In particular, he is not responsible for loading the goods in a vehicle apply only at the point of origin, and the seller agrees to place the goods at the disposal of the. Terms and expressions in shipping and offshore general shipping terms types of ships vessel sizes. A point beyond the midpoint of a ships length, toward the stern relative to an object or point of reference abaft the fore hatch. Bulker bulk carrier, a vessel designed to carry loose cargo of a. A contract term requiring that the vessel not rest on the ground. What is the abbreviation for freight shipping terms. Fee established by airline for handling shipment awb. 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.
Similar to most industries, there are terms used in freight shipping that might befuddle those without experience or prior knowledge to industry terminology. The dictionary of shipping terms solves the common problem by providing clear and concise explanations of over 2000 of the most commonly encountered words, terms, phrases and abbreviations. An abbreviation from latin brevis, meaning short is a shortened form of a word or phrase. Freight glossary and acronyms fhwa freight management. This is a very flexible description, a rule of thumb is to.
Usually, but not always, it consists of a letter or group of letters taken from the word or phrase. A consolidation service, putting small shipments into containers for shipment. Accessorial charges also called assessorials any additional services required outside of the standard shipping procedure require additional fees from the carrier called accessorials. Short ton st a weight unit of measure equal to 2,000 pounds. Shipping terms latest shipping terms for international. Conference partners agree special freight rates and terms for the trade, in order to stabilize marke t and service. Longterm chartering of a ship, appointment of the master and crew and payment of all running expenses by the charterer himself. Aes automated export system afra average freight rate assessment aframax average freight rate assessment maximum ahf american hull form ais automatic identification system aml absolute maximum loss anf arrival notification form anl above normal.
Shipping terms and definitions arcbest corporation. This is the assembly of pieces of cargo, secured into one manageable unit. Overview this fifth edition of alan branchs comprehensive and internationally established dictionary contains an additional 4,000 new entries, taking the total to some 18,000 definitions. An ocean container shipping term which actually means the base ocean. A pricing term indication that the cost of the goods and freight charges are included in the quoted price. The terms and conditions of the contract may well be different to the terms and conditions contained on the shipping companys bl, which can in extraordinary circumstances lead to legal complications should a dispute arise. Glossary of shipping terms beginning with the letter s. If, however, you do find yourself caught up in a world of shipping confusion, hopefully our below guide will help you out.
A contract of carriage between a shipper and forwarder who is usually a nvocc. Shipping jargon explained part 1 the world of shipping is full of confusing terms and acronyms. Aaaa always accessible always afloat aaosa always afloat or safe aground ad accidental damage. As fast as ship can loaddischarge according to custom of port chartering f. Air brake the air brake system on tractors is operated by air and consists of air lines, valves, tanks, and an air compressor. Frequently used terms and abbreviations in insurance, chartering and. Freeze protection a service agreed upon prior to shipping. The merger shall become binding on each of the credit unions on the effective date. Pdf mergers and acquisitions in the shipping industry.
In the analysis, ratios measuring different aspec ts of business. Port charge relating to a vessel moored at approved anchorage site in a harbor. Document containing agreement details between the shipper and air carrier arrival notice. Agency the right given by an individual, body or firm to another person or company to act on its. A bill of lading issued by a freight forwarder acting as a carrier. Shipping abbreviations acs australian customs service aest australian eastern standard time ams automated manifest system amsa australian maritime safety authority aqis australian quarantine inspection service ata carnet admission temporaire temporary admission carnet awb air waybill baf bunker fuel adjustment factor bl bill of lading. However, theyre also inherently complex transactions, so its important to know the terminology. It contains all the terms for conducting international business and includes terms relating to international business, marketing, banking, seaports, airfreight, documentation, shipping, multimodalism. Looking for the abbreviation of freight shipping terms.
Glossary of international shipping terms old dominion freight line. Click on any of the sections below to see the abbreviations used in that area. The area immediately in front of or behind a wharf shed on which cargo is. Fob shipping terms freight terms customer takes title of goods customer responsibilities vendor responsibilities fob point of origin, freight collect at point of origin or factory pays freight bears freight owns goods in transit must file claims for loss, damage or. 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. Licensed by customs for the consolidation of breakbulk cargo and unpacking of lcl. Consortium a group of combined transport operators who agree to rationalise sailing in a trade and carry each others cargo.
