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A
AA
Always Afloat (In some ports the ship aground when approaching, or at berth.)
AAR
Abbreviation
for:
- Against All Risks (insurance clause).
- Association of American Railroads.
Abaft
A
point beyond the midpoint of a ships length, towards the rear or stern.
Abandon
A
proceeding wherein a shipper/consignee seeks authority to abandon all or
parts of their cargo.
Abatement
A
discount allowed for damage or overcharge in the payment of a bill.
ABI
U.S.
Customs' "Automated Broker Interface," by which brokers file
importers' entries electronically.
Aboard
Referring
to cargo being put, or laden, onto a means of conveyance.
Absorption
One
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.
- Broadly speaking, any agreement to purchase goods under specified terms.
Accessorial
Charges
Charges
that are applied to the base tariff rate or base contract rate, e.g.,
bunkers, container, currency, destination/delivery.
Acquiescence
When
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.
Acquittance
A
written receipt in full, in discharge from all claims.
ACS
(A.C.S.)
U.S.
Customs' master computer system, "Automated Commercial Systems."
Act
of God
An
act beyond human control, such as lightning, flood or earthquake.
Ad
Valorem
A term
from Latin meaning, "according to value."
Administrative
Law Judge
A
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.
Advance
To
move cargo up line to a vessel leaving sooner than the one booked. (See
"Roll.")
Advanced
Charge
Transportation
charge advanced by one carrier to another to be collected by the later carrier
from the consignor or consignee.
Adventure
Shipment
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 Shipment
A
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
Bank
A
bank operating in the seller's country, that handles
letters of credit in behalf of a foreign bank.
Affreightment, Contract of
An
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.
Aft
Movement
toward the stern (back end) of a ship.
Agency
Tariff
A
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:
(1) brokers,
(2) commission merchants,
(3) resident buyers,
(4) sales agents,
5) manufacturer's representatives.
Aggregate
Shipment
Numerous
shipments from different shippers to one consignee that are consolidated and
treated as a single consignment.
Agreed
valuation
The
value of a shipment agreed upon in order to secure a specific freight rate.
Agreed
Weight
The
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
Waybill
The
forwarding agreement or carrying agreement between shipper and air carrier
and is issued only in nonnegotiable form.
All
In
The
total price to move cargo from origin to destination, inclusive of all
charges.
Alongside
A
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
Rates
Privilege
to use the rate producing the lowest charge.
Ambient
Temperature
The
temperature of a surrounding body. The ambient temperature of a container is
the atmospheric temperature to which it is exposed.
American
Bureau of Shipping
U.S.
classification society which certifies seagoing vessels for compliance to
standardized rules regarding construction and maintenance.
AMS
The
U.S. Customs'
"Automated Manifest System."
Anti-Dumping
Duty
A
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 Order
When
freight appears to be free of damage so far as a general survey can
determine.
Appraisement
Determination
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
Stores
The
warehouse or public stores to which samples of imported goods are taken to be
inspected, analyzed, weighed, etc. by examiners or appraisers.
Arbitrary
A
stated amount over a fixed rate to one point to make a rate to another point.
Average
See
insurance.
Arrival
Notice
A 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
X12
American
Standards Committee X12 responsible for developing EDI standards for the United
States.
Assignment
A
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
- Move in a reverse direction.
A.T.A.
American
Trucking Association.
ATDNSHINC
Any time Day
or Night Sundays & Holidays Included.
Athwartships
A
direction across the width of a vessel.
Avoirdupois
Pound
Same
as 0.4535924277 kilograms.
AWWL
Always
within Institute Warranties Limits (Insurance purpose).
The terms in this
glossary have been carefully selected by ValveDepot.
We hope you will find it useful. This information is for reference only. ValveDepot will not have any liability for mis-use this information.
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