Carrier:
The shipping company, airline,
or freight forwarder who issues
the transit document. Identifying
the carrier can be a difficult
process, as many parties who look
like carriers in fact play other
roles, eg customs agents. Freight
forwarders are sometimes carriers,
but sometimes they just act as
agents for other carriers such
as shipping companies.
Claused
delivery receipt / Delivery docket:
When the party receiving the goods
notes loss or damage on the freight
company's consignment note or
docket. Claused delivery receipts
are very useful for insurers as
they prove that the damage occurred
during transit rather than after
delivery, and they assist greatly
with recovery against the carrier.
Consignee:
The party receiving the
goods, the buyer
Consignment
note: For sendings within
New Zealand, the document issued
by the trucking/freight company
which contains the details of
the transit and has the carrier's
terms and conditions on the reverse.
Consignor:
The party sending the goods, the
seller.
Depreciation:
An allowance for 'wear and tear'.
A key concept in all insurance
is indemnity, putting you back
into the position you were prior
to the loss. Unless you have a
'new for old' provision in your
policy, insurers will not pay
you the new purchase price of
an 'old' item.
Freight
forwarder: Companies which
specialise in arranging the movement
of freight. Freight forwarders
may or may not operate their own
vessels/airplanes, and they may
or not be carriers.
General
Average: A time honoured
principle of marine insurance
which applies when a ship has
to sacrifice cargo in order to
save other cargo, eg jettisoning
containers in heavy weather so
the vessel does not sink, or wetting
other cargo to prevent a fire
from spreading. In those circumstances,
all parties with a financial interest
in the adventure must contribute
to the loss. What this means in
practice is that your cargo may
be undamaged but you may still
be required to contribute to the
loss of others. General Average
costs are covered by marine insurance.
Hague-Visby
Rules: An international
convention that applies to sea
freight consignments moving from
one country to another. The Hague-Visby
Rules govern, amongst other things,
the rights and liabilities of
the carrier.
HGPE:
Household Goods and Personal Effects.
A person or persons' own goods
moving from one place to another,
as distinguished from commercial
cargo which (generally speaking)
is moving from a seller in one
country to a buyer in another
country.
INCO
terms: A uniform set of
rules formulated by the International
Chamber of Commerce which set
out the obligations of buyers
and sellers in international transactions.
The INCO terms dictate who (buyer
or seller) is responsible to arrange
insurance on the goods, which
party has to pay for what, and
when risk transfers from seller
to buyer. Common INCO terms are
CIF, FOB, and ExWorks.
Insured:
The party who has taken out the
insurance and is named in the
certificate of insurance. This
includes the consignee if they
have purchased insurance as part
of the goods.
Insurer/underwriter:
The party who has issued the certificate
of insurance, who has taken ('written')
the risk, and who has paid the
claim. TranSol are agents for
several insurers but we are not
insurers ourselves.
NZ
Carriage of Goods Act (1979):
New Zealand legislation governing
the rights and liabilities of
carriers for sendings of goods
within New Zealand.
Pro forma
claim: The initial written
notification to the carrier of
loss or damage. The various regimes
applying to sea freight, air freight,
and local carriage all contain
time limitations within which
to lodge a pro forma claim:
Dictionary
-
Dictionary
of Cargo Claim Terms -
