ISF Filing. Shipping Terms. For road transportation, a platform from which trucks are loaded and unloaded. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination. They describe how responsibility is allocated between the seller and the buyer for different parts of the transaction. The Commerce Control List is a list of dual-use items (items that have both a commercial application as well as a potential military application) published as part of the U.S. Department of Commerce’s Export Administration Regulations (EAR). Shipping industry term for a carrier's tariff classification for all kinds of goods that are pooled and shipped together at one freight rate. The bill of lading issued by rail carriers to their customers. A rate that does not increase according to the distance a commodity is shipped. Cargoes that are shipped unpackaged either dry, such as grain and ore, or liquid, such as petroleum products. The terms and conditions of the contract may well be different to the terms and conditions contained on the shipping company’s B/L, which can in extraordinary circumstances lead to legal complications should a dispute arise. U.S. Department of Transportation. For a business to break even, all fixed costs must be covered. Specially Designated Nationals and Blocked Persons List (SDN) Human Readable Lists. Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance arrangements. An enterprise that offers overland service to or from a point of export. The sale of goods in which payment is made upon delivery rather than in advance. Typically a freight broker will connect small shippers to carriers who can move their goods. 0000002552 00000 n
The right a marine assured has to abandon property in order to establish a constructive total loss. A warehouse that stores goods on the goods' owner's property while the goods are under a bona fide public warehouse manager's custody. An association of several independent national or international business organizations that regulates competition by controlling the prices, the production, or the marketing of a product or industry. This means that the container will only be filled with the shipper’s goods and not those of any other party, even if there is additional space on the trailer. It is issued by the carrier, whether an airline or a freight forwarder, as a non-negotiable document serving as a receipt to the consignor for the goods, and containing the conditions of transport. U.S. government agency tasked with gathering intelligence and statistics. Price at which the supplier is prepared to supply to any purchaser for home consumption in the country of export and at the date of export, similar goods in the usual wholesale quantities. Abbreviation for “dangerous and hazardous” cargo. The risk of loss of or damage to the goods passes when the products are alongside the ship. A grain container or reservoir constructed around the hatchway between two decks of a ship which when filled with grain automatically feeds or fills in the vacant areas in the lower holds. Most freight forwarders and shipping companies title their B/Ls as “Bill of Lading for Combined Transport or Port-to-Port shipment” or similar. They consist of three-letter codes that are intended to clearly communicate the tasks, costs and risks associated with the transportation and delivery of goods in an international transaction. A ship designed to carry both conventional and containerised cargo. A warehouse authorized by customs to receive duty-free goods. A dangerous goods declaration form is a document produced by an exporter providing details on the dangerous goods in their shipment. The seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. Taxes collected on importing and exporting goods. The tariff applied for chartering tonnage in a particular trade. Intermodal freight transport refers to shipments that involve more than one mode. Placing a container in a position from which it can be loaded or unloaded. Multipurpose containerships where one or more but not all compartments are fitted with permanent container cells. 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. Berth suitable for conventional ships, either employing the ship's own derricks or supplementing with shore-based equipment. Site in a foreign country established to encourage and facilitate international trade. Shipper's Export Declaration (SED) was a standard United States government form required for all U.S. exports with commodities valued at US$2,500 or higher. It’s a good idea to look at shipping policy examples for e-commerce before landing on a final strategy for setting up your business, especially now that shipping is so critical to consumers’ purchasing decisions.In fact, 80 percent of online shoppers consider shipping cost and speed to be influential in determining where they shop. Containers do not have sides or a top. Equipment such as rigging or cranes used on a ship for loading or unloading cargo. A reduced rate offered to a shipper who tenders two or more class-related shipments at one time and one place. A government office where duties are paid and import and export paperwork are filed. Letters, numbers, or other symbols placed on packaging used for identification purposes. 0000008016 00000 n
A specific location from where goods will depart for movement. An air carrier that transports cargo only. A storage area for large items which at a minimum are most efficiently handled by the palletload. The buyer bears all costs from that moment onwards. A document used when transferring a container from one carrier to another, or from one terminal to another. Carriers that have both air and ground fleets; or other combinations, such as sea, rail, and truck. This can occur in the event of a breach of good faith by the assured or by his broker or, in the case of a voyage policy, where the voyage does not commence within a reason able time after acceptance of the risk by the underwriter. A phrase referring to local rules and practices which may impact a shipment. Receipt issued by an ocean carrier to acknowledge receipt of a shipment at the carrier’s dock or warehouse facilities.
