11 Terms
Home > Industry/Domain > Maritime; Transportation > Ocean shipping
Ocean shipping
Relating to the transportation of goods across an ocean or sea.
Industry: Maritime; Transportation
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Ocean shipping
amidships
Maritime; Ocean shipping
Generally speaking the word amidships means in the middle portion of a vessel.
agency agreement
Maritime; Ocean shipping
An agreement whereby the steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that agent.
anchor-handling tug/supply (AHTS)
Maritime; Ocean shipping
Combined supply and anchor-handling ship. Seismic ship: conducts seismic surveys to map geological structures beneath the seabed.
contract of affreightment
Maritime; Ocean shipping
An 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 ...
advising bank
Maritime; Ocean shipping
A 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.
ad valorem
Maritime; Ocean shipping
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. A ...
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11 Terms
