Glossary
Type a word or choose letter or category
The online portal for reporting export and import data to the U.S. government.
Show the termA term from Latin which means “according to value.” Import duty that is calculated based on a percentage of the cargo’s dutiable value.
Show the termThe system used by the U.S. government to collect data on exports.
Show the termMultiple shipments from different sellers consolidated into one.
Show the termA document controlling cargo routing for air transport.
Show the termPromotes trade harmonization among Latin American countries.
Show the termRefers to the side of a ship for cargo delivery (e.g., Free Alongside Ship).
Show the termEnsures goods reach the intended recipient.
Show the termOffsets the impact of goods sold below fair market value.
Show the termFreight seemingly free of damage upon initial assessment.
Show the termResolving disputes outside the court system.
Show the termNotification of shipment arrival to consignee.
Show the termBehind a ship or across the ship’s width, respectively.
Show the termExamining a business’s compliance with regulations.
Show the termSystem for tracking business processes.
Show the termPromotes trade between the U.S. and Australia.
Show the termSatellite system for identifying and locating ships.
Show the termCargo carried on a return journey.
Show the termLow-weight, high-volume cargo.
Show the termFinancial instrument drawn on a bank.
Show the termWidth of a ship.
Show the termParty receiving payment.
Show the termAgreement with mutual benefits for both parties.
Show the termDocument acknowledging receipt of cargo for shipment.
Show the termDocument confirming goods transfer for payment.
Show the termParty responsible for payment.
Show the termEnforces U.S. export regulations.
Show the termMinimizes cargo movement during transit.
Show the termSecures cargo during transit.
Show the termSecures container to chassis or railcar.
Show the termInitial port of entry for a vessel.
Show the termReserving space with a carrier for cargo movement.
Show the termFront of a vessel.
Show the termEmpty space in a container.
Show the termUnpackaged cargo (e.g., grain, coal).
Show the termSecures cargo within a container.
Show the termTransporting goods within a country by a foreign transporter.
Show the termPromotes trade between the U.S. and Central American countries.
Show the termRequired for certain exports to Canada.
Show the termGoods being transported.
Show the termInformation submitted to customs authorities.
Show the termDocument detailing cargo on a ship.
Show the termPromotes economic integration among Caribbean countries.
Show the termAllows temporary duty-free import of goods for display.
Show the termParty transporting goods and responsible for their safety.
Show the termPayment received before goods are shipped.
Show the termPayment made upon delivery.
Show the termControls the flow of people and goods into and out of the U.S.
Show the termIndicates conformity to Chinese standards.
Show the termList of dual-use items with export restrictions.
Show the termIndicates conformity to European Union standards.
Show the termVerifies product meets quality standards.
Show the termIndicates product is marketable and eligible for export.
Show the termVerifies goods’ condition before shipment.
Show the termCertifies goods’ origin.
Show the termCompilation of U.S. federal regulations.
Show the termIncoterm where the seller covers costs and freight to the destination port.
Show the termAssociation of businesses offering advocacy and document certification.
Show the termCertification by a Chamber of Commerce on documents like COOs.
Show the termLegal notes within the Harmonized System (HS) nomenclature.
Show the termBase frame for securing a container.
Show the termPrevents cargo movement during transit. How do chocks work?
- Wedge Power
Chocks are designed to be wedged tightly against a wheel or object, providing a strong and stable barrier against movement. The wedge shape allows them to distribute force effectively, preventing even heavy cargo from moving.
- Material Matters
Chocks come in a variety of materials, each with its own strengths. Wood is a traditional choice, offering affordability and ease of use. Metal chocks, on the other hand, are sturdier and better suited for heavy loads or uneven surfaces. Depending on the application, rubber or composite materials might also be used for enhanced grip or protection.
- Securing Different Cargo
Chocks are versatile tools that can be used to secure a wide range of cargo on various transportation platforms. They’re commonly seen on trucks, trailers, and even ships, where they prevent containers from rolling during movement. In construction, chocks might be used to stabilize machinery or lumber.
CIF stands for Cost, Insurance, and Freight. It’s an Incoterm, a standardized term developed by the International Chamber of Commerce (ICC) to bring clarity and consistency to international commercial transactions. Under CIF, the seller takes on a significant portion of the legwork, ensuring the goods reach the buyer’s designated port safely.
How Does CIF Work?
- The seller covers the cost of transporting the goods from their origin to the buyer’s designated port. This includes arranging and paying for ocean freight, terminal handling charges, and any necessary export documentation.
- The seller is also responsible for obtaining minimum insurance coverage for the goods during their journey. This minimum insurance typically covers loss or damage caused by maritime perils, such as fire, storms, or collisions.
- The seller takes care of loading the goods onto the vessel at the origin port and ensures their proper unloading at the destination port (though the buyer might be responsible for any unloading costs).
It’s an Incoterm established by the International Chamber of Commerce (ICC) to provide a clear roadmap for international transactions, ensuring both seller and buyer understand their roles when delivering goods to any designated location.
Under CIP, the seller takes on a more comprehensive role than CIF. Here’s what CIP entails for the seller:
- The seller is responsible for arranging and paying for the transportation of the goods to the named destination. This can encompass various modes of transport, including ocean freight, inland waterways, or even multimodal journeys involving a combination of methods.
- Similar to CIF, the seller must obtain insurance coverage for the goods during their entire journey. This minimum insurance typically protects against loss or damage caused by unforeseen events like fire, theft, or adverse weather conditions.
Carload or container load.
- Carload (CL)
When you see “CL” referring to a carload, it signifies the shipment fills an entire railroad car. This option is ideal for bulk goods that can efficiently utilize the significant space offered by a railcar.
- Containerload (CL)
When “CL” refers to container load, it signifies the shipment fills a standardized intermodal shipping container. These ubiquitous metal boxes are a workhorse of global trade, offering flexibility and security for a wide range of goods.
It’s a documented record of the event, outlining the details of the loss or damage and serving as a springboard for resolving the issue.
- Establishing the Facts
A well-crafted claim meticulously lays out the specifics of the situation. It details the nature of the goods, their value, and the point at which the loss or damage occurred. This clear documentation becomes a vital reference point for both the claimant (the party seeking compensation) and the party responsible (often the carrier or seller). - Seeking Resolution
The claim serves as a formal notification of the issue, prompting an investigation and a potential path toward resolution. It allows the responsible party to understand the nature of the claim and take appropriate action, which could involve offering compensation, replacement goods, or other forms of remedy. - Protecting Rights
A documented claim establishes a record of the event and protects the claimant’s rights. If negotiations for compensation stall, the claim serves as a foundation for pursuing legal action if necessary.
CM/cm (capitalization doesn’t affect the unit) represents two different units commonly used for measurement, depending on the context:
- Centimeters (cm)
This is the most frequent meaning of CM/cm. A centimeter is a metric unit of length equal to one-hundredth (1/100) of a meter. It’s a widely used unit for measuring everyday objects, distances, and dimensions. For instance, you might see furniture dimensions listed in centimeters (e.g., a shelf measuring 120 cm long).
- Cubic Meters (cm³ or m³)
When the “CM” is meant to represent volume, it indicates cubic meters. A cubic meter is the volume of a cube measuring one meter on each side.
This massive, annually updated publication serves as the official codification of general and permanent regulations issued by the executive departments and agencies of the U.S. federal government. In simpler terms, it’s the rulebook that dictates how various federal laws are implemented and enforced.
The CFR is a publicly available document, accessible through various channels:
- Printed Volumes
While less common in today’s digital age, the CFR is still available for purchase in hardcopy format from the Government Publishing Office (GPO).
- Electronic CFR (eCFR)
The official online version of the CFR, is hosted by the National Archives’ Office of the Federal Register. The eCFR offers a user-friendly interface for searching, browsing, and downloading specific sections of the code. (https://bookstore.gpo.gov/catalog/code-federal-regulations-cfrs-print)
- Government Agency Websites
Many federal agencies also maintain their own websites, often providing summaries or easy access to CFR sections relevant to their specific areas of responsibility.
