Acronyms




w

W. & I.

Weighing and Inspection

W.A.

With Average

w.g.

Weight guaranteed

W.P.A.

With Particular Average

W.R.

War Risk

W/M

Weight and/or measurement

W/R

Warehouse receipt

War Risk

The possible aggressive actions against a ship and its cargo by a belligerent government. This risk can be insured by a marine policy with a risk clause.

War Risk Insurance

Insurance issued by marine underwriters against war-like operations specifically described in the policy. In former times, war risk insurance was taken out only in times of war, but currently many exporter cover most of their shipments with war risk insurance as a protection against losses from derelict torpedoes and floating mines placed during former wars, and also as a safeguard against unforeseen warlike developments. In the United states, war risk insurance is written in a separate policy from the ordinary marine insurance; it is desirable to take out both policies with the same underwriter in order to avoid the ill effects of a possible dispute between underwriters as to the cause (marine peril or war peril) of a given loss.

Warehouse Receipt

A receipt of commodities deposited in a warehouse, identifying the commodities deposited. It is non-negotiable if permitting delivery only to a specified person or firm, but it is negotiable if made out to the order of a person or firm or to a bearer. Endorsement (without endorsement if made out to bearer) and delivery of a negotiable warehouse receipt serves to transfer the property covered by the receipt serves to transfer the property covered by the receipt. Warehouse receipts are common documents in international banking.

Warehouse-to-Warehouse

A clause in marine insurance policy whereby the underwriter agrees to cover the goods while in transit between the initial point of shipment and the point of destination, with certain limitations, and also subject to the law of insurable interest. When it was first introduced, the warehouse-to-warehouse clause was extremely important, but now its importance is diminished by the marine extension clauses, which override its provisions.

Web Lashing

Webbing made of artificial fibre which is tightened and locked with a winch.

Weight Load Factor

Payload achieved as against available, expressed as a percentage. Cargo is frequently limited by volume rather than weight; load factors of 100% are rarely achieved.

Weight, Legal

Net weight of goods, plus inside packing.

Wharfage

A charge assessed by a pier or dock owner against the cargo or a steamship company for use of the pier or dock.

With Average

A marine insurance term meaning that shipment is protected for partial damage whenever the damage exceeds a stated percentage.

With Particular Average (W.P.A.)

An insurance term meaning that partial loss or damage of goods is insured. Generally must be caused by sea water. Many have a minimum percentage of damage before payment. May be extended to cover loss by theft, pilferage, delivery, leakage, and breakage.

Without Reserve

A term indicating shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual represented. See advisory capacity.

World Bank

International bank for reconstruction and development

NEWS
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maersk, both in terms of financial performance and in transforming the company. despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record q4 results in logistics and terminals, while ocean delivered an exceptional quarter driven by the increased volumes and current, temporary supply chain disruptions. port of rotterdam investigates green hydrogen : uniper and the port of rotterdam authority are investigating the possibilities of large-scale production of green hydrogen at the maasvlakte area in rotterdam. the parties have the ambition to realise a hydrogen plant on the site of uniper by 2025 with a capacity of 100mw and to expand this capacity to 500mw. the feasibility study will be completed this summer. dsv launches dsv customs classification : dsv launches a new customs classification service for international businesses called dsv customs classification. with the new service, dsv offers to perform customs classification on behalf of businesses, ensuring compliance with regulations and easing customers’ administrative hassle. qatar airways cargo to recommence middle east sales : effective 21 february 2021, qatar airways cargo will recommence cargo sales and bookings in the kingdom of saudi arabia, the united arab emirates and the arab republic of egypt with the appointment of general sales agents in these countries. unilode aviation solutions signs long-term agreement with la couverture : unilode aviation solutions, the market leader in outsourced unit load device (uld) management and repair services, and mdg group, a supplier of cold chain products and services for the food and pharmaceutical sectors, sign a long-term agreement for the repair of la couverture, a unique product developed and manufactured by mdg for the protection of temperature-sensitive products in the aviation supply chain. xpo logistics once again named a world's most admired company : xpo logistics, inc., a leading global provider of transportation and logistics solutions, has been named a world’s most admired company for 2021 by fortune magazine. xpo has been recognized by fortune as a world’s most admired company every year since 2018. turkish cargo prepares for 'cargo talks' industry discussion : turkish cargo is organizing a webinar titled “cargo talks” during which the valuable stakeholders of the air cargo industry, who finger on the pulse of the industry, will exchange opinions, and the important agenda items such as digitalization, vaccine transport, and the future of the industry will be discussed. the port of los angeles launches truck efficiency incentive : the port of los angeles is launching a new incentive program to move trucks faster and more efficiently through its terminals. ceva logistics expands south east asian reach : ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. ceva logistics expands south east asian reach ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. abu dhabi ports signs integrated maritime logistics agreement : safeen, abu dhabi ports’ maritime arm, has recently signed a historic agreement with allianz marine & logistics services (amls), to launch a new international provider of integrated maritime logistic services. qatar airways cargo announces re-wilding programme : qatar airways cargo announces chapter 2 of its sustainability programme weqare: rewild the planet. kuehne+nagel joins team malizia's sustainability and marine protection efforts : committed to marine protection and sustainable shipping, cma cgm, hapag-lloyd, msc and kuehne+nagel support the yacht racing team malizia under the motto: "a race we must win". with a strong environmental message, the partners are working for a sustainable future and contributing to ocean health by reducing worldwide co2 emissions while focusing on the main pillars: co2 reduction and transparency, science and education. port of dunkirk to rosslare increases capacity : as of wednesday 27 january, the "mv drotten", sistership of the "mv visby", will now call at the dfds seaways ro-ro terminal on the dunkerque-rosslare service (ireland). port of rotterdam sails through a rocky year : 2020 was quite a special year for the harbour master’s division of the port of rotterdam authority. covid-19 was a dominant factor in the port as well. additional corona containment measures led to an increase in work pressure.