Terms used in export custom clearance such as fish and wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program

 

Terms used in export custom clearance such as fish & wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program etc.

 

This post explains about terms used in custom clearance such as free carrier,fish & wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program,goods,harmonized system etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in custom clearance

 

FCA (FREE CARRIER):The seller's obligation is to hand over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point. If no precise point is indicated by the buyer, the seller may choose within the place or

 

FCL:Acronym for Full Container Load (ocean vessel); contents fill a 20' or 40' ocean box, referred to as a container. See Mode Selection for more information.

 

Federal Maritime Commission:The FMC is an independent agencies which regulates ocean borne transportation in the foreign commerce and in the domestic offshore trade of the United States.

 

Final Destination Mechanism:The customs union approved the mechanism of collecting customs duties at the first entry point for the benefit of country of final destination during the interim period 2003 – 2007.

 

Terms used in export custom clearance such as fish and wildlife,free on board,free alongside ship,free on board,Fish & Wildlife: The Fish and Wildlife Service requires the filing of certain documents, cites, permits, exams and inspections on any species or products that fall under the Fish and Wildlife jurisdiction. A fee will be assessed for UPS preparing and submission of the Fish and Wildlife USFWS form 3177.

 

FOB (FREE ON BOARD): Once the goods have passed over the ship's rail at the port of export the buyer is responsible for all costs and risks of loss or damage to the goods from that point. The seller is required to clear the goods for export. This term should only be used for sea or inland waterway transport.

 

Foreign Trade Zone (FTZ):US Customs approved locations in US where goods are stored until they can enter US commerce.

 

Foreign:Refers to any international location outside of the United States of America.

 

Formal Entry: The entry type required for shipments valued over US$2,500 or for shipments containing specific commodities designated by U.S. Customs and Border Protection.

 

formalities. This term may be used irrespective of the mode of transport.

 

FREE ALONGSIDE SHIP (FAS):“Free Alongside Ship” term means that the seller is deemed to deliver the goods when the goods are placed alongside the ship in the loading point. This situation means that the buyer assumes all costs, damage and loss risks regarding the goods henceforth. FAS term includes clearance of the goods through customs by the seller. This is opposite of previous Incoterms versions stipulating that customs clearance should be done by the buyer which is required for export. However, if the parties wish the goods’ export customs clearance carried out by the buyer, it must be clearly specified in the sale-purchase contract.This term may be used only for ocean or inland vessel carriage.

 

FREE CARRIER (FCA):This term means that the delivery obligation of the seller is limited with the delivery of the goods to the place or point determined by the buyer after clearance on the export customs.If the delivery point is not specified by the buyer, the seller may determine a place near the place where the seller would take delivery of the goods. If commercial applications require cooperation between carrier and the seller (for instance railway and airway transportation) the seller may act provided that all risks and costs are borne by the buyer.

 

FREE ON BOARD (FOB):This term means that delivery obligation of the seller is satisfied when the goods are loaded to vessel rails in the loading port. Buyer assumes all risks for loss and damage related to the goods from this point on. If ship rails does not mean anything in practice (for instance as in roll –on / roll-of or container transportation) use of the term FCA would be more precise.

 

 

 

Freight Collect Lfreight bill to be sent to and paid for by the buyer. Used in conjunction with "E" and "F" terms.

 

Freight Collect, 3rd Party Bill :freight bill to be sent to and paid for by the buyer for a drop-shipment at the request of the buyer to a non-Kodak location. Should be declared in the Incoterms string on the buyer/seller Agreement, and define the named party for which the main carriage transportation and related expenses are to be billed.

 

Freight Forwarder or Forwarder:Company that acts as an agent on behalf of buyer or seller, that arranges for the main and possibly pre or on-carriage transport of cargo with an air, ground, or ocean carrier.

 

Freight Forwarder:An independent business which handles export shipments for compensation. At the request of the shipper, the forwarder makes the actual arrangements and provides the necessary services for expediting the shipment to its overseas destination. The forwarder takes care of all documentation needed to move the shipment from origin to destination, making up and assembling the necessary documentation for submission to the bank in the exporter's name. The forwarder arranges for cargo insurance, makes the necessary overseas communications, and advises the shipper on overseas requirements of marking and labeling. The forwarder operates on a fee basis paid by the exporter and often receives an additional percentage of the freight charge from the common carrier. An export freight forwarder must be licensed by the Federal Maritime Commission to handle ocean freight and by the International Air Transport Association (IATA) to handle air freight. An ocean freight forwarder dispatches shipments from the United States via common carriers, books or arranges space for the shipments, and handles the shipping documentation.

 

Freight Payment Terms:Defines by whom and when freight carriage charges will be paid. By the nature of Incoterms rules, the freight payment terms are defined.

 

Freight Prepaid - freight will be paid in advance by the seller. Used in conjunction with "C" and "D" terms.

 

FTL:Acronym for Full Truck Load; contents fill a truck of varying lengths. See Mode Selection for more information.

