What should be the terms and conditions for merger and. Merger process glossary terms and definitions used in. Here we help you understand the sea freight meaning for expressions such as fca incoterms, cfr incoterms, dap incoterms etc. The survivor acquires the assets and liabilities of the rest. Army corps of engineers wetland delineation manual as the sum total of macrophytic plant life that occurs in areas where the frequency and duration of inundation or soil saturation produce permanently or periodically saturated soils of sufficient duration to exert a controlling influence on the plant species present. Msc is a world leader in global container shipping, dedicated to providing efficient transport solutions. Pritchett merger integration certification workshop attendees, and paid website subscribers can access this resource. Shipping terms and definitions arcbest corporation. Shipping terms and definitions subject learn more about common shipping terms and acronyms, including definitions and service descriptions for frequently used transportation and logistics language. This is the assembly of pieces of cargo, secured into one manageable unit.
Over 18000 financial and investing definitions, with links between related terms. The merger agreement terms and conditions are signed and submitted to the administrator, kansas department of credit unions for preliminary approval. Disclaimer this information is disseminated under the sponsorship of the u. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. When both companies agree to the terms of the acquisition, it is referred to as a friendly. This website uses cookies so that we can provide you with the best user experience possible. A term indicating that a shippers agent or representative is not empowered to make definite decisions or adjustment without the approval of the group or individual represented. This comprehensive dictionary contains concise definitions of maritime terms and phrases, including those used in liner, tramp and bulk shipping. A freight forwarder frequently consolidates shipments from several shippers and coordinates booking reservations. A small misunderstanding with the shipping terms could lead to disputes over who was meant to pay for the overseas freight, insurance or other costs involved in the shipment of goods.
Browse the list of 10 707 shipping acronyms and abbreviations with their meanings and definitions. They can also access all the presentations, playbooks, books, articles, checklists, software, assessments, webinars, research, tools, and templates on. Affiliate a company that controls, or is controlled by another company, or is one of two or more commonly controlled companies. Shipping has many hundreds of terms and phrases whose meaning is not always obvious, even for experienced practitioners. Export import shipping glossary of international trade. If you are new to shipping terms contracts you may be unaware of the different trading practices in their respective countries. Merger definition is the absorption of an estate, a contract, or an interest in another, of a minor offense in a greater, or of a cause of action into a judgment.
Merger clause law and legal definition a merger clause is a provision in a contract that declares it to be the complete and final agreement between the parties. Weve explained a few of the more common ones, but get in touch if there are any we dont have listed. Electronic communication of pdf based gatepass and ooc copy of bill of entry to custom. It serves as a document of title, a contract of carriage and a receipt for goods. Accessorial charges also called assessorials any additional services required outside of the standard shipping procedure require additional fees from the carrier called accessorials. Merger clause law and legal definition uslegal, inc. List of all most popular abbreviated shipping terms defined. Investorwords the most comprehensive investing glossary on the web. Fulltruckload, also known as truckload tl, typically signifies that there is enough freight to fill a trailer. Key mergers and acquisitions terms that you should know. This is a very flexible description, a rule of thumb is to. A marsh differs from a swamp in that it is dominated by rushes, reeds, cattails, and sedges, with few if any woody plants, and differs from a bog in having soil rather than peat as its base. Once an items has been added to the shopping cart the shipping and tax estimator box will appear.
Fob shipping terms freight terms customer takes title of goods customer responsibilities vendor responsibilities fob point of origin, freight collect at point of origin or factory pays freight bears freight owns goods in transit must file claims for loss, damage or overcharges fob point of origin, freight prepaid and allowed at point of origin. Air brake the air brake system on tractors is operated by air and consists of air lines, valves, tanks, and an air compressor. Department of transportation in the interest of information exchange. Lessthancontainerload indicates that multiple shipments are combined into one container. An application that expedites the clearance of cargo for the subsequent release of containers. Glossary of terms customs broker a person or firm, licensed to engage in entering and clearing goods through customs andor the government office customhouse where duties andor tolls are placed on imports or exports. Lessthantruckload is a shipment of freight in a quantity that typically does not. In particular, he is not responsible for loading the goods in a vehicle apply only at the point of origin, and the seller agrees to place the goods at the disposal of the. In a merger or acquisition, the difference between the purchase price and the reacquisition value of the target firm or company. These and other sea freight terms are explained in our guide. Merge definition is to cause to combine, unite, or coalesce.
It is a term of trading in which the buyer of the goods pays an amount which covers the cost of the goods plus the cost of transporting the goods from origin to the port of discharge or final destination. An ecosystem of more or less continuously waterlogged soil dominated by emersed herbaceous plants but without a surface accumulation of peat. Incoterms glossary exw ex works exw ex works means that the sellers only responsibility is to make the goods available at his premises that is, works or factory. What are the most common freight shipping terms and. Use our easy to understand shipping terms definitions in our glossary. Freight forwarder a person whose business is to act as an agent on behalf of a shipper. Port charge relating to a vessel moored at approved anchorage site in a harbor. The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business. Affiliate means any business entity that, from time to time, directly or indirectly controls, is controlled by, or is under common control with thomson reuters corporation or that is a successor including, without limitation, by change of name, dissolution, merger, consolidation, reorganization, sale, or. Merger is the fusion of two or more companies or merger is a combination of two or more companies into a single company where, it survives and others lose their corporate identity. Bl requiring updates that do not change financial status. The duties of a broker include preparing the entry blank and filing.
Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. Search our shipping dictionary below for definitions to the most commonly used terms in the freight industry. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. A hostile takeover is the term for when a company is bought by another without its consent, usually when the buying company purchases a majority amount of its shares to get a controlling stake. A document that establishes the terms of a contract between a shipper and a transportation company. Bill of lading a document signed by the carrier which acts as a receipt and evidence of title to the cargo.
The term applied by australian customs to the computer. The merging and continuing credit union boards of directors develop and agree to the merger agreement terms and conditions. Oct 18, 2018 for a more in depth look into the most common freight shipping terms and definitions, check out our freight shipping terminology page. A system available to brokers with the computer capabilities and customs certification to transmit and exchange customs entries and other. Mergers come into play in the world of business for two very different reasons. A merger is the voluntary fusion of two companies on broadly equal terms into one new legal entity. The firms that agree to merge are roughly equal in terms of size, customers, scale of operations, etc. The first is when youve decided it makes sense to join forces with another company to reap the rewards that come. Shipping terms latest shipping terms for international. Free trade zone ftz an area or zone set aside at or near a port or airport, under the control of the u. The terms and conditions of the contract may well be different to the terms and conditions contained on the shipping companys bl, which can in extraordinary circumstances lead to legal complications should a dispute arise.
Mergers definition entrepreneur small business encyclopedia. This sixth edition contains new terms and phrases which cover. For this reason, the term merger of equals is sometimes used. Such a provision in a contract is treated as proof that no varied or additional conditions exist with respect to the performance of the contract except those that are in the writing. Glossary of export import shipping terms international trade terms like export terms and import terms or exim terms. A bill of lading issued by a freight forwarder acting as a carrier. The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. Provisions in a contract of sale governing the shipping costs, insurance, mode, packaging requirements, and transfer of liability. Shipping glossary shipping and freight forwarding terms and acronyms can be a real minefield. Merger the joining of two or more shipowning companies. Acquisition definition what does acquisition mean ig uk. Access holes holes cut in ships structure to permit entering or leaving various compartments.
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