Shipping terms and abbreviations: maritime, insurance, international trade. by W. G. Woollam Download PDF EPUB FB2
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Shipping Terms and Abbreviations: Maritime - Insurance - International : W. Woollam. Get this from a library. Shipping terms and abbreviations: maritime, insurance, international trade.
[W G Woollam]. rows Abbreviations of International Trade Terms. Acronym Full Form; A/C: Account: A/O:. International Common Export and Shipping Abbreviations to the customers.
Glossary Of International Shipping Terms A8A Manifest A form issued by a licensed Custom’s Broker which allows CCRA to monitor in bond shipments as they move through Canada. AMS Automated Manifest System. An application that expedites the clearance of cargo. The Baltic and International Maritime Council: BL: Bale: B/L (Bill of Lading) A document signed by the carrier which acts as a Contract of Affreightment, a receipt and evidence of title to the cargo.
BM: Beam: BN: Booking Note: BOB: Bunker on Board: BOFFER: Best Offer: BOW: The forward part of a ship: BROB: Bunkers Remaining on Board: BROKERAGE. BIMCO (The Baltic and International Maritime Council) Association whose main object is to promote and defend the interests of shipowners.
It also has a membership of shipbrokers and has been responsible for contributing to the creation of a large number of Charter-Parties and other shipping documents. This is a term most used with marine corgo insurance policies. In order for the insured to be sure that the insured values are for an adequate amount, it is important to understand the meaning of these terms: General Average This type of loss is deliberate -- it is incurred by the master of the vessel.
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. The shipping trade rules or International Commercial Terms (Inco terms) are a series of defined commercial terms.
Glossary of Customs and Trade Terms B B/L Abbreviation for Bill of Lading; a document issued by a carrier, or its agent, to the shipper as a contract of carriage of goods.
It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination. Shipping terms and abbreviations: maritime, insurance, international trade The elements of shipping [by] Alan E.
Branch International acronyms, initialisms & abbreviations dictionary. Complete Glossary of Marine Terms & Abbreviations. expand view +/-Abaft a position behind [the vessel] General Agreement on Tariffs and Trade An international multilateral agreement embodying a code of practice for fair trading in international commerce.
The Salvage Association was formed in by Marine insurance and shipping. Also read - KINDS OF LOSSES in Marine Insurance, RISKS NOT COVERED BY MARINE INSURANCE, Types of Insurance Documents, Procedure and Documentation for Filing Claim of Marine Insurance, TYPES OF MARINE INSURANCE POLICIES.
I hope, these article provide you a better knowlege about Marine Insurance under international business. Dictionary of Shipping/International Trade Terms and Abbreviations.
Appendix A Progressing Export Consignment - Flow Charts, Diagrams A and B. Export Process Improvements Cycle Diagram C. Export Master Sales Process and Shipping Process Flow Chart Diagram D.
Appendix B Major Ports of the World and Their Location. Appendix C (i) World Currencies. Cost, Insurance, and Freight (CIF) and Free on Board (FOB) are international shipping agreements used in the transportation of goods between a buyer and a seller.
They are among the most common of the 12 international commerce terms (Incoterms) established by the International Chamber of Commerce (ICC) in Shipping terms and abbreviations: maritime, insurance, international trade Business terms, phrases and abbreviations The elements of shipping [by] Alan E.
Branch. Glossary of Trade & Shipping Terms - F Not later than 45 days after the date the International Trade Administration makes an affirmative final determination, in a case where the preliminary determination also was affirmative, the International Trade Commission must render its decision on injury.
- A marine insurance clause providing. COMMON EXPORT & SHIPPING ABBREVIATIONS. AAA Association of Average Adjusters Floating open cover marine insurance Policy FP-C Flash Point Celsius FR Freight Release FRANCO FREE For example Franco London - all charges paid to arrival London Standard International Trade.
The information provided here is part of Export Import Online Tutorial. The following are the list of abbreviations commonly used in business. These abbreviations include abbreviations used in Export, abbreviations in Import, list of antonyms in shipping trade, abbreviations used in freight forwarding business and commonly used terms in customs brokering.
International Convention on Limitation of Liability of Maritime Claims – a limitation convention enacted in the UK by the Merchant Shipping Act LO-LO Lift On Lift Off – A containership onto which and from which container are lifted by crane (as opposed to Ro-Ro).
The International shipping and marine transport industry is full of unique shipping terms and shipping abbreviations. And these are used every day to describe everything from modes of transport, units of measure, pricing structures, IncoTerms and much more. Free On Board (FOB) Common price term used in international trade meaning seller's responsible for the cost of goods is to the point of loading it to the vessel deck or aircraft loading deck.
The risk of loss of or damage to the goods is transferred from the seller to. A.I.R.M.I.C. - Association of Insurance and Risk Managers in Industry and Commerce "Fonds Africain de Developpement, FAD) is an affiliate of the African Development Bank (AfDB) which provides interest-free loans to African countries for projects which promote economic and social development and improve international trade among members o".
Export Terms, Documentation & Payment Methods in Detail National Council, International Trade Documentation, Broadway, SuiteNew York, NYUSA Œ Telephone No: + marine insurance companies can also be sometimes contacted for File Size: KB. Covers Terms and Abbreviations used in the industries of the sea.
Maritime, Shipping, Chartering, Yachting, Sailing, Nautical, Marine Engineering, Shipbuilding, Law, Offshore, Information and Communications Technologies and related areas. From the seafarers and /5(K). Glossary of Maritime Terms. ABS: The American Bureau of Shipping is a U.S. classification society that certifies if a ship is in compliance with standard rules of construction and maintenance.
anchorage: Port charge relating to a vessel moored at approved anchorage site in a harbor. apron: The area immediately in front of or behind a wharf shed on which cargo is lifted.
abbreviations of the trade terms annexed hereto be accepted and used by Governments, international organizations and business whenever these trade terms are referred to in abbreviated form and mutually promote their use in support of a common approach to trade facilitation.
This implies: 1. For participants in international trade and transpor t. Dictionary of Shipping/International Trade Terms and Abbreviations. Appendix A Progressing Export Consignment - Flow Charts, Diagrams A and B.
Export Process Improvements Cycle Diagram C. Export Master Sales Process and Shipping Process Flow Chart Diagram D. Appendix B Major Ports of the World and Their Location. Appendix C (i) World Currencies. Shipping Terms Glossary.
insurance covering loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier. are the thirteen terms of sale in international trade as Terms of Sale reflected in the.
The FOB incoterm is only applied to shipments being sent by sea or waterway. The further clarify, let’s track the FOB shipping process: You purchase goods from a supplier in China and agree to FOB shipping terms. The next three steps of the process are carried out at the supplier’s expense.
Your goods are packaged and loaded onto a truck.Partnership agreement signed for maritime digitalization to support flow of trade by ship 27/04/ When ships enter and leave ports, vital information about cargoes, dangerous goods, crews, vessel details and many other things has to be exchanged with the authorities ashore.Get this from a library!
The Fairplay book of shipping abbreviations: acronyms & abbreviations used in shipping and international trade. [Peter Kapoor].