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Over 3600 Ocean Marine, Shipping, Chat & Insurance Terms and Abbreviations
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TERM COLORS: Black = Transport - -  Blue = Insurance - - Green = Chat/Email

Chat - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

5 Steps + 2 Minutes = AllCovered --- Paperless -- No Monthly Reporting
-- Cargo - Bonds - BOL Liability/E&O - Warehouse - Business Insurance --

-- We have Logistics AllCovered --

 

- E -

TERM DEFINITION
Earned Premium (Ins) That portion of a premium for which the policy protection has already been given during the now-expired portion of the policy term.
Ebb Receding current
EC East Coast or European Community
E.C.M.C.A. Eastern Central Motor Carriers Association.
ECR See "Efficient Consumer Response"
Economic Order Quality (EOC) An inventory model that determines how much to order by determining the amount that will minimize total ordering and holding costs.
Economy of Scale The lowering of costs with added output due to allocation of fixed costs over more units.
ECSI See: "Export Cargo Shipping Instructions/PreAdvice"
EDD See "Estimated Delivery Date"
Edge Protector An angle piece fitted over the edge of boxes, crates, bundles and other packages to prevent the pressure from metal bands or other types from cutting into the package.
EDI Abbreviation for "Electronic Data Interface." Generic term for transmission of transactional data between computer systems. EDI is typically via a batched transmission, usually conforming to consistent standards.
EDI Interchange Communication between partners in the form of a structured set of messages and service segments starting with an interchange control header and ending with an interchange control trailer.
EDIFACT International data interchange standards sponsored by the United Nations. See UN/EDIFACT. The ISO application level syntax rules for the structuring of user data and of the associated service data in the interchange of messages in an open environment.
EDP See "Electronic data Processing"
EDR See "Equipment Damage Report"
Effective Date (Ins) The date on which an insurance policy or bond goes into effect, and from which protection is furnished.
Efficient Consumer Response (ECR) A customer-driven system where distributors and suppliers work together as business allies to maximize consumer satisfaction and minimize cost.
EFT Electronic Fund Transfer. Movement of money between two entities by electronic means.
EFTA European Free Trade Association: Comprising Iceland, Norway and Switzerland
EG Evil Grin
EHA See "Equipment Handover Agreement"
EIN See "Export Identification Number"
EIR See "Equipment Interchange Receipt"
EIU Even If Used
Electrical Derangement (Ins) Mechanical and/or Electrical derangement is an insurance industry term to describe malfunction, or non-function, of an appliance for reasons other than obvious external damage. From time to time, an electronic or mechanically operated item will prove to be inoperable upon arriving at its destination. See: "Mechanical Derangement"
Electronic Data Interchange (EDI) The transfer of structured data, by agreed standards from applications on the computer of one party to the applications on the computer of another party by electronic means.
Electronic Data Processing (EDP) The computerized handling of information (e.g. business data).
Elevating - A charge for services performed in connection with floating elevators.
- Charges assessed for the handling of grain through grain elevators.
Elevator Equipment used to discharge some bulk cargoes such as grain which is removed from the hold by a continuous line of buckets or by suction and carried on a conveyor belt to store.
Electronic Funds Transfer (EFT) Electronic Fund Transfer. Movement of money between two entities by electronic means.
Elimination Period (Ins) A loosely-used term sometimes designating the waiting period and sometimes the probationary period.
Elkins Act An act of Congress (1903) prohibiting rebates, concession, misbilling, etc. and providing specific penalties for such violations.
ELVENT Electric Ventilation
Embargo Order to restrict the hauling of freight.
EMC Export Management Consultant
Eminent Domain The sovereign power to take property for a necessary public use, with reasonable compensation.
Employer's Liability (Ins) Coverage against common law liability of an employer for accidents to employees, as distinguished from liability imposed by workers compensation law.
Employer's Non-Ownersjip Auto Liability (Ins) (1) Liability arising out of the operation of an automobile not owned by the insured. This frequently results when an employee uses his own personal car in the business activities of the insured; (2) Insurance coverage for the liability exposure mentioned above.