Сrucial tool that helps businesses chart a clear course, published by the Bureau of Industry and Security (BIS) within the U.S. Department of Commerce. At its core, the Commerce Country Chart functions as a decision-making aid for businesses seeking to export specific items from the United States.
Show the termDocument that plays a crucial role in the process of international trade. A well-drafted commercial invoice typically includes the following essential information:
- Invoice Details
A unique invoice number and date of issuance are crucial for identification and tracking purposes. - Seller (Exporter) Information
The legal name and address of the company exporting the goods must be clearly stated. Contact details like phone number and email might also be included for easy communication. - Buyer (Consignee) Information
Similar to the seller details, the legal name and address of the company receiving the goods are mandatory. - Product Descriptions
A detailed breakdown of the goods being shipped is essential. This includes product names, quantities, unit prices, and total value. Harmonized System (HS) codes, which are internationally standardized product classification codes, might also be included to facilitate customs clearance. - Payment Terms
Clearly outlining the agreed-upon payment terms, such as Incoterms (International Commercial Terms), helps avoid misunderstandings regarding payment methods, responsibilities, and risk transfer during the shipping process. - Currency
The currency in which the transaction is denominated should be clearly stated to avoid confusion and facilitate currency conversion if necessary. - Country of Origin
Identifying the country where the goods were manufactured is crucial for customs authorities and can impact import duties or regulations. - Additional Information
Depending on the specific goods or trade agreement, additional details like weight, dimensions, insurance information, or special certifications might be required on the invoice.
It doesn’t refer to just any old product you might buy at a store. Instead, a commodity is a basic good, typically raw materials or agricultural products, that are:
- Fungible
This means individual units of the commodity are essentially interchangeable. A bushel of wheat from one farm is generally considered the same as a bushel of wheat from another, as long as they meet the same quality standards.
- Traded on Public Exchanges
Commodities are often bought and sold in bulk on specialized marketplaces, allowing for price fluctuations based on supply and demand.
- Standardized
Many commodities adhere to specific quality grades or classifications, ensuring a level of consistency for buyers.
Commodities are typically raw materials or agricultural products that serve as building blocks for other goods. Examples include:
- Agricultural Products – wheat, corn, soybeans, cotton, coffee, cocoa, sugar
- Energy Products – crude oil, natural gas, gasoline
- Metals – gold, silver, copper, iron ore
- Industrial Materials – rubber, lumber, plastics
Provides transportation services to the public. Common carriers come in various forms, each suited to different types of transportation needs:
- Shipping Companies
These giants of the seas transport cargo containers across vast distances, connecting continents through international trade routes. - Airlines
They specialize in air freight, offering fast and efficient transportation for time-sensitive or valuable goods. - Trucking Companies
Trucks are a dominant force on land, transporting a wide range of goods over shorter or longer distances depending on the carrier’s network. - Railroads
While less common in some regions, established railway systems offer a cost-effective and reliable option for bulk cargo transportation.
In the legal landscape, there exist two main families of legal systems: common law and civil law. Common law, also known as judge-made law, stands on a foundation of precedent and custom.
- Common law systems rely heavily on past court decisions, also known as precedents. When a judge makes a ruling on a particular case, it sets a legal precedent that can be applied to similar cases in the future. This creates a body of law that evolves over time, adapting to new situations while maintaining consistency.
- Common law also incorporates customs and traditions that have been established over time. These customs, if recognized by courts, can become part of the legal framework, shaping how legal issues are approached.
Compliance in maritime shipping refers to adhering to a complex web of international and national laws and regulations. These regulations govern various aspects, including:
- Safety
This encompasses everything from vessel construction and maintenance standards to crew training and emergency preparedness procedures. International Maritime Organization (IMO) regulations like the Safety of Life at Sea (SOLAS) convention play a major role.
- Security
Measures to prevent piracy, terrorism, and other threats to maritime security are outlined in international agreements like the International Ship and Port Facility Security (ISPS) Code.
- Environmental Protection
Regulations aim to minimize pollution from ships, such as MARPOL (International Convention for the Prevention of Pollution from Ships), which restricts discharges and promotes cleaner operations.
- Labor Standards
International Labour Organization (ILO) conventions ensure fair treatment and working conditions for seafarers.
It refers to situations where damage to your shipment, or even a portion of the shipment being missing, isn’t immediately apparent upon delivery.
- Unlike obvious damage to boxes or leaking containers, concealed loss/damage is more insidious. It might involve:
- Internal Damage
Products inside seemingly intact packaging could be broken, dented, or malfunctioning. - Missing Items
Discrepancies between the shipment manifest (packing list) and the actual contents can reveal missing items only discovered during unpacking.
- Concealed loss/damage typically comes to light only after the delivery process is complete, during unpacking or inspection at the receiving location.
- Several factors can contribute to concealed loss/damage:
- Rough Handling
Improper handling during transport, such as dropping or crushing packages, can cause internal damage that might not be visible from the outside. - Shifting Contents
During transportation, items within boxes can shift and collide, leading to hidden breakage or malfunction. - Pre-Existing Damage
In rare cases, concealed damage could be present even before the shipment is picked up, due to faulty manufacturing or improper packaging at the origin.
- A thorough inspection upon delivery and detailed documentation of any discrepancies is crucial. Keeping a record of the condition upon receipt strengthens your case if concealed loss/damage is discovered later.
Confirming House is a trusted intermediary between an exporter (seller) and an overseas buyer (importer). They act as the buyer’s agent, ensuring a smooth transaction for both parties.
- The key advantage for exporters is the payment guarantee. Unlike traditional transactions where payment relies on the buyer’s creditworthiness, a Confirming House takes on the financial risk. They assure the exporter of receiving payment, regardless of any potential issues with the buyer.
- Confirming Houses can simplify the export process by handling various tasks, such as:
- Credit Assessment
They evaluate the overseas buyer’s creditworthiness, minimizing the risk of non-payment for the exporter.
- Documentation Management
Confirming Houses ensure all necessary export documents are in order, avoiding delays at customs.
- Payment Collection
They handle the collection of payment from the buyer and guarantee the exporter receives the agreed-upon amount.
3.Utilizing a Confirming House offers several advantages for exporters:
- Reduced Risk
The guaranteed payment removes the financial risk associated with selling to unknown buyers in foreign markets.
- Improved Cash Flow
Exporters receive payment promptly, even before the buyer settles their debt with the Confirming House.
- Focus on Core Business
By outsourcing export complexities, exporters can focus on production, sales, and core business activities.
Unlike traditional carriers that handle the physical transportation of goods, connecting carriers don’t own trucks, ships, or airplanes. Instead, they act as intermediaries, connecting shippers with the most suitable carriers for each leg of a multi-modal journey.
Connecting carriers understand the strengths and limitations of different transportation modes (truck, rail, air, ocean). They leverage this knowledge to design efficient and cost-effective routes for your shipment, ensuring a seamless handover between carriers throughout the journey.
Show the termThe consignee is the designated recipient of a shipment. They can be an individual, a company, or any entity expecting to receive the goods. Essentially, they’re the one waiting for that knock on the door or the arrival notice for their package.
The consignee’s complete and accurate information, including name and address, is vital for a successful delivery. This ensures the shipment arrives at the intended location without any confusion or delays.
Once the shipment arrives, the consignee typically signs a document acknowledging receipt. This serves as confirmation that the goods have been delivered and accepted. In some cases, the consignee might also be responsible for any import duties or taxes associated with the shipment.
Consignor
It’s important to distinguish the consignee from the consignor. The consignor is the party who initiates the shipment, the one sending the goods off on their journey. The consignee is on the receiving end, eagerly awaiting the package’s arrival.
