connection with the threat of war, an increased risk applies for some areas/ports for shipping lines. These shipping lines see this risk reflected in their costs in the form of increased insurance premiums. Therefore, for the duration of this threat of war, an additional surcharge is charged on top of the sea freight.
Warehouse
A building specially designed for the receipt, delivery, consolidation, distribution and storage of goods / freight.
Warehouse entry
The document that identifies the goods when they are placed in a bonded warehouse. At that moment, no import duties are yet paid or VAT remitted on the products; this only happens at the moment the goods leave the warehouse for delivery to the customer or the end user.
Warehousekeeper
Warehousekeeper is the operator of a customs warehouse.
Waybill
A document drawn up by a carrier at the time of shipment, showing the origin, destination, route, sender, consignee, description of shipment and the amount charged for the transport service. A waybill is sent along with the shipment or sent by post to the destination of the freight. In contrast to a Bill of Lading, a Waybill is not a document of title to the goods.
Wear and tear
Wear and tear is the term for damage, through normal use, to containers, trailers, cranes, ships, and so on.
Weather permitting
Weather permitting is the time in which work cannot be carried out due to the weather; it is not deducted from the agreed time to load/unload.
Weight Load Factor
The loaded quantity of goods in relation to the maximum quantity of goods to be loaded, expressed as a percentage. Sea freight shipments are usually limited by their volume rather than by the weight. Weight load factors of 100% are rarely achieved.
