Apparent damage

This statement in a bill of lading or other transport document is the opposite to “apparent good order an condition”.

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Apparent good order and condition

A stated or implied agreement from a carrier, a carrier´s agent, or other bailee that the referenced goods were free of obvious damage or shortage at time they were handed over transportation. The resulting transport document or warehouse receipt will…

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Applicant

The party applying for the issuance of a letter of credit. It is also called the account party.

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Application

In a letter of credit, instructions from the applicant to the issuing bank to open it.

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Application to qualify

An application by a supplier to be included in an agency’s pre-qualified suppliers list. A supplier must prove it has the capability and capacity to deliver specific types of goods, services, or works to be included in the list.

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