Glossary

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GLOSSARY INDEX

Search Results for R of T
Search Results(21)
ABBREVIATION
DEFINITION
  • A/B 
    Able bodied seaman, a member of the crew who is able to perform all duties of an experienced seaman. 
  • Adventure 
    Shipment of goods on shipper’s own account. A bill of adventure is a document signed by the master of the ship that carries goods at owner’s risk. Also, a term used in some insurance policies to mean a voyage or a shipment. 
  • DAF (Delivered At Frontier) (...Named Place) 
    A Term of Sale which means the sell- ers fulfill their obligation to deliver when the goods have been made available, cleared for export, at the named point and placed at the frontier, but before the customs Terms of Sale border of the adjoining country. 
  • Dipropylene glycol 
    One member of the propylene glycols family, the most important of which is monopropylene glycol. Dipropylene glycol is used primarily as an industrial intermediate, but is also used as a substance in consumer products, and as an ingredient in pesticidal f
  • Diversion 
    A change made either in the route of a shipment in transit (see Reconsignment) or of the entire ship. 
  • EOOW 
    Engineer Officer of the Watch 
  • Ethylene 
    Also called ethene, ethylene is the simplest member of the olefinic hydrocarbon series and one of the most important raw materials of the organic chemical industry. It occurs in both petroleum and natural gas, but the bulk of the industrial material is pr
  • Glycol 
    Any of a class of organic compounds belonging to the alcohol family; in the molecule of a glycol, two hydroxyl (OH) groups are attached to different carbon atoms. The term is often applied to the simplest member of the class, ethylene glycol. See ethylene
  • Low–Boy 
    A trailer or semi–trailer with no sides and with the floor of the unit close to the ground. 
  • Mate’s Receipt 
    An archaic practice. An acknowledgement of cargo receipt signed by a mate of the vessel. The possessor of the mate’s receipt is entitled to the bill of lading, in exchange for that receipt. 
  • MICS 
    Member of The Institute of Chartered Shipbrokers, London 
  • OAAOOP 
    On arrival at or of the port 
  • OOW 
    Officer of the Watch 
  • Order–Notify (O/N) 
    A bill of lading term to provide surrender of the original bill of lading before freight is released; usually associated with a shipment covered under a letter of credit. 
  • Payee 
    A party named in an instrument as the beneficiary of the funds. Under letters of credit, the payee is either the drawer of the draft or a bank. 
  • Per Hatch Per Day 
    PER HATCH PER DAY shall mean that the Laytime is to be calculated by dividing the quantity of cargo by the result of multiplying the agreed daily rate per hatch by the number of the Vessel’s hatches. Thus:Laytime = Quantity of cargo / (Daily rate x Number
  • Per Working Hatch Per Day or Per Workable Hatch Per Day 
    PER HATCH PER DAY shall mean that the Laytime is to be calculated by dividing the quantity of cargo by the result of multiplying the agreed daily rate per hatch by the number of the Vessel’s hatches. Thus: Laytime = Quantity of cargo / (Daily rate x Numbe
  • Pro Forma Invoice 
    An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and specifications (weight, size, etc.). 
  • R of T 
    Range of tide 
  • Superabsorbents 
    Polymers of acrylic acid, superabsorbent material is widely-used in personal care products to absorb fluids. It comes in the form of large particles, about the size of table salt, that are enclosed in the interior of the product, and helps to keep skin he
  • USPPI – United States Principal Party of Interest 
    The party that receives the primary benefit from an export transaction, usually the seller of the goods.