Show the termA consignment differs from a typical sale in one key aspect: ownership. While the goods are shipped (consigned) to a recipient (consignee), the consignor (sender) often retains ownership until certain conditions are met.
In simple terms, a consignment is a loan of goods. The consignee receives and takes care of the goods, but they don’t necessarily own them outright. The ownership transfer usually happens when the consignee sells the goods or fulfills a specific agreement with the consignor.
Show the termConsignor, also commonly referred to as the shipper or exporter. Regardless of the term used – consignor, shipper, or exporter – they all represent the same party: the one sending the goods. They’re the driving force behind the shipment, responsible for preparing the goods for their journey.
The consignor/shipper/exporter has several tasks:
- Preparation
This involves ensuring the goods are properly packaged, labeled, and documented to meet all regulations.
- Booking Transportation
They arrange with a carrier (shipping company, airline, etc.) to transport the goods to the intended destination.
- Customs and Documentation
For international shipments, the consignor/shipper/exporter handles export customs clearance, ensuring all necessary paperwork is in order.
Consolidation is essentially carpooling for cargo. Multiple smaller shipments from different companies are grouped together to fill a single container. This allows everyone to benefit from the efficiency and cost-effectiveness of containerized shipping.
By sharing the container cost among multiple shippers, consolidation brings down the individual shipping expense for everyone involved. It’s a win-win situation, especially for smaller businesses that wouldn’t be able to fill an entire container on their own.
Show the termA government official who resides in a foreign country and represents the interests of their native country.
Show the termDocument required by some foreign countries, specifying exact information about consignor, consignee, value description, etc. for a shipment. The Consular Invoice is certified by the country’s consul to which the merchandise is being sent.
Show the termType of entry, when goods are imported for use (commercial, business, or personal purposes) into the United States without any time or use restrictions. A Consumption Entry may be formal or informal depending on the circumstances.
Show the termLarge metal box used for transporting goods.
Show the termCargo that is large enough in volume or weight to fill a container.
Show the termA document indicating the contents of the container, its place of departure, and destination. By law, vessels may be required to submit a manifest for each transported container.
Show the termProhibited cargo imported or exported from a country illegally, e.g. drugs or unauthorized weapons.
Show the termA document that legally binds an agreement between two or more people/organizations to carry out reciprocal obligations or value.
Show the termProtection given to the authors of literary, artistic, musical, and certain other intellectual works. It is a type of intellectual property that gives its creator the right to produce, distribute, copy, and display their work.
Show the termAnti-subsidy duties, imposed to offset export grants, bounties, or subsidies paid to foreign suppliers in certain countries by that country’s government to promote export. These duties are imposed under World Trade Organization (WTO) rules after an investigation finds out that a foreign country subsidizes its exports, injuring domestic producers in the importing country.
Show the termA country, where goods were made, mined, grown, manufactured, or significantly transformed.
Show the termInternational trade term for any mode of transport. When goods are bought or sold “carriage paid to” (CPT), this means that the seller delivers the goods to a destination agreed in advance between the seller and the buyer. The seller is responsible for arranging and paying for transport to the buyer’s appointed carrier. Once the cargo has arrived at the first carrier, the risk is transferred to the buyer.
Show the termAn abbreviation for “Cubic.” A unit of volume measurement. E.g., standard 20-foot container has a volume of 1,170 cubic ft. or 33.1 cubic m.
Show the termA situation where a container or vessel has reached its volumetric capacity before reaching its maximum allowed weight.
Show the termA government office, especially at a port, where duties are paid and import and export paperwork are filed.
Show the term- The authority that provides control over the transportation of goods across the state border and deals with taxes on these goods;
- The place at an airport, port, or border where imported goods are examined to make sure they are legal and whether any tax should be paid on them;
- Taxes that are imposed on goods that are brought into a country.
A building or other secured area where imported dutiable goods may be stored, repacked, manipulated, or undergo manufacturing operations without payment of duty for up to 5 years from the date of importation.
Show the termForm of insurance that guarantees that the importer promises to pay necessary taxes and obey Customs regulations of importing goods.
Show the termAn individual or organization contracted to make sure the customs declaration is correct, duties and taxes are provided accurately, and payment is received so that goods can transit across borders smoothly.
Show the termA process in which a customs authority evaluates a shipment imported into their country to ensure compliance with their country’s import regulations. A shipment approved by the customs authority and allowed to trade in their country is considered to have cleared customs.
Show the termA document that usually accompanies exported goods and contains information such as the nature of the goods, their value, the consignee, and the final destination.
Show the termA document that provides the U.S. Customs and Border Protection (CBP) with information about cargo imported into the United States, such as value, classification, and origin. CBP uses this form to calculate duties owed. An Entry Summary must be filed within 10 days of the cargo’s release from CBP custody and estimated duties deposited within 10 working days after entry of the merchandise.
Show the termA document that allows importers and exporters to send goods internationally. It is required by a country’s customs authority, and serves the same purpose as a standard commercial invoice but also contains additional information such as a certificate of origin: the description, quantity, selling price, freight, insurance packing costs, delivery services, and the port of destination for the goods.
Show the termLocal rules and practices to which export and import will be subjected in customs.
Show the termSome shipments involve no actual monetary transaction between the exporter and the consignee, such as shipments for repair under warranty, or shipments of items used for display at trade shows. These shipments are still subject to duties and taxes, and exporters must list the items’ value on the customs invoice to enable the customs authority in the country of import to assess how much duty the importer must pay. The exporter should include a customs value-only statement on the invoice in these cases.
Show the termThe deadline by which the cargo may be delivered to a terminal for loading.
Show the termA voluntary partnership to help ensure supply chain security established by U.S. Customs and Border Protection in November 2001. Meeting the C–TPAT standards allows cargo owners to process cargo more quickly through customs formalities and inspections.
Show the termProducts may be considered dangerous if they are corrosive, flammable, poisonous, toxic, explosive, etc., and capable of posing an unreasonable risk to health, safety, and property when transported in commerce. Shipping hazardous goods may require special documentation or packaging to ensure safety.
Show the termA document required when shipping dangerous goods (hazardous materials). There are three types of declaration: the DG IATA form for air transport, the DG IMO form for inland and ocean transport, and the Lithium Battery Declaration required for shipments of lithium batteries.
Show the termInternational trade term for any mode of transport. It is used when the seller bears all risks and costs associated with delivering the goods to the named foreign destination not unloaded. The buyer is responsible for all costs and risks associated with unloading the goods and clearing customs to import the goods into the named country of destination.
Show the termA document used when the exporter extends credit to the buyer. It indicates a specific future date when the draft is payable.
Show the termA legal term for doing business under a certain registered name.
Show the termInternational trade term for any mode of transport. It is used when the seller bears all risks and costs associated with delivering cargo to the named place of destination ready for unloading and cleared for import.
Show the termThe government agency within the U.S. Department of State tasked with enforcing the International Traffic in Arms Regulations (ITAR). It controls the export and temporary import of defense articles and defense services covered by the United States Munitions List (USML).
Show the termA cargo that is stowed in less than 40 cubic feet but weighs a long ton.
Show the termIt measures a vessel’s total weight, including cargo, fuel, water, supplies, crew, and passengers. It is the difference between the number of tons of water a vessel displaces “light” and the number of tons it displaces when submerged to the “load line.”
Show the termLocation where a large shipment is broken down into smaller units in preparation for delivery.
Show the termSharing or release of controlled technology, source code, or information to a foreign person at home or abroad. Export regulations apply to deemed exports as well.
Show the termThe weight by which a shipment is less than the minimum weight.
Show the termA document signed and dated by a buyer or their authorized agent confirming receipt of goods and stating their condition upon delivery.
Show the termA penalty charge to be paid by a shipper or consignee to the carrier for delaying cargo beyond the allowed time.
