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Document
that lists in detail all the bills of lading
issued by a vessel or its agent or master, i.e.,
a detailed summary of the total cargo of a
vessel. Used principally for customs
purposes. It is also called summary of Bills of
lading. |
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Broadly,
insurance covering loss or damage of goods at
sea. Marine insurance typically compensates the
owner of merchandise for losses sustained from
fire, shipwreck, piracy and various other causes
but excludes losses that can be legally
recovered. |
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Business
pertaining to commerce or navigation transacted
upon the sea or in seaports in such matters as
the court of admiralty has jurisdiction over. |
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Marks
& Numbers placed on packages for export for
identification purposes; generally a triangle,
square, circle, diamond, or cross with letters
and/or numbers and port discharge. |
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Master
lease is one form of a short-term lease, which
refers to the leasing of the container from
those leasing companies who have master lease
agreement with OOCLL. At present, Triton, ICS,
Xtra, Cronons and Genstar has such a contract
with OOCLL. |
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Master
Lease Leasing Cost
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Master
lease leasing cost includes container rental,
depot lieft on/lift off charge, on/off hire
drayage, Drop off charge and Offhire repair
cost. Due to off-hire quota limitation, the
average on-hire period is around 73 days for 20'
gp/40'gp and 102 days for 40'hq. On average
basis, the leasing cost is US$500/20'gp,
US$700/40'gp and US$800/40'hq.
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A
receipt signed by a mate of the vessel,
acknowledging receipt of cargo by the vessel.
The individual in possession of the mate's
receipt is entitled to the bill of lading, which
in due course is issued in exchange for that
receipt.
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Maximum
cargo that can be loaded into a container either
by weight or volume.
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The
highest freight rate permitted by a regulatory
body to apply between points. |
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1
cubic meter. One of the alternative bases of
Freight Tariff. |
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A
landbridge movement in which cargo
originating/destined to an inland point is
railed or trucked to/from the water port for a
shipment to/from a foreign country. The carrier
is responsible for cargo and costs from origin
to destination. Also known as I.P.I. and Through
Service. |
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An
intermodal system for transporting containers
from/to a foreign country by water to/from a
U.S. ocean port other than the arrival port by
rail at through rates and documents. |
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Cargo
moving from/to an inland destination on one bill
of lading from/to a foreign port through two
U.S. ports.
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The
lowest charge that can be assessed to transport
a shipment.
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(a)
Metric Ton or Cubic meter. (b) Empty
container. (c) Multimodal Transport.
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Original
bill of lading endorsed by shipper that is used
for negotiating with banks. |
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A
bank named in the credit; examines the documents
and certifies to the issuing bank that the terms
are complied with. |
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A
vessel's gross tonnage minus deductions of space
occupied by accommodation for crew, by
machinery, for navigation, by the engine room
and fuel. A vessel's net tonnage expresses the
space available for passengers and cargo. |
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Weight
of the goods alone without any immediate
wrappings, e.g., the weight of the contents of a
tin can without the weight of the can.
Also called actual net weight. |
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Copy
of original bill of lading which cannot be
negotiated with the bank. |
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Non-vessel
Owning / Operating Common Carrier (N.V.O.C.C.)
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(a)
A cargo consolidator of small shipments in ocean
trade, generally soliciting business and
arranging for or performing containerization
functions at the port.
(b) A carrier issuing Bs/L for carriage of goods
on vessel which he neither owns nor operates.
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Overland
Common Point rates which are generally lower
than local tariff rates, were established by the
U.S. West Coast steamship companies in
conjunction with railroads serving the western
U.S. so that cargo originating or destined to
the American Midwest and East would be
competitive with all-water rates via the U.S.
Atlantic and Gulf ports. O.C.P. rates are also
applicable to eastern Canada.
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Ocean
Bill of Lading (Ocean B/L)
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Document
indicating that the exporter will consign a
shipment to an international carrier for
transportation to a specified foreign market.
Unlike an inland B/L, the ocean B/L also serves
as a collection document. if it is a Straight
B/L the foreign buyer can obtain the shipment
from the carrier by simply showing proof of
identity. If a negotiable B/L is used, the buyer
must first pay for the goods, post a bond or
meet other conditions agreeable to the seller.
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The
all water transportation portion of a route. |
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Cargo
has been loaded on board a combined transport
mode of conveyance. Used to satisfy the
requirements of a letter of credit, in the
absence of an express requirement to the
contrary. |
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A
B/L in which a carrier acknowledges that goods
have been placed on board a certain vessel. |
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A
special stowage instruction to confine that the
cargo stowage must be on deck rather than under
deck. |
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Lease that
covers the outbound voyage only, after which the
container is returned to the lease holder at or
near destination. |
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A
container fitted with a solid removable roof or
with a tarpaulin roof that can be loaded or
unloaded from the top.
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Outward
bound. Direction of vessel or cargo going out
from port of loading or point/place of receipt.
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Cargo
stowed in an open-top container; projects above
the uppermost level of the roof struts.
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Port
of Discharge where cargo is discharged from
vessel. When transshipment is needed, there can
be a number of PODs during the course of
shipment until it reaches the final POD.
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Port
of Loading where loading to vessel takes place.
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Point
or Place of Receipt. Starting point of
carrier’s liability where cargo is received
from shipper and under carrier’s custody for
transportation to final destination.
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A
platform (usually two-deck), with or without
sides, on which a number of packages or pieces
may be loaded to facilitate handling by a lift
truck.
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Participating
Carrier (Tariff)
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A
transportation line that is a party, under
concurrence, to a tariff issued by another
transportation line or by a tariff's publishing
agent.
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A
charge made by one transportation line against
another for the use of its equipment. The charge
is based on a fixed rate per day.
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Cargo
subject to decay or deterioration.
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The
structure to which a vessel is secured for the
purpose of loading and unloading cargo.
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A
person whose office or occupation is to steer
ships, particularly along a coast or into and
out of a harbor.
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Location
where cargo enters the care and custody of the
carrier.
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(a)
Harbor with piers or docks; (b) Left side of a
ship when facing the bow; (c) Opening in a
ship's side for handling freight.
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Location
where imported merchandise is off loaded from
the importing aircraft or vessel.
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