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A company that produces parts and equipment that may be marketed by another manufacturer. Term used to describe modification and preparation/ translation of products to serve the needs of a specific market. A document issued by an inspection authority, indicating that goods have been inspected according to certain regulatory, customer or industry standards. The expansion, acquisition or merger of firms in similar industries/ segments. Charge for cargo which is too heavy to be lifted by standard cranes or ship’s tackle. A program providing for free/ reduced rates of duty for merchandise from beneficiary developing independent countries and territories to encourage their growth.

Within these green-belt zones, there are also large water reservoirs that are home to a variety of aquatic animals. In collaboration with local administration, a scientific approach to care and preservation of these green-belt regions is used. We conduct regular surveys as well as studies pertaining to environment and ecology of the area in and around GAIL units to ensure prevention and timely mitigation of issues. Your Company has been granted 3 Indian patents and also filed 3 provisional Indian patents applications. Partnering or joining consortia is an essential part of the innovation process to mitigate the financial risk involved in capital intensive research process.

In October 2021, sale of CBG started through Retail Outlet of M/s BGL at Hyderabad. Efforts are also on going to commence use of LNG as an automotive fuel for heavy equipment in the mining sector which can Commercially replace High-Speed Diesel . Your Company has commenced India’s first-of-its-kind project of mixing hydrogen into natural gas system at Indore, Madhya Pradesh. The hydrogen blended natural gas is being supplied to M/s Aavantika Gas Limited in Indore.

COD happens when a shipment has been received and gated-in at origin port of loading but prior to arrival at final port of discharge. Surcharge assessed by carrier which is applied to freight rates to supplement an unexpected rise in fuel costs. Goods stored under Customs bond until the import duties are paid or the goods are re-exported.

Warehousing and Distribution

Later the abbreviation began to be written as A.B., leading to the folk-etymological able-bodied seaman. The correct term, able seaman, remains in use in legal documents, in seaman’s papers, and aboard ship. Your Company has been continuously taking initiatives to safeguard the environment and biodiversity along with its diverse business segment. All major installations of your Company carry out extensive afforestation in their respective sites and maintain the requisite area as Green Belt. These greenbelt regions are home to a wide range of native plants and fauna.

Indeed, there were often discrepancies observed between the declared gross mass and the actual gross mass of a packed container. The average volume of inventory on hand when a new order is received, safety stock is put in place usually to cope with demand and supply volatility and is a factor of volatility, product value, customer needs and product complexity. Our SCD teams can review inventory management practices for key customers and suggest improvements. A House Bill of Lading is issued by a Freight Forwarder (e.g. Damco). This allows the freight forwarder to procure and essentially resell the transport whilst holding cargo until payment by the customer via the Master BL/ Master Sea Waybill. A freight shipping rate of the loading goods into the ship in the logistics terms that includes the freight rate of cargo and the cost of offloading as per the customs of a port, but the loading of the cargo on the shipboard is not included in the freight rate.

The internationalization of international business, communications and culture. The trailer is loaded as full as the nature of the freight and other conditions permit, so that no more of the same type of freight can be loaded, consistent with safety and damage precautions. If in writing, it may be presented at the pier to obtain release of the cargo. Normally, once the freight is paid, freight releases are arranged without additional documentation. Is a special commercial zone often near ports/airports where foreign and domestic merchandise and materials may be brought in without the payment of duties.

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GAIL Gas Limited (a wholly-owned subsidiary of your Company) is executing and operating City Gas Distribution projects in 16 GAs, including Bengaluru. Currently, GAIL Gas has 06 Joint Venture Companies and they are implementing CGD project in 09 GAs. GAIL Gas along with its JVCs is providing DPNG to 7.79 lakh households and catering to clean fuel requirements for vehicles through its 345 CNG stations spread across various GAs. Your Company was authorized to take up CGD Projects in six cities as part of the Pradhan Mantri Urja Ganga Project namely, Varanasi, Bhubaneshwar, Cuttack, Patna, Ranchi and Jamshedpur. In addition, GAIL is also executing the CGD project in Kolkata through its Subsidiary – Bengal Gas Company Limited. Supply of gas has already commenced to CNG, PNG customers in these cities.

