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E
Econometric Models
A system of simultaneous equations for forecasting, based on mutual
dependency among the variables used.
Economic Speed
That speed of a means of transport which produces the best possible
financial result for the owner. Such speed should not be in excess of the
maximum or minimum output allowed for the engine(s).
Economy of Scale
A phenomenon which encourages the production of larger volumes of a
commodity to reduce its unit cost by distributing fixed costs over a greater
quantity.
Edge Protector
An angle piece fitted over the edge of boxes, crates, bundles and other
packages to prevent the pressure from metal bands or other types from cutting
into the package.
EDI For Administration, Commerce and Transport
Abbreviation: UN/EDIFACT
The ISO application level syntax rules for the structuring of user
data and of the associated service data in the interchange of messages
in an open environment.
Electronic Business
The process of transacting business electronically. This includes the
sharing of unstructured of structured business information by any electronic
means among suppliers, customers, governmental bodies, service providers
and other parties in order to conduct and execute transactions in business,
administrative and other activities.
Electronic Data Interchange
Abbreviation: EDI
The transfer of structured data, by agreed standards from applications
on the computer of one party to the applications on the computer of another
party by electronic means.
Electronic Data Processing
Abbreviation: EDP
The computerised handling of information (e.g. business data).
Elevating
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A charge for services performed in connection with floating elevators.
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Charges assessed for the handling of grain through grain elevators.
Elevator
Equipment used to discharge some bulk cargoes such as grain which is
removed from the hold by a continuous line of buckets or by suction and
carried on a conveyor belt to store.
Email (Electronic mail)
The sending of unstructured messages through the use of computer systems
from one person to others.
Embargo
1. A government order prohibiting the entry or departure of commercial
vessels or goods at its ports.
2. The refusal by a carrier, for a limited period, to accept for transport
over any route or segment thereof, and to or from any area or point, of
a connecting carrier, any commodity, type of class of cargo duly tendered
(air cargo).
Emergency Medical Service
Abbreviation: EMS
Medical procedures in case of emergencies on board of vessels.
Eminent Domain
The sovereign power to take property for a necessary public use, with
reasonable compensation.
Empty Repo
Contraction for Empty Repositioning. The movement of empty containers.
Encryption
A method of converting information into a form which can be transmitted
over insecure channels such as phone lines so that confidentiality is preserved.
Endorsement
The transfer of the right to obtain delivery of the goods of the carrier
by means of the consignee's signature on the reverse side of a bill of
lading. If the name of the new consignee (transferee) is not stated, the
endorsement is an open one which means that every holder of the document
is entitled to obtain delivery of the goods.
Enquiry
Document issued by a party interested in the purchase of goods specified
therein and indicating particular, desirable conditions regarding delivery
terms, etc, addressed to a prospective supplier with a view to obtaining
an offer.
Ensign
1.Flag declaring a ship's country of registry.
2.Commissioned officer, lowest rank.
Enterprise
An Organisation created to provide products and/or services to customers.
Entity
A tangible or abstract thing of relevance to business about which data
may be kept. Example: Customer, Order
Entreport:
A place of transhipment.
Entry
Customs documents required to clear an import shipment for entry into
the general commerce of a country.
Equalization
A monetary allowance to the customer for picking up or delivering at
a point other than the destination shown on the bill of lading. This provision
is covered by tariff publication.
Equipment
Material resources necessary to facilitate the transport and handling
of cargo. Transport equipment does under the given circumstances not have
the ability to move by its own propulsion (e.g. sea container, trailer,
unit load device, pallet).
Equipment Damage Report
Abbreviation: EDR
Written statement concerning damage to equipment, based on a physical
inspection.
Equipment Interchange Receipt
Abbreviation: EIR
A document transferring a container from one carrier to another, or
to/from a terminal.
1. Estimated Time of Availability. That time when a tractor/partner
carrier is available for dispatch.
2. Estimated time of arrival.
Estimated Time of Arrival
Abbreviation: ETA
The expected date and time of arrival in a certain (air)port.
