The Latin American Integration Association (ALADI) is a regional organization created with the objective of promoting economic integration and the development of countries in Latin America and the Caribbean. Founded…
The term “blank sailing” in navigation refers to a practice adopted by maritime shipping companies, especially in container shipping operations, where a specific ship scheduled for a particular voyage fails…
A bulk carrier, also known as a bulk cargo ship, is a specific type of vessel designed to transport large quantities of dry bulk cargo. This dry bulk cargo can…
Bulk cargo is a term used in logistics and transportation to describe a type of commodity that is handled and transported without the need for individual packaging. Instead, bulk materials…
A Turning Basin, often referred to simply as a “turning area” or “turning circle,” is a vital element of maritime infrastructure that plays a pivotal role in the safe navigation…
In the maritime transportation context, a shipowner or ship operator (“armador” in Portuguese) is an entity or company responsible for the operation and management of merchant ships and commercial vessels.…
A customs bonded warehouse is an essential facility in international trade and plays a crucial role in the efficient management of goods entering and leaving a country. This type of…
A country’s Trade Balance is the difference between exports and imports in a given period (such as a month, quarter, or year). It is usually expressed in terms of value,…
A Non-Vessel-Operating Common Carrier, mostly known as NVOCC, is a classification of OTIs that transport goods without owning any ships. Typically, NVOCCs transport small volumes of cargo that are grouped…
A AFRMM – acronym for Brazil’s “Additional Freight Rate for the Renovation of the Merchant Fleet.” It is an addition to the freight rate charged by Brazilian and foreign shipping…