Terms used in international trade business such as Certificate of inspection,Certificate of free sale,Certificate of manufacture, Charter party etc.
This post explains about terms used in international trade business such as Certificate of Acceptance,Certificate of inspection,Certificate of free sale,Certificate of manufacture, Charter party,CHARTER PARTY,Chemtrec,CIF&C 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 international trade business
Certificate of Acceptance: Term used in leasing. A document whereby the lessee acknowledges that the equipment to be leased has been delivered, is acceptable, and has been manufactured or constructed according to specifications.
Certificate of analysis/certificate of inspection: Documents that may be asked for by the importer and/or the authorities of the importing country, as evidence of quality or conformity to specifications.
Certificate of free sale - Document issued by a government entity stating that the goods specified thereon comply with the exporting country's laws for distribution and sale within that country. This document provides assurance to the importing country that the goods meet certain prescribed standards. Most often issued for food product, cosmetics, drugs, and medical devices.
Certificate of inspection - A document certifying that merchandise (such as perishable goods) was in good condition immediately prior to its shipment.
Certificate of insurance: shows insurance cover has been arranged for goods being exported. It should detail the degree of cover and list the policy number and all other relevant details.
Certificate of manufacture - A statement (often notarized) in which a producer of goods certifies that manufacture has been completed and that the goods are now at the disposal of the buyer.
Certificate of origin (C/O): statement on the origin of goods. You may need one if you're exporting to a number of countries. They're available from your chamber of commerce for goods of EU origin.
Certificates of Origin:Specific certificates of origin are sometimes required for countries involved in special trade agreements, such as the North American Free Trade Agreement (NAFTA), which was signed by Canada, Mexico, and the United States. For instance, the NAFTA certificate of origin validates that a good originated in a NAFTA country and is eligible for the preferential duty rate. The specific Certificate of Origin varies across the 14 Free Trade Agreements the United States has with 20 countries.
CET:Central European Time / Common External Tariff (customs)
cf (cu ft):Cubic Feet
Cf or C/fwd:Carried Forward
CFR: cost and freight. This is an Incoterm - see the Incoterms 2000 website for more information. The seller clears the goods for export and meets the cost of carriage to the port in the destination country. But the buyer bears all risks after delivery, which occurs when goods pass over the ship's rail in the port of shipment. The buyer also bears any extra costs caused by events that happen after delivery.
CFS/CFS - Cargo movement delivered loose at origin point, devanned by carrier at destination, and picked up loose at destination terminal.
CFS/CY - Loose cargo received at origin point, loaded in a container by carrier, then delivered intact at destination.
CFS:Container Freight Station
CFTC:Commodity Futures Trading Commission (USA)
Cge Pd:Carriage Paid
CGSA:Carriage of Goods by Sea Act
Ch Fwd:Charges Forward
Ch Pd:Charges Paid
CH:Customs House
Chamber of Commerce:An association of businessmen whose purpose is to promote commercial and industrial interests in the community.
CHAPS:Clearing House Automated Payment System
Charges Forward:Charges payable by the consignee on arrival
Charter - Use of an entire vessel.
Charter party - A written contract, usually on a special form, between the owner of a vessel and a "charterer" who rents use of the vessel or a part of its freight space. The contract generally includes the freight rates and the ports involved in the transportation.
Charter party bill of lading: Bill of lading issued by the charterer or hirer of a vessel. Unpopular with banks, because situations can arise when the owner of the vessel has a claim on the goods.
CHARTER PARTY: Renting of an entire vessel or part of its freight space for a specified voyage or stipulated period of time.
Chassis - Wheeled flat bed trailer on which to mount a cargo container for transport.
CHB - Customhouse Broker
Chemical Weapons Convention - Signed by some 160 nations, the CWC prohibits the development, production, stockpiling, distribution or use of chemical weapons.
Chemtrec - Chemical Transportation Emergency Center ; organization available on a 24-hour basis to provide emergency response information to anyone involved in hazardous chemical accidents. 800-424-9300
CHIEF:Customs Handling of Import/Export Freight
CHINPAC:China Sea, Indian and Pacific Oceans
CHIPS:Clearing House Inter-bank Payments System
CHO:Containers Carried in Holds
Chq.:Cheque
CIA:Cash In Advance
Cia:Spanish word for company
CIBS: Canada's International Business Strategy. A blueprint consisting of a series of international business strategies spanning 27 key industry sectors. Created to ensure Government international strategies and initiatives reflect the real needs of Canadian industry.
CIF - Cost, Insurance, freight : a pricing term indicating that the cost of the goods, insurance, and freight are included in the quoted price.
CIF - See Cost, insurance & freight.
CIF & C - Cost, insurance, freight and commission. (also CIF & I – Cost, insurance, freight, and interest); and CIF & CI (Cost, insurance, freight, commission and interest). These are variants on the standard Incoterms 1990 term CIF and not covered by international standard definitions.
CIF & E - Cost, insurance, freight, and (currency) exchange. A pricing term indicating that these costs are included in the quoted price. This is a variant on the standard Incoterms® CIF and not covered by international standard definitions.
CIF ( Cost, insurance, freight ) - A pricing term indicating that the cost of the goods, insurance and freight are all included in the quoted price.
CIF&C:Cost, Insurance, Freight and Commission
CIF&E:Cost, Insurance, Freight and Exchange
The above details describes about terms called in international trade business such as Certificate of Acceptance,Certificate of inspection,Certificate of free sale,Certificate of manufacture, Charter party,CHARTER PARTY,Chemtrec,CIF&C etc. These phrases may help importers and exporters on their day to day export import business activities. The readers can also add more information about terms used in international business trade below this post.Terms used in international trade business such as carnet,cash against documents,cash with order,category groups,ccc mark
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