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- G - |
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TERM |
DEFINITION |
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g |
Small Grin |
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G |
Big Grin |
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GA |
Go Ahead |
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GA |
General Average |
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GAL |
Get A Life |
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Gantry Crane |
A crane or
hoisting machine mounted on a frame or structure spanning an intervening space,
which often travels on rails. |
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Gateway |
Industry-related: A point at which freight moving from one
territory to another is interchanged between transportation lines. |
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GATT
|
Abbreviation for "General Agreement on Tariffs and Trade." A
multilateral treaty to help reduce trade barriers between the signatory
countries and to promote trade through tariff concessions. The World Trade
Organization (WTO) superseded GATT in 1994. |
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GBL |
Abbreviation for "Government Bill of Lading." |
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GCR |
See "General Cargo Rate" |
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GDSM |
Abbreviation for "General Department Store Merchandise." A
classification of commodities that includes goods generally shipped by
mass-merchandise companies. This commodity structure occurs only in service
contracts. |
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GD&R |
Grinning, Ducking And Running |
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GFN |
Gone For Now |
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Gear |
A general terms for ropes, tackle, etc. |
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Geared |
Vessel/conveyance carries its own means of loading/unloading cargo. |
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General Aggregate Limit (Ins) |
A Commercial
General Liability limit that applies to all damages paid for bodily injury,
property damage, personal injury, advertising injury, and medical expenses,
except damages included in the products-completed operations hazard. |
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General Average (Ins) |
- Loss resulting from a voluntary sacrifice of any part of the vessel or cargo, or
an expenditure to safeguard the vessel and the rest of the cargo. When such a
loss occurs, it is paid on a pro rata basis by the ship owner and all cargo
owners.
Intentional
act or sacrifice that is carried out to safeguard vessel and cargo. When a
vessel is in danger, the master has the right to sacrifice property and/or to
incur reasonable expenditure. Measures taken for the sole benefit of any
particular interest are not considered general average.
- An
Ocean Marine coverage meaning a partial loss which has resulted from the
voluntary and deliberate sacrifice of some cargo for the benefit of all
concerned, and which must be shared by all parties (owners of ship, cargo and
freight) in proportion to their interest. For example, if 100 containers were
jettisoned from a 1000 container load in order to protect the ship, the owners
of the remaining 900 containers, the owners of the ship, and the owners of the
freight would all contribute to offset the losses of those whose cargo was
jettisoned for the benefit of the whole. |
|
General Average Act (York-Antwerp Rules) |
There is a
general average act when, and only when any extraordinary sacrifice or
expenditure is intentionally and reasonably made or incurred for the common
safety for the purpose of preserving from peril the property involved in a
common maritime adventure. |
|
General Average Contribution (Ins) |
The proportionate shares of the vessel owner and each of the cargo owners in
order to make up the expenditure or sacrifice incurred for the common good. |
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General Average Deposit (Ins) |
Paid by a
consignee to obtain release of the cargo from the carrier following a general
average act. This may be replaced by an Underwriter's guarantee. |
|
General Average Guarantee (Ins) |
Paid by a
consignee to obtain release of the cargo from the carrier following a general
average act. This may be replaced by an Underwriter's guarantee. |
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General Average In Full (Ins) |
An agreement in
a cargo insurance whereby Underwriters do not reduce a claim for general average
contribution in event of underinsurance. |
|
General Average Sacrifice |
The voluntary
destruction of part of the vessel or the cargo, or the deliberate expenditure of
funds in time of grave peril, which is successful in avoiding total disaster |
|
General Average Security |
Documents the
cargo owner presents to the General Average Adjuster to replace the vessel
owner's maritime lien on cargo for its share of General Average and to obtain
release of the goods by the Steamship Company. G.A. Security consists of a G.A.
