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      Up. 24/03/2004
      Up. 15/04/2004
News-Shipping guide
Shipping Terms
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SHIPPING TERMS
Act of God

Accidents of a nature beyond human control such as flood, lightning or hurricane usually quoted as 'force majeure'.

Ad Valorem

In proportion to the value: A phrase applied to certain freight or customs duties levied on goods, property, etc. set as a percentage of their value.

Advice Note

A written piece of information e.g. about the status of the goods.

Agency Fee

Fee payable by a shipowner or ship operator to a port agent.

Agent

 A person or organisation authorised to act for or on behalf of another person or organisation An Agent is a corporate body with, which there is an agreement to perform particular functions on behalf of them at an agreed payment. An Agent is either a part of the organisation or an independent body

Air Waybill

Abbreviation: AWB A document made out by or on behalf of the carrier(s) confirming receipt of the goods by the carrier and evidencing the contract between the shipper and the carrier(s) for the carriage of goods as described therein.

 
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