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.
Accomplished bill of lading.The bill of lading is originally a receipt for cargo. To fulfil this purpose it is necessary for only one receipt to be issued by the party to whom the cargo has been entrusted for carriage.
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.
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.
Antitrust laws. When the liner conference system became formalised in the 19th century, one of the main functions was that freight rates on an agreed route would be fixed between the members to the conference.
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.
Anticorrosive paint. This is a special type of rust-preventing primer on a bituminous base. It is used as a primer for vessel’s bottom paints in dry-dock. It has two functions: to prevent corrosion and to bind old anti-fouling that has become porous because the antitoxins or poisons have escaped.