Waiting Time

Period of time between the moment at which one is ready for an activity to start and the moment at which this activity can actually begin.
Synonym: Queue Time

Waiver Clause

Clause regarding the abandonment or forsaking of a right.

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

Building specially designed for receipt, storage and handling of goods.
Synonyms: Shed, Store

Warehouse Keeper

Party that takes responsibility for goods entered into a warehouse.

Warehouse Receipt

Receipt issued by a warehouse listing goods received for storage.

Warehouse-to-Warehouse Clause

Clause in the Cargo Policy that defines when cover commences and terminates. The policy begins at the time the goods leave the warehouse of origin named in the policy, continues during the transit period until goods are delivered to the warehouse of destination named in the policy, where it terminates.

Warehousing

Those activities of holding and handling goods in a warehouse (store).

Warsaw Convention

Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, October 12, 1929, or that Convention as amended by the Hague Protocol, 1955.
Hague Protocol

Waste Disposal

Processing and/or removal to final resting place or transfer to a place for reuse or recovering of waste.

Waste Logistics

Collection of used, damaged, or outdated products and/or packaging from designated users.
Synonym: Reverse Distribution

Waybill

Non-negotiable document evidencing the contract for the transport of cargo.
Bill of Lading

Wear and Tear

Loss or deterioration resulting from ordinary use.

Weight Charge

Charge for carriage of goods based on their weight.

Weight Ton

Ton of 1000 kilograms.

Wharf

Place for berthing vessels to facilitate loading and discharging of cargo.

Wharfage

Fee charged for the use of a wharf for mooring, loading or discharging a vessel or for storing goods.

WHO

World Health Organization

Wholesaler

Intermediary between manufacturers and retailers in various activities such as promotion, warehousing, and the arranging of transport and/or distribution.

Wide-Body Aircraft

Aircraft with two corridors, such as a Boeing 747, 767, 777 and DC-10, MD11.

Without Prejudice

Claim is paid on this occasion, although the underwriter feels it does not attach to the policy. The action must not be treated as a precedent for similar future claims.

Without Reserve

Term indicating that a shipper’s agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented.
Advisory capacity

World Health Organization

Abbreviation: WHO. Global agency linked to the United Nations cooperating with other technical agencies relating to health matters at sea and on land.