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Cc
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| Cabotage |
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Coast-wide water transportation, navigation or trade between ports of a nation. |
| Call |
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A demand of payment on a loan, often because of failure on the part of the borrower to comply with conditions of the loan.
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| Call Money |
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Currency lent by banks on a very short-term basis, which can be called the same day, at one day's notice or at two days' notice. |
| Capacity To Contract |
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Legal competency to make a contract. |
| Capital Goods |
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Manufactured goods that are productive industrial use. |
| Capital Market |
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The market for buying and selling long term loans, in the form of bonds, mortgages, etc. |
| Captain's protest |
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A document prepared by the captain of a vessel upon arrival in port that notes any unusual conditions encountered during the voyage; relieves the ship owner of liability. |
| Cargo |
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Merchandise hauled by transpiration lines. |
| Cargo Agent |
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An agent appointed by an airline shipping line to solicit and process international air and ocean freight for shipments. |
| Cargo Manifest |
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A list of a ship's cargo or passengers but without a listing of charges. |
| Cargo Selectivity System |
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An ACS module which is used to sort high risk cargo from low risk cargo and to determine the type of examination required. |
| Cargo Tonnage |
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The weight of a shipment or of ship's total cargo expressed in tons. |
| Carnet |
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A customs document permitting the holder to carry or send merchandise temporarily into certain foreign countries (for display, demonstration, or similar purposes) without paying duties or posting bonds. |
| Carriage of Goods by Sea Act
of 1936 |
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A U.S. law which, among other provisions, establishes statutory responsibility for the carrier's liability for certain types of damage. |
| Carrier |
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A legal entity that is in the business of transporting passengers or goods for hire. |
| Carrier's Certificate |
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A document issued by the shipping company which certifies the ownership of the goods to a named individual. |
| Cartage Agent |
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A ground service which provides transport and delivery of freight in areas not directly served by air or ocean. |
| Cartel |
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A collection of independant producers formed to regulate production, pricing, and marketing of members to maximize market power and limit competition. |
| Casus Major |
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A major casualty that is usually accidental, such as flood or shipwreck. |
| Category Groups |
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Groupings of controlled products. |
| Caveat Emptor |
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The purchaser buys at his own risk. |
| CEBB |
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Customs Electronic Bulletin Board: An electronic bulletin board sponsored by US Customs which provides the trade community with up-to-date information, requirements, and operation instructions.
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| Cell |
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The on board storage space for one shipping container on a ship. |
| Census Interface |
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An ACS module that captures US Bureau of Census data.
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| Central Bank |
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An institution with the sole right to issue bank notes and power to dictate the monetary policy for a currency zone. |
| Certificate of Inspection |
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A document verifying the good condition of freight at the time of inspection, usually right before shipping. |
| Certificate of Manufacture |
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A document certifying that the manufacture of goods is complete and the goods are now at the disposal of the buyer. |
| Certificate of Weight |
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A document stating the weight of a shipment. |
| Certification |
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Official proof of authenticity. |
| Cession of Goods |
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A surrender of goods |
| CFR - Incoterms 2000 |
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"Cost and Freight" means that the seller delivers when the goods pass the ship's rail in the port of shipment.
The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time of delivery, are transferred from the seller to the buyer.
The CFR term requires the seller to clear the goods for export.
This term can be used only for sea and inland waterway transport. If the parties do not intend to deliver the goods across the ship's rail, the CPT term should be used. |
| Chargeable Weight |
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The weight of a shipment used in determining freight charges. |
| Charter Service |
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Temporary hiring of an aircraft for the transportation of cargo or passengers. |
| Chartered Ship |
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A ship leased by its owner for a stated time, voyage, or voyages. |
| Chassis |
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A special trailer or undercarriage on which containers are moved over the road. |
| CIF - Incoterms 2000 |
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"Cost, Insurance, and Freight" means that the seller delivers when the goods pass the ship's rail in the port of shipment.
The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time of delivery, are transferred from the seller to the buyer. However, in CIF the seller also has to procure marine insurance against the buyer's risk of loss of or damage to the goods during the carriage.
Consequently, the seller contracts for insurance and pays the insurance premium. The buyer should note that under the CIF term the seller is required to obtain insurance only on minimum cover. Should the buyer wish to have the protection of greater cover, he would either need to agree as much expressly with the seller or to make his own extra insurance arrangements.
The CIF term requires the seller to clear the goods for export.
