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War Risks - Those risks related to two (or more) belligerents engaging in hostilities, whether or not there has been a formal declaration of war. Such risks are excluded by the F.C. & S (Free of Capture and Seizure) warranty, but may be covered by a separate War Risk Policy, at an additional premium.
Warehouse - A place for the reception, delivery, consolidation, distribution, and storage of goods/cargo.
Warehouse Entry - The document that identifies goods imported when placed in a bonded warehouse. Duty is not imposed on the products while they are in the warehouse, but will be collected when they are withdrawn for delivery or consumption.
Warehouse Receipt - A receipt supplied by a warehouseman for goods he has placed in storage.
Warehouse Withdrawal for Immediate Exportation (WDEX) - Allows merchandise that has been withdrawn from a bonded warehouse at one U.S. port to be exported from the same port without paying duty.
Warehouse Withdrawal for Transportation (WDT) - Allows merchandise that has been withdrawn from a bonded warehouse at one port to be transported in bond to another port, where a superseding entry will be filed.
Warehouse Withdrawal for Transportation Exportation (WDT & E) - Allows merchandise that has been withdrawn from a bonded warehouse at one port to be transported in bond through the U.S. to be exported from another port, without paying duty.
Warehouse to Warehouse Clause - The clause in the Cargo Policy that defines when coverage commences and terminates. It is the policy intent to attach at the time the goods leave the warehouse of origin named in the Policy and to continue while the goods are in due course of transit until delivered to the warehouse of destination named in the Policy, where it terminates.
Warehousing - The storing of goods and cargo.
Waterway - A route within one or more bodies of water used for commercial navigation.
Waybill - 1.Description of goods sent with a common carrier freight shipment; 2. A document containing a list of goods and shipping instructions relative to a shipment.
Weight - In shipping, weight is qualified further as gross (weight of goods and container), net (weight of goods themselves without any container) and legal (similar to net, determined in such manner as law of particular country/jurisdiction may direct).
Weight Cargo - Cargo on which transportation charges are assessed based on weight.
Weight and Measure -
- Measurement ton: 40 cubic ft.
- Net ton or short ton: 2,000 lbs.
- Gross ton or long ton: 2,240 lbs.
- Metric ton or kilo ton: 2,204.6 lbs.
- Cubic meter: 35.314 cubic ft.
Weigh Out - To load dense freight, and to reach a vehicles weight limits without filling its empty space.
Well Car - Also known as stack car. A drop-frame rail flat car.
Wharf- Loading I discharging terminal built parallel to stream/shore line.
Wharfage (Whfge.) - A charge assessed by a pier or dock owner for handling incoming or outgoing cargo.
WHO - World Health Organization
Wide Body - An aircraft that is configured so that it can accept larger pieces of cargo.
Wind (Shipping) - Declaring that a shipment weights more than it does in order to pay a much lower rate per pound and a lower overall rate per shipment.
Without Recourse - When drafts are negotiated without recourse, beneficiary is relieved of responsibility to holder of draft to extent permissible under contract involved and under law governing transaction.
Without Reserve - A term indicating that the shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented. Compare with "Advisory Capacity".
W.M. (W/M) - Abbreviation for Weight or Measurement. The basis for assessing freight charges. Also referred to as worm. The rate charged under W/M will be whichever produces the highest revenue between the weight of the shipment and the measurement/volume of the shipment.
Working Capita1 Fund (WCF) - A revolving industrial fund concept for a large number of defense support functions, including transportation. Utilizes business-like cost accounting to determine total cost of business activity.
World Bank - A quasi-U.S. organization that is involved with large project loans throughout the world.
WPA - Abbreviation for With Particular Average.
W.T.L. - Western Truck Lines.