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A connecting carrier agreement is a contract between the originating carrier and a second party, where the second party agrees to carry goods to a nal destination on a through Billof Lading.



Related Terms

AGREED WEIGHT

The weight prescribed by agreement between carrier and shipper for goods shipped in certain packages or in a certain number.

O.B.O. SHIP

A multipurpose ship that can carry Ore, heavy dry Bulk goods or Oil. They can make return journeys with cargo rather than empty as single-purpose ships often must.

NON-VESSEL OPERATING COMMON CARRIER

(NVOCC) - a party who undertakes to carry goods and issues in his own name a Bill of Lading for such carriage, without having the availability of any own means of transport. This is accomplished usually by chartering blocks of space on other carrier's ships and then selling that space as would an vessel operating carrier.

CONSULAR DECLARATION

A formal statement describing goods to be shipped; filed.with and approved by the consul of the country of destination prior to shipment.

CLEAN BILL OF LADING

A receipt for goods issued by a carrier with an indication that the goods were received in 'apparent good order and condition,' without damage or other irregularities.If no notation or exception is made, the B/L is assumed to be 'cleaned.'

NEGOTIABLE B/L

The B/L is a title document to the goods, issued 'to the order of' a party, usually the shipper, whose endorsement is required to effect is negotiation. Thus, a shipper's order (negotiable) B/L can be bought, sold, or traded while goods are in transit and is commonly used for letterofcredit transactions. The buyer must submit the original B/L to the carrier in order to take possession of the goods.

BILL OF LADING

A document by which the Master of a ship acknowledges having received in good order and condition (or the reverse) certain specified goods consigned to him by some particular shipper, and binds himself to deliver them in similar condition, unless the perils of the sea, fire or enemies prevent him, to the consignees of the shippers at the point of destination on their paying him the stipulated freight. A bill of lading specifies the name of the master, the port and destination of the ship the goods, the consignee, and the rate of freight.

C&F TERMS OF SALE

Obsolete, although heavily used, term of sale meaning 'cargo and freight' whereby Seller pays for cost of goods and freight charges up to destination port. In July, 1990 the International Chamber of Commerce replaced C&F with CFR.

ORDER B/L

The B/L is a title document to the goods, issued 'to the order of' a party, usually the shipper, whose endorsement is required to effect is negotiation. Thus, a shipper's order (negotiable) B/L can be bought, sold, or traded while goods are in transit and is commonly used for letterofcredit transactions. The buyer must submit the original B/L to the carrier in order to take possession of the goods.

OBO SHIP

A multipurpose ship that can carry ore, dry bulk goods and oil.

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