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Shipping Glossary
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Shipping Glossary
Joint OwnershipSpecial 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 RateA 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 VentureCombination of one or more companies which mostly carry out business under one company name and pursue a mutual objective |
JOPJOINT OPERATION CHARGE |
JSAJapanese Shipowners' Association |
JSAJapan Shipowners' Association |
JSCJapan Shippers' Council |
JSCJapan Shippers' Council |
JUMBOOn-board derrick having a high loading capacity for the handling of heavy cargo |
Junction PointGeographic spot to which it is referred for the calculation of distances at sea. Junction points are usually obvious land marks passed by ships |
