Tariff A document issued by a carrier setting forth applicable rules, rates, and charges for the movement of goods. It sets up a contract of carriage between the shipper, consignee, and carrier. In international trade applications, the term also refers to a tax on imports.

Tariff Rate The rate or price schedule for transporting different items to various countries.

TEU Twenty-foot equivalent unit. Used to measure a vessel’s capacity.

THC Terminal Handling Charge.

Third Party Billing The designated payor of an invoice other than the shipper or the consignee.

Transshipment Shipment of merchandise to the point of destination in another country on more than one vessel or vehicle. The liability may pass from one carrier to the next, or it may be covered by “through bills of lading” issued by the first carriers.

TRC Terminal Receiving Charge.