Terms used in shipping such as Air Waybill,Airbus Industries Group,Air Freight Forwarder,Alliance,All Risk Insurance etc.

 

Terms used in shipping such as Air Waybill,Airbus Industries Group,Air Freight Forwarder,Alliance,All Risk Insurance etc.

 

This post explains about terms used in shipping such as Agrement,Agreed Weight,Air Cargo Agent ,Air Waybill,Airbus Industries Group,Air Freight Forwarder,Alliance,All Risk Insurance,All-Risk Clause etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in shipping

 

Agent/Distributor Service - "The Agent/Distributor Service, ADS, is an International Trade Administration (ITA) fee-based service which locates foreign import agents and distributors."

 

Aggregate Shipment:Numerous shipments from different shippers to one consignee that are consolidated and treated as a single consignment.

 

Agreed valuation:The value of a shipment agreed upon in order to secure a specific freight rate.

 

Agreed Weight:The weight prescribed by agreement between carrier and shipper for goods shipped in certain packages or in a certain number.

 

Terms used in shipping such as Air Waybill,Airbus Industries Group,Air Freight Forwarder,Alliance,All Risk Insurance etcAgrement - Agreement by one government to accept the accreditation of an ambassador from another government.

 

AGRICOLA - Agricultural OnLine Access

 

Agricultural Marketing Service - "Among its activities, the Agriculture Deparment's AMS is available to foreign buyers to assure that any product shipped overseas meets contract specifications. The service is operated on a user-fee basis. AMS works with the buyers to write a specificati"

 

Agricultural Officers - "Agricultural officers are embassy officials who are responsible for addressing agricultural trade policy issues and preparing reports on agricultural commodities such as rice, wheat, and dairy products. These officers promote U.S. exports by providing ma"

 

AGW - All going well.

 

AHT (ANCHOR-HANDLING TUG):Moves anchors and tow drilling vessels, lighters and similar.

 

AHTS (ANCHOR-HANDLING TUG/SUPPLY):Combined supply and anchor-handling ship. Seismic ship: Conducts seismic surveys to map geological structures beneath the seabed.

 

Aide-Memoire - A short written summary of oral remarks made to a foreign government representative and left with that individual.

 

Air Cargo Agent - A type of freight forwarder who specializes in air cargo and acts for airlines that pay him a fee (usually 5%). The Air Cargo Agent is registered with the International Air Transport Association (IATA).

 

Air Cargo Agent - It is a type of freight forwarder specialized in air cargo and acts for airlines that pays a fee. This person is registered with the International Air Transport Association (IATA).

 

Air Freight Forwarder - "A type of freight forwarder who specializes in air cargo. The Air Freight Forwarder usually consolidates the air shipments of various exporters, charging them for actual weight and deriving his profit by paying the airline the lower consolidated rate. "

 

Air Freight Forwarder - They provide pickup and delivery service under their own tariff, consolidates air shipments into larger units, prepares shipping documentation, and also tenders shipments to the airlines. Since they do not usually operate their own aircraft, they are also called "indirect air carriers." The airlines consider these forwarder as shipper because they tender the shipment.

 

Air Waybill - It is a shipping document used for the transportation of airfreight that includes conditions, limitations of liability, shipping instructions, description of commodity, and the applicable transportation charges. It is usually similar to a non-negotiable bill of lading and is used for similar purposes.

 

Air Waybill (AWB):Specifies the terms under which the air carrier is agreeing to transport the goods and contains limitations of liability; contract between shipper and carrier.

 

Air Waybill (Of Lading) - "A signed receipt and a contract to deliver goods by air. Such bills are non-negotiable and do not convey title to the goods as do ""To Orders"" bills of lading used by ocean and land carriers. The title passes to the party to whom the goods are consigned.

 

Air Waybill number (AWB):The number assigned to a shipment by FedEx, and used to track a package.

 

Air WayBill:An AWB is a bill of lading which covers both domestic and international flights transporting goods to a specified destination. Technically, it is a non-negotiable instrument of air transport which serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed therein and obligates itself to carry the consignment to the airport of destination according to specified conditions. Normally AWB refers to the Air Waybill issued by carrying airlines and also called Master Air Waybill (MAWB) which comes with three digits of numeric airline identification codes issued by IATA to non-U.S. based airlines and Air Transport Association of America to U.S. based airlines. However, air freight forwarders also issue HAWB (House Air Waybill ) to their customers for each of the shipments.

 

Air Waybill:The forwarding agreement or carrying agreement between shipper and air carrier and is issued only in nonnegotiable form.

 

Airbus Industries Group - "AIG is a supernational management organization responsible for design, development, manufacture, marketing, sales and support of selected commercial aircraft. Member countries are France, Germany, Spain, and the United Kingdom. Airbus Industrie, G.I.E. "

 

Aircraft Agreement (ATCA) - "Formally known as the ''Agreement on Trade in Civil Aircraft.'' (ATCA), this MTN agreement is the only major sector-specific civil aircraft agreement. It establishes a framework of rules governing the conduct of trade in civil aircraft based on commercial"

 

Aircraft Container :A unit load device ( ULD ) which links directly with the airplane cargo handling and restraint system.

 

Air-ride trailer:trailers that ride on airbags that are positioned between the axle and the trailer; airbag compresses and decompresses to absorb vibration from road, so trailer stays level and cargo is unaffected.

 

Airwaybill:Document raised for each airfreight shipment, outlining all the shipment's details, an 'Airwaybill Number' is issued, this enables your shipment to be identified with the carrier, allowing track-ability during transit.

 

Aktiengesellschaft - "AG (German, meaning: ""stock company"") is a corporation with a separate legal personality which must have at least five partners. The firm name usually reflects the activities of the company and must include ""AG."" "

 

ALADI - Asociacion Latinoamericana de Integracion

 

ALIDE - "Association Latinoamericana de Institutiones Financieras, de Desarrollo"

 

All in Rate - Freight rate which is inclusive of all surcharges and extras. This type of freight rate is to be found in the liner trade.

 

All In:The total price to move cargo from origin to destination, inclusive of all charges.

 

All Risk Insurance - It is a clause in marine insurance policies which covers loss and damage from external causes, like fire, collision, pilferage, etc. excluding innate flaws in the goods, like decay, germination and faulty packaging, improper packing/ loading or loss of market, war, strikes, riots and civil commotions. [also check Marine Insurance]

 

All Risk: All Risks Coverage, a type of marine insurance, is the broadest kind of standard coverage, but excludes damage caused by war, strikes, and riots.

 

All Risks Coverage - "All Risks Coverage, a type of marine insurance, is the broadest kind of standard coverage, but excludes damage caused by war, strikes, and riots."

 

Alliance:Group of airlines or ocean carriers who coordinate and cross list schedules, and sell capacity on each other’s flights/voyages.

 

Allotment: A term used to describe blocked space by airlines on behalf of forwarders/shippers.

 

All-Risk Clause - An insurance provision that all loss or damage to goods is insured except inherent vice (self-caused).

 

The above details describes about terms called in shipping such as Agrement,Agreed Weight,Air Cargo Agent ,Air Waybill,Airbus Industries Group,Air Freight Forwarder,Alliance,All Risk Insurance,All-Risk Clause etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in shipping such as Advocacy Center,Agency Clause,Agency Fee,Agent (Agt.),After Date etc

 

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