Show the termAlso called “restricted party screening” or “trade party screening”. It is the process of checking whether potential business partners are on denied party lists. These are lists of individuals or organizations that a government has identified as parties that one can’t do business with and that one may be penalized for doing business with.
Show the termAlso called an anti-diversion clause. It is a legal statement put on an export invoice that specifies that the cargo is to be transferred to the ultimate consignee and no one else. Diversion to other countries or parties without prior authorization is a violation of U.S. law.
Show the termA legal statement put on a shipping document. It specifies the goods are to be transferred to the ultimate consignee. Diversion to other countries or parties without prior authorization violates U.S. law.
Show the termA penalty charge to be paid by a shipper or consignee to the carrier for delaying the carrier’s equipment beyond the allowed time.
Show the termThe unloading of cargo from a container.
Show the termThe sale by an exporter directly to a customer located in a foreign country.
Show the termA situation when documents presented do not conform to the requirements of the letter of credit (L/C). Banks will not process L/C’s that have discrepancies. They will refer the situation back to the buyer and/or seller and await further instructions.
Show the termA facility created for storing, sorting, and circulating products into a specific market. It serves as a central hub in a supply chain network for inventory management and order fulfillment. This may or may not be a part of the same company that uses it to move its products to market.
Show the termIntermediary entity between the producer of a product and another entity in the distribution channel or supply chain. The distributor generally provides support and service for the product, relieving the exporter of these responsibilities.
Show the term1) a change made in the route of cargo transportation or the route of the entire vessel;
2) the transfer of goods from the intended end-user to some other party.
1․ For ships: a cargo handling area parallel to the shoreline where a vessel usually
ties up;
2․ For land transportation: a loading or unloading platform at an industrial location
or carrier terminal.
Show the termA form used to acknowledge receipt of cargo. Provides the framework for the preparation of an ocean bill of lading.
Show the termA financial instrument used in international trade transactions to protect the interests of both buyer and seller. It requires that payment be made on the presentation of specified documents to a lender conveying the title and indicating the specific steps that have been taken.
Show the termInstructions given by a seller/exporter to a bank indicating that documents transferring title to goods should be delivered to the buyer/importer only after the buyer accepts the attached draft.
Show the termInstructions given by a seller/exporter to a bank indicating that the attached documents are to be released to the buyer/importer only upon payment.
Show the termThe executive branch department that coordinates and oversees transportation in the United States.
Show the termInternational trade term for any mode of transport. It is used in the situation when the seller assumes all costs and risks until the goods are unloaded at the agreed and named place of destination. In this case, the buyer is responsible for import customs formalities.
Show the term- The number of feet that the ship’s hull is beneath the water’s surface.
- Commonly known as a bill of exchange. It is an unconditional order in writing, signed by a drawer (a buyer) and addressed to a drawee (a bank). It requires the drawee to pay a specified sum in lawful currency to the order of a specified person (a seller) at a fixed or determinable date.
A partial refund of an import fee. It is usually given if goods are re-exported from the country that collected the fee.
Show the termTransportation of goods over a short distance. Some definitions specify that drayage is the transport of goods in which both the trip origin and destination are within the same urban area. Same as cartage
Show the termAn e-commerce business model in which the vendors take orders from customers, but does not store goods in stock. Instead, they pass the order to a manufacturer, another retailer, a wholesaler, or a fulfillment house that transports the order directly to the buyer.
Show the termA company that makes a good effort to comply with all relevant rules and regulations that apply to them. They need to know exactly what product is being sold/shipped, its condition, as well as the associated commercial, technical, and environmental risks. This is an integral part of establishing a formal Export Compliance Program (ECP).
Show the termImporting merchandise into a country at a price less than the fair market value, usually through subsidy by the exporting country.
Show the termThe amount on which an Ad Valorem or customs duty is calculated.
Show the termAlso called tariffs. These are taxes collected on importing and exporting merchandise.
Show the termRegulate export and re-export of items and technologies for foreign policy and national security purposes. The EAR is administered by the BIS.
Show the termFive-character alphanumeric code used to identify items for export control purposes. Knowing the right ECCN for your product plays a role in determining if you need an export license.
Show the termIt is an association of mainly U.S. engineering, procurement, and construction companies and their freight forwarders. It was created jointly by the Maritime Administration in 1997 to find solutions to transportation problems and expand the export of U.S. project cargoes.
Show the termDigital document issued by the registered chamber of commerce to the exporter. It helps document transfer and control between customs be done online. Certificates of origin are a common customs document required by many countries and as part of various free trade agreements.
Show the termElectronically automated exchange of business documents such as invoices, purchase orders, and bills of lading.
Show the termData that must be filed in the Automated Export System (AES) via the Automated Commercial Environment (ACE) online web portal for goods transported from the U.S. to a foreign country.
Show the termOfficial prohibition designed to protect economic or national security. This is a ban on trade or other commercial activity with a particular country.
Show the termThe power of a sovereign government or its agent to take property for necessary public use, with payment of compensation.
Show the termStands for empty repositioning. It means the movement of empty containers.
Show the termSynonym for ‘ultimate consignee’. A shipment’s ultimate recipient. This may be different from the party being billed.
Show the termA legal signature that signals the transfer of rights from a holder to another party. It is usually placed on the reverse of a draft.
Show the termAn official statement made to Customs regarding details of cargo entering the country.
Show the termA document used when transferring a container from one carrier to another, or from one terminal to another.
Show the termSoftware that helps companies improve the shipping process by integrating order processing, tracking, accounting, etc. Some ERP systems include international shipping or trade compliance modules.
Show the termNotations made when goods are received at the carrier’s terminal or loaded aboard a vessel. They are usually related to a shortage or damage of goods and are noted on the bill of lading.
Show the termA situation when the container or trailer is only filled with the shipper’s goods and not those of any other party, even if there is additional space. A shipper may pay a premium rate to obtain exclusive use.
Show the termIssued with documents such as letters of credit, tariffs, etc. to advise that stated provisions will expire at a set time.
Show the termThe official interpretation of the Harmonized System (HS) at the international level published by the World Customs Organization. They provide a commentary on the scope of each heading, giving a list of products included or excluded, with technical descriptions of the items and guidance for their identification.
Show the termTransportation of goods to a foreign country. The opposite of import.
Show the termA company’s written set of procedures for ensuring operating export activities following the Export Administration Regulations (EAR).
Show the termLaws and regulations applied by a government to manage an export or import of certain items, e.g. technology, military goods, or chemicals.
Show the termA type of form submitted at the port by an exporter, declaring details about the goods being shipped out of the country. Customs use this information to control exports and compile statistical information about a country’s foreign trade.
Show the termA government-issued document that indicates approval to export a certain good to a certain country.
Show the termAn outsourcing company that manages export operations of manufacturers and suppliers that do not have their export department.
Show the termA restriction imposed by a government on the value or number of exported goods or services. It is typically designed to protect domestic producers and consumers from temporary shortages of goods or to maintain their prices in world markets.
Show the termGovernment payments, low-cost loans, tax relief, or other benefits provided to domestic producers to support the export of their goods on the world market.
Show the termA company that acts as an independent distributor and links local manufacturers with foreign buyers. Its services may include warehousing, shipping, insurance, etc.
Show the termA U.S. official export credit agency that provides finance products to U.S. exporters and foreign buyers of U.S. products.
Show the termAn international trade term for any mode of transport. It is used in the situation when the seller fulfills their obligations by having the goods available for the buyer at the named place at the agreed time. The buyer bears all risks and costs starting when the goods are made available at the named place and continuing until they are delivered. The seller has no obligation to load the goods or clear them for export.
Show the termBuying and selling of goods and services over the Internet.
Show the termAbbreviation for “freight all kinds.” Typically refers to full container loads of mixed cargo.
Show the termMisrepresenting freight or weight information on shipping documents.
Show the termIt is an Incoterm rule for sea and inland waterway transport. The seller clears the goods for export and delivers them alongside the vessel at the named port of shipment. The buyer assumes all risks and costs for goods from this point forward.
