Glossary of Shipping Terms: Advanced Charge - Aft

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Glossary of Shipping Terms: Advanced Charge - Aft

Advanced Charge
Transportation charge advanced by one carrier to another to be collected by the later carrier from the consignor or consignee.

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' risk.

Advice of Shipment
A notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the bill of lading.

Advising Bank
A bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank.

Affreightment, Contract of
An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer.

Aft
Movement toward the stern (back end) of a ship.

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.