Additional War Risk Insurance (AWRI).When tankers-are fixed to carry oil cargoes from or to a place where war or hostilities are taking place, hull insurers quickly impose additional war risk premiums on ships travelling to the areas of hostilities. 

Anti-pollution clauses. These are clauses inserted in a charterparty and generally place responsibility on the shipowner to ensure that he obtains suitable insurance cover or can provide alternative security for compensation he may become liable to pay for pollution, by oil (or similar substances) and for clean-up costs. 

Authority of agents to sign. The Saudi Crown case confirmed that the agents bound the earner even if they falsified the date on the bill of lading because it was decided that the agents had the authority of the carrier to sign for cargo received even though the date was falsified.

As fast as the vessel can . . . (FAC). The laytime is a period of time that may be calculated by reference to the maximum rate at which the vessel, in full working condition, is capable of cargo operations, that is, of receiving or delivering the cargo.

Authority to sign B/Ls-General. The bill of lading (B/L) is signed by only one party representing the carrier. The person signing could be the shipowner if the owner is the carrier, but it is more likely that other persons will sign on his behalf, as the shipowner's agents.

Advance freight. As a rule the freight on cargo shipped under a charterparty is payable at destination upon delivery to consignees.

All purposes.  When laytime can be added together by the Charterer for loading and discharging operations as if one total time is specified to cover both operations, this is "reversible laytime" and is referred to as the number of days. far all purposes In a laytime calculation based on reversible laytime a specific clause must the charterer the option and the charterer must exercise the option after declaring that he is doing so. 

Agency fee. The agency fee is the remuneration for the agents who have attended to the ship's business during its stay at their port. 

ANERA. This is the acronym given to an organisation of ship operating and owning companies that operate liner services between Asia and North America.

Always accessible. The charterers can send the ship to ports in which the ship can be reached for the purpose of handling cargo or carrying out any other activity with the shore and as required by the Charterer.

Subcategories

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