Saturday, February 12, 2005

Glossary of Shipping Terms: Accessorial Charges - Advance

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Glossary of Shipping Terms: Accessorial Charges - Advance

Accessorial Charges
Charges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency, destination/delivery.

Acquiescence
When a bill of lading is accepted or signed by a shipper or shipper's agent without protest, the shipper is said to acquiesce to the terms, giving a silent form of consent.

Acquittance
A written receipt in full, in discharge from all claims.

ACS (A.C.S.)
U.S. Customs' master computer system, "Automated Commercial Systems."

Act of God
An act beyond human control, such as lightning, flood or earthquake.

Ad Valorem
A term from Latin meaning, "according to value."

Administrative Law Judge
A representative of a government commission or agency vested with power to administer oaths, examine witnesses, take testimony, and conduct hearings of cases submitted to, or initiated by, that agency. Also called Hearing Examiner.

Admiralty (Adm.)
Refers to marine matters such as an Admiralty Court.

Advance
To move cargo up line to a vessel leaving sooner than the one booked. (See "Roll.")

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.

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