U.S. Department of Commerce program that matches U.S. exhibitors at select U.S. trade shows with foreign buyers. A bill of lading with any clauses declaring a defective condition in the goods and/or their packing. A special port in which merchandise may be stored without being subject to import regulations. A government-issued permit that authorizes a shipper to export a certain good or to export to a certain country or party. The seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another named place. if the B/L has been lost). Denied trade screening is the process of screening parties involved in an export transaction for complying with the safety standards of the U.S. Government. A notation on a bill of lading indicating that cargo has been stowed on the open deck of a ship. Since they usually handle thousands of small parcels an hour, they are less expensive and offer more diverse services than regular carriers. Bunker Adjustment Factor – an adjustment to shipping companies’ freight rates to take into account fluctuations in the cost of fuel oil (bunkers) for their ships. Berths with facilities for mechanical loading or unloading of bulk products such as oil,grain, coal or mineral ores. An agent employed (at a customary or an agreed rate of commission or remuneration) to buy or sell goods, merchandise or marketable securities, or to negotiate insurances, freight rates or other matters, for a principal; the sales of trans actions being negotiated not in his own name but in that of the principal. Their assets are blocked, and U.S. persons are generally prohibited from dealing with them. The term used for the B/L issued by a shipping company to a freight forwarder for all of the goods covered by one or more House B/Ls on the one ship going from one loading port to one destination port. A document issued by the Department of Agriculture, Fisheries and Forestry, for exports from Australia of plants or plant products. A warehouse used to store goods that are readily handled, are packaged, and do not require a controlled environment. The weight of goods not including the weight of their packaging. A list of all cargoes that pertain to a specific shipment, grouping of shipments, or piece of equipment. They are based on HS codes and used by the U.S. Census Bureau to calculate trade statistics and by U.S. Customs and Border Protection to ensure that exporters are following U.S. export regulations. Ie over-height, or oversize cargo which requires special equipment and handle. When used in foreign trade, a commercial invoice is a customs document. A claim is a demand made by a customer to a transportation company for payment in order to compensate for loss or damage of goods. IATA headquarter is in Geneva, Switzerland. The seller fulfills his obligation when the goods pass the ship's rail at the shipping port. ECCN: Export Control Classification Number. HS codes play a role in determining import and export controls as well as duty rates. A: AA . Goods in active pick locations and ready for order filling. A method of payment for goods in which documents transferring title are given to the buyer upon payment of cash to an intermediary acting for the seller. Ship designed with holds which can load almost any type of loose cargo, such as drums, sacks, crates, pallets etc. Material Safety Data Sheet (MSDS) Merchandise Processing Fee (MPF) Multimodal Shipping. See also Bill of Lading – Order B/L and Notify Party. The formula of specific factors that play a role in determining freight rates. 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. For example, a shipper works together with both ground and air transportation to ship an item overseas. A mixture of two or more cargoes which cannot be separated into the relevant consignments. The defined, regular pattern of calls made by a carrier in the pick up and discharge of cargo. This is to protect the spread of insects and diseases that can be hiding away in timber packing materials such as pallets, crates and dunnages. A clause providing for the continuation of a hull policy beyond the natural expiry date. Damage that is not evident from viewing the unopened package. A draft on a shipowner for wages, given to a seaman on signing Articles of Agreement and redeemable after the ship has sailed with the seaman on board. In Australia, the value of the goods at the time of export from the exporting country, thus generally the FOB value and using the exchange rate at the date of export. The total weight of a vehicle including the weight of the vehicle itself and any attached containers. Product must be notified on the FSB database before the legal import of such goods into the Russian Federation. FAK is a shipping classification. A transaction in which goods are shipped to a foreign buyer without guarantee of payment. Usually in motor carrier's possession while draying cargo. L. Letter Of Credit. 0000003817 00000 n
A group of stevedores, usually four to five members, with a supervisor assigned to a hold or portion of the vessel being loaded or unloaded. CPT shipping terms indicate that the seller bears all costs of transporting goods to the port of discharge. The value of an import declared to the customs upon which customs duty will be calculated. A legal statement put on a shipping document which specifies that the goods are to be transferred to the ultimate consignee and no other party. Specifically, they are a concessionary form of licencing. The practice of selling goods in a foreign market at a price lower than which they would be sold at in the home market, to gain a competitive advantage over other suppliers. A charge for a service carried out in a carrier’s terminal area. Ship designed to take ISO (International Standards Organisation) containers in vertical cells within the ship’s holds as well as on the deck. Representative who uses your company’s product literature and samples to present the product to potential buyers. A bill of lading to cover goods from point of origin to final destination when interchange or transfer from one carrier to another is necessary to complete the journey. When goods are imported into the United States without any time or use restrictions. All cost and risk for the Port Of Discharge, Port Of Destination, Proof Of Delivery. A