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An
agreement to purchase goods at a stated price and under stated terms. |
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According
to value (ad valorm). |
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AFFREIGHTMENT,
CONTRACT OF |
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An agreement by a steamship line to provide cargo space
on vessel at a specified time for a specified price to accommodate an
exporter or importer, who then becomes liable for payment even though
he is later unable to make the shipment. |
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An
insurance provision that all loss or damage to goods is insured expect
inherent vice (self-caused). |
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A tariff imposed to discourage sale of foreign goods in the
United States
market at very low price (below foreign country’s domestic market)
which might hurt
U.S.
manufactures. |
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The
practice of exchanging the currency of one country for that of another
or a series of countries to gain an advantage from the difference in
exchange rates. |
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A
clause in a sales contract outlining the method under which disputes
will be settled. |
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A
number assigned to a contract of affreightment used as an identifying
reference on bills and correspondence. |
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A code
word of less than 10 letters, annually with the Central Bureau of
Registered Addresses, used in lieu of the entire name and address of a
firm receiving or sending cablegrams in order to reduce the number of
words required. |
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CASH AGAINST
DOCUMENTS (C.A.D.) |
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A method of payment for goods in which documents
title are given the buyer upon payment of cash to an acting for the
seller, usually a house. |
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A method of payment for goods in which the buyer pays the seller pays
the seller in advance of the shipment of the goods. Usually when the
good are built to order, such as specialized. |
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A method or payment for goods in which cash is paid at the
time of order and the transaction become on both and seller.c.c:
Current cost. |
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A certified document as to the origin of goods, used in
foreign commerce. |
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Renting of an entire vessel or part of its space for a trip or
stipulated period of time. |
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Cost
and freight. All cost of goods and to the name port are included in
the price quoted. Buyer pays insurance while abroad ship up to
overseas inland destination. |
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Cost, insurance, freight Same as C7F expect seller also provides
insurance up to named destination. C.I.F. & C.: Price includes
commission as well as C.I.F. & E.: Price includes exchange of
currency from
United States
to foreign country. |
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Document of
receipt issued
by a carrier when the goods are received in good order. |
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The representative of the U.S. Treasury Department acting for the
government in connection with traffic to named inland sea ports. |
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A
published code designed to reduce the total number of words required
in a cablegrams. |
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A
symbol placed on package for export for identification purpose;
generally consisting of a triangle, square,circle,diamond,cross,with
letters and or number as well as port of discharge. |
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A government
official residing in a foreign country who is charged with the
interest of his country and its notional. |
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A formal statement goods to be shipped, made to the consul of the
country of the destination. Approval must be obtained prior to
shipment. |
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A
document required by some foreign countries showing exact information
as to consignor,consignee,value and of shipment. CONSULATE: The
jurisdiction, terms of office, or official of a counsul. CONSUMPTION
ENTRY: An official form used for of value, description and the total
duty due on such c.p.d.:L Charter pays dues. |
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A
form of insurance which protects the seller
against loss due to default on the part of
the buyer.c.t.l.o.: Constructive total loss
only. |
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The government office where duties and or
tolls are placed on imports or exports and are paid on or vessels
entered or cleared. COUSTOM HOUSE BROKERS: A person or firm, licensed
by the Treasury Department, in entering and clearing goods customs.
The dutioes of a broker include preparing the entry blank and filing
it: the importer on duties to paid duties and other cost is and for
delivery to his client, his trucking firms, or other carrier. |
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A
schedule of charges by the fedral government on imported or exported
goods. Cwt.: Hundredweight. D.A.: Document for acceptance. |
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Double deck;
demand draft. |
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Documents against sight draft. A method of payment for goods in which
document transferring title to the buyer as soon as he stamped on a
draft payment of the draft. d.: A penny or pence. d/a: When prefixed
to word “vessel must discharged if afloat. D.d.o.: Dispatch
discharging only. |
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Excess
time taken for loading or unloading of a vessel not caused by the
vessel operator, due to the acts of a charter or shipper. Also refer
importing not picked up with in time. |
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Sale
by an exporter directly to a buyer located in a country. |
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An amount
paid to a charter by the vessel operator if loading or unloading in
less time then provided for in the charter party. |
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A
foreign agent to sells directly for a manufacture and maintains
and inventory on hand. D.l.o.: Dispatch loading only. dm. Decimeter |
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A
receipt given for a shipment received or delivered at a shipment pier.
When delivery of a foreign shipment is completed , the dock to the
vessel operator basis for of the bill of loading. |
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DOCUMENTS AGAINST
PAYMENT (D/P) |
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A type of payment for goods in which the documents
transferring to the goods are not given he has paid the value of a
draft issued against him.d.p.: Direct port. |
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A partial
refund of duties paid on goods which are further processed exported in
same condition as imported. |
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