Glossary of Shipping Terms
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AAAARAbbreviation for: AbaftA point beyond the midpoint of a ships length, towards the rear or stern. AbandonA proceeding wherein a shipper/consignee seeks authority to abandon all or parts of their cargo. AbatementA discount allowed for damage or overcharge in the payment of a bill. ABIU.S. Customs' "Automated Broker Interface," by which brokers file importers' entries electronically. AboardReferring to cargo being put, or laden, onto a means of conveyance. AbsorptionOne carrier assumes the charges of another without any increase in charges to the shipper. Acceptance- A time draft (or bill of
exchange) that the drawee (payer) has accepted and is unconditionally
obligated to pay at maturity. Accessorial ChargesCharges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency, destination/delivery. AcquiescenceWhen a bill of lading is accepted or signed by a shipper or shipper's agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent. AcquittanceA written receipt in full, in discharge from all claims. ACS (A.C.S.)U.S. Customs' master computer system, "Automated Commercial Systems." Act of GodAn act beyond human control, such as lightning, flood or earthquake. Ad ValoremA term from Latin meaning, "according to value." Administrative Law JudgeA representative of a government commission or agency vested with power to administer oaths, examine witnesses, take testimony, and conduct hearings of cases submitted to, or initiated by, that agency. Also called Hearing Examiner. Admiralty (Adm.)Refers to marine matters such as an Admiralty Court. AdvanceTo move cargo up line to a vessel leaving sooner than the one booked. (See "Roll.") Advanced ChargeTransportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee. AdventureShipment of goods on shipper's own account. A bill of adventure is a document signed by the master of the ship that carries goods at owner' risk. Advice of ShipmentA notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the bill of lading. Advising BankA bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank. Affreightment, Contract ofAn agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer. AftMovement toward the stern (back end) of a ship. Agency TariffA tariff published by an agent on behalf of several carriers. Agent (Agt.)A person authorized to transact
business for and in the name of another person or company. Types of agent
are: Aggregate ShipmentNumerous shipments from different shippers to one consignee that are consolidated and treated as a single consignment. Agreed valuationThe value of a shipment agreed upon in order to secure a specific freight rate. Agreed WeightThe weight prescribed by agreement between carrier and shipper for goods shipped in certain packages or in a certain number. A.I.D.Agency for International Development. Air WaybillThe forwarding agreement or carrying agreement between shipper and air carrier and is issued only in nonnegotiable form. All InThe total price to move cargo from origin to destination, inclusive of all charges. AlongsideA phrase referring to the side of a ship. Goods delivered "alongside" are to be placed on the dock or barge within reach of the transport ship's tackle so that they can be loaded. Alternative RatesPrivilege to use the rate producing the lowest charge. Ambient TemperatureThe temperature of a surrounding body. The ambient temperature of a container is the atmospheric temperature to which it is exposed. American Bureau of ShippingU.S. classification society which certifies seagoing vessels for compliance to standardized rules regarding construction and maintenance. AMSThe U.S. Customs' "Automated Manifest System." Anti-Dumping DutyA tariff imposed to discourage sale of foreign goods, subsidized to sell at low prices detrimental to local manufacturers. Any Quantity (A.Q.)Usually refers to a rating that applies to an article regardless of size or quantity. Apparent Good OrderWhen freight appears to be free of damage so far as a general survey can determine. AppraisementDetermination of the dutiable value of imported merchandise by a Customs official who follows procedures outlined in their country's tariff, such as the U.S. Tariff Act of 1930. Appraiser's StoresThe warehouse or public stores to which samples of imported goods are taken to be inspected, analyzed, weighed, etc. by examiners or appraisers. ArbitraryA stated amount over a fixed rate to one point to make a rate to another point. Average See insurance. Arrival NoticeA notification by carrier of ship's arrival to the consignee, the "Notify Party," and - when applicable - the "Also Notify Party." These parties in interest are listed in blocks 3, 4 and 10, respectively, of the Bill of Lading. ASC X12American Standards Committee X12 responsible for developing EDI standards for the United States. AssignmentA term commonly used in connection with a bill of lading. It involves the transfer of rights, title and interest in order to assign goods by endorsing the bill of lading. Astern- Behind a vessel A.T.A.American Trucking Association. ATDNSHINC Any time Day or Night Sundays & Holidays Included. AthwartshipsA direction across the width of a vessel. Avoirdupois PoundSame as 0.4535924277 kilograms. AWWL Always within Institute Warranties Limits (Insurance purpose). |

