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Ocean shipping
Relating to the transportation of goods across an ocean or sea.
Industry: Maritime; Transportation
Add a new termContributors in Ocean shipping
Ocean shipping
agent (AGT)
Transportation; Ocean shipping
A person authorized to transact business for and in the name of another person or company.
aggregate shipment
Transportation; Ocean shipping
Numerous shipments from different shippers to one consignee that are consolidated and treated as a single consignment.
agency tariff
Transportation; Ocean shipping
A tariff published by an agent on behalf of several carriers.
contract of affreightment
Transportation; Ocean shipping
An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer.
advising bank
Transportation; Ocean shipping
A bank operating in the seller’s country that handles letters of credit on behalf of a foreign bank.
aframax tanker
Transportation; Ocean shipping
A vessel of 70,000 to 119,000 DWT capacity. The largest tanker size in the AFRA (average freight rate assessment) tanker rate system.
adventure
Transportation; Ocean shipping
Shipment of goods on shipper’s own account. A bill of adventure is a document signed by the master of the ship that carries goods at owner’s risk. Also, a term used in some insurance policies to mean ...