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Shipping Glossary
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Shipping Glossary
ABIAutomated Broker Interface, US Custom’s computer system by which brokers file importers’ entries electronically |
AboardReferring to cargo being put, or laden, onto a means of conveyance |
ABSAmerican Bureau of Shipping |
AbsorptionOne carrier assumes the charges of another without any increase in charges to the shipper |
AcceptanceA time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity |
Acceptance of GoodsThe acceptance of goods by the carrier. The transportation risk passes on to the carrier at the moment of acceptance |
Accessment of Customs DutiesAssessment of duty payable and notification to the person liable for payment of customs duties. The assessment of customs duties is a notice of assessment which can be made in writing or orally |
Accessorial chargesCharges that are applied to the base tariff rate or base contract rate (e.g. bunkers, container, currency, destination/delivery) |
Account Party/AccounteeThe purchasing party, the importer, the buyer in any transaction |
ACDADD COMM BROKERAGE SUBLETS DR |