shipper agrees to use only a conference's member liner firms in return for a 10 to 15 percent rate reduction. Wood or metal supports used to secure cargo while in transit. Internationally, gateway can also mean the port where customs clearance takes place. Not elsewhere classified, not elsewhere specified. The exporter of record (EOR) is noted as the owner or seller of merchandise being exported from an origin country location to a destination country. Type of ship which trades only in the Great Lakes of North America. The percentage of order items that the picking operation actually found. A document that contains a declaration by the seller, the shipper, or the agent as to the value of the shipment. The submitting of matters of controversy to judgment by persons selected by all parties to the dispute. A Packing List is a detailed document stating how all of the products have been packaged inside the shipment. The commodity is commonly referred to as freight, and the modes of transport include trucks, trains, airplanes, and ships. However, the goods are considered to be delivered when the goods have been handed over to the first or main carrier, so that the risk transfers to buyer upon handing goods over to that carrier at … the weight of the payload plus empty container weight,together with any loose internal fittings. A fee charged to the ship by the ship's agent, representing payment for services while the ship was in port. “Terminal” includes a place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. U.S. Agency for International Development (USAID). NLR may be used for either EAR99 items, or items on the CCL that do not require a license for the destination. 2) The owner is irretrievably deprived of the property. The buyer should note that under CIP the seller is required to obtain insurance only on minimum cover. Payment received by a carrier for transporting goods. The return of a portion of the freight charges by a carrier or a conference shipper in exchange for the shipper giving all or most of his shipments to the carrier or conference over a specified period of time (usually six months). The party that receives the primary benefit from an export transaction, monetary or otherwise. 0000006686 00000 n
One who carries any type of goods, other than a carrier of special goods. N Return to top . Customs uses EDI to interchange data with the importing trade community. Ex-works (EXW) is one of most basic shipping arrangements between seller and buyer. The period of time before a bill of exchange falls due for payment. A method whereby the seller uses the services of his bank to ensure that the buyer only receives the shipping documents under conditions specified by the seller, ie upon payment, or upon acceptance, of the seller’s bill of exchange. To establish a claim for constructive total loss the assured must abandon what remains of the property to underwriters and give notice of his intention to do so. Right of marine assured to claim a total loss on the policy because of either: the property has been lost and recovery is unlikely; or an actual total loss appears to be unavoidable; or to prevent an actual total loss it would be necessary to incur an expenditure which would exceed the saved value of the property. A fortuitous partial loss of insured property proximately caused by an insured peril, but which is not a general average loss. The exporter will send a detailed quotation document for the products offered for sale. An indication on a draft that the documents attached are to be released to the drawee only on payment. It is the shipper’s detailed document that gives full instructions to the agent that is arranging the export shipment (this is usually the freight forwarding company). A freight forwarder, forwarder, or forwarding agent, also known as a non-vessel operating common carrier (NVOCC), is a person or company that organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution. A non-negotiable B/L in which the goods are consigned directly to a named consignee. However, exports of an EAR99 item to an embargoed country, an end-user of concern or in support of a prohibited end-use may require an export license. These criteria are called license exceptions. These ships are designed with their own derricks for loading and unloading. Document used when the exporter extends credit to the buyer. ABT . An enclosed railcar, typically forty to fifty feet long, used for packaged freight and some bulk commodities. U.S. companies frequently license their technology to foreign companies that then use it to manufacture and sell products in a country or group of countries defined in the licensing agreement. A document, issued by a shipping line to a shipper which serves as a receipt for the goods and evidence of the contract carriage. FEU is a measure of a ship's cargo-carrying capacity. The parties are well advised to specify as explicitly as possible the point within the named place of delivery, as the risk passes to the buyer at that point. A U.S. Carrier charge for freight based on the dimensional weight or actual gross weight whichever is higher. Directorate of Defense Trade Controls (DDTC) is the government agency within the U.S. Department of State tasked with enforcing the International Traffic in Arms Regulations (ITAR), which regulate the export of space- and defense-related products. Location where cargo is separated in preparation for delivery. 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. They must clear the products not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities. UK HMRC Open Individual Export Licences (OIELs) are one type of export licence. A machine that wraps a pallet's contents in stretch-wrap to ensure safe shipment. Sale by the exporter to the buyer through a domestically located intermediary, such as an export management company or an export trading company. The Harmonized System is an internationally accepted system used to classify products. Typically banks continue to use this term on L/Cs even though the majority of international shipments are containerised (See also Multimodal B/L). Generally covers “all risks” plus war and strikes risks, and is taken out for 110% of the CIF/CIP value of the goods. 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