A written receipt in full, in discharge from all claims.
U.S. Customs' master computer system, "Automated Commercial Systems."
Act of God
An act beyond human control, such as lightning, flood or earthquake.
A term from Latin meaning, "according to value."
Administrative Law Judge
A representative of a government commission or agency vested with power to administer oaths, examine witnesses, take testimony, and conduct hearings of cases submitted to, or initiated by, that agency. Also called Hearing Examiner.
Refers to marine matters such as an Admiralty Court.
To move cargo up line to a vessel leaving sooner than the one booked. (See "Roll.")
Transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee.
Shipment of goods on shipper's own account. A bill of adventure is a document signed by the master of the ship that carries goods at owner' risk.
Advice of Shipment
A notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the bill of lading.
A bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank.
Affreightment, Contract of
An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer.
Movement toward the stern (back end) of a ship.