Glossary of Terms Abbreviations WCBM （术语表术语缩写WCBM）.pdfVIP

Glossary of Terms Abbreviations @ At Ab initio (Lat) From the beginning Abandonment: The surrender of the property, and any rights and liabilities attaching to it, by the insured to the insurers when a claim for total loss is to be made. ACA AirCargo Automation. The term applied by Australian Customs to the computer system that coordinates and controls the reporting and delivery of import aircargo in Australia. ACA Fee A charge applied by Forwarders and Consolidators in Australia to cover the costs associated with the operation of the AirCargo Automation System. Act of God: An event caused by natural forces, which arose without human intervention, and could not be provided for nor foreseen. Actual Total Loss Insurance term. An actual total loss occurs when: 1. The insured property is damaged to an extent where it is no longer recognisable as the property originally insured. 2. The assured has been irretrievably deprived of the insured property. 3. The insured property is destroyed. Ad Valorem (Lat) According to the value. ie. a percentage of the value. AFIF The Australian Federation of International Forwarders Affreightment A contract to carry goods by ship or aircraft. Contracts of Affreightment are evidenced in the form of Bills of Lading, Charter-parties, and Air Waybills. Agency Fee 1. A fee c