Tag: Transportation Law
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Export Management Company
A private company that serves as the export department of other firms, usually small- and medium-size manufacturers. An EMC will provide a variety of services for its clients, to include locating customers abroad, arranging transportation and financing for the merchandise, developing foreign […]
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Air Waybill
A document issued by an airline as a receipt for cargo and contract of carriage between the carrier and shipper. An air waybill is the effective equivalent of a bill of lading, except that it lacks the feature of being issued in negotiable form. Two types of air waybills are commonly used. A […]
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Free of Particular Average
A clause in a basic marine cargo insurance policy restricting settlements in the case of partial losses attributable to perils of the sea or incidents where the vessel has been sunk, burned, or stranded during the course of the voyage. An F.P.A. policy provides the most limited coverage. The […]
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Maritime Administration
An agency of the U.S. Department of Transportation assigned the task of promoting the American Merchant Marine.MARAD was established in 1950 and pursues its objective through various programs, including ports and intermodal systems development, research and development in vessel and equipment design…
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United States Value
A basis for assessing duties predicated upon the wholesale price of the imported product (or a like domestic product if the value of the imported product cannot be ascertained), less normal markups, transportation costs, insurance, and duties. This method of valuation has been supplanted by the cust…
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Transfer Costs
Costs associated with the movement of goods from one country to another. Transfer costs may be divided into two categories: physical transfer (i.e., transportation and handling) and governmental regulations (e.g., duties and exchange controls)….
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Transload
The act whereby goods are transferred from one transport vehicle to another; for example, cargo may be removed from an ocean container at a port and reloaded into a rail trailer for movement to an interior point….
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Transload
The act whereby goods are transferred from one transport vehicle to another; for example, cargo may be removed from an ocean container at a port and reloaded into a rail trailer for movement to an interior point….
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Ton Mile
The carriage of one ton (two thousand pounds in the United States) of cargo for one mile; used to measure quantity of cargo transported by a carrier or group of carriers (usually rail or motor) within a given time span….
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Through Transport Club
The common name for the Through Transport Mutual Insurance Association Limited, a mutual insurance fund of firms in the container or unit load industry. The insureds are member firms, and the membership is derived from three main groups: vessel owners and charterers, container terminal operators, an…
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Through Transport Club
The common name for the Through Transport Mutual Insurance Association Limited, a mutual insurance fund of firms in the container or unit load industry. The insureds are member firms, and the membership is derived from three main groups: vessel owners and charterers, container terminal operators, an…
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Swapping
A form of countertrade (read this and related legal terms for further details) by which the parties trade off goods that each controls at various locations so as to eliminate or mitigate transportation costs….
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Tariff (Freight)
A document issued, usually in booklet form, by a Common Carrier (read this and related legal terms for further details) listing its charges for transportation services. Commonly, the rate, or cost of transportation, vari…
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Tariff (Freight)
A document issued, usually in booklet form, by a Common Carrier (read this and related legal terms for further details) listing its charges for transportation services. Commonly, the rate, or cost of transportation, vari…
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Sufferance Wharf
A pier where goods may be stored temporarily, exempt from taxes or duties, while awaiting transport to another destination or clearance through customs….