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Shipping Glossary
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Shipping Glossary
ADFADMINISTRATION FEE |
Admiralty (Adm.)Refers to marine matters such as Admiralty Court |
ADNRAccord Europeen Relatif au Transport International des Marchandises Dangereuses par Navigation du Rhine: a European contract pertaining to the transport of dangerous goods on the river Rhine |
ADRAccord Europeen Relatif au Transport International des Marchandises Dangereuses par Route: a European contract pertaining to the transport of dangerous goods by road |
ADSAbbr. for German General Marine Insurance Terms |
AdvanceTo move cargo up-line to a vessel leaving sooner than the one booked. (see “Roll”) |
Advance CallBookkeeping term: prepayment, e.g. advance payment by the shipowner to the P/I club for the insurance year (due by 20th Feb. 12.00 hours) |
Advance Commission1. Fee of the forwarding agent for procuring and advancing charges (freights, customs and the like) and the effort connected therewith. 2. Commission given to agent by the shipping company in the event of having paid large sums in expenses |
Advance FreightGenerally speaking in contracts of carriage the freight is payable on delivery to the consignee at the port of destination. In tramp shipping, however, a contractual agreement is usually reached that a third of the entire freight is payable as advance payment minus 3% for insurance and interest at the time loading into the ship begins. In the case of liner shipping |
Advanced ChargeTransportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee |
