Glossary

Whether In Berth or Not.

A freight booking made by a shipper or freight forwarder to reserve space but not actually having a specific cargo at the time the booking is made. Carriers often overbook a vessel by…

A phrase preceding the signature of a drawer or endorser of a negotiable instrument; signifies that the instrument is passed onto subsequent holders without any liability to the endorser in the event of…

Abbreviation for “With Particular Average.”

Weather Working Days.

A classification, storage or switching area.

Established the standard basis for adjusting general average and stated the rules for adjusting claims.

Time based on Greenwich Mean Time.