Amount recovered from a third party responsible for a loss on which a claim has been paid.
Letter of Credit that allows the exporter to receive a percentage of the face value of the Letter of Credit in advance of shipment. This enables the exporter to purchase inventory and any other costs associated with producing and preparing the export order.
Return of a charter vessel to the owners.
Cargo requiring temperature control.
Thermal container with refrigerating appliances (mechanical compressor unit, absorption unit, etc.) to control the temperature of cargo.
Repayment to the purchaser of the total charge or a portion of that charge for unused carriage.
1. The unit of measurement for the capacity of a vessel whereby one register ton equals 100 cubic feet (2.83 cubic meters). 2. The gross (brutto) tonnage comprises all spaces below the main (tonnage) deck and the enclosed spaces above the main (tonnage) deck less exempted spaces. 3. The net tonnage consists of the gross tonnage less exemptions like ballast tanks, engine room, living quarters, etc. Register tonnage is mentioned on the tonnage certificate.
Process of splitting up shipments into various consignments (degroupage) and combining these small consignments into other shipments (groupage). Degroupage
Non-acceptance of e.g. cargo.
Type of affreightment where no specific value has been declared for carriage (No Value Declared).