Maritime Shipping Terminology Test Bank Solution Manual (Rated 100%)
5 views 0 purchase
Course
Maritime Shipping Terminology
Institution
Maritime Shipping Terminology
Maritime Shipping Terminology Test Bank Solution Manual (Rated 100%)
agent/agency - Answers an organisation working on behalf of a principle. Company whom represents/acts on behalf of another entity
arrival notice - Answers ANF/AN - advice that the carrier or forwarder sends to the consignee advi...
Maritime Shipping Terminology Test Bank Solution Manual (Rated 100%)
agent/agency - Answers an organisation working on behalf of a principle. Company whom
represents/acts on behalf of another entity
arrival notice - Answers ANF/AN - advice that the carrier or forwarder sends to the consignee advising of
goods coming forward for delivery
BAF - Answers Bunker Adjustment Factor - an adjustment to shipping companies' freight rates to take
into account fluctuations in the cost of fuel oil (bunkers) for their ships
bank guarantee - Answers document issued by a bank acting as a guarantor for their customer
B/B - Answers breakbulk
berth - Answers the place beside a pier, quay or wharf where a vessel can be loaded or unloaded
bill of lading - Answers B/L - document that establishes the terms between a shipper and a
transportation company
bonded - Answers the storage of import goods under charge of customs viz. Customs seal until the
import duties are paid or until the goods are re-exported
bonded carrier - Answers carrier licensed by customs to carry customs-controlled merchandise between
customs points
bonded warehouse - Answers warehouse autherized by customs for storage of goods on which payment
of duties is deferred until the goods are removed
booking - Answers arrangement with a steamship company for the acceptance and cartage of freight
booking number - Answers reference number for booking registered with a carrier
box - Answers shipping container
box rate - Answers lump sum charge to move in containers from origin to destination
CAF - Answers currency adjustment factor
carrier - Answers referring to shipping line, freight forwarder or NVOCC
carrier haulage - Answers inland transportation service
CBM (CM) - Answers cubic metre
cell position - Answers position of each container on a vessel
combined transport B/L - Answers transport document providing for a combined transport by at least 2
different modes of transport
, commodity - Answers indication of the type of cargo
congestion - Answers accumulation of vessels at a port resulting in waiting time for arriving vessels to
load or discharge for a vacant berth
consignee - Answers party shown on the B/L or air waybill to whom the shipment is consigned
cross-docking - Answers process of moving merchandise directly from the receiving dock to the shipping
dock eliminating needs to place the merchandise in storage
customs - Answers government agency charged with enforcing the rules and regulations passed to
protect the country's import and export revenues
customs bonded warehouse - Answers public or private owned warehouse where dutiable goods are
stored pending payment of duty or removal under bond
customs duties and taxes - Answers documents, duties or taxes that you may be required to produce
and or pay vary depending on your status for entering the country
customs clearance agent - Answers person who facilitates the paperwork for normal customs clearance
of your shipment
CY - Answers container yard - place or depot where individual containers are held prior to loading on
board a ship and after unloading from the ship
dangerous goods - Answers cargo of a hazardous nature as classified under IMO regulations
dangerous goods declaration - Answers document issued by shipper in accordance with applicable
conventions or regulations, describing hazardous goods or materials for transport purpose
D/D - Answers door/door
delivery note - Answers document evidencing the delivery of a shipment to a cosignee
delivery order - Answers document authorizing delivery to a nominated party of cargoes in the care of a
third party
demurrage - Answers port levied charges - additional charge imposed for exceeding the free time
included in the freight rate while in the port
detention - Answers carrier levied charges - charges raised by carrier or forwarder for detaining
container/trailer at customer premises for a period longer than that provided in the tariff of carrier or
forwarder
devanning - Answers removal of cargo from container
discharge - Answers unloading of a vessel or vehicle
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorJosh. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.19. You're not tied to anything after your purchase.