This term can be used only for sea and inland waterway transport. If the parties do not intend to deliver the goods across the ship's rail, the CIP term should be used. |
| CIP - Incoterms 2000 |
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"Carriage and Insurance paid to" means that the seller delivers the goods to the carrier nominated by him, but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears all risks and any additional costs occurring after the goods have been so delivered. However, in CIP the seller also has to procure insurance against the buyer's risk of loss of or damage to the goods during the carriage.
Consequently, the seller contracts for insurance and pays the insurance premium.
The buyer should note that under the CIP term the seller is required to obtain insurance only on minimum cover. Should the buyer wish to have the protection of greater cover, he would either need to agree as much expressly with the seller or to make his own extra insurance arrangements.
"Carrier" means any person who, in a contract of carriage, undertakes to perform or to procure the performance of transport, by rail, road, air, sea, inland waterway or by a combination of such modes.
If subsequent carriers are used for the carriage to the agreed destination, the risk passes when the goods have been delivered to the first carrier.
The CIP term requires the seller to clear the goods for export.
This term may be used irrespective of the mode of transport, including multimodal transport. |
| City Terminal Service |
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A service provided by some airlines that involves transporting cargo to
in town terminals at lower rates than charged for door to door delivery. |
| Claim |
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A demand of payment for loss due to negligence. |
| Classification |
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The categorization of merchandise. |
| Claused Bill of Lading |
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A notation on the bill of lading which denotes a deficient condition of the goods or packaging. |
| Clean Bill of Lading |
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"A bill of lading received by the carrier for goods delivered in "apparent good order and condition."
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| Clearance |
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The completion of customs entry requirements which results in the release of goods to the importer. |
| Closed-End Transaction |
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A credit transaction with a fixed amount of time for repayment. |
| Coastal Trade |
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Trade between ports of one nation. |
| Collar |
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An agreement that puts upper and lower limits on the interest rate of an agreement that is binding even if the market rate falls outside of this range. |
| Collect Charges |
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Transportation practice where the receiver of the goods pays the charges. |
| Collect on Delivery |
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A service where the purchase price of a good is collected by the carrier upon delivery of the shipment and subsequently payed to the shipper. |
| Collection |
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The presentation for payment of an obligation and the payment thereof. |
| Collection Papers |
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All the documents given to the buyer in order to receive payments for a shipment; includes invoices, bills of lading, etc. |
| Collection System |
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An ACS module that controls and accounts for payments collected by the US Customs Service. |
| Combination Aircraft |
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An aircraft capable of transporting both cargo and passengers on the same flight. |
| Combined Bill of Lading |
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A bill of lading covering a shipment of goods by more than one mode of transportation. |
| Combined Transport |
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Consignment sent by means of various modes of transport. |
| Comity |
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Courtesy, respect, and good will. |
| Command Economy |
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An economic system where decisions about resources are made by a central government authority. |
| Commercial Bank |
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A bank that specializes in accepting demand deposits and granting loans. |
| Commercial Invoice |
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A document which identifies the seller and buyer of a shipment; also includes invoice number, date, shipping date, mode of transport, delivery and payment terms, and description of goods. |
| Commercial Letter of Credit |
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An instrument by which a bank lends its credit to a customer to enable him to finance the purchase of goods. |
| Commercial Officers |
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Embassy officials who assist businesses through arranging appointments with local business and government officials and providing counsel on local trade regulations, laws, and customs. |
| Commercial Paper |
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Negotiable instruments used in commerce. |
| Commercial Set |
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The primary documents required to ship goods; usually includes an invoice, bill of lading, bill of exchange, and certificate of insurance. |
| Commercial Treaty |
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An agreement between two or more countries that establishes the conditions under which business may be contracted. |
| Commingling |
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The packing or mingling of various goods subject to different rates of duty so that the value of each class of goods cannot be readily determined. |
| Commission |
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The amount paid to an agent for their role in the completion of a transaction involving the sale of goods or services. |
| Commodity Code |
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The system of identifying a commodity by a certain number to determine its commodity rate for transport. |
| Commodity Rate |
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The rate applicable to shipping a given commodity between points. |
| Common Point |
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A location serviced by two or more transportation lines. |
| Compensatory Trade |
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A form of countertrade where any combination of goods and services are bartered. |
| Competitive Rate |
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Rate determined by one transportation line to compete with the rate of another transportation line. |
| Complementary Imports |
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Imports of raw materials or products that a country does not internally possess or produce. |
| Compradore |
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An agent in a foreign country employed by a domestic businessman to facilitate transactions with local businesses within the foreign country. |
| Concealed Damage |
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Damage to the contents of a package which appears in good condition from an external view. |
| Concealed Loss |
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Loss from a package bearing concealed damage. |
| Connecting Carrier |
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A carrier which has direct physical connection with another carrier or forms a connecting link between two or more carriers. |
| Consignee |
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The person or firm named in a freight contract to whom goods have been shipped or turned over for care. |
| Consignment |
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Delivery of merchandise from an exporter to an agent for sale by the agent, credited to the exporters account, with a commision earned by the agent. |
| Consignor |
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The entity that ships goods to another for care; the exporter in a consignment relationship. |
| Consolidated Container |
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A shipping container that contains cargo from numerous shippers for delivery to numerous consignees. |
| Consolidation |
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The combining of smaller shipments from a central location into a single shipment that is sent to a destination point at a lower shipping rate. |
| Consolidator |
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A company that provides consolidation services. |
| Consular Invoice |
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An invoice covering the shipment of goods certified by the counsel of the country for which the merchandise is destined.