 

FTZ:Acronym for Foreign Trade Zone. See Foreign Trade Zone.

 

Global Shipping Program (United States): Any transaction for a GSP Item that is located in the United States ("US") will be treated as a routed export transaction per the requirements of the US Export Administration Regulations (15 Code of Federal Regulations Part 730 et seq.) and the Foreign Trade Regulations (15 Code of Federal Regulations Part 30). In a routed export transaction, you as the buyer assume responsibility for the customs clearance and transportation of the GSP Item to be exported from the United States as well as importation of the GSP Item in compliance with all applicable laws and regulations of the country into which the GSP Item is being imported.

 

Global Shipping Programme (United Kingdom): For any transaction involving a GSP Item that is located in the United Kingdom ("UK"), the Services described above will be provided by either Pitney Bowes itself, its affiliates, or third party logistics providers, shipping carriers, customs brokers, freight forwarders, and/or other subcontractors under contract with Pitney Bowes, but the transaction will not be treated as a routed export transaction and Pitney Bowes will not serve as your forwarding agent as it would for a GSP Item located in the US. Therefore, your Seller is responsible for the exportation of the GSP Item in compliance with all applicable laws or regulations of the United Kingdom. You as the buyer are responsible for transportation and importation of the GSP Item in compliance with all applicable laws and regulations of the country into which the GSP Item is being imported.

 

Goods Owner Representative:Is the agent of the goods owner or their representative registered with the customs administration.

 

Goods Owner: Any natural or legal person whose name is contained in the delivery order issued by the carrier.

 

Goods:Any natural material or agricultural, animal, industrial or intellectual produce mentioned in the tariff nomenclature or may be classified under a tariff heading thereof.

 

Hand Carry:The transportation mode in which a person physically exports something from one country and imports it to another as they, themselves, pass through the international border through Customs.

 

Harmonized System:The Harmonized Commodity Description and Coding System (or Harmonized System, HS) is a system for classifying goods in international trade, developed under the auspices of the Customs Cooperation Council. Beginning on January 1, 1989, the new HS numbers replaced previously adhered-to schedules in over 50 countries, including the United States. For the United States, the HS numbers and four additional digits are the numbers that are entered on the actual export and import documents. Any other commodity code classification number (SITC, end-use, etc.) are just rearrangements and transformations of the original HS numbers.

 

The above details describes about terms called in custom clearance such as free carrier,fish & wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program,goods,harmonized system etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in custom clearance below this post.

 

Related posts about free online training on export and import trade :

 

Terms used in export custom clearance such as fish & wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program etc.

 

This post explains about terms used in custom clearance such as free carrier,fish & wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program,goods,harmonized system etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in custom clearance

 

FCA (FREE CARRIER):The seller's obligation is to hand over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point. If no precise point is indicated by the buyer, the seller may choose within the place or

 

FCL:Acronym for Full Container Load (ocean vessel); contents fill a 20' or 40' ocean box, referred to as a container. See Mode Selection for more information.

 

Federal Maritime Commission:The FMC is an independent agencies which regulates ocean borne transportation in the foreign commerce and in the domestic offshore trade of the United States.

 

Final Destination Mechanism:The customs union approved the mechanism of collecting customs duties at the first entry point for the benefit of country of final destination during the interim period 2003 – 2007.

 

Fish & Wildlife: The Fish and Wildlife Service requires the filing of certain documents, cites, permits, exams and inspections on any species or products that fall under the Fish and Wildlife jurisdiction. A fee will be assessed for UPS preparing and submission of the Fish and Wildlife USFWS form 3177.

 

FOB (FREE ON BOARD): Once the goods have passed over the ship's rail at the port of export the buyer is responsible for all costs and risks of loss or damage to the goods from that point. The seller is required to clear the goods for export. This term should only be used for sea or inland waterway transport.

 

Foreign Trade Zone (FTZ):US Customs approved locations in US where goods are stored until they can enter US commerce.

 

Foreign:Refers to any international location outside of the United States of America.

 

Formal Entry: The entry type required for shipments valued over US$2,500 or for shipments containing specific commodities designated by U.S. Customs and Border Protection.

 

formalities. This term may be used irrespective of the mode of transport.

 

FREE ALONGSIDE SHIP (FAS):“Free Alongside Ship” term means that the seller is deemed to deliver the goods when the goods are placed alongside the ship in the loading point. This situation means that the buyer assumes all costs, damage and loss risks regarding the goods henceforth. FAS term includes clearance of the goods through customs by the seller. This is opposite of previous Incoterms versions stipulating that customs clearance should be done by the buyer which is required for export. However, if the parties wish the goods’ export customs clearance carried out by the buyer, it must be clearly specified in the sale-purchase contract.This term may be used only for ocean or inland vessel carriage.

 

FREE CARRIER (FCA):This term means that the delivery obligation of the seller is limited with the delivery of the goods to the place or point determined by the buyer after clearance on the export customs.If the delivery point is not specified by the buyer, the seller may determine a place near the place where the seller would take delivery of the goods. If commercial applications require cooperation between carrier and the seller (for instance railway and airway transportation) the seller may act provided that all risks and costs are borne by the buyer.

