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CHAPTER 8
Warehouse:
A place of storage for merchandise and commodities. In addition to
the service of storage some warehouses, particularly in the vicinity
of a port area, perform the functions of freight forwarding and/or of
distribution agents. See also Stock.
Warranty:
Used in different contexts as an undertaking, either expressed or
implied, by one party to a contract to another:
(a) In the context of marine insurance an implied warranty is that
the vessel is seaworthy and fit for voyage. A breach of warranty
is sufficient for the insurer to avoid payment on damage to, or
loss of, the ship.
(b) In the context of supply contracts, it is an assurance by the
supplier on the workmanship, quality and serviceability of the
item (equipment) for a particular period of use/time. In case of
defect the item may be repaired or completely replaced, free of
charge, by the manufacturer.
(c) More generally, an express or implied statement of fact
amounting to an assurance of something in a contract. If the
obligation is not carried out the contract may not be invalidated
but damages can generally be claimed. See also Bond and
Guarantee.
Waybill:
Acarrier’s document listing goods being carried, showing the point of
origin, destination, consignor, consignee and transportation charges.
Weight:
See Gross weight, Net weight and Tare weight.
Wharf:
A platform for berthing of ships for loading and unloading.
Without engagement:
A phrase incorporated by tenderer in his quotation indicative of no
commitment to accept a contract at the price quoted; a safeguard
against prices rising between the time of giving the tender/offer and
the contract being placed.
Works:
Are defined as civil engineering construction. See also Objects of
procurement.