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Chartering Terms > PPG Chartering Terms (A) > Flashcards

PPG Chartering Terms (A) Flashcards

1
Q

AA

A

Always Afloat

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2
Q

AARA

A

Amsterdam-Antwerp-Rotterdam Area

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3
Q

Abaft

A

Towards the rear/stern of ship (Behind)

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4
Q

Aboard

A

On or Within the Ship

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5
Q

Above Deck

A

On the deck (not over)

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6
Q

Absorption

A

Acceptance by the carrier of a portion of a joint rate or charge which is less than the amt which it would receive for the service in the absence of such joint rate or charge

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7
Q

Acceptance of Goods

A

Process of receiving a consignment from a consignor, usually against the issue of a receipt. As from this moment and on this place the carrier’s responsibility for the consignment begins

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8
Q

Acknowledgement of receipt

A

A notification relating to the receipt of goods/messages/docs. Active inventory covers raw material, work-in-progress, finished products that will be used or sold within a given period without extra cost or loss. This term does not cover the so-called reserve inventory

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9
Q

Actual Demand

A

Customers’ orders and often also the allocation of items, ingredients and/or raw materials to production or distribution

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10
Q

Actual Voyage Number

A

A code for ID purpose of the voyage and vessel which actually transport the container/cargo

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11
Q

ADCOM

A

ADdress COMmission

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12
Q

Added Value

A

Value attributed to products and services as the result of a particular process (i.e. production process, storage, transport)

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13
Q

Addendum

A

Additional chartering terms at the end of a charter party

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14
Q

Advanced Arrangement

A

Agreement betw the shipper and carrier, concerning contracts betw those parties prior to tendering the consignment

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15
Q

Advanced Amount

A

Cash or Cash equivalents expressed in a monetary amount given to a driver to cover expenses during a trip

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16
Q

Advanced Charge

A

Charge paid by a carrier to an agent or to another carrier, which the delivering carrier then collects from the consignee. Such charges are usually for agents’ forwarding fees and incidental expenses paid out of pocket for account of the shipment by an agent or other carrier (aircargo)

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17
Q

Advanced Interline

A

An interline carrier that picks up cargo from the shipper and delivers it to another carrier for shipment to the consignee

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18
Q

Advice Note

A

A written piece of info e.g. about status of goods

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19
Q

Affreightment

A

Hiring of a ship in part or in whole

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20
Q

Aft

A

At or Towards the stern or rear of ship

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21
Q

Agency Fee

A

Fee payable by shipowner or ship operator to a port agent

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22
Q

Agents

A

Intelligent software used in an exchange or auction to monitor prices and conditions on behalf of buyer and supplier and in some cases to automatically execute trades

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23
Q

Aggregate inventory

A

Inventory for any group of items or products, involving multiple stock-keeping units. Aka Aggregate stocks

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24
Q

Aground

A

Touching or Fast to the bottom

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25
Q

AGW

A

All Going Well

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26
Q

AHL

A

Australian Hold Ladders

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27
Q

Aids to Navigation

A

Artificial objects to supplement natural landmarks indicating safe and unsafe waters

28
Q

AIM

A

Automatic Identification Manufacturers

29
Q

Allocation

A

Process of assigning activities, costs or facilities e.g. space to organisational units

30
Q

Allotment

A

A share of the capacity of a means of transport assigned to a certain party e.g. carrier or an agent for the purpose of booking of cargo for a specific voyage

31
Q

Aloft

A

Above the deck of the ship

32
Q

Amidships

A

In or Towards the centre of the ship

33
Q

Anchorage

A

A place suitable for anchorage in relation to wind, seas and bottom

34
Q

ANTHAM

A

ANTwerp-HAMburg range

35
Q

Apparel

A

A vessel’s outfit, such as rigging, anchor and life boats.

Term used in distribution/transport of clothing for a single piece of clothing, a garment

36
Q

Applicable Service Provider

A

An online outsourcer or hosting service for applications, letting Net mkt makers rent instead of buying applications and services such as auctions, exchanges, catalog aggregation.

Many application vendors are moving to a hosting model, but ASPs are often application-agnostic, plugging a feature of one application into a marketplace where appropriate and using another feature from another vendor elsewhere

37
Q

ACEP

A

Approved Continuous Examination Program

An agreement betw owners of equipment and responsible governmental body to allow continuous examination of equipment like containers

38
Q

Apron

A

Platform

39
Q

Apryclee

A

A network of national info centres of info techs

40
Q

APS

A

Arrival Pilot Station

41
Q

ARAG

A

Amsterdam-Rotterdam–Antwerp-Gent range

42
Q

Area of Repair

A

Geographical area where a container is under repair

43
Q

Arbitration

A

Method of settling disputes which is usually binding on parties

A clause usually in a C/P

44
Q

Area Code

A

A code for the area where the container is situated

45
Q

Area off hire lease

A

Geographical area where a leased container becomes off hire

46
Q

Area off hire sub-lease

A

Geographical area where a sub-leased container becomes off hire

47
Q

Area on hire lease

A

Geographical area where a leased container becomes on hire

48
Q

Area on hire sub-lease

A

Geographical area where a sub-leased container becomes on hire

49
Q

Arrival Notice

A

Notice sent by a carrier to a nominated notify party advising of the arrival of a certain shipment

50
Q

ADR

A

Articles of Dangereux de Route

An European agreement concerning the international carriage of dangerous goods by road

51
Q

A/S

A

Alongside

52
Q

ASBA

A

American ShipBrokers Association

53
Q

Assembly

A

The stage of production in which the components are put together into an end product appropriate to the process concerned

54
Q

Assignment

A

The transfer of certain rights from one party to another

55
Q

Astern

A

Back of a ship

Opp of ahead

56
Q

ATDNSHINC

A

Any Time Day/Night Sundays and Holidays INCluded

57
Q

Athwartships

A

At right angles to the centreline of ships

58
Q

ATUTC

A

Actual Times Used To Count

59
Q

Auctions

A

Let multiple buyers bid competitively for products from individual suppliers. Suitable for hard-to-move goods like used capital equipments (forklifts) and surplus or excess inventory. Prices only move up, but buyers can buy below list prices while sellers sell for more than a liquidator pays.

Auctions are becoming a feature of many Net mkts, but some use auctions as their pri mkt mechanism. E.g. AdAuction, TradeOut.com

60
Q

Audit

A

A methodical examination and review of a situation or condition (as within a business enterprise) concluding with a detailed report of findings

61
Q

Authentication

A

Proof by means of a signature or otherwise that a certain document or certain data is of undisrupted origin and genuine

62
Q

Authorisation

A

The commission to a certain person or body to act on behalf of another person or body. The person or body can be authorised e.g. to issue Bills of Lading, to collect freight

63
Q

Auto Container

A

Container equipped for the transportation of vehicles

64
Q

Automactic ID

A

A means of identifying an item e.g. product, parcel or transport unit by a machine (device) entering the data automatically into a computer.

The most widely used technology at present is bar code; others include radio frequency, magnetic stripes and optical character recognition

65
Q

AIM

A

Auto ID Manufacturers

International organisations of companies and/or associations involved or interested in automatic id

66
Q

Average

A

In marine insurance: A loss or damage to or in respect of goods or equipment. The numerical result obtained by dividing the sum of two or more quantities by the no. of quantities

67
Q

Average Adjusters

A

In general, average affairs average adjusters are entrusted with the task of apportioning the loss and expenditure over the parties interested in maritime venture and to determine which expenses are to be regarded as average or general average

Chartering Terms (3 decks)

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