Glossary of Shipping Terms: AA - Acceptance

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Glossary of Shipping Terms: AA - Acceptance

AA
Always Afloat (In some ports the ship aground when approaching, or at berth.)

AAR
Abbreviation for:
· Against All Risks (insurance clause).
· Association of American Railroads.

Abaft
A point beyond the midpoint of a ships length, towards the rear or stern.

Abandon
A proceeding wherein a shipper/consignee seeks authority to abandon all or parts of their cargo.

Abatement
A discount allowed for damage or overcharge in the payment of a bill.

ABI
U.S. Customs' "Automated Broker Interface," by which brokers file importers' entries electronically.

Aboard
Referring to cargo being put, or laden, onto a means of conveyance.

Absorption
One carrier assumes the charges of another without any increase in charges to the shipper.

Acceptance
· A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity.
· Broadly speaking, any agreement to purchase goods under specified terms.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.