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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
Code for identification purposes of the voyage of a vessel.
Mode of freight or customs duties levied on cargo based on its value. Ad Valorem Duty
Same as Valued Bill of Lading.
Tax imposed on merchandise based on its value.
Value attributed to products, and services as the result of a particular process (e.g. production process, storage, transport).
Articles Dangereux de Route Articles Dangereux de Route
Down payment on account of final invoice amount.
Down payment in exchange for original shipping documents.
Same as Prepaid Freight.