Currency Adjustment Factor.
Car carriers are special built vessels that are able to transport cars in a manner where they are stored in a garage with ambient control and ventilation. The largest car carriers can transport up to 7.000 units. Such vessels have a construction as a very efficient parking house that are able to propel itself on water. There are several level of internal decks with ramps system to elevate cars up and down to a berth. A large car carrier would typically have a ship crew of about 20 people on board, and has a service speed of 16-18 knots.
Customs document, issued under the terms of a convention, that permits the holder to carry or send merchandise temporarily into foreign countries ( for display, demonstration, or similar purpose) without paying duty or posting bond. Examples are ATA (Admission Temporaire) and TIR ( Transport International Routier). Violation of any of the privileges of CARNET will result in assessment of duty and charges for damage.
Carrier Certificate and Release Order
Used to advise Customs of the shipment’s details. By means of this document, the carrier certifies that the firm or individual named in the certificate is the owner or consignee of the cargo.
A corrugated cardboard container filled at the facility for handling (shipping).
Cubic Meter (35.314 cubic Feet = 1 CBM).
Certificate of Origin
The document certifies that goods were manufactured in the United States. It is signed by the shipper and may also be a certified by a local Chamber of Commerce, notarized, and even visaed by a resident foreign consul. A Certificate of Origin may be required by a foreign government for control purposes, or by the foreign importer to ensure that he receives U.S. goods. Specific C/Os are required for duty reductions with Canada (U.S./Canada Free Trade Agreement) and Israel (U.S./Israel Free trade Area).
Container Freight Station.
The shipment weight used in determining air freight charges. The chargeable weight may be the dimensional weight or for container shipments, the gross weight of the shipment less the tare weight of the container.
A frame with wheels and container locking devices in order to secure the container for movement.
Clean On-Board B/L
A Bill of Lading issued without exceptions.
Abbreviation for “centimeter.”
Collect on Delivery: cost of goods and freight.
Freight payable to the carrier at the port of discharge or ultimate destination. The consignee need not pay if the cargo does not arrive at destination.
A collection is the procedure whereby the exporter entrusts the movement of his commercial documents to a remitting bank for further processing through a collection bank for settlement from the buyer. A Collection Letter is the document used by the remitting bank to relay complete and precise instructions to the collecting bank.
A commercial invoice is the basic statement of the seller to the buyer for payment of the goods shipped. It must conform to any Letter of Credit requirements, foreign government requirements, and U.S. export control requirements regarding destination statements. It is used as one of the primary documents in the collection process, and is the main document used by foreign Customs for control, valuation of the goods, pricing, terms of sale, payment and delivery, credit numbers, import license numbers, shipper and consignee names, and shipping marks and numbers. Commercial invoices are usually signed by the exporter.
Assessment of monetary value of manufactured goods including production costs, packaging, shipping, overhead and profit margin; used to determine duty.
Commodity Control List
List of commodities subject to U.S. Department of Commerce export controls.
Any article or goods of commerce.
Published rates which are applied equally by all the lines belonging to that particular conference for a specific commodity.
The receiver of the shipment. The person or firm named in a freight contract to whom goods have been consigned or turned over. For export control purposes, the documentation differentiates between an “intermediate” consignee and an “ultimate” consignee.
Data about the party goods are shipped to, including: company name, address, city with postal code, country, individual name,
containerized Designation indicating that goods have been stuffed in a container.
Delivery of merchandise from an exporter (the consignor) to an agent (the consignee) under agreement that the agent sell the merchandise for the account of the exporter. The consignor retains title to the goods until sold. The consignee sells the goods for commission and remits the net proceeds to the consignor.
Combined freight traffic
Any freight movement completed with recourse to more than one mode of transport. Cooperation between different carriers (e.g. barge – train – lorry) with the aim of establishing an integrated transport chain. A typical feature of combined traffic is the use of standardized, reusable loading units (e.g. pallets or containers).
The individual or firm shipping the goods. More commonly referred to as the shipper.
Cargo, consisting of shipments from two or more shippers, usually shipped by a firm called a consolidator. These shipments are made by the consolidator to take advantage of lower FCL rates; parts of these savings are usually passed on to the shipper.
Prepared from the information on the commercial invoice by the buyer’s consulate or embassy in the shipper’s country, these documents are usually stamped with an official seal. They may be specific forms required by the destination country’s government or simply copies of the Commercial Invoice. Consular Invoices are required for control of certain commodities and to ensure valuation control.
A document certified by the Consular of some foreign countries verifying the value, quantity and nature of a shipment.
A ship specially designed for transporting containers. The holds have vertical cell guides into which containers are lowered to form secure stacks. Containers are also carried on the deck of the ships in stacks, secured by twist locks and lashing rods.
Cargo which is prohibited by law.
Country of Transshipment
The country through which a shipment must pass and be re-sorted to reach its ultimate destination.
Country of Ultimate Destination
Final country, as known by an exporter, where goods are scheduled to arrive.
A term used to connote fast, expedited, personalized package and document handling.
Container Service Charge. (costs for a country-sided handling of FCL containers at a “free on board” delivery)
A firm that represents importers in dealings with Customs. Normally responsible for obtaining and submitting all documents for clearing merchandise through Customs, arranging inland transport, and paying all charges related to these functions.
International procedure of declaring goods at the Customs Office to gain authorized entry of those goods into a country.
Certain countries require special invoices containing specific information for the Customs clearance and valuation of imported shipments. These documents contain most of the elements of the Commercial Invoice, and are usually in the language of the importing country. The Canadian Customs Invoice is the most popular of this type.
The value of a shipment as declared by the shipper or appraised by Customs to enable determination of accurate import duties.
Container Yard to Container Yard. A type of steamship line service in which freight is transported from origin container yard to destination container yard.