Loading and unloading costs, bunkers, stores and crew costs are all fixed costs.

The UCP600 published by the International Chamber of Commerce came intoforce on January 1st, 2007.

Time chartering means that the charterer hires the vessel for a period of time without crew.

ICC (C) does not cover risks of war, strike, but covers loss of or damage to cargocaused by earthquake or sinking.

General average and salvage charges are covered both in FPA and WPA coverage.

Insurance contract is essentially a contract between the carrier and the insured forcargo insurance.

The figure like 1/10/2007 in British English will be understood as January 10,2007.

In air cargo transport, each consignment is identified by the AWB number.

Procurement is concerned with purchasing and arranging outbound movement ofmaterials, parts, and/or finished inventory from suppliers to customers.

Usually, an Air Waybill is non-negotiable, that is, the goods must be sent to theconsignee titled in the Air Waybill.