 

FREE ON BOARD (FOB):This term means that delivery obligation of the seller is satisfied when the goods are loaded to vessel rails in the loading port. Buyer assumes all risks for loss and damage related to the goods from this point on. If ship rails does not mean anything in practice (for instance as in roll –on / roll-of or container transportation) use of the term FCA would be more precise.

 

 

 

 

Freight Collect Lfreight bill to be sent to and paid for by the buyer. Used in conjunction with "E" and "F" terms.

 

Freight Collect, 3rd Party Bill :freight bill to be sent to and paid for by the buyer for a drop-shipment at the request of the buyer to a non-Kodak location. Should be declared in the Incoterms string on the buyer/seller Agreement, and define the named party for which the main carriage transportation and related expenses are to be billed.

 

Freight Forwarder or Forwarder:Company that acts as an agent on behalf of buyer or seller, that arranges for the main and possibly pre or on-carriage transport of cargo with an air, ground, or ocean carrier.

 

Freight Forwarder:An independent business which handles export shipments for compensation. At the request of the shipper, the forwarder makes the actual arrangements and provides the necessary services for expediting the shipment to its overseas destination. The forwarder takes care of all documentation needed to move the shipment from origin to destination, making up and assembling the necessary documentation for submission to the bank in the exporter's name. The forwarder arranges for cargo insurance, makes the necessary overseas communications, and advises the shipper on overseas requirements of marking and labeling. The forwarder operates on a fee basis paid by the exporter and often receives an additional percentage of the freight charge from the common carrier. An export freight forwarder must be licensed by the Federal Maritime Commission to handle ocean freight and by the International Air Transport Association (IATA) to handle air freight. An ocean freight forwarder dispatches shipments from the United States via common carriers, books or arranges space for the shipments, and handles the shipping documentation.

 

Freight Payment Terms:Defines by whom and when freight carriage charges will be paid. By the nature of Incoterms rules, the freight payment terms are defined.

 

Freight Prepaid - freight will be paid in advance by the seller. Used in conjunction with "C" and "D" terms.

 

FTL:Acronym for Full Truck Load; contents fill a truck of varying lengths. See Mode Selection for more information.

 

FTZ:Acronym for Foreign Trade Zone. See Foreign Trade Zone.

 

Global Shipping Program (United States): Any transaction for a GSP Item that is located in the United States ("US") will be treated as a routed export transaction per the requirements of the US Export Administration Regulations (15 Code of Federal Regulations Part 730 et seq.) and the Foreign Trade Regulations (15 Code of Federal Regulations Part 30). In a routed export transaction, you as the buyer assume responsibility for the customs clearance and transportation of the GSP Item to be exported from the United States as well as importation of the GSP Item in compliance with all applicable laws and regulations of the country into which the GSP Item is being imported.

 

Global Shipping Programme (United Kingdom): For any transaction involving a GSP Item that is located in the United Kingdom ("UK"), the Services described above will be provided by either Pitney Bowes itself, its affiliates, or third party logistics providers, shipping carriers, customs brokers, freight forwarders, and/or other subcontractors under contract with Pitney Bowes, but the transaction will not be treated as a routed export transaction and Pitney Bowes will not serve as your forwarding agent as it would for a GSP Item located in the US. Therefore, your Seller is responsible for the exportation of the GSP Item in compliance with all applicable laws or regulations of the United Kingdom. You as the buyer are responsible for transportation and importation of the GSP Item in compliance with all applicable laws and regulations of the country into which the GSP Item is being imported.

 

Goods Owner Representative:Is the agent of the goods owner or their representative registered with the customs administration.

 

Goods Owner: Any natural or legal person whose name is contained in the delivery order issued by the carrier.

 

Goods:Any natural material or agricultural, animal, industrial or intellectual produce mentioned in the tariff nomenclature or may be classified under a tariff heading thereof.

 

Hand Carry:The transportation mode in which a person physically exports something from one country and imports it to another as they, themselves, pass through the international border through Customs.

 

Harmonized System:The Harmonized Commodity Description and Coding System (or Harmonized System, HS) is a system for classifying goods in international trade, developed under the auspices of the Customs Cooperation Council. Beginning on January 1, 1989, the new HS numbers replaced previously adhered-to schedules in over 50 countries, including the United States. For the United States, the HS numbers and four additional digits are the numbers that are entered on the actual export and import documents. Any other commodity code classification number (SITC, end-use, etc.) are just rearrangements and transformations of the original HS numbers.

 

The above details describes about terms called in custom clearance such as free carrier,fish & wildlife,free on board,free alongside ship,free on board,freight forwarder,global shipping program,goods,harmonized system etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in custom clearance below this post.Terms used in export custom clearance such as delivered ex ship,direct ship, disclaimers,drawback,duty,entry summary system, ex works

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