A clause included in marine insurance policies to cover loss and damage from external causes, such as fire, collision, pilferage, etc. This is similar in effect to DDP. This is one of several classification societies; with a mission to promote the security of life, property and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities (i.e. BSR Basic Service Rate. Find definitions for key international shipping and customs terms in this handy glossary. Charges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency or destination/delivery. The temperature of a surrounding body. This is a partial glossary of nautical terms; some remain current, while many date from the 17th to 19th centuries.See also Wiktionary's nautical terms, Category:Nautical terms, and Nautical metaphors in English.See the Further reading section for additional words and references. For more information see 'bearing' and 'relative bearing'. In some ports the ship is aground when approaching or at berth. It is a classification society, with a mission to promote the security of life, property and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities. Also refers to any gear not fastened down or put away properly. 4. An Able Seaman (also AB) is an unlicensed member of the deck department of a merchant ship. This document is sent by one party to another to whom a shipment has been sent, on consignment or otherwise. It involves the transfer of rights, title and interest in order to assign goods by endorsing the bill of lading. A notice sent to a local or foreign buyer advising that shipment has gone forward and contains details of packing, routing, etc. This is the U.S. Customs' computer system which brokers use to file importers' entries electronically. An insurance policy which provides coverage against all types of loss or damage as opposed to specific ones. The International shipping and marine transport industry is full of unique shipping terms and shipping abbreviations. Admiralty law also covers many commercial activities, although land-based or occurring wholly on land, that are maritime in character. A note for one month's wages issued to sailors on their signing a ship's articles. goods, messages and documents. For more information see Marine Cargo Insurance. 'the company has 10 ships afloat'. The U.S. Customs' master computer system to replace the Automated Commercial System. The point above the ship's uppermost solid structure; overhead or high above. A suitable place for a ship to anchor; usually an area of a port or harbour. The combination of the true wind and the headwind caused by the boat's forward motion. At right angles to the fore and aft or centerline of a ship; A direction across the width of a vessel. These rules form the basis for assessing the design and construction of new vessels and the integrity of existing vessels and marine structures. In ascending order of seniority: Rear Admiral, Vice Admiral, Admiral and Admiral of the Fleet (Royal Navy). A bank operating in the country of the seller which handles Letters of Credit on behalf of a Foreign Bank. Back to top . Edit this Entry AMS Automated Manifest System. A secure portal allowing our customers and vendors 24/7 access to their operational and financial information. FIS Free into Store - Incoterms An unofficial trade term indicating that the seller's price includes all costs up to delivery to the buyer. Rate it: OFT: On-line Family Tree. In the Royal Navy (UK) the Board of Admiralty, executing the office of the Lord High Admiral, promulgates Naval law in the form of Queen's (or King's) Regulations and Admiralty Instructions. A high naval authority in charge of a state's Navy or a major territorial component. The international shipping term used in the ocean freight industry means that the carrier is NOT responsible for the cost of loading and unloading gods onto/from the vessel. A container carrier operating large RORO (Roll-On Roll-off) ships between Europe and North America. Therefore, it’s important that importers, exporters and freight companies correctly communicate freight terms to avoid problems or This is also known as USAID, an American Federal Agency primarily responsible for administering civilian foreign aid. A bill of lading represents an agreement between you and the shipper. This is one of several classification societies; with a mission to promote the security of life, property and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities (i.e. A significant portion of manufacturing capability may be foreign sourced. Most marine GPS units boast Anchor Watch alarm capabilities. 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. The reply to an order or command to indicate that it, firstly, is heard; and, secondly, is understood and will be carried out. A tariff published by an agent on behalf of several carriers. Also to ride out a storm with no sails and helm held to leeward. The ambient temperature of a container is the atmospheric temperature to which it is exposed. Those sharing in the spared cargo proportionately cover the loss. Load made on the security of the documents covering the shipment. Drawee's act in receiving a draft and thus entering into the obligation to pay its value at maturity. Common Freight Term Glossary and Explanations There are so many freight-related terms that sometimes even the pros are left scratching their heads. Term: Full Form: Description: 1. 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. The period of duty/working hours (or 'watch') on board a vessel between 12:00hrs to 16:00hrs. 13 InternationalFreight Terms ThatYou Should Know 2. Incoterms. Please look for them carefully. Old-To-Market - As defined by the International Trade Administration, old-to-market is a term which refers to committed/experienced larger-scale firms. 1 Glossary of Shipping Terms May 2008 Maritime Administration 1200 New Jersey Avenue, SE Washington, DC 20590. For more information see 'Letter of marque.'. A notification relating to the receipt of e.g. Community » Unions. At the end of 2006, ABS was the third largest class society with a classed fleet of over 10,000 commercial vessels and offshore facilities. It is a very time- and cost-efficient way of shipping goods for shippers who need to move large amounts of cargo. A consignment of crew tasked with ensuring that the anchor is holding and the vessel is not drifting. An application that expedites the clearance of cargo for the subsequent release of containers when imported to U.S.A. through electronic submission of cargo manifests in lieu of bulk … For more information see 'Rode'. OFT Stands For: All acronyms (83) Airports & Locations Business & Finance (1) Common (1) Government & Military (9) … This is a senior naval officer of Flag rank. In international trade, language can add complexities. 3PL: 3rd Party Logistics: A third party, who takes care of the logistics value chain. Any device external to a vessel or aircraft specifically intended to assist navigators in determining their position or safe course, or to warn them of dangers or obstructions to navigation. A measure of weight or mass equal to 0.4535924277 kilograms. The process of referring to an agreed person for judgment on issues of a dispute; without requiring the use of courts. A vessel that is so low in the water that the water is constantly washing across the surface. A short range coastal tracking system used on ships and by Vessel Traffic Services (VTS) for identifying and locating vessels by electronically exchanging data with other nearby ships and VTS stations. Process, Trading terms. 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