Cargo vessel meaning free#

The owners of a ship are entitled to payment as freight for merchandise returned through the fault of either the consignees or the consignors. Part or all of the return portion of a route over which a trailer or container has traveled (2) A deviation to move cargo on the return leg of a voyage for the purpose of minimizing ballast mileage and thereby reducing transportation costs.

Customs Service data center by carrier, port authority, or service center computers.īarrels per day (measure of petroleum production) The electronic system allowing a manifest inventory to be transmitted to the U.S. Customs Service, encompassing a variety of industry sectors, that permits on-line access to information in selected areas.

Cargo vessel meaning free#

In marine insurance this phrase applies to a ship which is free from its moorings and ready to sail. If a vessel moves backwards it is said to move astern opposite to ahead. Sometimes called ship’s articles, shipping articles.Ī backward direction in the line of a vessel’s fore and aft line behind. The document containing all particulars relating to the terms of agreement between the Master of the vessel and the crew. It states that any controversy or claim will be settled by arbitration in accordance with the rules of the American Arbitration Association.

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.Ī standard clause to be included in the contracts of exporters and importers, as suggested by the American Arbitration Association. Generally speaking the word amidships means in the middle portion of a vessel. Seismic ship: Conducts seismic surveys to map geological structures beneath the seabed. Moves anchors and tow drilling vessels, lighters and similar.Ĭombined supply and anchor-handling ship. The confirmed or official dimensions of a ship.Ī court having jurisdiction over maritime questions pertaining to ocean transport, including contracts, charters, collisions, and cargo damages.Ī 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.Īn agreement by a steamship line 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. AFTIn, near, or toward the stern of the vessel.Īn agreement whereby the steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that agent. (2) A freight rate set at a certain percentage of the value of an article is known as an ad valorem rate.

A percentage of that value is charged, for example, 5% 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.

South Africa Air Freight ConsolidationsĪ system available to brokers with the computer capabilities and customs certification to transmit and exchange customs entries and other information, facilitating the prompt release of imported cargo.Īmerican Bureau of Shipping: A U.S.-based private classification, or standards setting society for merchant ships and other marine systems.