Show the termAn international trade term for any mode of transport. It is used in the situation when the seller is responsible for either making the goods available at its premises or at a named place. The seller is responsible for loading the goods on the buyer’s transport, delivery to the port, and export clearance including security requirements. Risk transfers once the goods are loaded on the buyer’s transport.
Show the termThe agency within the U.S. federal government responsible for administering maritime affairs including the tariff system, freight forwarder licensing, enforcing the conditions of the Shipping Act, and approving conference or other carrier agreements.
Show the termSometimes abbreviated as Fed. Reg., FedReg, or FR. It is the official journal of the federal government of the U.S. where government agency rules, proposed rules, and public notices are published.
Show the termA short-distance or regional maritime service that transfers cargo from regional ports or small terminals to a central hub port for a long-haul ocean voyage.
Show the termA short-sea vessel that transports cargo between smaller ports and a central hub port.
Show the termA standard 40ft shipping container, measuring approximately 40 ft (12.2 m) long, 8 ft (2.4 m) wide, and 8 ft (2.4 m) high. One standard FEU can hold 22 to 23 pallets and carry approximately 58,930 pounds (26,730 kg), depending on the shipping line’s limitations.
Show the termA container with two end walls, but without side walls and a roof. It is usually used for oversized cargo that cannot be transported in a standard container.
Show the termAn international trade term for sea and inland waterway transport. It is used when the seller clears the goods for export and delivers them on board the vessel at the named port of shipment. The buyer assumes all risks and costs for the goods from this moment forward.
Show the termA common clause in contracts that exempts the parties from not fulfilling their obligations due to events beyond their control, such as natural disasters or war.
Show the termThe direction on a vessel parallel to the center line.
Show the termA part of the U.S. Department of Agriculture. It helps bring U.S. farm products to international markets by providing exporters with resource and market intelligence assistance.
Show the termAn act making it unlawful for a U.S. person or company to offer, pay, or promise to pay money or anything of value to any foreign official to obtain or retain business.
Show the termAlso abbreviated FTZ and sometimes called a ‘free trade zone’ or ‘free port’. These are secure areas where goods can be manufactured, modified, and stored under specific customs regulations and are generally not subject to customs duties.
Show the termForeign Principal Party in Interest. This is the party abroad to whom the final delivery of the goods will be made.
Show the termA shipment that is miscarried or unloaded at the wrong place and then sent to its proper destination without additional charge.
Show the termA marine insurance agreement in which the assurer does not have to pay for partial loss or damage to cargo shipments except in certain circumstances, such as stranding, sinking, collision, or fire.
Show the termThe amount of time that a carrier’s equipment may be used without incurring additional charges.
Show the termGoods or cargo being transported by ship, train, truck, or airplane.
Show the termAn Invoice form issued by the carrier based on the Bill of Lading and other information. It includes transactional details and costs for a freight shipment, including services rendered and accessorial charges.
Show the termA person who arranges transportation on behalf of a shipper. Typically, a freight broker connects shippers to freight service providers.
Show the termA third party who arranges the transportation of goods on behalf of a shipper. A freight forwarder may have its in-house carriers or may contract with external carriers.
Show the termTreaties between countries that are designed to reduce barriers to trade and investment, and to facilitate stronger commercial ties between these countries. FTA usually involves lowering duty rates for shipments, provisions for intellectual property rights, environmental protection, dispute resolution, etc.
Show the termRefers to the cargo that is large enough to fill a truck. This cargo won’t be consolidated with other shipments from other customers.
Show the termThe set of regulations placed on international trade in the U.S. They are established and updated by the U.S. Census Bureau.
Show the termA loaded vessel is said to be “full and down” when it carries cargoes of such a volume and weight that it fills all the vessel’s spaces and also brings her down to her tonnage load line.
Show the termThe amount of cargo a vessel can carry. While the cargo lot may take up most of the vessel’s space or tonnage capacity, it does not require a vessel’s volume and weight capacity to be fully utilized.
Show the termThe quantity of freight that fills a standard truck so that no more of the same type of freight can be loaded, consistent with safety and damage precautions.
Show the termAn agreement between two parties where both collectively share savings from productivity improvements.
Show the termA legal agreement between many countries which promoted international trade by minimizing trade barriers, e.g. tariffs and quotas. It was succeeded by the World Trade Organization (WTO) in 1995, with the original GATT text remaining part of the WTO framework.
Show the termA status given to cargo imported into the U.S. that is missing proper Customs documentation or cannot be quickly cleared through Customs for other reasons.
Show the termThe total monetary value of all goods and services a country produces during a certain period.
Show the termThe maximum operating weight of a vehicle as specified by the manufacturer including cargo, passengers, and fuel.
Show the termA sheltered body of water where ships stop to resupply and load or unload cargo.
Show the termA federal charge imposed on importers and domestic shippers to fund the maintenance and improvement of US ports and harbors. HMF is calculated at 0.125% of the cargo value, as declared on the commercial invoice.
Show the termAn official responsible for the safe and efficient operation of harbors and ports.
Show the termAn internationally standardized system used to classify traded products. The first six digits of an HS code are universal worldwide, but each country adds additional digits to further specify products. These codes play a role in determining import and export controls and duty rates. The HS is administrated by the World Customs Organization (WCO) and is updated every five years.
Show the termAn opening on the deck of a vessel, through which cargo or people can go.
Show the termThe unification of two or more parts of one shipment originating at different locations, moving under one Bill of Lading, from one shipper to one consignee.
Show the termA document issued by an Ocean Transport Intermediary (OTI), such as a freight forwarder or a non-vessel operating company (NVOCC), to a shipper to acknowledge receipt of their cargo for shipment.
Show the termA classification system that sets out the tariff rates and statistical categories for all merchandise imported into the United States. It is based on the internationally recognized Harmonized System (HS).
Show the termThe regulations established by the International Maritime Organization (IMO) for the international transport of dangerous goods by sea. This code’s principles help keep people safe, prevent ship damage, and preserve the environment.
Show the termTransportation of goods into a country. The opposite of export.
Show the termA form submitted by an importer (buyer) or their agent (customs broker) to their country’s customs authority before or upon the importation of goods. It includes the contact details of the importer, how the goods are being transported, and the tariff classifications and values of the items on the shipment.
Show the termA government-issued permit authorizing the importation of goods into the country.
Show the termRefers to an import or export shipment that has not yet cleared customs.
Show the termA permit that enables foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed.
Show the termA set of universal trade terms published by the International Chamber of Commerce (ICC). They consist of three-letter codes intended to communicate the tasks, costs, and risks associated with the goods transportation and delivery in an international transaction. They define the responsibilities of sellers and buyers for different parts of the transaction.
Show the termA sale by an exporter to the buyer through a domestic intermediary, e.g. an export management company or an export trading company.
Show the termA document required by some purchasers and countries to attest to the necessary quality, safety, and performance criteria of the goods shipped. The inspection is usually performed by an independent inspection firm.
Show the termA document used as evidence that insurance against loss or damage has been obtained for the goods. It is prepared by the exporter or freight forwarder.
Show the termThe collective term for creations of the mind, such as literary and artistic works, new ideas, inventions, designs, and films protected by copyright, patent, or trademark.
Show the termA location where freight in transit is transferred from one carrier to another.
Show the termAlso known as a tote, IBC tote, or IBC tank. A pallet-mounted, industrial-grade reusable container used for transportation and storage of liquids, pastes, semi-solids, and solids. The two most common totes are the composite 275-gallon and 330-gallon (1,040 and 1,250 liters) tanks made of high-density polyethylene (HDPE), surrounded by a galvanized steel cage. They feature integrated pallet bases with dimensions near the common pallet standard size of 48” x 40” (1,219 mm × 1,016 mm).
