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| Definition Of: |
Agent
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.
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Maritime Terms INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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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.
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