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Shipping Glossary
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Shipping Glossary
JettisonAct of throwing cargo or equipment (jetsam) overboard when a ship is in danger |
JettyLanding stage extending into the sea |
JFSAJapan Foreign Steamship Association: Association of foreign shipowners in Japan (Hapag-Lloyd AG, Maersk, APL, OCL and some others) |
JKAGFCJapan Korea Atlantic and Gulf Freight Conference |
JMBJUMBO CONTAINER CHARGE |
JMSJAPAN HARBOUR MANAGEMENT CHARGE |
Joint MarketingAgreement of a group of shipping companies on the joint marketing of a liner service. One shipping company is entrusted with marketing in a region for the entire group |
Joint OwnershipSpecial company type under maritime trade law. Association of several persons in order to finance a ship. Shares in the ship are issued corresponding to the assets provided by each person. The joint owners must bear the costs in accordance with the share they hold and participate in the profit and loss of the association. Their personal liability extends to all their assets; they are entitled to the management. As a rule they agree that one owner acting as an agent is entrusted with the management |
Joint RateA rate applicable from a point on one transportation line to a point on another line, made by agreement and published in a single tariff by all transportation lines over which the rate applies |
Joint VentureCombination of one or more companies which mostly carry out business under one company name and pursue a mutual objective |
