CAM Terms Search Results


International Terms Search Results

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acronym: "Bill of Lading, On Board " "A negotiable bill of lading. There are two types: 1. A bill drawn to the order of a foreign consignee, enabling him to endorse the bill to a third party. 2. A bill of lading drawn to the order of the shipper and endorsed by him either ""in blank"" or to a named consignee. The purpose of the latter bill is to protect the shipper against the buyer's obtaining the merchandise before he has paid or accepted the relative draft. (See also Endorsement in Blank)"
acronym: "Forwarder, Freight Forwarder, Foreign Freight Forwarder " "An independent business that dispatches shipments for exporters for a fee. The firm may ship by land, air, or sea, or it may specialize. Usually it handles all the services connected with an export shipment, including preparation of documents, booking cargo space, warehousing, pier delivery, and export clearance. The firm may also handle banking and insurance services on behalf of a client. An intermediary between suppliers, buyers and carriers, who arrange pre-transportation, shipping and issue of documentation in accordance with instructions from their principals"
acronym: "Knot, Nautical " "The unit of speed equivalent to one nautical mile: 6,080.20 feet per hour or 1.85 kilometers per hour"
acronym: "Letter of Credit, Confirmed " "A letter of credit containing a guarantee on the part of both the issuing and advising banks of payment to the seller, provided the seller's documentation is in order and the terms of the letter of credit are met."
acronym: "Strikes, Riots and Civil Commotion's" "An insurance clause referring to loss or damage directly caused by strikers, locked-out workmen, persons' participation in labor disturbances, and riots of various kinds. The ordinary marine insurance policy does not cover this risk. Coverage against it can be added only by endorsement."
acronym: "Weight, Gross" "The weight of the goods including packing, wrappers, or containers, both internal and external. The total weight as shipped. "
acronym: "Weight, Net" The weight of the goods themselves without the inclusion of any wrapper.
acronym: "Weight, Tare" The weight of the packaging or container.
acronym: All-Risk Insurance "The broadest form of coverage available, providing protection against all risk of physical loss or damage from any external cause. Does not cover loss or damage due to delay, inherent vice, inadequate packaging, or loss of market."
acronym: Alongside vessel "delivery of cargo on the wharf, berth or lighter under the ship?s tackle, for direct loading into the ship"
acronym: Average in marine insurance means: damage particular average: damage to the goods general average: expenses voluntarily incurred to save a ship and her cargo
acronym: Average adjusters firms specialized in the settlement of general average cases
acronym: Average contribution share of the general average expenses to be paid
acronym: Average deposit "amount to be paid, as notified by average adjusters, pending the final liquidation of a general average"
acronym: Berth "at a quay or wharf, location where a ship is moored to unload/load cargo"
acronym: Bonded Warehouse A warehouse authorized by customs for storage of goods on which payment of duties is deferred until the goods are removed. A warehouse under customs control where cargo in transit is kept or where cargo is kept pending customs clearance
acronym: Break-bulk Vessel A vessel designed to handle large or oversized cargo; generally cargo unsuitable for container stowage.
acronym: Bulk Cargo Loose cargo that is loaded directly into a ship's hold.
acronym: Bulk Carrier "There are two types of bulk carriers, the dry-bulk carrier and the liquid-bulk carrier, better known as a tanker. Bulk cargo is a shipment such as oil, grain, or one which is not packaged, bundled, bottled, or otherwise packed and is loaded without counting or marking."
acronym: Cargo Insurance Insurance to protect the financial interest of the owner of the cargo in the event of a loss during transportation
acronym: Carnet A customs document permitting the holder to carry or send merchandise temporarily into certain foreign countries without paying duties or posting bonds. All of the goods traveling under a Carnet must be returned to the origin country to avoid penalties.
acronym: Carriage forward "also, carriage collect, means freight payable at destination"
acronym: Carrier "Any person who, through a contract of carriage, undertakes to perform or procure the performance of carriage by rail, road, sea, air, inland waterway, or by a combination of modes."
acronym: Certificate of insurance "document issued by insurers confirming that a particular consignment is held covered by their company, and giving the name of their agent to contact at destination"
acronym: Certificate of Manufacture A document used under a letter of credit containing an affidavit that goods have been manufactured and are being held for the account and risk of the buyer.

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