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Ocean shipping

Relating to the transportation of goods across an ocean or sea.

Contributors 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 ...

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