A |
ABS / American Bureau of Shipping |
A U.S.-based private classification, or standards setting society
for merchant ships and other marine
systems. |
Act of God |
An act beyond human control, such as lightning, flood, hurricane
or flood. |
Act of Man |
In water transportation, the deliberate sacrifice of cargo to
make the vessel safe for the
remaining cargo. |
Ad Valorem |
Latin for "according to the value." (1) An ad valorem duty is an
import duty based on the value of an
article as defined in the customs
law of a particular country, rather
than on weight or volume. A
percentage of that value is charged,
for example, 5% ad valorem. (2) A
freight rate set at a certain
percentage of the value of an
article is known as an ad valorem
rate |
Admeasurement |
The confirmed or official dimensions of a ship. |
Admiralty Court |
A court having jurisdiction over maritime questions pertaining to
ocean transport, including
contracts, charters, collisions, and
cargo damages. |
Admiralty (Adm.) |
Refers to marine matters such as Admiralty Court. |
Advising Bank |
A bank operating in the exporter's country that handles letters
of credit for a foreign bank by
notifying the exporter that the
credit has been opened in his favor. |
Affreightment, Contract of |
An agreement by a ocean carrier to provide cargo space on a
vessel at a specified time and for a
specified price to accommodate an
exporter or importer who then
becomes liable for payment even
though he is later unable to make
the shipment. |
Agency Agreement |
An agreement whereby the ocean carrier appoints the carrier agent
and defines the specific duties and
areas of responsibility of that
agent. |
Alongside |
A phrase describing the side of a vessel. |
AMS |
The U.S. Customs’ “Automated Manifest System” |
Amidships |
Generally speaking, the middle portion of a vessel. |
Anti-Trust Exemption |
The immunity from prosecution under the Sherman Act, granted to
steamship companies in 1916, in
recognition of the special services
and value American Flag merchant
vessels provide in the defense of
the country in time of war.
|
Arbitration Clause |
A standard clause to be included in the contracts of exporters
and importers, as suggested by the
American Arbitration Association. It
states that any controversy or claim
will be settled by arbitration in
accordance with the rules of the
American Arbitration Association.
|
Articles of Agreement |
The document containing all particulars relating to the terms of
agreement between the Master of the
vessel and the crew. Sometimes
called ship's articles, shipping
articles. |
ASBA |
American Shipbrokers Association |
Astern |
A backward direction in the line of a vessel's fore and aft line;
behind. If a vessel moves backwards
it is said to move astern; opposite
to ahead. |
At Sea |
In marine insurance this phrase applies to a ship that is free
from its moorings and ready to sail.
|
Automated Commercial System (ACS) |
The electronic system of the U.S. Customs Service, encompassing a
variety of industry sectors, that
permits on-line access to
information in selected areas.
|
Automated Manifest System (AMS) |
The electronic system allowing a manifest inventory to be
transmitted to the U.S. Customs
Service data center by carrier, port
authority, or service center
computers. |
AutoPort |
Reference to the Port of Brunswick’s Colonel’s Island Terminal
AutoPort Facility. Brunswick ranks
as one of the fastest growing,
environmentally clean RoRo
facilities in North America.
|