Shipping Terms




a

Abeam

Alongside, near amidships. For navigational purposes in the direction of a right angle to the ship's heading.

ABS

See American Bureau of Shipping

Absorption

Acceptance by the carrier of a portion of a joint rate or charge which is less than the amount which it would receive for the service in the absence of such joint rate or charge.

Acceptance of Goods

The process of receiving a consignment from a consignor, usually against the issue of a receipt. As from this moment and on this place the carrier's responsibility for the consignment begins.

Accommodation ladder

Movable steps arranged temporary alongside e.g. a quay to allow access on board for officials, crew or passengers.

Accompanied Transport

The transport of complete road vehicles by another means of transport (e.g. train, ferry accompanied by the driver).

Accord Relatif aux Transports Internationaux de Denrees Perissables et aux Engins Speciaux a Utiliser pour ces Transports

Abbreviation: ATP Agreement on the international carriage of perishable foodstuffs and on the special equipment to be used for such carriage.

ACEP

See Approved Continuous Examination Program

Acknowledgement of Receipt

A notification relating to the receipt of e.g. goods, messages and documents.

Act of God

Accidents of a nature beyond human control such as flood, lightning or hurricane usually quoted as 'force majeure'.

Active Inventory

Covers raw material, work in progress, finished products, which will be used or sold within a given period without extra cost or loss. This term does not cover the so-called reserve inventory.

Actual Demand

Customer orders and often also the allocation of items, ingredients and/or raw materials to production or distribution.

Actual Voyage Number

A code for identification purposes of the voyage and vessel which actually transports the container/cargo.

Ad Valorem

In proportion to the value: A phrase applied to certain freight or customs duties levied on goods, property, etc. set as a percentage of their value.

Added Value

The value attributed to products, and services as the result of a particular process (e.g. production process, storage, transport).

ADR

See Articles Dangereux de Route

Advance Arrangement

An agreement between the shipper and the carrier, concerning contacts between those parties prior to tendering the consignment.

Advanced Amount

Quantity of cash or cash equivalents expressed in a monetary amount given to a driver to cover expenses during a trip.

Advanced Charge

A charge paid by a carrier to an agent or to another carrier, which the delivering carrier then collects from the consignee. Such charges are usually for agents' forwarding fees and incidental expenses paid out of pocket for account of the shipment by an agent or other carrier.

Advanced Interline

An interline carrier that picks up cargo from the shipper and delivers it to another carrier for shipment to the consignee.

Advice Note

A written piece of information e.g. about the status of the goods.

Aeroquip System

Special accessories in a container consisting of among others the attachment rails on the inside walls to provide facilities for lashing and separation of the cargo.

Aft

At, near or towards the stern or rear of a vessel or an aircraft.

Agency Fee

Fee payable by a shipowner or ship operator to a port agent.

Agent

A person or organisation authorised to act for or on behalf of another person or organisation. In P&O Nedlloyd, an Agent is a corporate body with, which there is an agreement to perform particular functions on behalf of them at an agreed payment. An Agent is either a part of the P&O Nedlloyd organisation or an independent body. The following functions and responsibilities may apply to the activities of an agent.

Aggregate Inventory

The inventory for any group of items or products, involving multiple stock-keeping units.

AGVS

Automated guided vehicle system.

Air Container

Any unit load device, primarily intended for transport by air, having an internal volume of 1 m3 or more, incorporating restraint provisions compatible with an aircraft restraint system, and an entirely flush base bottom to allow handling on roller-bed cargo handling systems.

Air Waybill

Abbreviation: AWB A document made out by or on behalf of the carrier(s) confirming receipt of the goods by the carrier and evidencing the contract between the shipper and the carrier(s) for the carriage of goods as described therein.

Allocation

The process of assigning activities, costs or facilities e.g. space to a certain organisational units.

Allotment

A share of the capacity of a means of transport assigned to a certain party, e.g. a carrier or an agent, for the purpose of the booking of cargo for a specific voyage.

Always Afloat (AA)

Provision in a charter party, that the vessel must remain afloat at all times when unloading and discharging.

