B C D E F G H I J K L M

O P Q R S T U V W X Y Z

American Bureau of Shipping

Accident arising from physical causes (lightning, earthquakes, hurricanes etc) and not of human generation.

Latin for "According to the value". When the shipper wishes to increase a carriers liability beyond the liability stated in the terms of the Bill of Lading, he states the actual value of the cargo. Freight based on value of the cargo, rather than on its weight or its cubic measurement.

Fee payable by a shipowner or ship operator to a port agent whose duties may include arranging a berth with the port authority, ordering pilots, tugs and labour, entering the ship in at Customs and collecting freight.

A company appointed to act as an intermediary on behalf of his principal.

New cars plus rolling cargoes like tractors, buses, high trailers, excavators etc. Defined together as vehicles.

Distribution, Assignment. To distribute and assign each party his/her share of the space on a vessel.

See and use the term Allocation. In WW the term "allocation" is used.