- Industry: Government
- Number of terms: 13754
- Number of blossaries: 0
- Company Profile:
The regulations published by the IMO for transporting hazardous materials internationally.
Industry:Transportation
The recognized abbreviation for the International Chamber of Commerce Terms of Sale. These terms were last amended, effective July 1, 1990.
Industry:Transportation
It is an amendment to the Safety of Life at Sea (SOLAS) Convention (1974/1988) on minimum security arrangements for ships, ports and government agencies. Having come into force in 2004, it prescribes responsibilities to governments, shipping companies, shipboard personnel, and port/facility personnel to “detect security threats and take preventative measures against security incidents affecting ships or port facilities used in international trade.”
Industry:Transportation
International Standards Organization which deals in standards of all sorts, ranging from documentation to equipment packaging and labeling.
Industry:Transportation
A rope ladder suspended from the side of a vessel and used for boarding.
Industry:Transportation
The quantity of freight which is less than that required for the application of a container load rate. Loose Freight.
Industry:Transportation
A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three–party transaction.
Industry:Transportation
A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.
Industry:Transportation
An L/C guaranteed by both the issuing and advising banks of payment so long as seller’s documents are in order, and the L/C terms are met.Only applied to irrevocable L/C’s. The confirming bank assumes the credit risk of the issuing bank.
Industry:Transportation
A letter of credit issued for the purchase and financing of merchandise, similar to acceptance–type letter of credit, except that it requires presentation of sight drafts payable on an installment basis.
Industry:Transportation
