Page 111 - 2020 JN+A & HVS Hotel Cost Estimating Guide

Brand | The trade name of a hotel. Most major hotel companies have groups of hotel brands, each brand targeting a different industry segment. (e.g. Parent company Marriott owns many hotel brands: Fairfield Inn, Courtyard, TownePlace Suites, etc.)
Broker | An individual, partnership, or corporation that arranges transportation service for client companies.
Break-bulk Cargo | Goods shipped loose in the vessel hold and not in a container.
Broken Stowage | The spare volume of a container of the cargo hold of a vessel where no cargo is stowed. It is a reflection of the bad stowage of the container or the vessel.
Budget |Anitemizedforecastoftheexpensesexpected for a renovation or construction project. A complete budget should contain all construction and installation costs, FF&E costs, systems costs, professional fees, operating supplies and equipment costs, pre-opening expenses, freight, tax, warehousing, land costs, and a contingency amount.
Bulk Carriers | Vessels carrying dry, liquid, grain, not packaged, bundled, or bottled cargo and loaded without marks and number or count.
Bull Rings | Cargo-securing devices mounted in the floor of containers which allow lashing and securing of cargoes.
Bunker Adjustment Factor (BAF) / Bunker Surcharge (BSC) | Surcharges assessed by the carrier to freight rates to reflect current cost of bunker.
Bunker | Heavy oil used as fuel for ocean vessels. C
Canada Customs and Revenue Agency (CCRA) |
Canadian government Customs authority.
Capital or Capitalized Expense (CapEx) | Capital expenditures for this study are broadly defined as all improvements made to the physical building of a hotel that would be capitalized as opposed to expensed for accounting purposes.
Cargo Manifest | A manifest that lists only cargo, without freight and charges.
Carrier | Any individual, company or corporation engaged in transporting cargoes.
Carriers Owned Containers (COC) | The containers used for the transportation of cargoes belonging to the property of the carriers.
Casegoods / Hardgoods | Hard furniture such as dressers, chests, nightstands, headboards, tables, etc.
C-corporation | A business that is a completely separate entity from its owners, unlike a partnership. C-corporations are taxed under Subsection C of the Internal Revenue Code. Most major companies are treated as C-corporations for Federal tax purposes.
Cells | The construction system employed in container vessels that permits containers to be stowed in a vertical line, with each container supporting the one above it inside the cargo hold.
Cellular Vessel | A vessel designed with internal ribbing to permit the support of stacked containers. See “Containership.”
Certificate of Origin | Document certifying the country of origin of goods, which is normally issued or signed by the relevant government department, Chamber of Commerce, or embassy of the exporting country.
CFR | A pricing term indicating that the cost of the goods and freight charges are included in the quoted price.
CFS/CFS | A kind of cargo movement by container. Delivered loose at origin point with vanning by carrier, devanned by carrier at destination, and picked up loose at destination
Chassis | A wheeled flat-bed constructed to accommodate containers moved over the road. Also termed as “Trailers.”
Closing | The published deadline for export cargo or containers to be accepted for a sailing of the carrier. CY closing is applicable to FCLs and CFS closing is applicable to LCLs. Normally, CFS closing is around 24 hours ahead of CY closing, depending on the complexities of export Customs clearance formalities at the country. See “Late-Come.”
JN+A and HVS DESIGN | HOTEL COST ESTIMATING GUIDE 2020
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