Logistic terms
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Actual Total Loss
This occurs when: 1. The insured property is completely destroyed; or 2. The insured is irretrievably deprived of the insured property; or 3. Cargo changes in character so that it is no longer the thing that was insured (e.g., cement becomes concrete) or 4. A ship is posted "missing" at Lloyd's, in which case both the ship and its cargo are deemed to be an actual total loss. Notice of Abandonment
This occurs when: 1. The insured property is completely destroyed; or 2. The insured is irretrievably deprived of the insured property; or 3. Cargo changes in character so that it is no longer the thing that was insured (e.g., cement becomes concrete) or 4. A ship is posted "missing" at Lloyd's, in which case both the ship and its cargo are deemed to be an actual total loss. Notice of Abandonment
Actual Voyage Number
Code for identification purposes of the voyage of a vessel.
Code for identification purposes of the voyage of a vessel.
Ad Valorem
Mode of freight or customs duties levied on cargo based on its value. Ad Valorem Duty
Mode of freight or customs duties levied on cargo based on its value. Ad Valorem Duty
Ad Valorem Bill of Lading
Same as Valued Bill of Lading.
Same as Valued Bill of Lading.
Ad Valorem Duty
Tax imposed on merchandise based on its value.
Tax imposed on merchandise based on its value.
Added Value
Value attributed to products, and services as the result of a particular process (e.g. production process, storage, transport).
Value attributed to products, and services as the result of a particular process (e.g. production process, storage, transport).
ADR
Articles Dangereux de Route Articles Dangereux de Route
Articles Dangereux de Route Articles Dangereux de Route
Advance
Down payment on account of final invoice amount.
Down payment on account of final invoice amount.
Advance against Documents
Down payment in exchange for original shipping documents.
Down payment in exchange for original shipping documents.
Advance Freight
Same as Prepaid Freight.
Same as Prepaid Freight.
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