Empty Repo Contraction for Empty Repositioning. The movement of empty containers.
EMSG Email Message
End User The final buyer of the product who purchases the product for immediate use.
Endorsed In Blank Not Endorsed
Endorsement A legal signature usually placed on the reverse of a draft; signifies transfer of rights from the holder to another party.
Endorsement (Ins) A form attached to the policy bearing the language necessary to change the terms of the policy to fit special circumstances.
English Jurisdiction Clause (Ins) A condition, printed in the MAR form of policy, whereby Underwriters agree to recognize judgments only from courts convened within English jurisdiction. Subscribing Underwriters may agree to replace this clause with a foreign jurisdiction clause. Please note this is not applicable to business emanating from the United States of America which is subject to the Service of Suit Clause (USA) appearing in the Standard Conditions.
English Law & Practice (Ins) This clause appears in Institute clauses published for use with the MAR form or policy. It applies where a foreign jurisdiction clause attaches to the policy and requires that the foreign court shall base its decisions on English law and practice.
Enquiry / Inquiry Document issued by a party interested in the purchase of goods specified therein and indicating particular, desirable conditions regarding delivery terms, etc., addressed to a prospective supplier with a view to obtaining an offer.
Enroute A term used for goods in transit or on the way to a destination.
Enterprise Resource Planning (ERP) A cross-functional/regional planning process supporting regional forecasting, distribution planning, operations centers planning, and other planning activities. ERP provides the means to plan, analyze, and monitor the flow of demand/supply alignment and to allocate critical resources to support the business plan.
Entrepot An intermediary storage facility where goods are kept temporarily for distribution within a country or for reexport.
Entry Customs documents required to clear an import shipment for entry into the general commerce of a country.
Entry Form - The document that must be filed with Customs to obtain the release of imported goods and to allow collection of duties and statistics. Also called a Customs Entry Form or Entry.
- Generic term for any form for which input is needed
Entry Summary System An entry is the minimum amount of documentation needed to secure the release of imported merchandise. The Entry Summary System, a part of Customs' Automated Commercial System, contains data on release, summary, rejection, collection, liquidation, and extension or suspension.
Entry Summary Selectivity System The Entry Summary Selectivity System, a part of Customs' Automated Commercial System, provides an automated review of entry data to determine whether team or routine review is required. Selectivity criteria include an assessment of risk by importer, tariff number, country of origin, manufacturer, and value. Summaries with Census warnings, as well as quota, antidumping and countervailing duty entry summaries are selected for team review. A random sample of routine review summaries is also automatically selected for team review.
Entry Value US Customs Service defines entry value (or entered value) as the value reflected on the enry documentation submitted by the importer.
EOC See "Economic Order Quality"
EOM End Of Message
EOT End Of Thread
Equalization A monetary allowance to the customer for picking up or delivering at a point other than the destination shown on the bill of lading. This provision is covered by tariff publication.
Equipment The rolling stock carriers use to facilitate the transportation services that they provide, including containers, trucks, chassis, vessels, and airplanes, among others.
Equipment Damage Report (EDR) Written statement concerning damage to equipment, based on a physical inspection.
Equipment Handover Agreement (EHA) An agreement acknowledging the condition of the carrier's equipment when handed over and returned, which includes the terms of contract under which the equipment was taken over.
Equipment ID An identifier assigned by the carrier to a piece of equipment. See also Container ID.
Equipment Interchange Receipt (EIR) A document transferring a container from one  carrier to another, or to/from a terminal.
Equipment Positioning The process of placing equipment at a selected location.
ERP - See "Enterprise Resource Planning"
- Effective Radiated Power - a measure of a radio transmitter's power