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Estimated Time of Availability. That time when a tractor/partner carrier
is available for dispatch.
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Estimated time of arrival. The expected date and time of arrival in a certain
(air)port.
Estimated Time of Departure
Abbreviation: ETD
The expected date and time when a certain (air)port is left.
Ethylene
A gas produced by many fruits and vegetables that accelerates the ripening
and aging processes.
European Article Numbering Association
Abbreviation: EAN
An international body responsible for administering the European Article
Numbering system.
It has affiliates in many countries such as: CCG in West Germany, DCC
in Japan, ANA in the United Kingdom.
Note: The North American body responsible for the Uniform Product Code
(UPC) coding is the Uniform Code Council. (UPC is considered a subset of
EAN).
European Pallet Pool
Pool for the exchange of standard size pallets (the so-called Europallets)
in European cargo traffic, formed in 1961 by a number of European rail
administrators.
European Economic Community.
Abbreviation: EEC
European Zone Charge
Abbreviation: EZC
A charge for inland haulage transport in case of carrier haulage in
Europe.
Even Keel
Said of a vessel which is balanced in such a way that the draft forward
and aft is the same as the draft in the midship of the vessel on both sides.
Event
An occurrence.
Evidence
Something which supports a claim or hypothesis.
Ex - "From"
When used in pricing terms such as "Ex Factory" or "Ex Dock," it signifies
that the price quoted applies only at the point of origin indicated.
Ex-Works (...named place)
Abbreviation: EXW
See Inco Terms
Excalator Clause:
A clause in a builder's risk policy allowing the insured value to increase
as the construction proceeds.
Exceptions Clause
Notations made when the cargo is received at the carrier's terminal
or loaded aboard a vessel. They show any irregularities in packaging or
actual or suspected damage to the cargo. Exceptions are then noted on the
bill of lading.
See Exemption Clause
Excess
1). Going over the prescribed amount or degree e.g. excess luggage
is luggage of which the weight is over the weight for free carriage.
2). An amount that is deducted from a partial loss before the claim
is applied to the policy.(marine insurance)
Excess Stock
That portion of stock on hand which is over and above the desired stock
level.
Excess Value Insurance:
A policy effected to cover the shipowner's liabilities attaching to
the difference between the insured value and the contributory value where
the latter is higher than the former. Without this such excess liabilities
would be uninsured.
Exchange Rate
The rate at which one currency can be exchanged for another, usually
expressed as the value of the one in terms of the other.
Execution
The actual act of carrying out a task.
Exemption Clause
A clause in a contract, which relieves the carrier's responsibility
for certain events.
EXIM Bank
Export-Import Bank of the United States. An independent U.S. Government
Agency which facilitates exports of U.S. goods by providing loan guarantees
and insurance for repayment of bank-provided export credit.
Expected
Likely to occur or appear.
Expediting
The 'rushing' or 'chasing' of production or purchase orders which are
needed in less than the normal lead time.
Expendable Pallet
See Disposable Pallet
Expenses
Costs paid out in connection with booking of cargo and arranging transport
(e.g. commission).
Expiration
See Expiry Date
Expiry Date
Issued in connection with documents such as letters of credit, tariffs
etc. to advise that stated provisions will expire at a certain time.
Export
The process of carrying or sending goods to another country or countries,
especially for purposes of use or sale in the country of destination. The
sale of products to clients abroad.
Export Declaration
A government document declaring designated goods to be shipped out
of the country.
Export License
A government document which permits the "Licensee" to engage in the
export of designated goods to certain destinations.
Export Packer
Company, packing goods for export.
Export Rate
A rate published on traffic moving from an interior point to a port
for transshipment to a foreign country.
Exporter
The party responsible for the export of goods.
Extended Protest:
Detailed statement made by the master of a vessel concerning an accident
which has become the subject of a court case.
Extract
Summary or copy of something written, e.g. used in connection with
the log book.
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