An act occasioned by violence of nature which no reasonable human foresight, care, or diligence can anticipate or prevent.
A fixed percentage of the value of goods that is used to calculate customs duties and taxes.
Is a court having jurisdiction over maritime questions pertaining to ocean transport, including contracts, charters, collisions, and cargo damages
Advance Against Documents
Load made on the security of the documents covering the shipment.
A bank that receives a letter of credit from an issuing bank, verifies its authenticity, and forwards the original letter of credit to the exporter without obligation to pay
A term indicating that a shipper's agent or representative is not empowered to make definite decisions or adjustment without the approval of the group or individual represented
Is a company that controls, or is controlled by another company, or is one of two or more commonly controlled companies.
An organization working on behalf of a principal. Company that represents/acts on behalf of another entity.
The steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that agent
An agreement by a steamship line to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer, who then becomes liable for payment even though he is later unable to make the shipment.
A bill of landing that covers both international and domestic flights transporting goods to a specified destination. This is a non-negotiable documents of air transport that serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed and obligates itself to carry the consignment to the airport of destination according to specified conditions.
International Air Transport Association, IATA, (French, German).
All Risk Insurance
Is a clause included in marine insurance policies to cover loss and damage from external causes, such as fire, collision, pilferage, etc. but not against innate flaws in the goods, such as decay, germination, nor against faulty packaging, improper packing/ loading or loss of market, nor against war, strikes, riots and civil commotions (See Marine Insurance)
Service rendered by carriers on a port-to-port basis; cargo moving via ocean carrier only.
A phrase referring to the side of a ship. Goods to be 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 abroad the ship.
Automated Manifest Systems.
Document signed by shipping companies and filed with Federal Maritime Certification Commission and in ocean tariffs attesting that rebates are not allowed and will not be paid by a company.
Agriculture Quarantine Inspection
Documentation that notifies consignee of arrival information and freight charges due. Form produced by carrier for advanced notification to consignee of cargo arrival.
All cargoes freighted on same unit; Weight or Measure.
The transfer of the rights, duties, responsibilities and/or benefits of an agreement, contract, or financial instrument to third party.
Assignment of Proceeds
A stipulation within a letter of credit in which some or all of the proceeds are assigned from the original beneficiary to one or more additional beneficiaries.