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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 ...
The transport of goods or passengers between two points in the same country along coastal routes by a vessel registered in another country. Originally applied only to shipping, the term now also is applied to analogous transport via aviation, railways, or road transport. cage mast See lattice mast. camels 1.
Also ship's magazine. The ammunition storage area aboard a warship. magnetic bearing An absolute bearing using magnetic north. magnetic north The direction towards the North Magnetic Pole. Varies slowly over time. maiden voyage The first voyage of a ship in its intended role, i.e. excluding trial trips. Maierform bow A V-shaped bow introduced in the late 1920s which allowed a ship to maintain ...
The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
The Standard Carrier Alpha Code, a two-to-four letter identification, is used by the transportation industry to identify freight carriers in computer systems and shipping documents such as Bill of Lading, Freight Bill, Packing List, and Purchase Order.
The sale and purchase of ship is an important aspect of the shipping industry.It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining.
Six days a week, every address served,” said Michael Plunkett, CEO of the Association for Postal Commerce, which represents companies in the mailing and shipping industry, including pharmacies ...
The NATO Stock Number or National Stock Number (NSN) is a 13-digit alphanumeric code consisting of a Group of Supply, a Class of Supply and the unique NIIN to designate unique items of supply grouped by their relative catalog category. The first four digits are the NATO Supply Classification (NSC) or Federal Supply Class (FSC) code.