Shipping

Shipping

Relating to the mass transport of goods on massive cargo ships.

Industry: Transportation

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Shipping

Acceptance

Transportation; Shipping

A time draught (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 ...

Accessorial charges

Transportation; Shipping

Charges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency, destination/delivery.

Acquiescence

Transportation; Shipping

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

Transportation; Shipping

A written receipt in full, in discharge from all claims.

Act of god

Transportation; Shipping

An act beyond human control, such as lightning, flood or earthquake.

Ad valorem

Transportation; Shipping

A term from Latin meaning, “according to value.” Import duty applied as a percentage of the cargo’s dutiable value.

Administrative law judge

Transportation; Shipping

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 ...