Terms used in shipping such as ATDNSHINC,Australia Group,Automated Clearinghouse, Ausstellungs etc

Posted on 08 April 2023 Category : Shipping Terms

Terms used in shipping such as ATDNSHINC,Australia Group,Automated Clearinghouse, Ausstellungs etc.

This post explains about terms used in shipping such as Assessment, Assignment, Athwartships,ATDNSHINC,Australia Group,Automated Clearinghouse, Ausstellungs, Astern 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

Asia Pacific Economic Cooperation - "APEC, established in November 1989, is an informal grouping of Asia Pacific countries that provides a forum for Ministerial level discussion of a broad range of economic issues. APEC includes the six ASEAN countries (Brunei, Indonesia, Malaysia, Philippi"

Asian Clearing Union - "The ACU promotes regional trade and economic cooperation, including arrangements to conserve foreign exhcange and encourage domestic currencies in trade. Members include Bangladesh, India, Iran, Myanmar, Nepal, Pakistan, and Sri Lanka; Bhutan, Malaysia, "

Asian Development Bank - "The ADB helps finance economic development in developing countries in the Asian and Pacific area through the provision of loans on near-market terms, with its Ordinary Capital Resources (OCR), and on concessional terms, through the Asian Development Fund "

Asian Development Fund - "The ADF (or AsDF), an affiliate of the Asian Development Bank, lends funds on concessionary terms to the Bank's least developed member countries."

Assessment - The imposition of antidumping duties on imported merchandise.

Assessment of Duties and Taxes:Determining the amount of duties and taxes payable.

Assignment:A term commonly used in connection with a bill of lading. It involves the transfer of rights, title and interest in order to assign goods by endorsing the bill of lading.

Association of African Development Finance Institutions - "AADFI (French: Association des Institutions Africaines de Financement du Developpement, AIAFD) promotes cooperative financing for social development in Africa and economic integration. The Association was established in March 1975; headquarters are in A".

Association of African Trade Promotion Organizations - "AATPO promotes inter-African trade, harmonization of commercial policies, communication among African states in trade matters, and research and training. The organization, which has about 26 members, was established in 1975 under the auspieces of the Org".

Association of Central African Banks - "ACAB (French: Association des Banques Centrales Africanines, ABCA) promotes cooperation among monetary, banking, and financial institutions in Africa. Members include two African regional banks and about 32 national banks. The Association was created i"

Association of International Bond Dealers - The AIBD provides a forum for over 500 members from 30 countries to review international securities market matters. The primary objectives of the Association are to provide a basis for examinaitn and discussion of questions relating to the secondary mark

Association of Southeast Asian Nations - "ASEAN was established in 1967 to promote political, economic, and social cooperation among its six member countries: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Brunei. ASEAN headquarters are in Jakarta, Indonesia. In January 1992, ASEAN"

Astern: Behind a vessel.Move in a reverse direction.

ASTERN:A backward direction in the line of a vessel’s fore and aft line; behind. If a vessel moves backwards it is said to move astern; opposite to ahead.

AT SEA:In marine insurance this phrase applies to a ship which is free from its moorings and ready to sail.

ATA:Actual Time of Arrival

ATA:Actual Time of Arrival, or Airport-To-Airport, or Air Transport Association of America.

ATD: Actual Time of Departure.

ATDN - Any Time Day or Night - Term used in a time Charter-Party to signify that the shipowner may deliver the ship or that the charterer may redeliver the ship, as the case may be, at any time of the day or night and not necessarily during normal working hours. This term is very often followed by SHINC (Sundays and holidays included).

ATDNSHINC:Any time Day or Night Sundays & Holidays Included.

Athwartships:A direction across the width of a vessel.

ATR1:Preference document used in trade between EU members and Turkey, to benefit from cheaper rates of duty

ATS - All Time Saved: term used in a voyage charter party to define one method by which despatch money is calculated, that is, by deducting time used for loading and/or discharging, as the case may be, from a theoretical time up to the expiry of laytime which includes excepted periods, for example a charterer may be allowed 10 days for loading. He calculates the expiry of laytime taking, account of excepted periods such as weekends, and arrives at a theoretical number of calendar days, say 15. Should he only use four laydays to load, he is entitled to II days despatch money.

AUMA - "Die Ausstellungs- und Messe-Ausschuss der Deutschen, Wirtschaft"

Ausfuhrkredit-Gesellschaft - AKA (English: Export Credit Establishment) is an association of German banks which provide medium and long-term funding for exports.

Ausstellungs (Die) - und Messe-Ausschuss der Deutschen Wirtschaft - "AUMA (German: the German Industry Council for Exhibitions and Trade Fairs) promotes exports by bringing together government, semiprivate, and private organizations in the coordination of domestic and overseas trade events. AUMA is a private organization "

Australia Group - "The Australia Group, AG, is an informal forum through which 22 industrialized nations cooperate to curb proliferation of chemical and biological weapons through a supply approach. The AG's first meeting, held at the Australian Embassy in Paris in June 19"

Automated Broker Interface - "ABI, a part of Customs' Automated Commercial System, permits transmission of data pertaining to merchandise being imported into the United States. Qualified participants include brokers, importers, carriers, port authorities, and independent data process"

Automated Clearinghouse - The Automated Clearinghouse (ACH) is a feature of the Automated Broker Interface which is a part of Customs' Automated Commercial System. The ACH combines elements of bank lock box arrangements with electronic funds transfer services to replace cash or c

Automated Commercial Environment (ACE):U.S. Customs electronic data system that provides support for ensuring trade compliance, enforcing trade and contraband laws, and providing service and information to the international trade community.

Automated Commercial System - "The Customs Service's Automated Commercial System, ACS, is a joint public-private sector computerized data processing and telecommunications system linking customhouses, members of the import trade community, and other government agencies with the Customs"

AUTOMATED COMMERCIAL SYSTEM (ACS):The electronic system of the U.S. Customs Service, encompassing a variety of industry sectors, that permits on-line access to information in selected areas.

Automated Export Reporting Program - The AERP provides for electronic submission of most information required on the Shipper's Export Declaration. The program was initiated in 1969 with the intent of enabling large volume exporters to submit electronically and facilitate Census Bureau data

Automated Information Exchange - "AIES, a part of Customs' Automated Commercial System, allows for exchange of classification and value information between field units and headquarters. "

AUTOMATED MANIFEST SYSTEM (AMS):The electronic system allowing a manifest inventory to be transmitted to the U.S. Customs Service data center by carrier, port authority, or service center computers.

Automated Manifest Systems - "AMS, a part of Customs' Automated Commercial System (ACS) controls imported merchandise from the time a carrier's cargo manifest is electronically transmitted to Customs until control is relinquished to another segment of the ACS. "

The above details describes about terms called in shipping such as as Assessment, Assignment, Athwartships,ATDNSHINC,Australia Group,Automated Clearinghouse, Ausstellungs, Astern 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 Bill of Ladinq, Bunker Surcharge, BackHaul, Backfreight, Backhaul etc.

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