Terms used in shipping such as Charter Party Broker,Charterer's Bill of Ladinq,Charterer’s Market , Chartering Agent ,Chassis

 

Terms used in shipping such as Charter Party Broker,Charterer's Bill of Ladinq,Charterer’s Market , Chartering Agent ,Chassis etc.

 

This post explains about terms used in shipping such as Chargeable Kilo,Charter in (to),Charter Party Broker,Charterer's Bill of Ladinq,Charterer’s Market , Chartering Agent ,Chassis,CHIEF ENGINEER,CHIEF STEWARD,Checkers 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

 

channels of distribution: The routes by which products are transported from origin to destination. This includes the physical routes, as well as the different companies involved in ultimately delivering the goods to buyers.

 

Charge d'affaires - See: Title and Rank.

 

Chargeable Kilo - A term used for rate of goods where the volume exceeds six cubic metres to the tonne.

 

Terms used in shipping such as Charter Party Broker,Charterer's Bill of Ladinq,Charterer’s Market , Chartering Agent ,Chassis etcCharges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency, destination/delivery.

 

Charter - The chartering or hiring of a ship. A ship which is hired out is said to be on charter and the time during which a ship is hired out is known as the period of the charter.

 

CHARTER AGREEMENT/CHARTER PARTY:A lease or agreement to hire an airplane, vessel, or other means of conveyance to transport goods to one or more designated locations. Among other specifications, the contract usually stipulates the exact obligations of the vessel owner (loading the goods, carrying the goods to a certain point, returning to the charterer with other goods, etc.), or it provides for an outright leasing of the vessel to the charterer, who then is responsible for his own loading and delivery. In either case, the charter party sets forth the exact conditions and requirements agreed upon by both sides.

 

Charter by Demise - See bareboat chatter.

 

Charter in (to) - To hire a ship from a shipowner. This expression is sometimes used more specifically to denote that the ship is being chartered for a specific voyage or purpose, supplementing a shipping company s fleet whose ships are fully committed or more profitably employed elsewhere.

 

Charter Party Bill of Lading - Bill of Lading issued for a shipment of cargo on a chartered ship when it is intended that the receiver be bound by the terms and conditions of the Charter-Party. A clause to this effect incorporating the date and place of signature of the Charter-Party appears on the Bill of Lading.

 

CHARTER PARTY BILL OF LADING:A bill of lading issued under a charter party. It is not acceptable by banks under letters of credit unless so authorized in the credit.

 

Charter Party Broker - A broker that will contract at the actual market level, but he will always try to phrase every single Charter-Party clause so that it will be as advantageous as possible to his principal. It must be stressed that a Charter-Party that has not been carefully drafted may cause one of the parties considerable loses.

 

Charter Party:A written contract between the owner of a vessel and the person desiring to employ the vessel (charterer); sets forth the terms of the arrangement such as duration of agreement, freight rate and ports involved in the trip.

 

Charter rate - a rate for shipping freight agreed upon between the owner of a vessel and the person wanting to use the vessel (the 'charterer').

 

CHARTER RATES:The tariff applied for chartering tonnage in a particular trade.

 

Charterable - Said of a quantity of goods that is sufficient to fill a ship taken on charter terms.

 

CHARTERER:The person to whom is given the use of the whole of the carrying capacity of a ship for the transportation of cargo or passengers to a stated port for a specified time.

 

Charterer’s Agent - Ship's agent nominated by the voyage charterer in accordance with Charter-Party. Although nominated by the charterer, the agent is paid by, and is responsible to, the shipowner. Can also be applicable to agents appointed at a load or discharge port by request of the actual cargo interests.

 

Charterer’s Market - Weak market, with comparatively low freight rates.

 

Charterer's Bill of Ladinq - Bill of Lading issued by a charterer and signed by him or his agent. Under certain circumstances, the charterer who signs his own bills of lading may be deemed to be the carrier, thus taking on all responsibilities of a carrier.

 

Chartering Agent - Shipbroker that acts on behalf of a charterer in the negotiations leading to the chartering of a ship. He is the counterpart to the owner's broker, the shipowner who acts on behalf of the shipowner.

 

Charterparty:A written contract between a shipowner and a charterer who rents use of the ship or part of its freight capacity. A voyage charterparty is a contract covering transport of goods from one or more ports to one or more ports and will detail the costs and responsibilities involved.

 

Chassis - A rail term that refers to a frame with wheels and locking devices to secure a container during shipping.

 

CHASSIS:(1) A wheel assemble including bogies constructed to accept mounting of containers. (2) A frame with wheels on which a container rides

 

Chassis:A frame with wheels and container locking devices in order to secure the container for movement. Not shipped on the vessel with the container.

 

Chassis:A frame with wheels and container locking devices in order to secure the container for movement.

 

Chassis:A wheeled flat bed or a trailer constructed to accommodate containers moved over the road.

 

CHB - Customhouse Broker

 

checkers: See clerks.

 

CHEMICAL TANKER:Specially designed for the transport of chemicals.

 

Chemical Weapons Convention - The CWC prohibits the development, production, stockpiling, and use of chemical weapons. The Convention permits monitoring, collection and review of data and on-site inspections that involve questions of protection of proprietary rights and confidentiality. The Convention has been signed by over 160 nations; entry into force is expected in January 1995.

 

Chemical/Biological Weapons - The Department of Commerce maintains foreign policy export controls on certain chemical precursors and equipment and biological agents and equipment useful in chemical warfare. Through the Australia Group, AG, the United States cooperates with other nations in controlling chemical and biological weapons proliferation. The AG developed a list of 54 precursors useful for chemical weapons development, along with control on certain biological organisms and on equipment useful in producing CBW agents. The AG also provides the forum in which the member countries share information concerning the activities of non-member countries where the proliferation of these weapons is of concern, including entities that are seeking chemical precursors and related items.

 

CHG - Charge d'Affaires

 

CHIEF (Customs Handling of Import and Export Freight):HM Revenue & Customs computer system

 

CHIEF ENGINEER:Head of engineer department. Keeps records of all engine parts and repairs. Generally tends to the functioning of all mechanical equipment on ship. Calculates fuel and water consumption and requirements. Coordinates operations with shoreside port engineer.

 

CHIEF ENGINEER:The senior engineer officer responsible for the satisfactory working and upkeep of the main and auxiliary machinery and boiler plant on board ship.

 

CHIEF MATE:The officer in the deck department next in rank to the master; second in command of a ship. He is next to the master, most especially in the navigation and as far as the deck department is concerned. The chief mate assumes the position of the Master in his absence.

 

CHIEF STEWARD:Orders food. Prepares menus. Assists chief cook in food preparation.

 

The above details describes about terms called in freight forwarding such as Chargeable Kilo,Charter in (to),Charter Party Broker,Charterer's Bill of Ladinq,Charterer’s Market , Chartering Agent ,Chassis,CHIEF ENGINEER,CHIEF STEWARD,Checkers 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 trade below this post.Terms used in shipping such as classification rating,class rates,claim,cash in advance, chq 

 

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