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Glossary: A to B

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From 'AANZFTA' to 'bulk carrier' and more, explore Champion Freight's A to B of shipping and freight terms. Please contact us if you require further information and assistance.





AANZFTA


ASEAN-Australia-New Zealand Free Trade Area.


ABS


American Bureau of Shipping. US based classification society for merchant ships and marine systems.


Addendum


Please refer Amendment.


Act Of God


A natural event beyond human control which may result in the damage of property or loss of life, such as flooding, earthquake, lightning, etc.


Ad Valoren


Meaning ‘according to value’, it is the chargeable tax based on the value of goods or property.


Agent


Short for Freight Agent, it is a person, company or business that acts for or represents another with authority to direct the transport of goods and submit associated paperwork.


ATF


Approved Transitional Facilities - Containment areas or warehouses approved by New Zealand MPI to hold and manage imported goods that are considered a biosecurity risk or hazard, such as plant materials, used machinery, sea containers, etc.


Agency Fee


Sometimes referred to as an Attendance Fee, the Agency Fee represents freight related charges while the ship is at port.


Aggregated Coal


Varieties of coal blended together.


AIMS


American Institute of Merchant Shipping.


Amendment


An amendment or addendum is an additional requirement or modification made to a document (such as a Booking Confirmation) following publication or printing.


ANF


Arrival Notification Form abbreviation, advising consignees of goods that are due to arrive soon.


ASABOSA


Association of Ships’ Agents & Brokers.


ASL


Association of Shipping Lines.


ATA Carnet


International customs documentation granting temporary importation of goods without payment of otherwise applicable duties and taxes.


Athens Convention


An international convention governing the carriage of passengers and their luggage by sea including liability.


Attendance Fee


Please refer Agency Fee.


B/D


A measurement of petroleum output, B/D or BPD refers to the number of barrels produced per day (barrels per day).


B/L


Abbreviation for Bill Of Lading. Please refer Bill Of Lading.


BAF


Bunker Adjustment Factor. Floating sea freight charges accounting for oil price fluctuations.


Bagged Cargo


Also called a breakbulk, bagged cargo refers to various commodities that are commonly packed in sacks or bags, such as grain, sugar, cement, etc.


Barcode


A series of bars and spaced which represent data relating to an object, product or freight consignment.


Bareboat Charter


A hired or chartered vessel agreement which excludes running expenses (ie crew and provisions).


Barge


A flat-bottom boat commonly used to transport cargo and goods across rivers, canals or other protected waterways.


Beam


Also referred to as breadth, the beam is the width of a vessel at its widest point.


Berth


Allotted wharf docking area for a vessel.



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