Show the termAlso known as Multimodal. A method of moving goods in the same load unit using more than one type of transportation (air, rail, sea, truck, etc.). An intermodal container is used in different modes of transport without having to unload and reload the goods at each point where the mode of transport changes. In international trade, the intermodal container is usually synonymous with the container.
Show the termAn organization that plays a role in rule setting, dispute resolution, and policy advocacy in international trade, supporting the commerce goals of the United Nations and the World Trade Organization.
Show the termA U.S. Department of Commerce bureau that promotes exports by providing diplomatic support, helping to shape trade policy, removing trade barriers, and enforcing U.S. trade laws and agreements.
Show the termAn itemized list of goods shipped to a buyer, usually specifying quantities, prices, shipping charges, etc.
Show the termA document listing all cargo entering a country of import. It is required by all world ports, primarily for assessing duty in the receiving country.
Show the termInternational Standards for Phytosanitary Measures No. 15 is an international environmental standard for treating wood packaging materials. It was set up to help prevent the spread of pests and diseases. Under these rules, all wood packaging materials such as pallets, crates, and boxes must be debarked, heat treated, or fumigated to eliminate insects or diseases that could be harmful to ecosystems.
Show the termEstablish controls regarding the export and import of space- or defense-related products. They are enforced by the U.S. Department of State.
Show the termA method of inventory control which minimizes warehousing and in which the container acts as a movable warehouse. A company receives goods as close as possible to when they are needed.
Show the termA unified cost applied by multiple transport providers when delivering a load of goods over a route.
Show the termA list of items exempt from country of origin marking requirements when importing into the US. Items on the J-list are usually exempt because they are either incapable of being marked (e.g. liquids) or marking them is impractical (e.g. fine art).
Show the termA unit of speed equal to one nautical mile (6,076 feet or 1852 meters) per hour. It is abbreviated kt or kn.
Show the termA loss discovered before or at the time of shipment’s arrival.
Show the termLabeling cargo refers to attaching shipping labels to boxes or pallets to serve as clear and fast identifiers of the transported goods. Cargo, including all commodities, requiring a label according to the provisions of the International Maritime Dangerous Goods Code.
Show the termLoaded aboard a vessel.
Show the termThe act of loading a ship with cargo.
Show the termA situation when a container is shipped from a foreign country by vessel, and then carried across the land by truck or rail.
Show the termThe total cost of a product after it has been delivered to a customer. It includes raw materials, shipping costs, insurance, warehousing, and all applicable duties and fees.
Show the termThe inventory concept to describe that the last received goods are dispatched first.
Show the termMay also be called less-than-container (LCL). It is a trucking option for shipments that are not large enough to fill an entire truck. An LTL carrier mixes freight from several customers in a single truckload. LTL is typically used for shipments between 150 and 15,000 pounds (68 and 6804 kg).
Show the termAlso known as a documentary collection and is often abbreviated as LC or L/C. It is a written commitment by a bank issued after an importer’s request that payment will be made to an exporter, provided that the terms of the LC have been met, as evidenced by the presentation of certain documents.
Show the termCertain criteria which allow an exporter to export a product without an export license in cases where it would normally be required.
Show the termAn agreement in which a company sells the rights to use its products or services but retains control.
Show the termThe rate of freight including the costs of loading the goods on board a vessel at the departure port. The costs of unloading the goods are paid by the recipient at the destination port.
Show the termAn exact amount of money a seller must pay a buyer if a project does not meet the standards or deadline outlined in the sales contract.
Show the termIn the context of importing, liquidation is when the customs authority finalizes its review of an entry and calculates the duties owed.
Show the termThe degree of tilting or leaning of a vessel to one side.
Show the termThe process of adapting a product to meet cultural, legal, and other requirements of a specific market.
Show the termThe organization, planning, management, and execution of the flow of goods. A logistics company is a general term for an organization that provides logistics services, which may include freight forwarding, customs brokerage, and/or consulting services.
Show the termA person who loads and unloads vessels at a port.
Show the termA carrier employing vessel(s) in the principal trading routes but not participating within a consortium.
Show the termRefers to situations in which a carrier illegally gives preference to a customer to attract their business.
Show the termRelating to sailing on the sea or shipping by sea.
Show the termLetters, numbers, or other symbols placed on packaging used to identify different pieces of cargo.
Show the termA bill of lading that is issued by a carrier and represents the contract of carriage for the goods. Once the carrier confirms that it has received the goods, the MBL is released to the party who made the booking.
Show the termA document prepared by a supplier/shipper of hazardous materials that details safety information and how to handle or use the product or material. It typically lists hazardous ingredients, handling procedures, first aid procedures, and precautions.
Show the termA unit of weight equal to 1,000 kg or 2,204.62 lbs.
Show the termA key event or action that marks the completion of a defined phase within a project or flow of goods.
Show the termShipment that consists of items described in and rated under two or more rate items within a tariff.
Show the termA status or level of treatment accorded by one national government to another in international business. A country with MFN status cannot be treated less favorably in international transactions than any other country with MFN status.
Show the terma) For the purpose of determining the applicability a vehicle that is self-propelled and capable of transporting a person or persons or any material or any permanently or temporarily affixed apparatus shall be deemed a motor vehicle, unless any one or more of the criteria set forth below are met, in which case the vehicle shall be deemed not a motor vehicle:
- The vehicle cannot exceed a maximum speed of 25 miles per hour over level, paved surfaces; or
- The vehicle lacks features customarily associated with safe and practical street or highway use, such features including, but not being limited to, a reverse gear (except in the case of motorcycles), a differential, or safety features required by state and/or federal law; or
- The vehicle exhibits features that render its use on a street or highway unsafe, impractical, or highly unlikely, such features including, but not being limited to, tracked road contact means, an inordinate size, or features ordinarily associated with military combat or tactical vehicles such as armor and/or weaponry.
b) Note that in applying the criterion in paragraph (a)of this section, vehicles that are clearly intended for operation on highways are motor vehicles. The absence of a particular safety feature is relevant only when absence of that feature would prevent operation on highways.
Show the termThe National Customs Brokers and Forwarders Association of America is an organization representing the interests of customs brokers and freight forwarders in the U.S. The Association maintains a close watch over legislative and regulatory issues that affect its members through various committees, counsel, and representatives.
Show the termA Negotiable Bill of Lading allows the transfer of ownership of goods to a third party during transit. Once this has been done, the new consignee can then transfer the title to someone else, and so on. A Non-negotiable Bill of Lading is issued to a named specific consignee, receiver, or buyer and does not allow the transfer of ownership during transit.
Show the termA term used in ocean or airfreight tariffs for an item that is not mentioned elsewhere in a classification system. If no rate for the specific item shipped appears in the tariff, then a general class rate will apply. Such rates are usually higher than rates for specific items.
Show the termThe weight of goods not including the weight of packaging.
Show the termRequired by some countries for protection against dumping of certain merchandise or products.
Show the termA company or person who appears on the bill of lading or waybill to be notified when the goods arrive at their destination. Could be different from the consignee, but is often the actual receiver of the cargo. A notify party does not have particular rights under the bill of lading or waybill.
Show the termAn organization that offers an international cargo shipping service through the use of underlying carriers and under their own rate structure in accordance with tariffs filed with the Federal Maritime Commission in Washington D.C.
Show the termA legal document required for the transportation of cargo overseas across international waters. It outlines the type, quantity, and destination of goods being carried. Ocean Bill of Lading serves as evidence of the contract of carriage, as well as a receipt of the goods and a title document.
Show the termAn agency of the U.S. federal government responsible for negotiating trade agreements.
Show the termA notation on a bill of lading indicating that specific goods have been received and loaded on a ship.
Show the termA notation on a bill of lading indicating that the shipped cargo has been stowed on the open deck of a vessel.
Show the termA transaction in which goods are shipped and delivered to a foreign buyer before payment is due.
Show the termRates established for each carrier. They are listed in a tariff list but may differ according to carrier.