By most optimally locating hubs, companies can maximize transport efficiencies and access to markets. A type of cargo that includes substances capable of posing unreasonable risk to the personnel, vessel and marine environment. Such goods are classified under the IMDG code which gives detailed information about the risk and nature of the individual substances as well as guidance on special handling. An organized listing of goods and their duty rates which is primarily used by Customs as the basis for classifying imported products and therefore, establishing the applicable duties.

This, in turn, contributes towards higher skill levels, increased productivity, and greater innovation. Your Company has finalized a bilateral power purchase arrangement of 20 MW for Pata Petrochemical Complex with a leading power trading company. The power supply has commenced on Round the Clock basis from May, 2021, leading to substantial savings over the cost of procurement from the present Discom.

LNG Carrier

On the regulatory front, there have been several initiatives undertaken by the Government, Ministry of Petroleum and Natural Gas (MoP&NG), Petroleum and Natural Gas Regulatory Board , for furthering the use of gas in India and building a robust gas-based economy. Commanders are required to introduce more scientific and technological factors into training and boost their units’ ability to use high-tech hardware and methods. The order also stipulated that military authorities must conduct strict evaluation and supervision of training and also improve their management and planning. ” increase the integration of new equipment, new forces and new combat realms into training and combat systems,” the report said, quoting the Chinese president.

The aim of UNCITRAL is to harmonise and unify international trade law. It was instrumental in the preparation of the Hamburg Rules, 1978, and prepared the United Nations Convention on the Liability of Operators of Transport Terminals in International Trade, 1991. An electronic message transmitted from an agent or shipping line at the port of loading to the agent at the port of discharge . This message signifies that the shipper has surrendered the original Bill of Lading .

War Risk Insurance

The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. This segment furnishes retail electric service in 267 communities and their contiguous rural and suburban areas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating facilities. OGE Energy Corp. was founded in 1995 and is headquartered in Oklahoma City, Oklahoma. Government of India is supporting the development of gas based economy. It is expected that long-term investments of over Rs. 4 Lakh crore will be deployed across various subsectors of natural gas value chain.

It is non-negotiable if delivery is only permitted to a specified person or firm, but it is negotiable if made out to the order of a person or firm or to a bearer. Endorsement and delivery of a negotiable warehouse receipt serves to transfer the property covered by the receipt and serves to transfer the property covered by the receipt. The document that identifies goods imported when placed in a bonded warehouse. The duty is not imposed on the products when stored in the warehouse but will be collected when they are withdrawn for delivery or consumption. A trucking tariff term referring to any period of time beyond the allocated Free Time that a driver has to wait while the customer loads or unloads a container. Until the Free Time period has expired a driver can wait without the customer incurring extra expenses.

Valuable Cargo

Document issued by a certifying authority stating the country of origin. A certificate origin can be the key document in requesting a special reduced tariff rate for imports from countries listed in programs such as GSP or NAFTA . The company started in 1828 in Antwerp as Bureau de Renseignements pour les Assurances Maritimes , a classification society. Today, Bureau Veritas is one of the world’s largest global Conformity Assessment and Certification organisations.

super prime credit definitions are charged a specific rate for ocean transit regardless of their contents. A full container will thus offer a better price per unit shipped than will a LCL. A method of using multiple prediction and real time factors to determine the draft limitations on ships.

Detention is charged when imhttps://1investing.in/ containers have been picked up, but the container (regardless if it’s full or empty) is still in the possession of the consignee and has not been returned within the allotted time. LCL product containers where Damco acts as the consolidator/ co-loader on behalf of customers. Vessel Repair Entry is the law known as the “Foreign Vessel Repair Statute”. All equipment, parts or materials purchased, and repairs made outside the United States must be declared on Customs Form 226 (CF-226) and filed at the port of first arrival within 5 working days.

