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Radioactive Material - As defined in Hazardous Materials Regulations in 49 CFR, any material or combination of materials which spontaneously emits ionizing radiation, and has a specific gravity greater than 0.002 micro curies per gram. The regulations include many more specific designations of radioactivity.
Rage Top - A slang term that refers to an open-top trailer with a tarp cover
Rail Division - The sum of money an ocean carrier pays to a railroad for overland transportation.
Rail Grounding - The time that a container was discharged or grounded from a train.
Ramp - A railroad terminal where containers are received or delivered and trains are loaded or discharged. Most modem rail facilities have equipment that is used to hoist containers onto flatcars.
Ramp-to-Door - A movement where the load initiates at an origin rail ramp and terminated at a consignee's door I facility.
Ramp-to-Ramp -A movement of equipment from an origin rail ramp to a destination rail ramp only.
Rate - Established shipping charge for movement of goods, in interstate transportation price/rate is approved by Interstate Commerce Commission, intrastate by public service commission or similar body.
Rate Basis - Formula of specific-factors/elements that control making of rate.
Rate War - When carriers cut rates in an effort to secure tonnage, can occur in all commodities.
Ready Reserve Force (RRF) - U.S. government-owned fleet of commercially designed deep-draft ships of various configurations and capabilities maintained by MARAD to respond within four, fine, ten or twenty days to national emergency sealift requirements, particularly the movement of military unit equipment.
Receiver - The activity or agency at which the DTS shipment terminates. The activity is usually the ultimate consignee, but may also be the agent for the ultimate consignee (e.g., a central receiving point or a temporary storage point for the ultimate consignee).
Reasonable Rate - A rate that is high enough to cover the carrier's cost but not too high to enable carrier to realize monopolistic profits.
Rebate - Unlawful practice in which carrier returns part of transportation charges to shipper, done to encourage shipper to use same carrier again.
Reciprocity - The practice by which governments extend similar concessions to one another.
Reconsignment - The changing of the consignee or destination on a bill of lading while shipment is still in transit. Diversion generally means the same thing.
Red Clause (Letter of Credit) - A special clause included in a documentary Jetter of credit which allows the seller to obtain an unsecured advance from the correspondent bank to finance the manufacture or purchase of goods to be delivered under the documentary Jetter of credit.
Red Label - A label that is required on shipments that contain flammable materials I cargo.
Released Value Rate - A rate that is applied to a shipment to specifically limit the carrier's liability in the event of damage or loss.
Reefer - A container, with a self-contained refrigeration unit, used for the transport of perishable cargo.
Register (of Ships) - Vessel must be registered in merchant marine of some country after inspection, rating, measurement, etc; this register, kept by collector of customs, contains names, ownership and other facts relative to vessels.
Re-Insurance - Insurance of all/part of risk by another insurer, previously assumed by an insurance company.
Related Points - A group of points to which rates are made the same way as they are in relation to rates to other points within the same group.
Relay Restricted Articles - The act of transferring containers from one vessel to another. Only certain conditions allow the handling of articles.
Relocation Assistance Program (RAP) - RAP is designated to provide comprehensive services and support related to relocation.
Remitting Bank - A bank that sends a draft to an overseas bank for collection.
Replevin - A legal action that involves the recovery of property brought by the owner or party entitled to repossess the property against a party that has kept it wrongfully.
Representative - See Foreign Sales Agent.
Required Delivery Date (ROD) - The calendar date when material is required by the requisitioner.
Requirement Contract - An agreement by which a seller promises to supply all of the specified goods or services that a buyer needs during a designated amount of time and at a fixed price. In return, the buyer agrees to buy such goods and services exclusively from the seller during that time frame.
Requirements Channel - AMC channel that services two pints on a recurring basis, with actual movements dependent on volume of traffic.
Retaliation - Action taken by one country to restrain its imports from another country that has increased a tariff or imposed other measures that adversely affect the first country's exports.
Retrograde Cargo - Cargo moving in the reverse direction of the normal flow of material provided in support of the using theater.
Revenue Ton - A ton on which the shipment is freighted. Cargo is rated using weight or measure (W/M), the revenue to will be the one that produces the greater revenue.
Reverse IPI - In the U.S., an inland point provided by an all-water carrier's through bill of lading, by first discharging the container in an East Coast port.
Reverse Swap - A swap which offsets the interest rate or currency exposure on an existing swap.
Revocable Letter of Credit - A letter of Credit that can we canceled or altered by the drawee (buyer) after it has been issued by the drawee's bank. Compare with Irrevocable Letter of Credit.
Revolving Letter of Credit - A letter of credit that is automatically restored to its full amount after the completion of each documentary exchange.
RO/RO Ship - The acronym meaning "Roll on/Roll off' which denotes a vessel having one or more ramps on which cargo may be driven on or off, thereby having the capability of carrying various types of vehicles.
Roll - The moving of cargo to a down-line, or later vessel.
Rolling - The side-to-side (athwartship) motion of a vessel.
Route - The manner in which a shipment moves. For example, the carriers handling the shipment and the points at which the carriers interchange made-up the route of a shipment.
Routing - The route a shipment will take on its way to its final destination. Routing refers to the route itself, as well as to the mode(s) of transportation and type of carrier service.
Running Gear - Equipment provided free of charge for terminal and over-the-road handling containers.
RVNX - Abbreviation for Released Value Not Exceeding. It is generally used to limit the value of goods being transported. The limit refers to carrier liability when paying a claim for lost or damaged goods.