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Shipping Glossary

Shipping Glossary

Joint Ownership

Special company type under maritime trade law. Association of several persons in order to finance a ship. Shares in the ship are issued corresponding to the assets provided by each person. The joint owners must bear the costs in accordance with the share they hold and participate in the profit and loss of the association. Their personal liability extends to all their assets; they are entitled to the management. As a rule they agree that one owner acting as an agent is entrusted with the management

Joint Rate

A rate applicable from a point on one transportation line to a point on another line, made by agreement and published in a single tariff by all transportation lines over which the rate applies

Joint Venture

Combination of one or more companies which mostly carry out business under one company name and pursue a mutual objective

JOP

JOINT OPERATION CHARGE

JSA

Japanese Shipowners' Association

JSA

Japan Shipowners' Association

JSC

Japan Shippers' Council

JSC

Japan Shippers' Council

JUMBO

On-board derrick having a high loading capacity for the handling of heavy cargo

Junction Point

Geographic spot to which it is referred for the calculation of distances at sea. Junction points are usually obvious land marks passed by ships

오시는 길

서울특별시 강서구 마곡중앙 8로 78(마곡동, SM R&D 센터) 5, 6층
지하철 5호선 발산역 1, 9번 출구