This is inconsistent with pre1016 vious evidence that acquirers achieve higher gains when buying private targets, which has been largely attributed to the 1017 creation of blockholders leading. What are the most common freight shipping terms and. By the adoption of this merger agreement by the shareholders of the merging credit union, it. Ad valorem duty duty and taxes which are calculated on the basis of value.
Find out what is the most common shorthand of freight shipping terms on. Intermodal intermodal shipping incorporates more than one mode of transportation, such as combining the use of trucks and trains to cover more ground in a timely manner. In the old days the need for keeping the length of communication offshore was imperative to save time. The terms are incorporated by reference to the long form bl. The consolidation endorsement may be added to an open cargo policy at an.
The freight industry uses a huge amount of abbreviations, for everything from units of measure to pricing structures and modes of travel. Glossary of shipbrokering terms, terms used by ship brokers, ship owners and shipping agents and freight forwarders. Shipping terminology and abbreviations aframax tanker of 80000 to 120000 dwt. Glossary of shipping terms maritime administration. Cut off date the last date for which goods can be accepted for a. System whereby freight is charged per container, irrespective of nature of. Advance charge transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee. A notification by carrier of goods arrival to consignee. Also, note that you can enter your freight terms and shipping abbreviations in. Financial and traffic wise merger of companies, to solve a transportation task. It is expressly stated by the parties hereto that this merger agreement is being carried out under the terms and provisions of k. Remaining cost after deduction of capital costs and travel expenses.
Weve gathered some of the most common ones here to help you navigate these terms. International shipholding corporation ish acquiree. While the list is long, there are a handful of freight shipping terms that seem to be asked again and again. Bill of lading a document signed by the carrier which acts as a receipt and evidence of title to the cargo. Browse the list of 10 692 shipping abbreviations with their meanings and definitions. Mergers and acquisitions offer many benefits to companies. An action wherein a shipperconsignee seeks authority to abandon all or parts of their cargo. Average annual daily truck traffic aadtt the total volume of truck traffic on a highway segment for one year, divided by the number of days in the year. Backhaul the process of a transportation vehicle typically a truck returning. 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. 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. A small misunderstanding with the shipping terms could lead to disputes over who was meant to pay for the overseas freight, insurance or other costs involved in the shipment of goods.
If you are new to shipping terms contracts you may be unaware of the different trading practices in their respective countries. Dictionary of international trade globalnegotiator. What should be the terms and conditions for merger and. Dictionary of shipping 5th ed international business trade. The webs largest and most authoritative acronyms and abbreviations resource.
Composing methods of abbreviations abbreviations are the new words by using certain wordformation means to create and abbreviate single word, phrase, or short verses according to certain rules, and in maritime english correspondence, there are following methods to compose the abbreviations. Lcl less than container load when a parcel is too small to fill a container, it is grouped by the carrier at a cfs depot, with other compatible cargo, for the same destination. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. Artificial objects to supplement natural landmarks indicating safe and unsafe waters.
Person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. Allied transportation company mergeracquisition details. Merger the joining of two or more shipowning companies. Incoterms glossary exw ex works exw ex works means that the sellers only responsibility is to make the goods available at his premises that is, works or factory. List of all most popular abbreviated shipping terms defined. The chartered institute of logistics and transport. Dictionary shipping of terms, 5th edition how often have you spent valuable time searching for an authoritative explanation of a frequently used term. Post office box 24348 seattle, wa 981244348 contact. In some countries, this fee is levied to retain upkeep of the approaches to waterways and canals. Glossary of shipping terms download pdf weve put together this. Contact us med line shipping tekeyan center 5th floor nahr ibrahim street gemmayzeh beirut lebanon t1. Key mergers and acquisitions terms that you should know. Consolidation depots where parcels of cargo are grouped and loaded into containers.
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