- See "Extended Reporting Period" (Ins)
Estimated Delivery Date (EDD) The date and time a package or shipment is expected to be delivered to a given destination.
ETA - Estimated Time of Availability. That time when a tractor/partner carrier is available for dispatch.
- Estimated Time of Arrival.
ETC - Estimated Time of Commencement
- Expected Time of Completion
- Export Trading Company
ETD Estimated Time of Departure
ETS Estimated Time of Sailing
Ethylene A gas produced by many fruits and vegetables that accelerates the ripening and aging processes.
EU European Union
European Free Trade Association (EFTA) Free trading area comprising Iceland, Norway and Switzerland
European Pallet Pool Pool for the exchange of standard size pallets (the so-called Europallets) in European cargo traffic, formed in 1961 by a number of European rail administrators.
European Zone Charge (EZC) A charge for inland haulage transport in case of carrier haulage in Europe.
EUSC Effective U.S. Control
Even Keel Said of a vessel which is balanced in such a way that the draft forward and aft is the same as the draft in the midship of the vessel on both sides.
Evergreen Letter of Credit Letter of credit with an initial expiration date but containing a clause that states that it will be automatically extended for additional periods unless the issuing bank provides notice to the beneficiary stating otherwise.
Even Keel When the draft of a ship fore and aft are the same
Evidence of Insurability (Ins) Any statement of a person's physical condition, occupation, etc., affecting his acceptance for insurance.
E.W.I.B. Eastern Weighing and Inspection Bureau.
Ex (Point of Origin) From the point where the shipment begins movement, e.g., "Ex Factory" "Ex Mine" or "Ex Warehouse." See "Terms of Sale."
Ex Dec Contraction for "Shipper's Export Declaration."
Ex Dock (From dock.) Seller owns goods until they are unloaded on dock at port of discharge; selling price includes all costs so far plus cost of unloading from vessel.
Ex Factory Seller owns goods until they are picked up at his factory; selling price is the cost of the goods.
Ex - "From" When used in pricing terms such as "Ex Factory" or "Ex Dock," it signifies that the price quoted applies only at the point of origin indicated.
Exception Notations made when the cargo is received at the carrier's terminal or loaded aboard a vessel. They show any irregularities in packaging or actual or suspected damage to the cargo. Exceptions are then noted on the bill of lading.
Exception Clause Contract wordings detailing how variations from a specified parameter will be handled.
Exception Rate A deviation from the class rate; changes (exceptions) made to the classification.
Excess - In English insurance terminology, a deductible or franchise, after which losses will be paid.
- Going over the prescribed amount or degree e.g. excess luggage is luggage of which the weight is over the weight for free carriage.
Exchange Rate The rate at which one currency can be exchanged for another, usually expressed as the value of the one in terms of the other.
Exclusions (Ins) Specified hazards for which a policy will not provide benefit payments. (Often called Exceptions)
Exclusive Patronage Agreement A shipper agrees to use only a conference's member liner firms in return for a 10 to 15 percent rate reduction.
Exclusive Use Vehicles that a carrier assigns to a specific shipper for its exclusive use.
Ex-Dec See "Shippers' Export Declaration"
Exempt Carrier A for-hire carrier that is exempt from economic regulations.
Exemption Clause A clause in a contract, which relieves the carrier's responsibility for certain events - See "Exceptions Clause"
Ex-Factory See "Ex Works" and "Incoterms"
EXIM Bank Abbreviation for Export-Import Bank of the United States. An independent U.S. Government Agency which facilitates exports of U.S. goods by providing loan guarantees and insurance for repayment of bank-provided export credit.
Expediting Determining where an in-transit shipment is and attempting to speed up its delivery.
Expendable Pallet See "Disposable Pallet"
Experience (Ins) The loss record of an insured, class of coverage, or of an insurance company.
Experience Rating (Ins) Determination of the premium rate for an individual risk, made partially or wholly on the basis of that risk's own past claim experience.
Expenses Costs paid out in connection with booking of cargo and arranging transport (e.g. commission).
Expiration Termination of a certain period.
Expiry Date Issued in connection with documents such as letters of credit, tariffs etc. to advise that stated provisions will expire at a certain time.
