Shipping conferences, aside from setting rates, adopt a wide number of policies such as allocation of customers, loyalty contracts, open pricing contracts, etc. The terms in this glossary have been carefully selected by valvedepot. A nuncupative will is an oral will that is generally considered to be a deathbed will. Ncags personnel act as a liaison between military commanders and the civil authorities. Following, are the thirteen terms of sale in international trade as terms of sale reflected in the recent amendment to the international chamber of commerce terms of trade incoterms, effective july 1990. Describing the position of an object from on board a ship. Under this term, the seller has same obligations as under the cfr, but also has to procure marine insurance against the buyers risk of loss or damage to the goods during the carriage. It is the type of will that is made by a person with a terminal illness or other lifethreatening condition that makes it impossible to prepare a written document that complies with all the formal requirements for a valid will. An insiders guide to the best practices from the industry published online. Delivery terms a contractual designation of location of delivery, the time of delivery and shipping costs. Enter your email address for news, ideas, and sales notices. An application that expedites the clearance of cargo for the subsequent release of containers. The objective is measurable in terms cost, speed, quantity and or quality.
Oecd glossary of statistical terms cargo carrying ship. The party that hires a vessel under the charterpart y. These standard trading terms and conditions are effective from 1 april 20 till 31 march 2014. Glossary of terms accessorial charges charges that are applied to the base tariff rate or base contract rate, e. Disclaimer this information is disseminated under the sponsorship of the u. Fee established by airline for handling shipment awb. Actions break the work towards an objective into manageable, measurable actions you will take. Nema rating of enclosures is similar to the ip rating system.
Accumulated depreciation is the cumulative depreciation of an asset up to a single point in its useful life. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Glossary of international shipping terms old dominion freight line. Any misuse of the course material should be reported to. En pdf common shipping terms and abbreviations school of shipping. Glossary of terms used by the registrar general of shipping. Pdf glossary of shipping terms waleed saleh academia. Natural gas fossil fuel formed almost entirely of methane.
A unit of measurement of the volume of all ships enclosed spaces measured to the outside of the hull framing. Are you confused by shipping terminology we have compiled the most common used abbreviations used in the shipping worldread on and never be confused again. A term of sale which means the ddu term has been fulfilled when the goods have been available to the buyer on the quay wharf at the named port of destination, cleared for importation. Glossary of shipping terms beginning with the letter n. It is a gradual increase by addition over a period of time and is a way of recognising that an expense or revenue and the related liability or asset can increase over time and not as signalled by an explicit cash transaction. This is how they are often referred to in the industry. The producing of goods or wares by manual labour or machinery, often. The area immediately in front of or behind a wharf shed on which cargo is. The primary objective of the rgss, which was established by the 1854 consolidated merchant shipping act, was to enforce this legislation and later 1894. The terms represent a set of international rules for the interpretation of the principal terms of delivery used in trade contracts.
Acquiescence when a bill of lading is accepted or signed by a shipper or shippers agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent. Net weight the weight, or mass, of the goods themselves without any. The objective is timebound, and should be completed by a specific date. Specifies the terms under which the air carrier is agreeing to transport the goods and contains limitations of liability. Freight rates quoted on a fios basis specifically exclude all aspects relating to cargo handling operations. Owners of containerships that charter vessels to shipping service operators, known as liner companies, rather than directly operating container shipping services for shippers. Introduction to basic shipping terms break bulk means coffee is stowed in the ships hold in bags the cargo is loose. Those measures should produce faster and better targeted customs controls, and consist in the analysis and electronic exchange of risk information between customs. Registrargeneral of shipping and seamen rgss previously the registrargeneral of shipping refers to the position, the office, and the department under the board of trade. A method of financial accounting where revenues are recorded when earned instead of when received, and expenses are recorded when incurred instead of when paid.
The letters, numbers or other symbols placed on the outside of cargo to facilitate identification. A notification by carrier of goods arrival to consignee. Manifest a list of the various shipments being carried on a ship or aircraft. These terms and conditions, together with those incorporated herein or referred to herein constitute the entire agreement between us relating to the subject matter hereof, and supersedes any prior understandings or agreements whether oral or written regarding the subject matter, and may not be amended or modified except in writing or by. Common shipping terms the art of retail buying wiley. Cutoff time closing time the latest time a container may be delivered to a terminal for loading to a scheduled barge, vessel, train, or truck. Glossary of shipping terms a shipment freight terms.
