Weve explained a few of the more common ones, but get in touch if there are any we dont have listed. A small misunderstanding with the shipping terms could lead to disputes over who was meant to pay for the overseas freight, insurance or other costs involved in the shipment of goods. Army corps of engineers wetland delineation manual as the sum total of macrophytic plant life that occurs in areas where the frequency and duration of inundation or soil saturation produce permanently or periodically saturated soils of sufficient duration to exert a controlling influence on the plant species present. Disclaimer this information is disseminated under the sponsorship of the u. An application that expedites the clearance of cargo for the subsequent release of containers. Acquisition definition what does acquisition mean ig uk. An ecosystem of more or less continuously waterlogged soil dominated by emersed herbaceous plants but without a surface accumulation of peat. Port charge relating to a vessel moored at approved anchorage site in a harbor. What should be the terms and conditions for merger and. A freight forwarder frequently consolidates shipments from several shippers and coordinates booking reservations.
Shipping has many hundreds of terms and phrases whose meaning is not always obvious, even for experienced practitioners. The merging and continuing credit union boards of directors develop and agree to the merger agreement terms and conditions. Shipping glossary shipping and freight forwarding terms and acronyms can be a real minefield. Electronic communication of pdf based gatepass and ooc copy of bill of entry to custom. Use our easy to understand shipping terms definitions in our glossary. The terms and conditions of the contract may well be different to the terms and conditions contained on the shipping companys bl, which can in extraordinary circumstances lead to legal complications should a dispute arise.
It serves as a document of title, a contract of carriage and a receipt for goods. Key mergers and acquisitions terms that you should know. Incoterms glossary exw ex works exw ex works means that the sellers only responsibility is to make the goods available at his premises that is, works or factory. Here we help you understand the sea freight meaning for expressions such as fca incoterms, cfr incoterms, dap incoterms etc. For this reason, the term merger of equals is sometimes used. Merge definition is to cause to combine, unite, or coalesce. What are the most common freight shipping terms and. Glossary of terms customs broker a person or firm, licensed to engage in entering and clearing goods through customs andor the government office customhouse where duties andor tolls are placed on imports or exports. Over 18000 financial and investing definitions, with links between related terms. Fulltruckload, also known as truckload tl, typically signifies that there is enough freight to fill a trailer.
They can also access all the presentations, playbooks, books, articles, checklists, software, assessments, webinars, research, tools, and templates on. These and other sea freight terms are explained in our guide. When both companies agree to the terms of the acquisition, it is referred to as a friendly. In particular, he is not responsible for loading the goods in a vehicle apply only at the point of origin, and the seller agrees to place the goods at the disposal of the.
Air brake the air brake system on tractors is operated by air and consists of air lines, valves, tanks, and an air compressor. A system available to brokers with the computer capabilities and customs certification to transmit and exchange customs entries and other. Export import shipping glossary of international trade. Affiliate a company that controls, or is controlled by another company, or is one of two or more commonly controlled companies. If your importing cargo via seafreight you will need to know your incoterms. This is a very flexible description, a rule of thumb is to.
Lessthancontainerload indicates that multiple shipments are combined into one container. Merger is the fusion of two or more companies or merger is a combination of two or more companies into a single company where, it survives and others lose their corporate identity. Accessorial charges also called assessorials any additional services required outside of the standard shipping procedure require additional fees from the carrier called accessorials. This comprehensive dictionary contains concise definitions of maritime terms and phrases, including those used in liner, tramp and bulk shipping. Mergers come into play in the world of business for two very different reasons. Bl requiring updates that do not change financial status. A hostile takeover is the term for when a company is bought by another without its consent, usually when the buying company purchases a majority amount of its shares to get a controlling stake. Freight forwarder a person whose business is to act as an agent on behalf of a shipper. Merger clause law and legal definition a merger clause is a provision in a contract that declares it to be the complete and final agreement between the parties.
Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. This sixth edition contains new terms and phrases which cover. Department of transportation in the interest of information exchange. Shipping terms and definitions subject learn more about common shipping terms and acronyms, including definitions and service descriptions for frequently used transportation and logistics language. Glossary of export import shipping terms international trade terms like export terms and import terms or exim terms. The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. A marsh differs from a swamp in that it is dominated by rushes, reeds, cattails, and sedges, with few if any woody plants, and differs from a bog in having soil rather than peat as its base. Lessthantruckload is a shipment of freight in a quantity that typically does not. Fob shipping terms freight terms customer takes title of goods customer responsibilities vendor responsibilities fob point of origin, freight collect at point of origin or factory pays freight bears freight owns goods in transit must file claims for loss, damage or overcharges fob point of origin, freight prepaid and allowed at point of origin. The first is when youve decided it makes sense to join forces with another company to reap the rewards that come. This is the assembly of pieces of cargo, secured into one manageable unit.
The merger agreement terms and conditions are signed and submitted to the administrator, kansas department of credit unions for preliminary approval. Merger the joining of two or more shipowning companies. Oct 18, 2018 for a more in depth look into the most common freight shipping terms and definitions, check out our freight shipping terminology page. Shipping terms and definitions arcbest corporation. Msc is a world leader in global container shipping, dedicated to providing efficient transport solutions. A bill of lading issued by a freight forwarder acting as a carrier. The duties of a broker include preparing the entry blank and filing. Merger clause law and legal definition uslegal, inc. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications.
Search our shipping dictionary below for definitions to the most commonly used terms in the freight industry. Once an items has been added to the shopping cart the shipping and tax estimator box will appear. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Investorwords the most comprehensive investing glossary on the web. List of all most popular abbreviated shipping terms defined. A merger is the voluntary fusion of two companies on broadly equal terms into one new legal entity.
The survivor acquires the assets and liabilities of the rest. Access holes holes cut in ships structure to permit entering or leaving various compartments. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. In a merger or acquisition, the difference between the purchase price and the reacquisition value of the target firm or company. Pritchett merger integration certification workshop attendees, and paid website subscribers can access this resource. The firms that agree to merge are roughly equal in terms of size, customers, scale of operations, etc. Such a provision in a contract is treated as proof that no varied or additional conditions exist with respect to the performance of the contract except those that are in the writing. Merger definition is the absorption of an estate, a contract, or an interest in another, of a minor offense in a greater, or of a cause of action into a judgment. The term applied by australian customs to the computer. Provisions in a contract of sale governing the shipping costs, insurance, mode, packaging requirements, and transfer of liability.
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