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This term places the maximum obligation on the buyer and minimum obligations on the seller. The Ex Works term is often used while making an initial quotation for the sale of goods without any costs included. EXW means that a buyer incurs the risks of bringing the goods to their final destination.
The term "Freight On Board" is not mentioned in any version of Incoterms, and is not defined by the Uniform Commercial Code in the USA. [12] Further to that, it has been found in the US court system that "Freight On Board" is not a recognized industry term. [15] Use of the term "Freight On Board" in contracts is therefore very likely to cause ...
Tumi (Quechua for 'Knife', variants: 'Tome', 'Tume'), is a generic term encompassing the many kinds of sharp tools utilized in pre- and post-colonial eras of the Central Andes region, Tumis were employed for a diverse set of purposes such as kitchen knives, agricultural tools, warrior or hunting secondary weapons, sacrificial knives, barber ...
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This term in typically used in conjunction with LOA (Length overall; see below). The ratio of LOA/BOC is used to estimate the stability of multihull vessels. The lower the ratio, the greater the vessel's stability. Carlin – Similar to beam, except running in a fore and aft direction.
The National Motor Freight Classification (NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, intrastate and international commerce via freight shipment.
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 ...
A nation's shipping fleet (variously called merchant navy, merchant marine, or merchant fleet) consists of the ships operated by civilian crews to transport passengers or cargo from one place to another. Merchant shipping also includes water transport over the river and canal systems connecting inland destinations, large and small.