- Industry: Government
- Number of terms: 13754
- Number of blossaries: 0
- Company Profile:
A Norwegian classification society which certifies seagoing vessels for compliance to standardised rules regarding construction and maintenance.
Industry:Transportation
Under letters of credit, one or more shipments are allowed by the phrase “partial shipments permitted.”
Industry:Transportation
Indicates the shipper will deliver the goods to the consignee.It does not convey title (non–negotiable).Most often used when the goods have been pre–paid.
Industry:Transportation
Applies to vessels, not to cargo, (0.2+0.02 log10V) where V is the volume in cubic metres of all enclosed spaces on the vessel. Since 1994, it replaces “Gross Registered Tonnage.” An approximate conversion ratio is 1NT = 1.7GT and 1GT = 1.5DWT.
Industry:Transportation
Polyethylene or similar substance heat–treated and shrunk into an envelope around several units, thereby securing them as a single pack for presentation or to secure units on a pallet.
Industry:Transportation
A penalty charge against shippers or consignees for delaying carrier’s equipment beyond allowed time. Demurrage applies to cargo; detention applies to equipment.See Per Diem.
Industry:Transportation
Port where cargo is discharged from means of transport.
Industry:Transportation
Entire weight of goods, packaging and freight car or container, ready for shipment. Generally, 80,000 pounds maximum container, cargo and tractor for highway transport.
Industry:Transportation
A lift truck fitted with lifting attachments operating to one side for handling containers.
Industry:Transportation
A party named in an instrument as the beneficiary of the funds. Under letters of credit, the payee is either the drawer of the draught or a bank.
Industry:Transportation
