ADDRESS COMMISSION
A payment of vessel owners to charters. Charterers are the ones who owns the cargo and render the service of shipbroker who will then look for a proper ship for the delivery of the cargo. The total fees acquired by the charterer are deducted with the amount of the address commission as a result.
Free of address, it indicates to the non-payment of the address commission of a charter.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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