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Schumacher Cargo Logistics
ABS
American Bureau of Shipping: A U.S.-based private classification, or standards setting society for merchant ships and other marine systems. Read More →
AD VALOREM
Latin for “According to the value”. When a shipper wishes to increase the liability of a carrier beyond the liability stated in the terms of the bill of lading, he places the actual value of the cargo in block 23 of the bill of lading. The carrier is then liable for the value of the cargo...
AI
All Inclusive. Read More →
Air Cargo
Freight that is moved by air transportation. Read More →
Air Waybill – AWB
An AWB is a bill of lading, a non-negotiable instrument of air cargo transport, covering both domestic and international flights for the transportation of goods to a specified destination. An executed AWB serves as an indication that the air cargo carrier has accepted the goods detailed in the AWB and...
Allotment
A share of the capacity of a means of transport assigned to a certain party, e.g. a carrier or an agent, for the purpose of the booking of cargo for a specific voyage. Read More →
All Water
When a shipment is transported from its origin to its destination solely by water transportation. Read More →
American Association of State Highway & Transportation Officials (AASHTO
A nonprofit, nonpartisan association representing highway and transportation departments in the 50 states, the District of Columbia and Puerto Rico. It represents all five transportation modes: air, highways, public transportation, rail and water. Its primary goal is to foster the development, operation...
Approved Delivery Facility
Any transport, shipping, stockyard, mill, storehouse, plant, or other depository that is authorized by an exchange for the delivery of commodities tendered on futures contracts. Read More →
AQI
Agriculture Quarantine Inspection. Read More →
Arbitration Clause
A standard clause to be included in the contracts of exporters and importers, as suggested by the American Arbitration Association. It states that any controversy or claim will be settled by arbitration in accordance with the rules of the American Arbitration Association. Read More →
Articles of Agreement
The document containing all particulars relating to the terms of agreement between the Master of the vessel and the crew. Sometimes called ship’s articles, shipping articles. Read More →
Automated Commercial System (ACS)
Automated Commercial System (ACS) - The electronic system of the U.S. Customs Service, encompassing a variety of industry sectors, that permits on-line access to information in selected areas. Read More →