Export Shipment of goods to a foreign country.
Export Broker An enterprise that brings together buyer and seller for a fee, then eventually withdraws from the transaction.
Export Cargo Shipping Instructions - PreAdvice Instructions from shipper with details of all parties involved and description of goods
Export Control Classification Number Every product has an export control classification number (formerly: Export Control Commodity Number) within the Commerce Control List. Each ECCN consists of five characters that identify the category, product group, type of control, and country group level of control.
Export Declaration A government document declaring designated goods to be shipped out of the country. To  be completed by the exporter and filed with the U.S. Government.
Export Identification Number (EIN) number required for the exporter on the Shipper's Export Declaration. A corporation may use their Federal Employer Identification Number as issued by the IRS; individuals can use their Social Security Numbers.
Export Letter of Credit Term used by an exporter to describe a commercial letter of credit in his favor or by a bank to describe a letter of credit issued by a bank other than itself. The same L/C will be called an "import letter of credit" by the importer and the issuing bank.
Export License A government document which permits the "Licensee" to engage in the export of designated goods to certain destinations.
Export Management Consultant Individual or company that assists other companies in identifying potential foreign markets for their goods, often named as a sales agent or representative of the company being served and paid a commission for each sale.
Export Rate A rate published on traffic moving from an interior point to a port for transshipment to a foreign country.
Export Request Form Document showing shipping instructions advising details of cargo, routing and payment terms.
Export Sales Contract The initial document in any international transaction; it details the specifics of the sales agreement between the buyer and seller.
Export Trading Company Company that buys and sells goods with the objective of taking advantage of market opportunities around the world.
Exporter The party responsible for the export of goods.
Exposure (Ins) (1) State of being subject to the possibility of loss; (2) extent of risk as measured by payroll, gate receipts, area, or otherwise; (3) possibility of loss to a risk being caused by its surroundings.
EXQ See "Ex Quay"
Ex Quay "Ex Quay" means that the seller makes the goods available to the buyer on the quay (wharf) at the destination named in the sales contract. The seller has to bear the full cost and risk involved in bringing the goods there. There are two "Ex Quay" contracts in use: (a) Ex Quay "duty paid" and (b) Ex Quay "duties on buyer's account" in which the liability to clear goods for import is to be met by the buyer instead of by the seller.
EXS See "Ex Ship"
Ex Ship "Ex Ship" means that the seller will make the goods available to the buyer on board the ship at the destination named in the sales contract. The seller bears all costs and risks involved in bringing the goods to the destination.
Extended Reporting Period (ERP) (Ins) A period allowed for making claims after expiration of a "claims made" liability policy. Also known as a "tail."
EXW Ex-Works (See Incoterms or Terms of Sale)
EZC See "European Zone Charge"
   
 
DISCLAIMER:   These terms and definitions have been gathered from many sources public and private. This list is designed to serve as a reference. No warranty for the accuracy is stated nor implied.

HOME

Over 3600 Ocean Marine, Shipping, Chat & Insurance Terms and Abbreviations
To jump to a section, click the letter. (Opens in new browser window)
Some letters have several hundred entries and may take some time to download
TERM COLORS: Black = Transport - -  Blue = Insurance - - Green = Chat/Email

Chat - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

5 Steps + 2 Minutes = AllCovered --- Paperless -- No Monthly Reporting
-- Cargo - Bonds - BOL Liability/E&O - Warehouse - Business Insurance --

-- We have Logistics AllCovered --

These terms, abbreviations and descriptions have been gathered from many sources
online and in print. No warranty for their accuracy is stated nor implied.

 

Last Updated:
Monday, 08 June 2009 14:24:42 -0400

 

 

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Debbie Miller
Customer Service - Allcovered.net
Ocean Marine Division; Allen Insurance Group
Voice: +1.478.825.5566 Ext. 108
E-Fax: +1.419.715.4723
Email: debbie.miller@allcovered.net

 

 

 

 

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