Extremely fast real-time streaming economic calendar updates data almost immediately after economic reports are released, covering nearly every country in the world. An Individual officer of the Income-tax Department who is entrusted with this task of assessment is called as ‘Assessing Officer ’ An AO is an income tax officer who has jurisdiction to make an assessment of a taxpayer who is liable to tax under the Act. In the event the necessary Waiting Time would be too costly, shippers may opt for a ‘drag-and-drop’ solution, whereas the trucker would drop the container and immediately leave. This option is more costly than a straight load but may be a lot cheaper than paying for Waiting Time. The term is used to communicate the value each member, contributor or participant adds to the value of the final delivered product. Established in July 1976; jointly by the six shareholding states from the Persian Gulf .

To state all 32 points of the compass, starting at north, proceeding clockwise. The phrase is sometimes applied to a wind that is constantly shifting. Money can be borrowed against a ship, or its equipment, repaid with interest upon the ship’s arrival at port, and forfeited should the ship sink. Air is pulled by a fan from the top of the container, passed through the evaporator coil for cooling and then forced through the space under the load and up through the cargo.

• It is non-negotiable if delivery is only permitted to a specified person or firm, but it is negotiable if made out to the order of a person or firm or to a bearer.
• Toward the stern; an object or vessel that is abaft another vessel or object.
• The selected individuals or teams are recognised through the CMD trophy and monetary incentives.
• Under an FCR we are only responsible for goods while they are in our custody, if goods are lost or damaged during transit, the client must file a claim against the ocean carrier.
• A short range coastal tracking system used on ships and by Vessel Traffic Services for identifying and locating vessels by electronically exchanging data with other nearby ships and VTS stations.
• This year, your Company along with its JVs and subsidiaries has achieved a record PNG connection of more than 11.50 Lakh households last year.

Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing. In this process, the AO may recompute the taxable income of the taxpayer and for this purpose. The AO has the authority to ask for books of accounts, various other supporting documents, or any other details from the taxpayer for verification.

Considering high competitiveness in Petrochemicals market and growing demand, your Company has adapted SAS Data Analytics Tool to enhance their ability to work faster, stay agile and give the organization a competitive edge over competitors. GAIL Petrochemicals business has developed Three Business Analytics Modules i.e. Margin Optimization, Price Forecasting, and Production Planning for Advanced Data Analytics. Apart from this your Company is in process of mapping Customer Journeys and improve Business Intelligence through state-of- an-art Customer 360 & Market Intelligence system. Construction work is in progress for Srikakulam -Angul Pipeline , Dhamra-Haldia Pipeline , Haridwar-Rishikesh-Dehradun Pipeline & Sultanpur-Jhajjar-Hisar pipeline to provide natural gas connectivity to cities en-route the pipeline.

Free on board indicates whether the seller or the buyer is liable for goods that are damaged or destroyed during shipping. When used with an identified physical location, the designation determines which party has responsibility for the payment of the freight charges and at what point title for the shipment passes from the seller to the buyer. Detention charges occur when the consignee holds onto the carrier’s container outside of the port, terminal, or depot beyond the free time that is allotted.

A term indicating that a shipper’s agent or representative is not empowered to make definite decisions or adjustment without the approval of the group or individual represented. A bill of adventure is a document signed by the master of the ship that carries goods at the owner’s risk. This is a Latin term meaning ‘according to value.’ Import duty applied as a percentage of the cargo’s dutiable value. Ocean Freight can be assessed based on the value of the merchandise as well. Charges that are applied to the base tariff rate or base contract rate, e.g., bunkers, container, currency or destination/delivery. The assumption that the carrier will cover extraordinary or other special charges without increasing the price to the shipper.

Refers to the side of a ship, used to describe goods delivered to port of embarkation without loading fees . An insurance provision that all loss or damage to goods is insured except any that is self-caused. Any device external to a vessel or aircraft specifically intended to assist navigators in determining their position or safe course, or to warn them of dangers or obstructions to navigation. This is the fee payable by a ship-owner or ship operator to a port agent. The carrier line appoints the port agent and defines the specific duties and areas of responsibility of that agent.

The entire ship’s company, including officers and enlisted personnel. The value of a shipment agreed upon in order to secure a specific freight shipment. Numerous shipments from different shippers delivered to one consignee, that are consolidated and treated as a single consignment. Numerous shipments from different shippers to one consignee that are consolidated and treated as a single consignment.