for the manufactured goods), whereas a lower level of cover from Clause C would probably apply to the commodities world. A document issued to a carrier to pick up goods at a location and deliver them to another location. Freight rates which include loading/unloading charges, generally with a regular shipping lines. The buyer who has requested his bank to arrange an L/C on his behalf. Any container exceeding 102 inches in height. This type of partnership is often used to avoid restrictions on foreign ownership and for longer term arrangements that require joint product development, manufacturing, and marketing. A bill of lading issued by a consolidator as a receipt for merchandise that will be grouped with cargo obtained from other shippers. A bill of sale is a legal document made by a 'seller' to a purchaser, reporting that on a specific date, at a specific locality, and for a particular sum of money or other "value received", the seller sold to the purchaser a specific item of personal, or parcel of real, property of which he had lawful possession. The seller delivers the goods on board the vessel or procures the goods already so delivered. A term used to describe blocked space by airlines on behalf of forwarders/shippers. A shipper agrees to use only a conference's member liner firms in return for a 10 to 15 percent rate reduction. IncoTerms Explained - The Complete Guide, The Export and Import Shipping Trade Guide. International Maritime Dangerous Goods code; the regulations established by the International Maritime Organization (IMO) for the international transport of dangerous goods. This is the actual number of tons of cargo, bunkers, stores, etc., that can be put on board a ship to bring her down to her "marks". Carriers that have both air and ground fleets; or other combinations, such as sea, rail, and truck. Act making it unlawful for persons or companies subject to U.S. jurisdiction to offer, pay, or promise to pay money or anything of value to any foreign official for the purpose of obtaining or retaining business. 7 0 obj
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U.S. government agency that procures goods and services from U.S. companies for use in developing countries. It’s used in the IncoTerm FAS. The shipper may also be called the exporter or consignor in this case. The opening on the deck of a ship which gives access to the cargo hold. Documents needed to clear an import shipment through customs. A system allowing the shipowner to pay his annual premium by instalments. An institution created by a group of countries to provide development-related financing and professional advising. transfer of property or any other sales right; breach of the contract, with the relevant consequences for the party in the breach; liabilities, financial conditions in connection with the execution of the main legal transaction. A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter. There is a gap in delivery between FCA and FOB. U.S. government department responsible for developing and executing federal government policy on farming, agriculture, forestry, and food.
An undertaking given by a cargo assured to an underwriter agreeing to reimburse the under writer in the event that the issue of the underwriter's guarantee to pay a general average contribution results in payment in excess of the amount properly due under the policy. Damage that is not evident from viewing the unopened package. This data is called Electronic Export Information (EEI) and in many cases exporters are legally required to file the EEI through AES for each shipment. A contract whereby the shipowner places the vessel at the disposal of the charterer for one or more voyages, the shipowner being responsible for the operation of the vessel. The forwarder takes care of all documentation needed to move the shipment from origin to destination, making up and assembling the necessary documentation for submission to the bank in the exporter's name. Devices placed beneath boxes or packages in order to raise them off the floor to permit access by a forklift.
As opposed to representing a given manufacturer in a foreign market, the ETC determines what U.S. products are desired in a given market and then works with U.S. producers to satisfy the demand.
Building or other secured area in which dutiable goods may be stored, may be manipulated, or may undergo manufacturing operations without payment of duty. Duties are generally based on the value of the goods, some other factors such as weight or quantity (specific duties), or a combination of value and other factors (compound duties). A place at which ships stop to resupply and load or unload cargo. Berth suitable for conventional ships, either employing the ship's own derricks or supplementing with shore-based equipment. or salvage fund created by the average adjuster, not from hull underwriters. Document prepared by the exporter or freight forwarder to provide evidence that insurance against loss or damage has been obtained for the goods. A document certifying that merchandise is in good condition immediately prior to being shipped. Abbreviation for “dangerous and hazardous” cargo. The party paying for goods or services in a transaction. A clause providing for the continuation of a hull policy beyond the natural expiry date. 226 0 obj
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ECCN: Export Control Classification Number.
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