Ngu industries pay off your fine8/6/2023 ![]() For example, in a freight ship or a container ship, there is a case where the charterer has to pay the Bunker adjustment charges, the currency adjustment charges, the liquid Lighterage … in addition to the original charge, as specified by the ship owner. (Viewed: Rider)Īn amount payable in addition to the principal amount under a certain regulation. Record of additions to a major legal document (agreement, contract, agreement …), forming an integral part of that document. Term used in the insurance operation, only covered goods are completely lost in quantity or quality. Sign the contract of carriage, then hire the carrier to carry the cargo instead. The term is used in consolidation to indicate that the carrier has a real cargo ship, other than the nominal carrier under the no-ship transport contract (NVOCC). The risk of loss due to war action is covered under special conditions, limited, under the war risk insurance clause. Includes war among nations, civil war, insurrection, rebellion, hostile acts such as destruction, vandalism, seizure, confiscation and other similar war acts. The original bill of lading has been handed over to the carrier at the port of discharge and the cargo has been received. ABS Abbreviation of: American Bureau of Shipping. With term used in terminology: Collision with a ship another to fall aboard of a ship. ![]() On, up (Ship, train, plane) – Lighters aboard ship – To get aboard 2. If the insurer refuses to pay full damages for good cause,ġ. For example, a ship wrecked in the deep sea, salvaged and expensive, the shipowner declared abandoning the vessel, transferring the ownership of the ship to the insurance company (the company) to consider the refusal or acceptance of compensation under the insurance value of the vessel. The property owner must make a written declaration of abandonment of the property and transfer the property ownership to the insured person so that he / she may consider refusing or accepting the whole of the lot. Waiver: A waiver of an abandonment of insured property in the case of a constructive total loss. For example: Refusal to make a complaint, search, trip, delivery for any reason. ![]() The original bill of lading has been handed over to the carrier at the unloading port and the cargo has been received. The term used by the charterer or charter agent in the transaction to accept only certain terms or particulars but not to accept other excluded items shall be omitted or amended as required.
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