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Ra Re Ri Ro Ru
Rol Rou Roy

Roll-on/roll-off (RoRo)

A combination of road and sea transport, where loaded road vehicles are driven on to a ferry or ship (roll-on/roll-off ship) and off at the port of destination. Major benefits of RoRo are reduced handling of the actual goods and…

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Rollover credit

Any line of credit that can be borrowed against up to a stated credit limit and into which repayments go for crediting. See letter of credit.

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Rounding

1. In vessel shipments, the practice of rounding up length, width and height dimensions to the nearest whole centimeter or inch in calculating the dimensional weight factor for revenue tons. 2. In air freight shipments, the practice of rounding up…

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Royalties

Compensation for the use of a person´s or company´s intellectual property rights based on an agreed percentage of the income arising from its use (e.g. to an author on sale of his/her book, to an inventor for the use of…

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