Bond and either a cash deposit or an Underwriter's Guarantee. |
|
General Average Statement |
This shows in
detail all general average costs and expenses and the contribution of each
interest in the general average in proportion to its value |
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General Cargo |
A non-bulk oil cargo
composed of miscellaneous goods. |
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General Cargo Carrier |
Breakbulk freighters, car
carriers, cattle carriers, pallet carriers and timber carriers |
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General Cargo Rate (GCR) |
The rate for
the carriage of cargo other than a class rate or specific commodity rate. |
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General Commodity Rate (GCR) |
See "General Cargo Rate" |
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General Exclusion Clause (Ins) |
A clause in the
Institute Cargo Clauses 1982, which specifies risks that are excluded,
irrespective of the risks covered elsewhere in the wording. |
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General Order (G.O.) |
When U.S. Customs orders shipments without entries to be kept
in their custody in a bonded warehouse. |
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Generator Set (Gen Set) |
A portable generator which can be attached to a refrigerated
container to power the refrigeration unit during transit. |
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Germanischer
Lloyd |
German Classification Society |
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GIT |
See "Goods In Transit" |
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GIWIST |
Gee I Wish I'd Said That |
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GL |
Good Luck |
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GLS / GLSS |
Gearless |
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GMAB |
Give Me A Break |
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GMDSS |
Global Maritime Distress and
Safety System |
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GMTA |
Great Minds Think Alike |
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GNCN |
GenCon "General Conditions" |
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GN |
Grain |
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GO |
-
Gas Oil
- See "General Order" |
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Go-Down |
In the Far East, a warehouse where goods are stored and
delivered. |
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Going-Concern Value |
The value
that a firm has as an entity, as opposed to the sum of the values of each of
its parts taken separately; particularly important in determining a
reasonable railroad rate. |
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GOL |
Giggling Out Loud |
|
Goods Control Certificate |
Document
issued by a competent body evidencing the quality of goods described
therein, in accordance with national or international standards, or
conforming to legislation in the importing country, or as specified in the
contract |
|
Gondola |
A railcar
with a flat platform and sides three to five feet high, used for top loading
long, heavy items. |
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Good Faith (Ins) |
A basic
principle of insurance. The Assured and his broker must disclose and truly
represent every material circumstance to the Underwriter before acceptance
of the risk. A breach of good faith entitles the Underwriter to avoid the
contract. (Proposed changes in law may affect this definition - also see
"Utmost Good Faith".) |
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Goods |
- Common
term indicating movable property, merchandise, or wares
- All materials which are used to satisfy demands
- Whole or part of the cargo received from the shipper, including any
equipment supplied by the shipper. |
|
Goods In Transit (GIT) |
The goods
which have departed from the initial loading point and not yet arrived at
the final unloading point. |
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Goods Receipt |
Document
issued by a port, warehouse, shed, or terminal operator acknowledging
receipt of goods specified therein on conditions stated or referred to in
the document. |
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Gooseneck
|
The front rails of the chassis that raise above the plane of
the chassis and engage in the tunnel of a container leading to the connection to
tractor. |
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Government Impelled |
Cargo owned by or
subsidized by the Federal Government |
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GP |
Grain Capacity (cubic capacity in "grain" |
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GPS |
Global Positioning System |
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GR |
Geographical Rotation (ports of call) |
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Grace Period |
See "Days of Grace" |
|
Grandfather Clause |
A provision
that enabled motor carriers engaged in lawful trucking operations before the
passage of the Motor Carrier Act of 1935 to secure common carrier authority w/o
proving public convenience and necessity; a similar provision exists for other
modes. |
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GRD |
Geared |
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GRI |
Abbreviation for "General Rate Increase." Used to describe an
across-the-board tariff rate increase implemented by conference members and
applied to base rates. |
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GRT |
Gross Registered Tonnage |
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Gross Freight |
Freight money collected or
to be collected without calculating the expenses relating to the running cost of
the ship for the voyage undertaken |
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Gross Manifest |
A manifest
containing freight details without any appropriate disbursements. |
|
Gross Tonnage (GT) |
Applies to vessels, not to cargo, (0.2+0.02 log10V)
where V is the volume in cubic meters of all enclosed spaces on the vessel. |
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Gross Weight |
Entire weight of goods, packaging and freight car or
container, ready for shipment. Generally, 80,000 pounds maximum container, cargo
and tractor for highway transport. |
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Grounding |
Deliberate contact by a
ship with the bottom while she is moored or anchored as a result of the
water level dropping |
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Groupage |
A consolidation service, putting small shipments into
containers for shipment. |
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Groupage Agent |
One who
consolidates LCL consignments to offer to a carrier as an FCL |
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Groupeur |
See "Groupage Agent" |
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GSB |
Good Safe Berth |
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GSP |
Good Safe Port |
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GTDI |
European
Guidelines for Trade Data Interchange |
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GTEE |
Guarantee |
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GTRM |
Going To Read Mail |
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GTSY |
Glad To See You |
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Guaranteed Freight |
Freight
payable whether the goods are delivered or not, provided the failure to deliver
the goods resulted from causes beyond the carrier's control. |
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Guaranteed Renewable Policy (Ins) |
A policy which
the insured has the right to continue in force by the timely payment of premiums
to a specified age, (usually age 50) during which period the insurer has no
right to make unilaterally any change in any provision of the policy while the
policy is in force but make changes in premium rates for the entire policyholder
classification. (See also "Non-Cancelable Policy".) |
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GUI |
Graphical User
Interface |
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Gunwale |
Upper edge of a ship's sides |
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GVW |
Abbreviation for "Gross Vehicle Weight." The combined total
weight of a vehicle and its container, inclusive of prime mover. |
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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. |
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These terms, abbreviations
and descriptions have been gathered from many sources
online and in print. No warranty for their accuracy is stated nor implied. |
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Last Updated:
Monday, 08 June 2009 13:25:48 -0500 |
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