Terms used in shipping such as American Business Initiative,Andean Group , Anniversary Date,Antidumping Duty etc.

 

Terms used in shipping such as American Business Initiative,Andean Group , Anniversary Date,Antidumping Duty etc.

 

This post explains about terms used in shipping such as Alongside, Amendments, American Business Initiative,Andean Group ,Anniversary Date,Antidumping Duty,ANTI-TRUST EXEMPTION,Applicant,Antidumping Petition 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

 

All-Risk Clause - It is an insurance provision providing additional coverage to an Open Cargo Policy. It covers theft, pilferage, non-delivery, fresh water damage, breakage, and leakage. It does not cover inherent vice, loss of market, and losses caused by delay.

 

Alongside - "A phrase referring to the side of a ship. Goods to be delivered ""alongside"" are to be placed on the dock or lighter within reach of the transport ship's tackle so that they can be loaded aboard the ship. Goods are delivered to the port of embarkation, b"

 

Terms used in shipping such as American Business Initiative,Andean Group , Anniversary Date,Antidumping Duty etcAlongside: A phrase referring to the side of a ship. Goods to be delivered alongside are to be placed on the dock or lighter within reach of the transport ship's tackle so that they can be loaded aboard the ship. Goods are delivered to the port of embarkation, but without loading fees.

 

Alongside:A phrase referring to the side of a ship. Goods delivered "alongside" are to be placed on the dock or barge within reach of the transport ship's tackle so that they can be loaded.

 

Alternative Rates:Privilege to use the rate producing the lowest charge.

 

AMB – Ambassador

 

Ambient Temperature:The temperature of a surrounding body. The ambient temperature of a container is the atmospheric temperature to which it is exposed.

 

AMCHAM - American Chamber of Commerce

 

Amendments - Article XXX of the GATT Agreement provides that amendments (that become effective upon acceptance by two thirds of the Contracting Parties) are to be effective only for those parties which accept them.

 

American Bureau of Shipping (ABS):U.S. classification society which certifies seagoing vessels for compliance to standardized rules regarding construction and maintenance.

 

American Business Center - "The ABC program provides U.S. companies which are exploring or establishing commercial opportunities in the Newly Independent States of the former Soviet Union with business services such as telephone and fax, temporary office space, market information, a"

 

American Business Initiative - "The ABI, or American Business and Private Sector Development Initiative for Eastern Europe, emphasizes the export of American telecommunciations, energy, environment, housing, and agriculture products and services to Eastern European countries. "

 

American Depository Receipts - "ADRs are negotiable receipts for the securities of a foreign company which are kept in the vaults of an American bank, allowing Americans to trade the foreign securities in the United States while accruing any dividends and capital gains. "

 

American Institute in Taiwan - "The AIT is a non-profit corporation that represents U.S. commerical, cultural, and other interests in Taiwan in lieu of an embassy. In 1979, the United States terminated formal diplomatic relations with Taiwan when it recognized the People's Republic of "

 

American Traders Index - "The American Traders Index, ATI, is the U.S. and Foreign Commercial Service headquarters compilation of individual US&FCS domestic client files, for use by overseas posts to generate mailing lists. "

 

AMIDSHIPS:Generally speaking the word amidships means in the middle portion of a vessel.

 

AMS :Automated Manifest System.An application that expedites the clearance of cargo for the subsequent release of containers when imported to U.S.A. through electronic submission of cargo manifests in lieu of bulk paper manifests.

 

anchorage: Port charge relating to a vessel moored at approved anchorage site in a harbor.

 

Andean Group - The Andean Group (Spanish: Grupo Andino; sometimes referred to as Pacto Andino or Corporation Adino de Fomento; formal reference is Acuerdo de Cartegana in recognition of the Group's establishment in Cartegena in October 1969) is an association of Latin

 

Andean Reserve Fund - "The Andean Reserve Fund (Spanish: Fondo Andina de Reservas), associated with the Andean Group, was established to strengthen the balance of payments positions of member countries by offering credit, guarantee loans, and promoting compatibility among memb"

 

Andean Trade Preference Act - "The ATPA is a unilateral trade benefit program designed to promote economic development through private sector initiative in the four Andean countries of Bolivia, Colombia, Ecuador, and Peru. The ATPA encourages alternatives to coca cultivation and produ"

 

ANF - Arrival notification form

 

Anniversary Date - This refers to the hour and date the ship is delivered to the charterer and, therefore, hire is paid from that date, either semi-monthly, monthly, or per 30 days, through the end of the charter period. This is especially important when negotiating for an extension, or when 'fixing" in direct continuation.

 

Antidumping - "Antidumping, as a reference to the system of laws to remedy dumping, is defined as a converse of dumping."

 

Anti-Dumping Clause - A tariff imposed to discourage sale of foreign goods in the United States market at very low prices (below foreign country's domestic market) which might hurt U.S. manufacturers.

 

Antidumping Duty - A duty assessed on imported merchandise which is subject to an antidumping duty order. The antidumping duty is assessed on an entry-by-entry basis in an amount equal to the difference between the United States price of that entry and the foreign market v

 

Antidumping Duty Order - "A notice issued following final determination of sales at less than fair value and material injury, or threat of material injury, providing for the imposition of antidumping duties."

 

Anti-Dumping Duty:A tariff imposed to discourage sale of foreign goods, subsidized to sell at low prices detrimental to local manufacturers.

 

Antidumping Investigation Notice - The notice published in the Federal Register announcing the initiation of an antidumping investigation. An investigation must be initiated within 20 days of the filing of a valid petition.

 

Antidumping Petition - "A petition filed on behalf of an affected United States industry, alleging that foreign merchandise is being sold in the United States at ""less than fair value"" and that such sales are causing or threatening material injury to, or materially retarding the"

 

Antidumping/Countervailing Duty System - "The Antidumping/Countervailing Duty System, a part of Customs' Automated Commercial System, contains a case reference database and a statistical reporting system to capture data for International Trade Commission reports on antidumping and countervailing "

 

ANTI-TRUST EXEMPTION:The immunity from prosecution under the Sherman Act, granted to steamship companies in 1916, in recognition of the special services and value American Flag merchant vessels provide in the defense of the country in time of war.

 

Any Quantity (A.Q.):Usually refers to a rating that applies to an article regardless of size or quantity.

 

AP - All Purposes - Time allowed in a voyage charter for loading and discharging combined, expressed as a number of days and hours. Also referred to simply as purposes.

 

Apparent Good Order:When freight appears to be free of damage so far as a general survey can determine.

 

Applicant:The buyer who has requested his bank to arrange an L/C on his behalf. In some countries where the buyer may have trouble arranging an import license, the applicant may be a third party acting on behalf of the buyer.

 

Appraisement:Determination of the dutiable value of imported merchandise by a Customs official who follows procedures outlined in their country's tariff, such as the U.S. Tariff Act of 1930.

 

The above details describes about terms called in shipping such as as Alongside, Amendments, American Business Initiative,Andean Group ,Anniversary Date,Antidumping Duty,Anti-trust exemption,Applicant,Antidumping Petition 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 Air Waybill,Airbus Industries Group,Air Freight Forwarder,Alliance,All Risk Insurance etc.

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