EAN
→ European Article Numbering Association
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
Phenomenon
which encourages the production of larger volumes of a commodity to
reduce its unit cost by distributing fixed costs over a greater
quantity.
ECT
Europe Combined Terminals (Rotterdam).
EDI
→ Electronic Data Interchange
EDIFACT
→ Electronic Data Interchange for Administration, Commerce and Transport
EDP
→ Electronic Data Processing
EDR
→ Equipment Damage Report
Eight Freedoms (Air)
Freedom 1: The right to fly and carry traffic over the territory of the grantor state.
Freedom
2: The right to fly and carry traffic over the grantor state and to
make one or more stops for non-traffic purposes (e.g. refueling).
Freedom 3: The right to fly into the territory of the grantor state and set down traffic from the state of the carrier.
Freedom 4: The right to fly into the territory of the grantor state and take on traffic for the state of the carrier.
Freedom 5: The right to fly into the territory of the grantor state and take on or set down traffic to or from third states.
Freedom
6: The right to fly into the territory of the grantor state and take on
or set down traffic for the carrier’s state. Such traffic being carried
to a third state on a different service.
Freedom 7: The right for a
flag-carrier operating entirely outside the territory of this own state
to take on or set down traffic in the grantor state for carriage to or
from a third state.
Freedom 8: The right of a carrier of another
state to take (cabotage) on or set down traffic from one point in the
territory of the grantor state to another point within the same state.
→ Five Freedoms (Air)
EIR
→ Equipment Interchange Receipt
Electronic Data Interchange
Abbreviation:
EDI. 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 Interchange for Administration, Commerce and Transport
Abbreviation:
EDIFACT. 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 Data Processing
Abbreviation: EDP. Computerized handling of information (e.g. business data).
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.
Eligible Acceptance
Draft which meets requirements for discounting at a Federal Reserve Bank.
Embargo
- 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.
Endorsement
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.
→ Negotiable
Enhanced Remote Transit Shed
Abbreviation:
ERTS. Term used in the UK: Warehouse where agents can transfer incoming
groupage/consolidations for customs clearance purposes.
Equipment Damage Report
Abbreviation: EDR. Written statement concerning damage to equipment, based on a physical inspection.
Equipment Interchange Receipt
Abbreviation: EIR. Physical inspection and transfer receipt.
ERTS Facility
→ Enhanced Remote Transit Shed
Estimated Time of Arrival
Abbreviation: ETA. Expected date and time of arrival in a certain (air)port.
Synonym: Expected Time of Arrival
Estimated Time of Departure
Abbreviation: ETD. Expected date and time when a certain (air)port is left.
Synonym: Expected Time of Departure
ETA
→ Estimated Time of Arrival
ETD
→ Estimated Time of Departure
European Article Numbering Association
Abbreviation:
EAN. International body responsible for administering the European
Article Numbering system. It has affiliates in many countries such as:
CCG in 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-sized pallets (the so-called Europallets)
in European cargo traffic, formed in 1961 by a number of European rail
administrators.
European Zone Charge
Abbreviation: EZC. Charge for inland haulage transport in case of carrier haulage in Europe.
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 (e.g., at the
seller’s factory or a dock at the import point). In practice, this kind
of quotation indicates that the seller agrees to place the goods at the
disposal of the buyer at the specified place within a fixed period of
time.
→ Incoterms
Ex Dock
Seller
owns goods until they are unloaded on dock at port of discharge;
selling price includes all costs so far plus cost of unloading from
vessel.
→ Incoterms
Ex Factory
Seller owns goods until they are picked up at their factory; selling price is the cost of the goods.
→ Incoterms
Ex Quay
Ex
Quay means that the seller makes the goods available to the buyer on
the quay (wharf) at the place named in the sales contract. The seller
has to bear the full cost and risk involved in bringing the goods
there. There are two “Ex Quay” contracts in use: a) Ex Quay “duty paid”
and b) Ex Quay “duties on buyer’s account” in which the liability to
clear goods for import is to be met by the buyer instead of by the
seller.
→ Incoterms
Ex Works (... Named Place)
Abbreviation: EXW. Incoterm
→ Incoterms
Exceptions Clause
→ Exemption Clause
Excess Stock
That portion of stock on hand which is over and above the desired stock level.
→ Cycle Stock
Exchange Permit
Government permit required to convert local currency into foreign (hard) money for transfer abroad.
Exchange Rate
Price of one currency in terms of another.
→ Currency Adjustment Factor
Execution
Actual act of carrying out a task.
Exemption Clause
Clause in a contract, which relieves the contractor’s responsibility for mentioned events.
Synonym: → Exceptions Clause
Expendable Pallet
→ Disposable Pallet → One-Way Pallet
Expiration
Termination of a certain period.
Export
Sending goods to another country or countries. The sale of products to clients abroad.
Export Broker
Individual
or company that brings together buyers and sellers for a fee but does
not take part as principal in actual sales transactions.
Export Commission House
Organization which, for a commission, acts as a purchasing agent for a foreign buyer.
Export Declaration
Form indicating the value, weight, destination, and other basic information about an export shipment.
Export License
Government document that permits the licensee to export designated goods.
→ General Export License → Individually Validated Export License
Export Packer
Company that packs goods for export.
Exporter
Party responsible for the export of goods.
Extract
Summary or copy of something written, e.g. used in connection with the log book.
EXW
Incoterm for “Ex Works“.
→ Incoterms
EZC
→ European Zone Charge |
