Terms used in international trade business such as Heavy Lift,Hedging Tools,House air waybill ,House bill of lading ,Import,IBCC-Net etc.
This post explains about terms used in international trade business such as Hazardous material ,Heavy Lift,Hedging Tools,House air waybill ,House bill of lading ,Import,IBCC-Net, Hazardous substance 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
HAWB:House Air Waybill
Hazard class or UN hazard class - Category of hazard assigned to a hazardous material under the definitional criteria of part 173 of the DOT regulations. A material may meet the defining criteria for more than one hazard class, but is assigned to only one hazard class.
Hazardous material - Substance or material that the DOT has determined is capable of posing an unreasonable risk to health, safety, and property when transported in commerce. The term includes hazardous substances, hazardous wastes, marine pollutants, elevated temperature materials, materials designated as hazardous in the Hazardous Materials Table and materials that meet the defining criteria for one or more of the nine UN hazard classes and divisions.
Hazardous substance - Material, including its mixtures and solutions, that (1) Is listed in the appendix A to §172.101 of 49 CFR; (2) Is in a quantity, in one package, which equals or exceeds the reportable quantity (RQ) listed in the appendix A to §172.101 of 49 CFR; and (3) When in a mixture or solution is in a concentration by weight which equals or exceeds the concentration corresponding to the RQ of the material, as shown in Appendix A to Part 172.101 of 49 CFR.
Hazmat - Hazardous material.
HBL:House Bill of Lading
HCS:Harmonised Commodity System
Heavy Lift - Single commodities too heavy to be lifted by the ship's regular equipment.
Heavy lift charge - Extra charge for cargo which needs extra or heavy equipment to load or unload, charge assessed for cargo over a certain length.
Hedging Tools: Hedging tools provide a way to protect against the potential currency exchange risks of the market. The frequently used hedging tools for international trade are netting, forward contract, futures contracts and currency options. Regarding exports from the US, it is an agreement with a bank whereby the exporter is guaranteed a definite rate of exchange upon presentation of a specified foreign currency on a predetermined rate.
HH/Goods - Household goods.
HL:Heavy Lift
HM - Hazardous Materials.
The above details describes about terms called in international trade business such as Hazardous material ,Heavy Lift,Hedging Tools,House air waybill ,House bill of lading ,Import,IBCC-Net, Hazardous substance 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 general average,general license,general order,Gross weight,Guideline Lease
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