Able Bodied Seaman
A member of the deck crew who is able to perform all the duties of an experienced seamen; certificated by examination and has three years sea service. Also called Able Seamen and A.B.
American Bureau of Shipping: A U.S.-based private classification, or standards setting society for merchant ships and other marine systems.
According to Value (English); for example, if a bill of lading shows a value for the cargo being carried, an Ad Valorem charge will be levied. This charge is required because the insurance liability of the carrier increases. This charge may be a levied as a percentage of the value that has been shown.
Bank where a shipper negotiates documents or where documents are first presented, usually at country of origin. Also, often referred to as the negotiating bank.
A fee charged to the ship by the ship's agent, representing payment for services while the ship was in port. Sometimes referred to as the attendance fee.
Abbreviation for 'Freight Agent'. A person, association or corporation authorised to publish and file rates and provisions for a carrier's account in tariffs published in the agent's name. One that acts for, or in the place of, another by authority from him, e.g. a (business) representative, emissary, or official of a government.
Numerous shipments from different shippers delivered to one consignee, that are consolidated and treated as a single consignment.
Air Freight Forwarder
A non-asset based firm that negotiates low shipping rates with airlines, then takes orders at a higher rate in order to make a profit using the airline's assets to move the product.
When a shipment is transported from its origin to its destination solely by water transportation.
Anchor Handling Tug
Tug that moves anchors and tow drilling vessels, lighters and similar. Also ANCHOR HANDLING TUG/SUPPLY used also for supplies
Documentation that notifies the consignee of arrival information for the goods and the freight charges due to be paid in exchange for the goods.
Articles Of Agreement
The document containing all particulars relating to the terms of agreement between the Master of the vessel and the crew. Also known as ship's or shipping articles.
(1) The transfer to another of one's own legal interests or rights, especially the transfer of property to be held in trust or to be used for the benefit of creditors. (2) The document by which such an interest or right is transferred.