Terms used in shipping such as Safeguards,Saleform,Salvage Lien,Schedule B,Safe Berth,Salvage Clause etc.
This post explains about terms used in shipping such as Service of suit,Shipper's weights,Survey Fee,Safeguards,Saleform,Salvage Lien,Schedule B,Safe Berth,Salvage 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
S. & A. - Signing and accounting (procedure)
S. & F.A. - Shipping and Forwarding Agent
S. & H/exct. - Sundays and holidays excepted in lay days
S. & L. - Sue & Labor (charges)
S. B. - Short Bill
S. to S. - Station to station
S.A. - Salvage Association
s.a.n.r. - Subject to approval no risk
S.B.M. - Single buoy mooring
s.b.s. - survey before shipment
s.c. - Salvage charges
S.C.A. - Settlement of claims abroad
S.C.O.R. - Scientific Commission on Oceanic Research
S.D. - Sea damage
S.d. - Short delivery
S.D.A. - Single administrative document
S.D.H.F. - Standard Dutch Hull Form
S.E.P. - Subject to endorsement on the policy
S.H.P. - Shaft horse-power
S.I. - Short Interest, Sum Insured International System of Units (System International)
S.I.T.P.R.O - Simplification of Industrial Trade Procedures Boad
S.K.D. - Semi knocked down
s.l. - Salvage loss
S.O. - Seller's option
S.O.L. - Ship owner's liability
S.O.S. - Service of suit
S.P. - Supra Protest
s.p.d. - Steamer pays dues
S.R. & C.C. - Strikes, riots and civil commotions
S.R.L. - Ship repairers' liability
S.S. & C. - Same sea and country or coast
S.S.C. - Simultaneous settlements clause
S.S.N. - Standard shipping notice
s.v. - Sailing vessel
S.W. - Shipper's weights
S.W.D. - Seawater damage
S.W.G. - Standard wire gauge
S/A - Subject to Acceptance (insurance)
s/a - Subject to approval
S/D:Abbreviation for: - Sight draft. - Sea damage.
S/Fee - Survey Fee
S/I - Sum insured
S/IOGA - State/Industry-Organized, Government-Approved
S/L - Sue and labor
S/L.C. - Sue and labor clause
S/L.Ch. - Sue and labor charges
S/N - Shipping note
SA - Sociedad Anonima, Societe Anonyme
SA de CV - Sociedad Anonima
SAARC - South Asian Association for Regional Cooperation
SABIT - Special American Business Internship Training Program
SACU - Southern African Customs Union
SADC - Southern African Development Community
SAF - Structural Adjustment Facility
Safeguards - The General Agreement on Tariffs and Trade (GATT) permits two forms of multilateral safeguards: (a) a country's right to impose temporary import controls or other trade restrictions to prevent commercial injury to domestic industry, and (b) the corresponding right of exporters not to be deprived arbitrarily of access to markets. Article XIX of the GATT permits a country whose domestic industries or workers are adversely affected by increased imports to withdraw or modify concessions the country had earlier granted, to impose, for a limited period, new import restrictions if the country can establish that a product is "being imported in such increased quantities as to cause or threaten serious injury to domestic producers," and to keep such restrictions in effect for a such time as may be necessary to prevent or remedy such injury.
Said to Contain (STC):A standard clause used to protect carrier, NVOCC operators or forwarders when cargoes are stuffed into the container by shippers, their agents or other third parties. See also Shipper’s Load and Count.
Saleform - Memorandum of agreement giving details of the purchase of a ship, devised by the Norwegian Shipbroker's Association.
Sales Representative - An agent who distributes, represents, services, or sells goods on behalf of foreign sellers.
SALM - Single anchor leg mooring
Salvage Clause:A marine insurance policy clause which states the proportion of salvage charges for which underwriters are liable.
Salvage Lien:A maritime lien which exists when a ship or goods come into the possession of one who preserves them from the perils at sea. All salvage services carry with them a maritime lien on the items saved.
Salvage Value:The value on which salvage is awarded. It generally means the value of ship and cargoes when they have been brought to a place of safety by the salvors.
SALVAGE:(1) The rescue of goods from loss at sea or by fire. Also, goods so saved, or payment made or due for their rescue. (2) The property which has been recovered from a wrecked vessel, or the recovery of the vessel herself.
Sanction:An embargo imposed by a Government against another country.
SARL - Societe e Responsabilite Limitee
The above details describes about terms called in shipping such as Service of suit,Shipper's weights,Survey Fee,Safeguards,Saleform,Salvage Lien,Schedule B,Safe Berth,Salvage 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 Rio Group,Rollback,Rolling cargo,Rounds , Royalty,Running Days,Running Gear
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