The cfr term requires the seller to clear the goods for export. Daily running cost cost per day of operating a ship. An independent society that certifies that a vessel has been built and. The notice of readiness nor is the document used by the captain of the ship, in the event of voyage chartering, to notify that his ship is ready, in every respect, to load andor unload the goods. Weight tons can be expressed in terms of short tons of 2,000 pounds, long tons of 2,240 pounds, or metric tons of 1,000 kilograms 2,204. Glossary of shipping terms a2z mainfreight singapore. International commercial terms incoterms are internationally recognized standard trade terms used in sales contracts. Glossary of purchasing and warehouse inventory terms. It may have several surcharge fact ors applied to it. Document containing agreement details between the shipper and air carrier arrival notice. Bill of lading bl this is the official legal document that represents ownership of cargo. A bill of adventure is a document signed by the master of the ship that carries goods at owners risk. Liner terms freight rates which include loadingunloading charges, generally with regular shipping lines. The general cargo ship often has its own cranes and derricks for loading and discharging cargo.
Historically, eastern bloc country shipping lines have not joined these conferences. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. Glossary of shipping terms beginning with the letter n med. Shipping weight represents the gross weight in kilograms of shipments, including the weight of moisture content, wrappings, crates, boxes, and containers other than cargo vans and similar substantial outer containers.
The european union imposed a new regulation for all shipments coming from all countries except for norway and switzerland. For these assessments, the a sample is the operational national main andor state assessment. Port charge relating to a vessel moored at approved anchorage site in a harbor. Econo delivery time the time during the day and for the days of the week, during which the receiving unit will spot and unload trucks and rail cars. Get the easy explanations of what it all means at shippo here we provide glossary of shipping terms and freight terms with further explanations of common terms. En pdf common shipping terms and abbreviations school. Introduction to basic shipping terms the coffee guide. Sometimes the bags are left in the loading slings to speed up discharge at destination, at the expense though of less freight capacity per cubic metre. Sources drawn on in developing definitions for this glossary include. Shipping is a vital facilitator of world trade 3 real terms increase in world gdp in the last two decades increase in world seaborne trade over the same period 90% imo estimate of the value of world trade carried by sea 112 % 73 % 3. Glossary of port and shipping terms three lines shipping. Dictionary of international trade the international trade dictionary contains a glossary of 2000 key terms for international business and trade classified into eight categories encompassing the full breadth of international trade activities. Box another less formal name for a shipping container.
Dictionary of international trade globalnegotiator. Glossary of terms used by the registrar general of. Dictionary of shipping terms, third edition sullivan, eric. The primary objective of the rgss, which was established by the 1854 consolidated merchant shipping act. Naval cooperation and guidance for shipping ncags it is a naval organization with members who are trained to establish and provide advice for safe passage of merchant ships worldwide, during times of peace, tension, crisis and war. In years when the naep assessment includes a field test or equating studies, samples are referred to as the a sample, the b sample, the c sample, etc. This is the right place where find the answers to your questions like. Advance charge transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee. Glossary for transport statistics, prepared by the intersecretariat working group on transport statistics eurostat, european conference of ministers of transport ecmt, united nations economic commission for europe unece. Sep 25, 2017 en pdf common shipping terms and abbreviations school of shipping.
Valvedepot will not have any liability for misuse this information. Cost and freight cfr is a trade term obligating the seller to arrange sea transportation to a port of destination and provide the buyer with the. Inland waterways bill of lading transport document made out to a named person, to order or to bearer, signed by the carrier and handed to the sender after receipt of the goods. Also, a term used in some insurance policies to mean a voyage. The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. To open the ships hatches and commence discharge of the cargo. Annex 1 glossary of key shipping terms aframax a tanker of 80. There are different shipping conferences for different regions of the world. Pertinent information such as bill of lading number. An ocean container shipping term which actually means the base ocean freight rate for the porttoport segment of the transit. Oecd glossary of statistical terms shipping conferences. The terms in this glossary have been carefully selected which has a good chance you can encounter in china shipping.
Accessorial charges charges that are applied to the base tariff rate or base contract rate, e. We must assume that the objective is achievable and realistic. An advice that the carrier or forwarder sends to the consignee advising of goods coming forward for delivery. Advance commercial information aci program that introduces more effective risk management processes and tools to identify threats to our health, security and safety prior to the. N national electrical manufacturers association nema us standards developing organization. Increasingly these vessels have coated tanks and are capable of carrying clean products. Department of transportation in the interest of information exchange. Measurement tons are usually expressed as cargo measurements of 40 cubic feet 1.
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