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The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [ 1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
DHL [5] is a logistics company [6] providing courier, package delivery and express mail service, delivering over 1.7 billion parcels per year. [7] A subsidiary of the German logistics firm DHL Group, its express mail service DHL Express is one of the market leaders for parcel services in Europe. DHL Express is Germany's main international ...
FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
AAW An acronym for anti-aircraft warfare. aback (of a sail) Filled by the wind on the opposite side to the one normally used to move the vessel forward.On a square-rigged ship, any of the square sails can be braced round to be aback, the purpose of which may be to reduce speed (such as when a ship-of-the-line is keeping station with others), to heave to, or to assist moving the ship's head ...
The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports. [1] It is based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box that can be easily transferred between different modes of transportation, such as ships, trains ...
Maritime English correspondence is the main foreign contact way for the shipping industry, and it is the important tool to develop the shipping industry and other businesses. With the development of the shipping industry of China and the frequent communication among countries, the interior labor division in the shipping enterprise is more and
Definitions. Beam – A measure of the width of the ship. There are two types: Beam, Overall (BOA), commonly referred to simply as Beam – The overall width of the ship measured at the widest point of the nominal waterline. Beam on Centerline (BOC) – Used for multihull vessels. The BOC for vessels is measured as follows: For a catamaran: the ...
Less-than-truckload shipping or less than load (LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg). Full truckload carriers move entire semi-trailers. Semi-trailers ...