Glossary

Glossary

IMDG Code International Maritime Dan erous Good Code ~ contains the IMO recommendations for the carriage of dangerous goods by sea.
IMO International Maritime Organisation - a UN body charged with the duty of making safety and antipollution conventions and recommendations concerning sea transport.
ISO International Standards Organisation - a body responsible for, inter alia, setting standards for container construction.
INCOTERMS International Rules for the Interpretation of Trade Terms for foreign trade contraction, compiled by ICC.
Inherent Vice Those properties of certain goods which lead to their arrival in damaged condition without accident or negligence, for example unprotected steel will “ wheather", bales of rubber slick together, copra is almost invariably infested by copra bugs.
L/C Letter of Credit- a document in which the terms of ducomentary credit transactions are set out.
LCL Less than Container Load ~ when a parcel is too small to fill a container which is grouped by the carrier at a CFS with other compatible goods for the same destination. “ LCL door/LCL depot" is effected when the carrier collects the cargo from the shipper, takes it to his depot for groupage and delivers to the consignee at the import depot.
L/I Letter of indemnity - sometimes. also called a letter of guarantee, it allows the consignee to take delivery of his goods by without the surrendering of the original bill of lading which has been delayed or become lost.
LLMC International Convention on Limitation of liability for Maritime Claims - a l 976 limitation convention enacted in the UK by the Merchant Shipping Act l 979.
LO-LO Lift on Lift off- a comainership onto which and form which container are lifted by crane (as opposed to RoRo).
Line A vessel playinga regular pattern ofatrade on a defined route under a published sailing schedule. Lines Terms : Fright payable which includes the cost of loading and unloading.
MMO MultiModalOperator.
Manifest List of goods or passengers on a vessel
Manifest List of goods or passengers on a vessel
Meaasurement Ton 1Cubic meter - one of the alternative bases of a freight tariff.
M/R Nate's Receipt - a receipt given to the party that delivers the cargo to the ship.The M/R states quantity and condition of the cargo and where it was stowed.
NVOC(O) Non Vessel Operating (Common Carrier - a carrier issuing bills of lading for carriage of goods on vessel which the neither owns nor operates.
Notify Party The party to whom the ANF (see above) is sent.
NYPOE The New York Produce Exchange charterparty - the most commonly used from of hire contract for vessels.
O/H Overheight - Container with goods protruding above the top of the corner posts.
OOG Out of Gauge - goods whose dimensions exceed those of the container in which they are packed.
O/W Oveiwidth - a container with goods protruding beyond the sides of the container/flat rack on to which they have packed.
P&l Club Protection and lndemnity Association - the carrier's mutual liability insurer.
POA Place of Acceptance - the place where the goods are received for shipment or transit and where the carrier’s liability commences. Now more usually called POR (see above).
POD Place of Delivery -the place whererthe goods are delivered and carrier's liability ends .lt can also mean Proof of Delivery and the it means a signed receipt acknowledging delivery.
Poincare Franc A fictitious gold franc -originally used amount other things to asses the carrier’s liability in an inflation prooced manner under the Hague - Visby Rules, now replaced by the SDR (see hereunder).
Portor Pier A movement starting or finishing at the vessel's side. as in time of break bulk cargoes,so that the inland movement prior and subsequent to sea carriage is effected by the merchant lt is possible to encounter movements involving more than one of these mentioned. Thus, “door (or house)/depot” would describe a movement stating at shipper’s premises and ending at the CFS. Once tha Details in respect of LCL or FCL are added to the bill of lading a full picture of the type of movement contemplated bythe shippers si possible.
Principal Carrier The carrier who issues the CT D. regard less of whether or not the goods are carried on his own,a third party’s or a consortium member's Vessel.
RN Release Note - a receipt signed by the customer with the acknowledgement of delivery of his goods.
Ro-Ro A ferry type vessel, into which good and containers can be driven usually via a ramp.
Reefer A refrigerated vessel or container.