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| Consulate |
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The offices representing the commercial interests of one country located within the borders of another country. |
| Consumer Goods |
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Any goods produced for the expressed use of individuals rather than the production or manufacturing of other goods. |
| Consumption Entry |
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A customs entry where the importer pays the applicable dues and the goods are released from customs custody. |
| Container |
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"A single rigid, sealed, reusable metal "box" in which merchandise is shipped by vessel, truck, or rail." |
| Container Freight Charge |
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Charge made for the packing or unpacking of cargo from ocean freight containers. |
| Container Load |
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A shipment of cargo that according to weight or volume, will fit any number of standard containers. |
| Container on Flatcar |
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A container without wheels put on railcars for transport. |
| Container Part Load |
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A shipment of cargo that according to weight or volume, will not fit into any number of standard containers. |
| Container Vessel |
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An ocean going vessel designed specifically to handle the the loading, storage and removal of freight containers. |
| Contraband |
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Any product that a nation has labeled as unsuitable to possess, produce, or transport. |
| Contract Carrier |
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Excluding common carriers, any person who under special contract will transport passengers or goods for agreed upon compensation. |
| Convertibility |
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Ease of exchanging one currency for that of another nation or for gold. |
| Core Inflation |
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The basic level of inflation over a period of time as opposed to temporary fluctuations. |
| Corporate Dumping |
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The practice of exporting banned or out of date goods to a foreign market where restrictions on that product are not as severe. |
| Cost Plus |
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A pricing method where the purchaser agrees to pay the production cost of the good plus a fixed percentage to the seller for profit. |
| Country of Departure |
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The country from which a ship or shipment has or is scheduled to depart. |
| Country of Destination |
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The country that is the ultimate destination for a ship or shipment of goods. |
| Country of Dispatch |
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The country from which cargo was shipped. |
| Country of Export Destination |
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The country where the goods are to be consumed, further processed, or manufactured, as known to the shipper at the time of exportation. |
| Country of Exportation |
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Usually, the country in which the merchandise was manufactured and produced and from where it was first exported. |
| Country of Origin |
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The country where merchandise was grown, mined or manufactured. |
| Country Risk |
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The financial risks of a transaction which relate to the political, economic, or social instability of a country. |
| Courier |
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Attendant who accompanies shipments. |
| CPT - Incoterms 2000 |
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"Carriage Paid To" means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears all risks and any other costs occurring after the goods have been so delivered.
"Carrier" means any person who, in a contract of carriage, undertakes to perform or to procure the performance of transport, by rail, road, air, sea, inland waterway or by a combination of such modes.
If subsequent carriers are used for the carriage to the agreed destination, the risk passes when the goods have been delivered on the first carrier.
The CPT term requires the seller to clear the goods for export.
This term may be used irrespective of the mode of transport including multimodal transport. |
| Custody Bill of Lading |
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A bill of lading issued by American warehouses as a receipt for goods stored. |
| Customs |
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A government authority designated to regulate the flow of goods to/from a country and to collect duties levied upon imports and exports. |
| CVD |
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Countervailing duties which are accessed when bounties or grants are paid or bestowed on merchandise exported to the US from a foreign country with material injury to a US industry.
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