American Bureau of Shipping

Abbreviation: ABS American classification society which has established rules and regulations for the classification of seagoing vessels or equipment.

Amidships

At or in the middle of a vessel.

Anchor

Device for temporary securing a ship or floating structure to the seabed by means of a chain or cable and a weight with movable extensions (arms)

Apparel

A vessel's outfit, such as rigging, anchor and lifeboats. The term used in distribution/transport of clothing for a single piece of clothing, a garment.

Approved Continuous Examination Program

Abbreviation: ACEP An agreement between the owners of the equipment and the responsible governmental body to allow continuous examination of the equipment (e.g. containers).

Apron

See Platform

Arbitration

The process of referring to an agreed person for judgement on issues of dispute, without requiring the use of courts.

Area Code

A code for the area where a container is situated.

Area of Repair

Geographical area where a container is under repair.

Area Off Hire Lease

Geographical area where a leased container becomes off hire.

Area Off Hire Sublease

Geographical area where a subleased container becomes off hire.

Area On Hire Lease

Geographical area where a leased container becomes on hire.

Area On Hire Sublease

Geographical area where a subleased container becomes on hire.

Arrival Date

The date on which goods or a means of transport is due to arrive at the delivery site of the transport.

Arrival Notice

A notice sent by a carrier to a nominated notify party advising of the arrival of a certain shipment or consignment.

Articles Dangereux de Route

Abbreviation: ADR A European agreement concerning the international carriage of dangerous goods by road.

Assembly

The stage of production in which components are put together into an end product appropriate to the process concerned.

Assignment

The transfer of certain rights from one party to another.

Astern

Behind a vessel or an aircraft. Backward; in a reverse direction.

ASYCUDA

Automated System for Customs Data. This program dealing with customs declarations has been developed by UNCTAD and is presently used by some 75 countries.

Athwartships

Across the vessel, that is, from side to side. Said of cargo stowed in this way, as opposed to length-wise.

Audit

A methodical examination and review of a situation or condition (as within a business enterprise) concluding with a detailed report of findings.

Audit Trail

A record of events, such as system access, network load, unsuccessful log-on attempts, that might have some significance for an investigation.

Authentication

Proof by means of a signature or otherwise that a certain document or certain data is of undisputed origin and genuine.

Authorised Consignee / Consignor

A trader authorised by the European Commission (regulation 2454/93) to receive or despatch consignments under transit procedures without having to present goods and documents directly at the customs office.

Authorization

The commission to a certain person or body to act on behalf of another person or body. The person or body can be authorised e.g. to issue Bills of Lading or to collect freight.

Auto Container

Container equipped for the transportation of vehicles.

Automated Guided Vehicle System

Unmanned vehicles equipped with automatic guidance equipment which follow a prescribed path, stopping at each necessary station for automatic or manual loading or unloading.

Automatic Identification

A means of identifying an item e.g. a product, parcel or transport unit by a machine (device) entering the data automatically into a computer.

The most widely used technology at present is bar code; others include radio frequency, magnetic stripes and optical character recognition.

Automatic Identification Manufacturers

Abbreviation: AIM
International Organisation of companies and/or associations involved or interested in automatic identification.

Average

In marine insurance: a loss or damage to or in respect of goods or equipment. The numerical result obtained by dividing the sum of two or more quantities by the number of quantities.

Average Adjusters

In general average affairs average adjusters are entrusted with the task of apportioning the loss and expenditure over the parties interested in the maritime venture and to determine which expenses are to be regarded as average or general average.

Aweigh

Description of the situation when the anchor has just been lifted from the seabed

Awning

Light structure with canvas or wooden covering rigged above an open space to provide protection from sun or rain.

Bookings

Booking of cargo in accordance with allotments assigned to the agent for a certain voyage by P&O Nedlloyd.

Collecting

Authorised to collect freight and charges on behalf of P&O Nedlloyd.

Customs

Dealing with the national customs administration for cargo declarations, manifest alterations and cargo clearance on behalf of P&O Nedlloyd.

Delivery

The agent who releases the cargo and is responsible for its delivery to the consignee.

