J

Jettison and Washing Overboard.

J.C.R.A.

Joint Common Risks Agreement

J.H.I.U.

Japanses Hull Insurers' Union

J/A

Joint Account

JACKUP

A deck with legs that can be jacked up or down. During operations, the legs rest on the sea-bed. When the rig is moved, the legs are retracted, leaving the rig floating. A backup has normally no propulsion machinery of its own.

JBL

Jubail

JCIT

Joint Committee for Investment and Trade

JDB

Japan Development Bank

JET

Jet fuel

JETSAM

Goods from a ship's cargo or parts of its equipment that have been thrown overboard to lighten the load in time of danger or to set a stranded ship adrift.

JIT

Abbreviation for Just In Time. In this method of inventory control, warehousing is minimal or nonexistent; the container is the movable warehouse and must arrive just in time; not too early nor too late.

JOINT VENTURE

A term of business partnership involving joint management and the sharing of risks and profits between enterprises sometimes based in different countries.

JONES ACT

Merchant Marine Act of 1920, Section 27, requiring that all U.S. domestic waterborne trade be carried by U.S.-flag, U.S.-built, and U.S.-manned vessels.

JPN

Japan

JPRS

Joint Publication Research Service

JR

Yugoslav Register

JUST IN TIME (JIT)

The principle of production and inventory control in which goods arrive when needed for production or use.

JV

Joint venture

Jacket

A wood or fiber cover placed around such containers as cans and bottles.

Jacket Launching Pontoon

A pontoon designed for positioning and launching jackets for offshore use

Jacket Launching Pontoon, semi submersible

A semi submersible pontoon designed for positioning and launching jackets for offshore use

Jacob's Ladder

A rope ladder suspended from the side of a vessel and used for boarding

Japan Corporate Program

The Japan Corporate Program was initiated (by the U.S. Department of Commerce) to help increase U.S. exports to Japan. The program was initiated in January 1991, following selection of 20 companies to participate in a five-year pilot project to improve U.S. knowledge of, and access to, the Japanese market. As part of the five-year commitment to the program, the companies arrange four visits a year to Japan, including two by their chief executives; publish their product literature in Japanese; participate in at least one trade promotion event in Japan each year; and modify products to enhance consumer acceptance and promote sales in Japan. Commerce supports the 20 firms with market data, arranges introductory meetings with prospective Japanese buyers, and recommends market development strategies.

Japan Development Bank

The Japan Development Bank was founded in 1951 to aid in developing and diversifying the Japanese economy. The JDB is a non-profit organization owned entirely by the Japanese Government. U.S. companies may participate in JDB funding activity under the Bank's Loan Division in the International Department. The International Department disburses loans to foreign companies under two primary loan programs: Promotion of Foreign Direct Investment in Japan and Facilities for Import Products. The other loan programs of JDB are also available to foreign-owned companies under the principle of equal treatment of clients regardless of nationality

Japan Export Information Center

The Japan Export Information Center (JEIC) provides information on doing business in Japan, market entry alternatives, market information and research, product standards and testing requirements, tariffs and non-tariff barriers. The Center maintains a commercial library and participates in private- and government-sponsored seminars on doing business in Japan. JEIC is operated by the International Trade Administration of the Department of Commerce. (202-482-2425 and 202-482-4524; fax: 202-482-0469)

Japan External Trade Organization

Although legally under the aegis of the Ministry of International Trade and Industry (MITI), JETRO administers the export programs of the Japanese Government independently. MITI subsidizes about 60 percent of JETRO's total annual expenditures and, technically, has final decision-making authority over JETRO management and programs. Originally established to help Japanese firms export, JETRO also assists American companies seeking to export to Japan and promotes Japanese direct investment in the United States and U.S. direct investment in Japan. Japan International Cooperation Agency - JICA administers the bilateral grant portion of Japan's Official Development Assistance (ODA). JICA covers both: (a) grant aid cooperation (offered without the obligation of repayment) and (b) technical cooperation (offering trainees, experts, equipment, project-type technical cooperation, and development studies). The Agency was established in August 1974; headquarters are in Tokyo, Japan. See: Export-Import Bank of Japan Overseas Economic Cooperation Fund

Jett

Jettison

Jettison

Act of throwing cargo or equipment (jetsam) overboard when a ship is in danger.

Joint Committee for Investment and Trade

The JCIT, was established in October 1990 to demonstrate U.S. and Mexican commitment to greater economic cooperation. The Committee identifies trade and investment opportunities and coordinates trade promotion events.

Joint Publication Research Service

See: Foreign Broadcast Information Service.

Joint Rate

A rate applicable from a point on one transportation line to a point on another line, made by agreement and published in a single tariff by all transportation lines over which the rate applies.

Joint Venture

A business undertaking in which more than one firm share ownership and control of production and/or marketing.