Acceptance Draft
payable at a fixed or determinable future date, upon the face of which the drawee has acknowledged in writing his/her obligation to pay at maturity.
Account Party
The party instructing the bank to open a letter of credit and on whose behalf the bank agrees to make payment. In most cases, the account party is the importer/buyer, and is also known as the applicant. Continue reading
Abusive Draw
Drawing on a standby letter of credit when no violation of the underlying contract has occurred.
Acceptance
Acceptance constitutes an unconditional obligation on the part of the accepting party to pay the draft at maturity. A draft accepted by a bank is called a “banker’s acceptance” whereas one accepted by a company is called a “trade acceptance.”
Account Party
Party for whom a letter of credit is opened. “Account party” and “applicant” are the same, but sometimes one party will agree with the issuing bank to make all payments under a letter of credit showing the name of another party (as in the case of affiliated companies). Banks may refer to one of these parties as the applicant and the other as the account party. Continue reading
| Type of Container |
Internal Dimension (mm) |
Door Opening (mm) |
Capacity (cu.m.) |
Max Pay Load (Kgs) |
Container Tare (Kgs) |
Max Gross Weight (Kgs) |
| 20 foot Dry Container |
L: 5,900 W: 2,345 H: 2,380 |
W: 2,345 H: 2,380 |
32.8 | 21,750 | 2,250 | 24,000 |
| 20 foot Heavy Tested Dry Container |
L: 5,900 W: 2,345 H: 2,380 |
W: 2,345 H: 2,380 |
32.8 | 28,000 | 2,400 | 30,400 |
| 40 foot Dry Container |
L: 12,000 W: 2,348 H: 2,380 |
W: 2,338 H: 2,277 |
67.1 | 26,660 | 3,680 | 30,480 |
| 40 foot High Cube Steel Dry Container |
L: 12,000 W: 2,348 H: 2,690 |
W: 2,338 H: 2,577 |
75.8 | 26,280 | 4,000 | 30,280 |
| 20 foot Open Top Container |
L: 5,900 W: 2,346 H: 2,330 |
W: 2,338 H: 2,277 |
32.0 | 18,120 | 2,200 | 20,320 |
| 40 foot Open Top Container |
L: 12,037 W: 2,345 H: 2,330 |
W: 2,338 H: 2,277 |
65.5 | 26,380 | 4,100 | 30,480 |
| 20 foot Steel Reefer Container (integral type) |
L: 5,504 W: 2,290 H: 2,263 |
W: 2,290 H: 2,239 |
28.5 | 27,440 | 3,040 | 30,480 |
| 40 foot High Cube Steel Reefer Container |
L: 11,573 W: 2,290 H: 2,544 |
W: 2,290 H: 2,509 |
67.4 | 26,080 | 4,400 | 30,480 |
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