Steamship agent

A duly appointed and authorized representative in a specified territory acting on behalf of a steamship line or lines and attending to all matters relating to the vessels owned by his principals.

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Steamship line

A company usually having the following departments: vessel operations, container operations, tariff department, bookings, outbound rates, inward rates, and sales. The company can maintain its own in-country offices to handle regional sales, operations, or other matters, or appoint steamship agents to…

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Stevedore

A person having charge of the loaded and unloading of ships in port. Also called longshoreman.

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Stop loss order

An order to buy (on a short position) or to sell (on a long position) foreign exchange if the rate rises above or falls below a specific limit. As soon as the rate reaches the prescribed limit, the order will…

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