Ocean shipping

Ocean shipping

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

Industry: Maritime; Transportation

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Ocean shipping

act of god

Transportation; Ocean shipping

An act beyond human control, such as lightning, flood or earthquake.

acquittance

Transportation; Ocean shipping

A written receipt in full, in discharge from all claims.

accessorial charges

Transportation; Ocean shipping

Charges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency, destination/delivery.

acquiescence

Transportation; Ocean shipping

When a bill of lading is accepted or signed by a shipper or shipper’s agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent.

acceptance

Transportation; Ocean shipping

A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity. – Broadly speaking, any agreement to purchase goods under specified ...