Documentation

Responsible for timeliness and correctness of all documentation required, regarding the carriage of cargo.

Equipment control

Managing of all equipment stock in a particular area.

Handling

Taking care of all procedures connected with physical handling of cargo.

Handling of cargo claims

Handling of cargo claims as per agency contract.

Husbanding

Handling non cargo related operations of a vessel as instructed by the master, owner or charterer.

Issuing

Authorised to sign and issue Bills of Lading and other transport documents.

Sales

Marketing, acquisition of cargo, issuing quotations, concluding contracts in co-ordination with P&O Nedlloyd. Basically the agent is the first point of entry into the P&O Nedlloyd organisation for a shipper.

NEWS
lufthansa hopes to keep cargo flying lufthansa cargo is making every effort to maintain the flight operations of its cargo aircraft in the current corona crisis. turkish cargo puts cargo in the passenger cabin turkish cargo will utilise their network and fly their turkish airlines passenger aircraft for airfreight as repercussions from the coronavirus outbreak and travel bans send global supply chains into disarray. latam cargo mitigates supply chain difficulties through freighters latam cargo has sought to mitigate the current difficulties through its 11 b767-300 freighter aircraft, which make latam cargo group the cargo airline with the most freighters operating in latin america. swiss worldcargo to commence freight-only flights swiss worldcargo has announced that this week will see the commencement of cargo-only flights on some aircraft. heathrow calls on supply chain to maximise capacity heathrow will be stepping up its cargo capabilities as it calls on more airlines and freight companies to maximise the use of the hub airport’s quieter schedule so that the aviation industry can play its part in the economic and social fight against covid-19. turkish cargo connects linz with direct freighter service turkish cargo is continuing to increase its network announcing new direct freighter flights to linz (austria). caribbean airlines cargo suspends two freighter services caribbean airlines has temporarily suspended its tuesday and thursday freighter flights etihad announces new freighter schedule etihad cargo has announced its freighter schedule for the iata summer season, boosting capacity to its top freighter gateways. atlas air’s flynn on track for a new career former atlas air president and ceo william j flynn has been appointed as us passenger train operator amtrak’s next chief executive officer and president. swiss worldcargo extends china suspensions in light of the current coronavirus situation, swiss and swiss worldcargo have made further adjustments on flights between zurich and beijing, shanghai and hong kong. fraport announces cost-reduction measures in response to coronavirus frankfurt airport operator fraport has announced new cost-reduction measures in response to the impact of the coronavirus. silkway keeps flying the current corona epidemic is having a significant impact on the air cargo industry. the aviation industry has taken the hit of coronavirus “airlines, aviation financing and plane makers – inherently vulnerable to the economic side-effects of a potential pandemic – faced challenges as the year began, ensuring they are now at growing risk of severe coronavirus-related disruption,” says scope, specialist financial analysts. covid-19: the disruption continues for supply chains richard wilding obe, professor of supply chain strategy at the uk’s cranfield university, comments on the latest challenges covid-19 presents the supply chain. he points out that consumer demand for face masks is impacting on wider industry needs. cargolux and atlas air predict a subdued airfreight market in 2020 the cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world. finnair cancels mainland china flights until the end of winter finnair will cancel its flights to beijing capital airport and to shanghai during march 1-28, 2020 (until the end of the winter season), as the coronavirus situation has led to a temporary decline in air travel between china and europe. airbridgecargo offers charter flights to meet coronavirus-related demand the volga-dnepr group has been operating as many as five “sterilised” charter flights into china each day to cater for coronavirus related demand. valentines boost for latam cargo more than 210 latam cargo boeing 767-300 freighters took off from colombia and ecuador, carrying 12,600 tons of flowers for the 2020 valentine’s day season maersk line partnering with portrix maersk line is partnering with portrix logistic software gmbh (pls) to integrate spot pricing into pls’ market leading global price management (gpm) software solution. latam cargo announces new us routes latam cargo has announced it will begin service on two new routes dedicated exclusively to cargo originating in the united states, thus increasing capacity from north america to central and south america.