Freight in Transit definition

Freight in Transit means any cargo or mail which arrives at the Airport and departs in the same aircraft, where such an aircraft is operating a through flight transiting the Airport.
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Freight in Transit means amounts receivable by, or which may be receivables of, the Borrower arising from partially completed freight voyages pursuant to an Approved Charterparty which have not been invoiced and which are:
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Freight in Transit means amounts receivable by, or which may be receivables of, the Borrower arising from partially completed freight voyages pursuant to an Approved Charterparty which have not been invoiced and which are: (a) contracted pursuant to a commercially reasonable Approved Charterparty that is acceptable to the Lender; (b) net of any payables, set-off or counterclaims including in respect of bunkers; (c) in respect of an Approved Charterparty which is: (i) for an estimated voyage time of less than 120 days (calculated from the completion of cargo loading until completion of cargo discharge at the port of destination, exclusive of the ballast leg); and (ii) in relation to an Eligible Vessel that has been loaded and that has started sailing; (d) the Applied Percentage of contracted voyage lump sum freight amount or, as the case may be, if freight is not calculated in a lump sum, the estimated total freight; and (e) included by the Borrower in its most recently provided Borrowing Base Certificate.
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Examples of Freight in Transit in a sentence

  • If the freight was picked up, tasks Payment and Freight in Transit are started in parallel.

  • Issue Trackpoint Notice[more Trackpoints][else]the freight is physically deliveredCreate Acceptance Certificate Log Trackpoint Order EntryInitiate Shipment Status Inquiry Figure 6: The Freight in Transit subprocess.

  • The Freight in Transit process is performed in parallel with the Payment process and is con- cerned with tracking progress of the delivery of an order and handling client inquiries (see Figure 6).

  • C3 and C5 state that exactly one type of shipment is to be selected as Carrier’s usage in q2, if and only if at least one phase among Payment, Carrier Appointment and Freight in Transit is selected in q3, otherwise no shipment type can be chosen.

  • Multiple Instance Task In subprocess Freight in Transit, multiple instance task Log Track- point Order Entry reads all Trackpoint Notices created in task Issue Trackpoint Notice and assigns each notice to a Carrier Admin Officer who can attach a report to it.

  • For example, Logistics (box “f3”) contains the fragments for its sub-phases, i.e. Freight Ten- der (“f8”), Carrier Appointment (“f9”), Freight in Transit (“f10”) and Freight Delivered (“f11”).


More Definitions of Freight in Transit

Freight in Transit has the meaning given in Clause 6.1.3;
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Related to Freight in Transit

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Eligible Finished Goods Inventory means Eligible Inventory consisting of finished goods available for sale (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).