Ad Valorem Freight
Freight calculated according to the value of the cargo.
Ad Valorem Mention
According to value of the goods declared by the Shipper prior the commencement of the carriage as stated in writing on the Bill of Lading.
A person authorised to do business for and in the name of another person or company.
Freight rate including all charges.
A group of companies cooperating. Supply chain alliances consist of trading partners that have complimentary goals and objectives and cooperate in areas of planning, forecasting and replenishment.
Archimedes of Syracuse
"Any object, wholly or partially immersed in a fluid, is buoyed by a force equal to the weight of the fluid displaced by the object". That's how shipping became an exact science!
A notice given by the delivering carrier to the consignee and the notify party (and the consignee if it is the same) indicating the shipment's arrival date at a specific location (normally the destination).
1) The transfer to another party of a right, interest or title to the goods. 2) The document evidencing such a transfer.
Authorised Economic Operator (AEO)
As per security amendments (art. 5A) of the European Community Customs Code, Member States can grant the AEO status to any economic operator meeting the following common criteria: customs compliance, appropriate record-keeping, financial solvency and, where relevant, appropriate security and safety standards. The status of authorised economic operator granted by one Member State is recognised by the other Member States. All CMA CGM offices/agencies in the EU are either AEO certified (85%) or in the course of being certified (15%).
Automated Manifest System (AMS)
US: An integral part of the efforts of the United States to clamp down on potential security threats. This freight tracking system is also applicable in the areas of air, rail and road cargo transport.
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