Show the termA measure of operating efficiency and profitability based on a comparison of a carrier’s total operating expenses to its net sales.
Show the termThis includes the time and the process involved from placing the order to receiving the shipment. It includes the following processes: communicating the order, order processing, and transporting the shipment.
Show the termProcess that includes picking, packing, and delivery of the packed items to a shipping carrier.
Show the term1) a country or port where cargo is being shipped from;
2) a country where goods were originally manufactured.
A company that produces parts and equipment that another manufacturer may market.
Show the termRefers to a load that is not suitable for stuffing into a standard container due to its dimensions. It requires the use of special equipment like flat racks or open-top containers.
Show the termA small port built to support the commercial operations of a large port. It serves as an intermediary port in the shipping process, facilitating the transportation of goods from smaller, regional areas to major destination ports.
Show the termA situation in which the number of units received or shipped exceeds the quantity stated on the documents. It is the opposite of shortage.
Show the termA shipping rate on cargo from the Far East via West Coast ports, used to make Midwest and East U.S. shipping competitive against all-water routes via Atlantic and Gulf ports. OCP rates apply to cargo shipped from or consigned to the states of North Dakota, South Dakota, Nebraska, Colorado, New Mexico, and all states east thereof. OCP rates in Canada apply to the provinces of Manitoba, Ontario, and Quebec.
Show the termA standard document that accompanies a shipment and provides a detailed description of the products and packaging but does not include pricing or value.
Show the termA wooden or plastic platform on which packages are loaded. Facilitates easier handling by a forklift.
Show the termA bilateral free trade agreement between the United States and Panama that came into effect on October 31, 2012. It provides the elimination of tariffs and removes barriers to financial and other services.
Show the termA small shipment that typically weighs less than 150 pounds (68 kg) and is easily transportable without help.
Show the termA right granted by a sovereign authority to an inventor. It entitles the patent holder to prevent all others from using, making, or selling the subject matter of the patent for a set period.
Show the termA party who receives payment; a seller.
Show the termA party who pays money; a buyer.
Show the termTerms that describe how and when a customer pays for the goods or services. They typically include such conditions as whether the payment can be made in installments, by credit or cash, and when payment must be completed.
Show the termA document issued by the U.S. Department of Agriculture and used to meet import requirements of other countries. It certifies that cargo has been inspected and is free from harmful pests and plant diseases.
Show the termA structure extending into the water perpendicular to the shoreline to which a vessel is secured to load and unload cargo.
Show the termOften referred to as the port of destination; the location where cargo is shipped to and leaves the custody of a carrier.
Show the termThe location where cargo is initially received by the carrier and enters his custody.
Show the termAbbreviation for:
- port of destination
- port of discharge; a place where a ship discharges or unloads some or all of its cargo
- proof of delivery; a document signed by the recipient to confirm the delivery of cargo in good condition.
The location where cargo is transferred from a shipper to a carrier.
Show the termAbbreviation for:
1) port of loading
2) petroleum, oil, and lubricants; a term which includes all petroleum and associated products used by the Department of the Navy (DoN)
Show the termA type of risk that political forces will cause significant changes in a country’s business environment that negatively affect the profit of a business enterprise. This may include political violence, confiscation, expropriation, and domestication (or nationalization).
Show the term1) a harbor with piers or docks where vessels load and unload cargo and passengers
2) the left side of a ship while standing at the rear facing the front side
3) an opening in the side of a vessel used for handling cargo
Show the termAn intermediate port where a ship discharges and receives cargo or takes supplies and fuel.
Show the termPort where goods are unloaded and enter a country.
Show the termPort where goods are loaded and leave a country.
Show the termA shipping arrangement where a shipper pays freight charges before the release of bills of lading by a carrier.
Show the termAlso called commodity classification. It is a classification system that allocates specific numeric or alphanumeric codes to particular product categories. These are the Harmonized System (HS), Schedule B and the U.S. Harmonized Tariff Schedule (HTS), Export Control Classification Numbers (ECCNs), and United States Munitions List (USML) categories. They help compile trade statistics and are used by the country of import for assessing duties and taxes.
Show the termA quote in an invoice format, produced by an exporter or seller and given to a potential buyer before a transaction is finalized.
Show the termA restriction placed on the movement of goods and people to protect public health and safety.
Show the termA structure on the shore of a harbor or on the bank of a river or canal where ships dock for loading and unloading cargo or passengers.
Show the termThe quantity or monetary value of goods that may be exported or imported without restrictions over a set period.
Show the termA document given by a logistics company showing the costs of shipping goods from one location to another.
Show the termThe formula of specific factors such as weight, dimension, equipment type, packaging, etc. that play a role in determining freight rates.
Show the termThe principle of being reasonable in transportation fees. Under ICC and common law, these fees should not be higher than necessary to reimburse the carrier and allow a fair profit.
Show the termA term that refers to refrigerated ships and shipping containers. They are used for perishable cargo that needs to be temperature-controlled during shipping.
Show the termA criterion in international trade agreements used to determine whether a product meets a rule of origin.
Show the termThe transfer of containers from one vessel to another when the same carrier controls both vessels.
Show the termA sum of money sent by one party to another as payment.
Show the termA move where a container is discharged from a ship and put back onto it either at the same or a different stow position. This could be due to incorrect stowage or a change of destination being requested at a later stage.
Show the termPayment received by a carrier for transporting cargo.
Show the termAn official document an organization uses to request bids from potential suppliers or vendors. An RFP in logistics allows potential vendors to provide details in bid form outlining their services, timelines, pricing structure, and other relevant information.
Show the termA formal request made by customers to suppliers or vendors asking for price quotes on specific products or services. An RFQ in logistics details the project’s scope, quality requirements, delivery deadlines, payment terms, and other qualitative information.
Show the termA vessel designed to carry wheeled cargo, such as cars, buses, motorcycles, and trailers, that are driven onto and off the ship on their wheels or using a platform vehicle.
Show the termAn official order that limits trade, contact, etc. with a particular country, group, or individual, in order to obey laws.
Show the termAn executive agency of the U.S. government designed to bolster and promote the economy by encouraging and facilitating the development of small businesses and entrepreneurs in America.
Show the termA network of offices across the U.S. that provide training and technical assistance to local small businesses. SBDCs are administered by the SBA.
Show the termA two- to four-letter code assigned by the National Motor Freight Traffic Association to identify vessel operating common carriers (VOCC) in computer systems and shipping documents.
Show the term10-digit classification code built upon the first six digits of the HS Code and used for goods exported out of the U.S. These codes are used by the U.S. Census Bureau to calculate trade statistics and by U.S. Customs and Border Protection to ensure exporters follow U.S. export regulations.
Show the termUnder Section 232 of the Trade Expansion Act of 1962, the President of the U.S. is granted the power to adjust the imports of goods or materials if the quantity or circumstances surrounding those imports threaten national security. This can be done through tariffs or other means.
Show the termUnder Section 301 of the Trade Act of 1974, the Office of the United States Trade Representative (USTR) files a Special 301 Report annually, identifying “Priority Foreign Countries” with inadequate intellectual property laws or violating trade agreements. The President of the U.S. may subject these countries to sanctions or tariffs.
Show the termEquipment such as rigging, cranes, etc. used on a ship to load or unload cargo.
Show the termA specified period set by the buyer, during which time the supplier must ship the cargo.
Show the termA person or a company responsible for organizing and transporting goods or products from one place to another.
Show the termA document provided by a shipper or exporter to their freight forwarder outlining transportation and documentation instructions. If the freight forwarder is filing through the Automated Export System (AES) on behalf of the exporter, the SLI includes the information they need to complete the filing.
Show the termPaperwork that accompanies a shipment and provides information about the goods, as well as the shipping date, the customer, and the method of shipment. Shipping documents usually include bills of lading, packing lists, invoices, insurance documents, and air waybills.
