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Chartering Terms

Chartering Terms

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Published by: PARALELO10 on Jul 22, 2012
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Chartering Terms
By Kevin Stephenswww.ppg.com.au
 
A
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ABBREVIATION MEANING
AA
Always Aoat
AAAA
Always Accessible Always Aoat
AAOSA
Always Aoat or Sae Aground. Condition or a vessel whilst in port
AARA
Amsterdam-Antwerp-Rotterdam Area
ABAFT
Toward the rear (stern) o the ship. Behind.
ABOARD
On or within the ship
ABOVE DECK
On the deck (not over it – see ALOFT)
ABSORPTION
Acceptance by the carrier o a portion o a joint rate or charge which is less thanthe amount which it would receive or the service in the absence o such jointrate or charge.
ABT
About
ACCEPTANCE OF GOODS
The process o receiving a consignment rom a consignor, usually againstthe issue o a receipt. As rom this moment and on this place the carrier’sresponsibility or the consignment begins.
ACKNOWLEDGEMENT OF RECEIPT
A notifcation relating to the receipt o e.g. goods, messages and documents.Active Inventory covers raw material, work in progress, fnished products that willbe used or sold within a given period without extra cost or loss. This term doesnot cover the so-called reserve inventory.
ACTUAL DEMAND
Customers’ orders and oten also the allocation o items, ingredients and/or rawmaterials to production or distribution.
ACTUAL VOYAGE NUMBER
A code or identifcation purposes o the voyage and vessel which actuallytransports the container/cargo.
ADCOM
Address Commission
ADDED VALUE
The value attributed to products, and services as the result o a particular process(e.g. production process, storage, transport).
ADDENDUM
Additional chartering terms at the end o a charter party.
ADVANCE ARRANGEMENT
An agreement between the shipper and the carrier, concerning contacts betweenthose parties prior to tendering the consignment.
ADVANCED AMOUNT
Cash or cash equivalents expressed in a monetary amount given to a driverto cover expenses during a trip.
ADVANCED CHARGE
A charge paid by a carrier to an agent or to another carrier, which the deliveringcarrier then collects rom the consignee. Such charges are usually or agents’orwarding ees and incidental expenses paid out o pocket or account o theshipment by an agent or other carrier (aircargo).
ADVANCED INTERLINE
An interline carrier that picks up cargo rom the shipper and deliversit to another carrier or shipment to the consignee.
ADVICE NOTE
A written piece o inormation e.g. about the status o the goods.
AFSPS
Arrival First Sea Pilot Station (Norway)
AFFREIGHTMENT
The hiring o a ship in whole or part.
AFT
At or towards the stern or rear o a ship.
AGENCY FEE
Fee payable by a shipowner or ship operator to a port agent.
AGENTS
Intelligent sotware that can be used in an exchange or auction to monitorprices and conditions on behal o buyer and supplier and in some cases toautomatically execute trades.
 
A
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ABBREVIATION MEANING
AGGREGATE INVENTORY
The inventory or any group o items or products, involving multiple stock-keepingunits. Synonym: Aggregate Stock.
AGROUND
Touching or ast to the bottom.
AGW
All Going Well
AHL
Australian Hold Ladders
AIDS TO NAVIGATION
Artifcial objects to supplement natural landmarks indicating sae and unsaewaters.
AIM
See Automatic Identifcation Manuacturers.
ALLOCATION
The process o assigning activities, costs or acilities e.g. space to a certainorganizational units.
ALLOTMENT
A share o the capacity o a means o transport assigned to a certain party, e.g. acarrier or an agent, or the purpose o the booking o cargo or a specifc voyage.
ALOFT
Above the deck o the ship
AMIDSHIPS
In or toward the centre o the ship
ANCHORAGE
A place suitable or anchorage in relation to the wind, seas and bottom.
ANTHAM
Antwerp-Hamburg Range
APPAREL
A vessel’s outft, such as rigging, anchor and lie boats. The term used indistribution/transport o clothing or a single piece o clothing, a garment.
APPLICABLE SERVICE PROVIDER
An online outsourcer or hosting service or applications, letting Net marketmakers rent instead o buying applications and services such as auctions,exchanges and catalog aggregation. Many application vendors are moving to ahosting model, but ASPs are oten application-agnostic, plugging a eature o oneapplication into a marketplace when appropriate and using another eature romanother vendor elsewhere.
APPROVED CONTINUOUSEXAMINATION PROGRAM (ACEP)
An agreement between the owners o the equipment and the responsiblegovernmental body to allow continuous examination o the equipment (e.g.containers).
APRON
See Platorm
APRYCLEE
A network o national inormation centres o inormation technologies.
APS
Arrival Pilot Station
ARAG
Amsterdam-Rotterdam--Antwerp-Gent Range
AREA OF REPAIR
Geographical area where a container is under repair.
ARBITRATION
Method o settling disputes which is usually binding on parties. A clause usuallyin a charter party.
AREA CODE
A code or the area where a container is situated.
AREA OFF HIRE LEASE
Geographical area where a leased container becomes o hire.
AREA OFF HIRE SUB-LEASE
Geographical area where a subleased container becomes o hire.
AREA ON HIRE LEASE
Geographical area where a leased container becomes on hire.
AREA ON HIRE SUB-LEASE
Geographical area where a subleased container becomes on hire.
ARRIVAL NOTICE
A notice sent by a carrier to a nominated notiy party advising o thearrival o a certain shipment.
ARTICLES DANGEREUX DE ROUTE (ADR)
An European agreement concerning the international carriageo dangerous goods by road.

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