Terms Beginning with A

AD HOC CHARTER: A one-off charter operated at the whim of the airline or charter.

ADVANCE AGAINST DOCUMENTS: A loan made on the security of the documents covering a shipment.

ADVISING BANK: A bank operating in the exporter's country that handles letters of credit for a foreign bank by notifying the exporter that the credit has been opened in his favor.

ADVISORY CAPACITY: A term indicating that a shipper's agent or representative is not empowered to make definitive decisions or adjustments without approval of the party represented.

AFFREIGHTMENT, contract of: 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.

AGENCY AGREEMENT: An agreement where a steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that agent.

AIR FREIGHT FORWARDER: A type of freight forwarder who specializes in air cargo. The forwarder usually consolidates the air shipments of various exporters, charging them for actual weight and deriving profit by paying the airline the lower consolidated rate. The forwarder issues its own air waybills to the exporters and has the status of an indirect air carrier.

AIR WAYBILL: A non-negotiable contract for carriage of air transportation between an air carrier and a shipper or an air carrier and an airfreight forwarder. In the latter case the forwarder, as an indirect air carrier, issues his own house air waybill to the shipper.

AIRLINE PALLET: Load carrying platform to which loose cargo is secured before placing aboard an aircraft.

ALL RISK CLAUSE: An insurance provision that all loss or damage to goods is insured except that of inherent vice (Self Caused)

ALL RISK INSURANCE: 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, or faulty packaging, nor against war, strikes, riots, and civil commotion (see Marine Insurance).

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A word.. B word..
C word.. D word..
E word.. F word..
G word.. H word..
I word.. J word..
K word.. L word..
M word.. N word..
O word.. P word..
Q word.. R word..
S word.. T word..
U word.. V word..
W word.. X word..
Y word.. Z word..