Show the termA situation in which the number of units received or shipped is less than the quantity stated on the shipping documents. It is the opposite of overage.
Show the termThe act of moving cargo, particularly vehicles, within a terminal/port or from one terminal to another in the same port on its wheels.
Show the termA type of bill of exchange, in which the exporter holds the title to the transported goods until they reach their destination and payment is made. Before the shipment can be released to the buyer, the original “to order” ocean bill of lading must be properly endorsed by the buyer and surrendered to the carrier.
Show the termA single deck pallet. It is non-stackable, but it can easily be dragged throughout a warehouse.
Show the termAn online system maintained by the Bureau of Industry and Security (BIS) in the U.S. Commerce Department. It allows U.S. companies to submit export license applications, commodity classification requests, reexport license applications, and license exception AGR notifications via the Internet.
Show the termA set of international standards enforced by the International Maritime Organization (IMO). It establishes the least safety measures in merchant ships’ construction, equipment, and operation.
Show the termThe procurement of goods or services from a particular entity or country, and the business process of strategically finding and contracting with the best suppliers who will give the greatest advantage.
Show the termRefers to placing a container or trailer in a specific position from which it can be loaded or unloaded.
Show the termThe right side of a ship while standing at the rear facing the front side.
Show the termA notation on a bill of lading or other shipping documents used to indicate that the contents of a container or package are declared or stated by the shipper, but the carrier or other party has not physically verified these contents.
Show the termThe back or aft-most part of a ship. It is the opposite of a bow.
Show the term- a person who manages the loading and unloading of cargo ships
- the act of loading or offloading cargo to and/or from a ship
A process of removing cargo from a container or transport equipment.
Show the termA process of putting cargo into a container.
Show the termA notation on a bill of lading or other shipping documents used to indicate that the carrier does not have any responsibility for actual cargo weight.
Show the termA system of interconnected individuals, organizations, resources, activities, and technology involved in the movement of goods from a supplier to a customer.
Show the termAn extra or additional charge.
Show the termAn extra or additional tax on something already taxed.
Show the termThe backside of a container or trailer.
Show the termAlso known as unladen weight; the weight of an empty container, packaging, or vehicle.
Show the termA tax imposed on a product or service when imported into a country. Some foreign countries apply tariffs to exports.
Show the termA location on a seaport where cargo is loaded and unloaded and then transferred onto its next step.
Show the termA charge for a service carried out in a shipping terminal.
Show the termCommonly known as Incoterms. A set of 11 internationally recognized rules that define the obligations, risks, and costs of the buyer and seller involving the delivery of goods that make up the export transaction.
Show the termAn exact unit of measurement used to determine cargo capacity for container ships and terminals. It is derived from the dimensions of a 20-foot standardized shipping container which is 20 feet (6.1 m) long, 8 feet (2.4 m) wide, and 8 feet (2.4 m) high.
Show the termA company that provides logistics services to other companies, such as inventory storage and management, warehousing, freight forwarding, etc.
Show the termA type of payment document whereby a buyer accepts shipped goods and agrees to pay the seller at a specified date. This document guarantees payment to the seller by an issuing bank.
Show the termThe quantitative data that allow for tracking and analyzing the import and export of goods and services between countries or regions. This data typically includes information on the volume and value of trade, types of commodities traded, trade balances (the difference between exports and imports), and trends over time.
Show the termA word, symbol, name, slogan, or combination thereof that identifies and distinguishes the goods or services of a company from those of other companies and may serve as an index of the quality of a particular product.
Show the termA company specializing in exporting and importing goods produced or provided by other companies.
Show the termA container on wheels attached to the back end of a truck and used to transport goods.
Show the termThe transfer of cargo from one vessel to another or from one vehicle to another at an intermediate point during transit to the final destination.
Show the termThe total weight, measured in tons, of freight transported by truck.
Show the termAn internationally recognized four-digit code used to identify dangerous substances and goods.
Show the termA combination of several packages loaded onto a pallet, in a crate, or in some other way that allows for the goods to be handled as a single unit.
Show the termThe USPPI is the party in the United States that primarily benefits from an export transaction. This is typically the seller or exporter of the goods. The USPPI is responsible for providing accurate export information and ensuring compliance with U.S. export regulations.
Show the termA free trade agreement between the United States and Israel established in 1985. It reduced or eliminated duties on imports into the U.S. from Israel and contributed to the U.S. becoming Israel’s top trading partner. It is the only U.S. FTA that does not include a chapter on intellectual property rights.
Show the termA free trade agreement between the United States and South Korea entered into force in March 2012. The treaty’s provisions eliminate 95% of each country’s tariffs on goods within five years and create new protections for multinational financial services and other firms. The KORUS is notable for being South Korea’s largest trade agreement, second only to its trade deal with the European Union.
Show the termA bilateral free trade agreement between the United States and Peru entered into force in February 2009. It eliminates obstacles to trade, consolidates access to goods and services, and fosters private investment in and between the United States and Peru. In addition to commerce, the agreement includes provisions related to intellectual property rights, labor, and environmental policies.
Show the termA North American free trade agreement that replaced the North American Free Trade Agreement (NAFTA). It aims to promote economic growth and job creation among the three countries by reducing tariffs and other trade barriers.
Show the termA list of defense articles and defense services that are subject to U.S. export controls. It is maintained by the U.S. Department of State and is used to regulate the export of military and dual-use items.
Show the termThe United States government agency that provides international development and humanitarian assistance in developing countries while promoting American interests, U.S. national security, and economic prosperity abroad.
Show the termThe trade promotion unit of the U.S. Department of Commerce’s International Trade Administration. It helps U.S. businesses with exports and sales in foreign markets.
Show the termThe government agency responsible for developing and executing federal policy on farming, agriculture, forestry, and food. It also protects natural resources, fosters rural communities, and works to end hunger in the U.S. and internationally.
Show the termA U.S. federal department responsible for promoting American business and economic growth. It oversees various aspects of domestic and international commerce, including international trade, economic analysis, and technology policy.
Show the termA U.S. government agency that provides support and assistance to small businesses. This includes a variety of programs and services, such as loans, counseling, and training, to help small businesses start, grow, and export.
Show the termA U.S. government agency that promotes U.S. exports by funding feasibility studies and technical assistance projects in developing countries.
Show the termA consumption tax added to the price of goods and services at each stage of production and distribution. This tax is ultimately borne by the end consumer.
Show the termCommon term for all types of machines used for transporting people or/and goods, especially on land, e.g. cars, trucks, buses, etc.
Show the termA watercraft, such as a boat or a ship, used for transportation on water.
Show the termA detailed document that lists all the cargo, passengers, and crew on a vessel. It provides crucial information for customs, immigration, and port authorities.
Show the termA system that monitors and controls ship traffic in a specific area, such as a harbor or port. VTS systems use radar, radio communication, and other technologies to ensure the safe and efficient movement of vessels.
Show the termInsurance coverage that protects against financial losses resulting from war-related events such as invasion, civil war, terrorism, or acts of war.
Show the termA building or facility designed to store goods, merchandise, or materials. Warehouses are used to protect goods from damage, theft, and weather conditions.
Show the termA legal document issued by a warehouse to acknowledge the receipt of goods. It serves as proof of ownership and can be used as collateral for loans.
Show the termThe process of storing goods in a warehouse. This includes activities like receiving, storing, and retrieving goods, as well as inventory management and order fulfillment.
Show the termA structure built along a waterfront for loading and unloading ships. Wharves provide a platform for the transfer of cargo between ships and land-based transportation.
Show the termAn intergovernmental organization that aims to simplify and harmonize customs procedures and regulations worldwide. The WCO is responsible for developing and maintaining the Harmonized System (HS) of tariff classification.
Show the termAn international organization that regulates international trade. The WTO oversees trade agreements, resolves trade disputes, and promotes free trade among member countries.
Show the term