The dates between which a chartered vessel is to be available in port for loading of cargo. A method of payment for goods in which the buyer establishes his credit with a local bank, clearly describing the goods to be purchased, the price, the documentation required and a limit for completion of the transaction. Upon receipt of documentation, the bank is either paid by the buyer or takes title to the goods themselves and proceeds to transfer funds to the seller. The banks insist upon exact compliance with the terms of the sale, and will not pay if there are discrepancies. A firm which acts as an export sales agent for several non-competing manufacturers.
Business is transacted under the name of the agent firm.
An insurance which will compensate the owner of goods transported overseas in the event of loss which cannot be legally recovered from the carrier. Receipt given by a steamship company for a parcel shipment. Partial loss or damage to goods. Those causes of loss of goods for which the carrier is not legally liable. The elemental risks of ocean transport.