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ACS/ABI/AMS
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Automated Commercial System/Automated Broker Interface/Automated Manifest System. U.S. Customs programs to automate the flow of customs-related information among customs brokers, importers, and carriers.
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Acct.
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Account
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ACS
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American Consolidation Services
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Account Party
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The purchasing party, the importer, the buyer in any transaction. Also known as accountee.
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Ad Valorem
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According to value
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Advice, Letter of
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This document is sent by one businessperson to another to whom he/she has sent a shipment, on consignment or otherwise. It involves a description of the goods sent, the carrier or other means of transportation used, the date of departure, and all other relevant data. (Bankers use the term letter of advice when notifying interested parties of such actions as the opening of credits, the drawing of drafts and the payment or nonpayment of drafts.)
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Advise of shipment
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A notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is usually enclosed and sometimes, if desired, a copy of the bill of lading.
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Air cargo agent
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An agent appointed by an airline to solicit and process international airfreight shipments.
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Air Waybill
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The air waybill (also called air consignment note) is the forwarding agreement or carrying agreement between shipper and air carrier, and is obtained from the airline used to ship goods. Air waybills are issued only in nonnegotiable form.
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Allocate
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To distribute, assign, or allot.
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All Water (A.W.)
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Exclusively by water.
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Ambiguous
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Susceptible to several interpretations.
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Amendment
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A written notice of a change in the terms of a letter of credit. The change becomes an integral part of the original letter of credit.
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Any-Quantity (A.Q.)
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Usually refers to a rating that applies to an article regardless of weight (i.e., in any quantity).
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APL
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APL Limited (formerly American President Lines, Ltd.)
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Appraisement
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Determination of the dutiable value of imported merchandise by a customs official who follows procedures outlined in their country's tariff, such as the U.S. Tariff Act of 1930, as amended.
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Arbitrary
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A stated amount over a fixed rate to one point to make a rate to another point.
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Arrival notice
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A notice from the ocean carrier to the "notify party," indicating the vessel's estimated arrival date; identifying shipment details such as number of packages, weight, and container number; and indicating when free time expires. Often includes a freight invoice.
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