Terms used in shipping such as Jib,Joint Rate,Joint Survey ,Joint Venture,Keidanren , Keel

 

Terms used in shipping such as Jib,Joint Rate,Joint Survey ,Joint Venture,Keidanren , Keel etc.

 

 

This post explains about terms used in shipping such as jetsam,Jettison ,Jib,Joint Rate,Joint Survey ,Joint Venture,Keidanren ,Keel 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

 

Japan International Cooperation Agency - JICA administers the bilateral grant portion of Japan's Official Development Assistance (ODA). JICA covers both: (a) grant aid cooperation (offered without the obligation of repayment) and (b) technical cooperation (offering trainees, experts, equipment, project-type technical cooperation, and development studies). The Agency was established in August 1974; headquarters are in Tokyo, Japan. See: Export-Import Bank of Japan Overseas Economic Cooperation Fund.

 

JCIT - Joint Committee for Investment and Trade

 

Terms used in shipping such as Jib,Joint Rate,Joint Survey ,Joint Venture,Keidanren , Keel etcJDB - Japan Development Bank

 

JEIC - Japan Export Information Center

 

JETRO - Japan External Trade Organization

 

jetsam - Cargo thrown overboard in order to lighten a ship, and washed ashore.

 

JETSAM:Goods from a ship’s cargo or parts of its equipment that have been thrown overboard to lighten the load in time of danger or to set a stranded ship adrift.

 

Jett. – Jettison

 

Jettison - It is the throwing of the cargo or ship's property overboard in a hope of saving the ship from sinking.

 

jettison - The throwing overboard of cargo to lighten a ship in order to save the ship and its contents.

 

Jettison Clause - Clause in a Bill of Lading or Charter-Party setting out the circumstances under which a master is entitled to jettison goods from a ship.

 

Jettison:Act of throwing cargo or equipment (jetsam) overboard when a ship is in danger.

 

jetty - A structure projecting out to sea, designed to protect a port from waves but also used to berth ships.

 

JEXIM - The Export-Import Bank of Japan

 

jib - Arm of a crane which extends outwards. At one end hangs the hook used for lifting goods.

 

JICA - Japan International Cooperation Agency

 

JIS - Japanses industrial standards

 

JIT: The abbreviation for "just in time," which is a way to minimize warehousing costs by having cargo shipped to arrive just in time for its use. This inventory control method depends on extremely reliable transportation.

 

Joint Committee for Investment and Trade - The JCIT, was established in October 1990 to demonstrate U.S. and Mexican commitment to greater economic cooperation. The Committee identifies trade and investment opportunities and coordinates trade promotion events.

 

Joint Publication Research Service - See: Foreign Broadcast Information Service.

 

Joint Rate:A rate applicable from a point on one transportation line to a point on another line, made by agreement and published in a single tariff by all transportation lines over which the rate applies.

 

Joint Survey - Inspection carried out by a surveyor on behalf of two parties, the cost generally being borne by both.

 

Joint Venture - A business undertaking in which more than one firm share ownership and control of production and/or marketing.

 

JOINT VENTURE:A term of business partnership involving joint management and the sharing of risks and profits between enterprises sometimes based in different countries.

 

JONES ACT:Merchant Marine Act of 1920, Section 27, requiring that all U.S. domestic waterborne trade be carried by U.S.-flag, U.S.-built, and U.S.-manned vessels.

 

JPRS - Joint Publication Research Service

 

jumboising - Conversion of a ship to increase its cargo area capacity by dividing the ship and adding a new section.

 

Jurisdiction Clause - Clause in a Bill of Lading or Charter-Party, which stipulates that any dispute between the parties arising from the contract, be resolved in a court of law, as opposed to arbitration. It also specifies which county has jurisdiction, that is, the authority to administer justice. Also known as litigation clause.

 

JUST IN TIME (JIT):The principle of production and inventory control in which goods arrive when needed for production or use.

 

K.D. - Knocked down

 

K.D.C. - Knocked down condition

 

KANBAN:The Japanese word referring to the manufacturing control system in which suppliers deliver needed parts just in time to the assembly line for use.

 

Kangera Basin Organization - The KBO promotes integrated exploitation and management of water and land resources in the Kangera Basin. Officially known as the Organization for the Managment and Development of the Kangera Basin (French: Organisation pour l'Amenagement et le Developpement du Bassin de la Riviere Kagera), the KBO was established in 1978; headquarters are in Kigali, Rwanda. BKO members inlcude: Burundi, Rwanda, Tanzania, and Uganda.

 

KD FLAT:An article taken apart, folded, or telescoped to reduce its bulk at least 66-2/3% below its assembled size.

 

KDCL:Knocked Down in Carload Lots.

 

KDD - Kokusai Denshin Denwa

 

KDLCL:Knocked Down in Less than Carload Lots.

 

keel - Longitudinal girder at the lowest point of a ship.

 

KEEL:The lowest longitudinal timber of a vessel, on which framework of the whole is built up; combination of iron plates serving same purpose in iron vessel.

 

Keel:The main center-line structural member, running fore and aft along the bottom of a ship, sometimes referred to as the backbone.

 

Keidanren - Keidanren (the Japanese Federation of Economic Organizations) was established in 1946 as a private, non-profit economic organization representing virtually all branches of economic activity in Japan.

 

Keiretsu - Keiretsu refers to the horizontally and vertically linked industrial structure of post-war Japan. The horizontally linked groups include a broad range of industries linked via banks and general trading firms. There are eight major industrial groups, sometimes referred to as "Kigyo Shudan": Mitsubishi, Mitsui, Sumitomo, Fuyo, DKB, Sanwa, Tokai, and IBJ. The vertically linked groups (such as Toyota, Matshushita, and Sony) are centered around parent companies, with subsidiaries frequently serving as suppliers, distributors, and retail outlets. Common characteristics among the groups include crossholding of company shares, intra-group financing, joint investment, mutual appointment of officers, and other joint business activities. The keiretsu system emphasizes mutual cooperation and protects affiliates from mergers and acquisitions. Ties within groups became looser after the oil shocks of the 1970s as a result of decreasing dependence on banks for capital.

 

KFAED - Kuwait Fund for Arab Economic Development

 

KFTA - Korea Foreign Trade Association

 

KfW - Kreditanstalt fur Wiederaufbal

 

kg – kilogram

 

The above details describes about terms called in shipping such as jetsam,Jettison , Jib,Joint Rate,Joint Survey ,Joint Venture,Keidanren ,Keel 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 Issuing Carrier,Issuing Bank,Jacob's Ladder,Jackup ,Japan Development Bank

 

Related posts about free online training on overseas trade:

 

 

How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Different types of export containers
How to get GSP certificate of origin in India?
Types of export containers
Foreign Trade Policy of India 2015-20
India and ASIAN Trade Agreement
SAARC Preferential Trading Arrangement or SAPTA
India Chile Preferential Trade Agreement
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance 
How to solve exchange rate variation in export business
How to surrender ‘HBL’ House Bill of Lading
How transshipment bill of lading works?


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers