PPG Chartering Terms (A) Flashcards
AA
Always Afloat
AARA
Amsterdam-Antwerp-Rotterdam Area
Abaft
Towards the rear/stern of ship (Behind)
Aboard
On or Within the Ship
Above Deck
On the deck (not over)
Absorption
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
Acceptance of Goods
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
Acknowledgement of receipt
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
Actual Demand
Customers’ orders and often also the allocation of items, ingredients and/or raw materials to production or distribution
Actual Voyage Number
A code for ID purpose of the voyage and vessel which actually transport the container/cargo
ADCOM
ADdress COMmission
Added Value
Value attributed to products and services as the result of a particular process (i.e. production process, storage, transport)
Addendum
Additional chartering terms at the end of a charter party
Advanced Arrangement
Agreement betw the shipper and carrier, concerning contracts betw those parties prior to tendering the consignment
Advanced Amount
Cash or Cash equivalents expressed in a monetary amount given to a driver to cover expenses during a trip
Advanced Charge
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)
Advanced Interline
An interline carrier that picks up cargo from the shipper and delivers it to another carrier for shipment to the consignee
Advice Note
A written piece of info e.g. about status of goods
Affreightment
Hiring of a ship in part or in whole
Aft
At or Towards the stern or rear of ship
Agency Fee
Fee payable by shipowner or ship operator to a port agent
Agents
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
Aggregate inventory
Inventory for any group of items or products, involving multiple stock-keeping units. Aka Aggregate stocks
Aground
Touching or Fast to the bottom
AGW
All Going Well
AHL
Australian Hold Ladders
Aids to Navigation
Artificial objects to supplement natural landmarks indicating safe and unsafe waters
AIM
Automatic Identification Manufacturers
Allocation
Process of assigning activities, costs or facilities e.g. space to organisational units
Allotment
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
Aloft
Above the deck of the ship
Amidships
In or Towards the centre of the ship
Anchorage
A place suitable for anchorage in relation to wind, seas and bottom
ANTHAM
ANTwerp-HAMburg range
Apparel
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
Applicable Service Provider
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
ACEP
Approved Continuous Examination Program
An agreement betw owners of equipment and responsible governmental body to allow continuous examination of equipment like containers
Apron
Platform
Apryclee
A network of national info centres of info techs
APS
Arrival Pilot Station
ARAG
Amsterdam-Rotterdam–Antwerp-Gent range
Area of Repair
Geographical area where a container is under repair
Arbitration
Method of settling disputes which is usually binding on parties
A clause usually in a C/P
Area Code
A code for the area where the container is situated
Area off hire lease
Geographical area where a leased container becomes off hire
Area off hire sub-lease
Geographical area where a sub-leased container becomes off hire
Area on hire lease
Geographical area where a leased container becomes on hire
Area on hire sub-lease
Geographical area where a sub-leased container becomes on hire
Arrival Notice
Notice sent by a carrier to a nominated notify party advising of the arrival of a certain shipment
ADR
Articles of Dangereux de Route
An European agreement concerning the international carriage of dangerous goods by road
A/S
Alongside
ASBA
American ShipBrokers Association
Assembly
The stage of production in which the components are put together into an end product appropriate to the process concerned
Assignment
The transfer of certain rights from one party to another
Astern
Back of a ship
Opp of ahead
ATDNSHINC
Any Time Day/Night Sundays and Holidays INCluded
Athwartships
At right angles to the centreline of ships
ATUTC
Actual Times Used To Count
Auctions
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
Audit
A methodical examination and review of a situation or condition (as within a business enterprise) concluding with a detailed report of findings
Authentication
Proof by means of a signature or otherwise that a certain document or certain data is of undisrupted origin and genuine
Authorisation
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
Auto Container
Container equipped for the transportation of vehicles
Automactic ID
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
AIM
Auto ID Manufacturers
International organisations of companies and/or associations involved or interested in automatic id
Average
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
Average Adjusters
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
