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Agent

Maritime TermsMaritime Terms
1. A person or organization authorized to act for or on behalf of another person or organization.
2. In shipping, an agent is a corporate body with which YCS has an agreement to perform particular functions on behalf of YCS at an agreed payment. An agent is either a part of the YCS organization or an independent body.

The following functions and responsibilities may apply to the activities of an agent.
1. Sales - Marketing, acquisition of cargo, issuing quotations, concluding contracts in coordination with YCS. Basically the agent is the first point of entry into the organization for a shipper.
2. Bookings - Booking of cargo in accordance with allotments assigned to the agent for a certain voyage by YCS.
3. Documentation - Responsible for timeliness and correctness of all documentation required, regarding the carriage of cargo.
4. Handling - Taking care of all procedures connected with physical handling of cargo.
5. Equipment control - Managing of all equipment stock in a particular area.
6. Issuing - Authorized to sign and issue Bills of Lading and other transport documents.
7. Collecting - Authorized to collect freight and charges on behalf of YCS.
8. Delivery - The agent who releases the cargo and is responsible for its delivery to the consignee.
9. Handling of cargo claims - Handling of cargo claims as per agency contract.
10. Husbanding - Handling non cargo related operations of a vessel as instructed by the master, owner or charterer.
 
A person authorized to transact business for and in the name of another person or company. Types of agent are:
(1) brokers,
(2) commission merchants,
(3) resident buyers,
(4) sales agents,
5) manufacturer's representatives.

 

Maritime Terms INDEX:


List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

A: Page 1 of 36.

A
A board
A ground
A head
A hull
A long sea
A main
A midships
A peek


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