Terms used in shipping such as CATWALK,Census Interface System ,Center of Gravity,Certificate of Inspection etc.
This post explains about terms used in shipping such Cash In Advance,Cash With Order ,CATWALK,Census Interface System ,Center of Gravity,Certificate of Inspection,Cells,Category Groups,CENELEC,Cellular Vessel 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 shipping
Cash Against Documents - A term denoting that payment is made when the bill of lading is presented.
Cash Against Documents (C.A.D.) - A method of payment for goods in which documents transferring title are given to the buyer upon payment of cash to an intermediary acting for the seller, usually a commission house.
Cash In Advance (C.I.A.) - A method of payment for goods in which the buyer pays the seller in advance of the shipment of the goods. Usually employed when the goods are built to order, such as specialized machinery.
Cash With Order (CWO):A method of payment for goods in which cash is paid at the time of order and the transaction becomes binding on both buyer and seller.
Catalog Exhibitions - These promotions are low-cost exhibits of U.S. firms' catalogs and videos which offer small, less-experienced companies an opportunity to test overseas markets for their products without travel. The International Trade Administration promotes exhibitions, provides staff fluent in the local language to answer questions, and forwards all trade leads to participating firms.
Category Groups - Groupings of controlled products.See: Export Control Classification Number.
CATWALK:A raised bridge running fore and aft from the midship, and called “walkway.” It affords safe passage over the pipelines and other deck obstructions.
Cells:The construction system employed in container vessels which permits containers to be stowed in a vertical line with each container supporting the one above it inside the cargo hold.
Cells:The construction system employed in container vessels; permits ship containers to be stowed in a vertical line with each container supporting the one above it.
Cellular Vessel:A vessel designed with internal ribbing to permit the support of stacked containers.
CEN - European Committee for Standardization
CENELEC - European Committee for Electrotechnical Standardization
Census Interface System - The Census Interface System, a part of Customs' Automated Commercial System, includes edits and validations provided by the Bureau of the Census to allow for the accurate and timely collection and submission of entry summary data. Census Interface is accomplished through Automated Broker Interface entry summary transmissions.
Center for Defense Trade - In 1990, the Center for Defense Trade, CDT, was created within the Bureau of Politico-Military Affairs (PM) at the Department of State. CDT was established with the purpose of improving the Department of State's export licensing services. CDT also has responsibility for clarifying all defense trade policy guidelines. The Center includes two offices: - The Office of Defense Trade Controls (DTC) which administers controls on permanent exports and temporary imports of defense articles and technology covered by the U.S. Munitions List (USML) and performs USML export license review and compliance functions. - The Office of Defense Trade Policy (DTP) which seeks to support the efforts of the U.S. defense industry to sell products overseas. DTP provides policy guidance to licensing officers, in support of their efforts to implement the International Traffic in Arms Regulations (ITAR) and provides advice on technology transfer and strategic trade issues.
Center for International Research - CIR analyzes and forecasts world demographic trends and economic developments in selected countries, based on current statistics obtained through international agreements. The center, which is a component of the Commerce Department's Bureau of the Census, conducts research with funds from government and private business sponsors. See: International Data Base.
Center for Trade and Investment Services - CTIS, established in September 1992, promotes increased participation of U.S. businesses in generating economic development in lesser developed countries which receive assistance from the Agency for International Development. Telephone:1-800-USAID-4-U .
Center of Gravity:The point of equilibrium of the total weight of a containership, truck, train or a piece of cargo.
Central African Customs and Economic Union - The Central African Customs and Economic Union (French: Union Douaniere et Economique de l'Afrique Centrale, UDEAC) created in 1966 (revised 1974) to promote establishment of a Central African Common Market with a common external tariff. Members include: the Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea, and Gabon. The Union's headquarters are in Bangui, Central African Republic.
Central African States Development Bank - The Central Africa States Development Bank (French: Banque de Developpement des Etats de l'Afrique Centrale, BDEAC) was created in December 1975 (began operations in January 1977) to provide loans for economic development and to support integration projects. Members include: the Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea, and Gabon.
Bank headquarters are in Brazzaville, Congo.
Central American Bank for Economic Integration - CABEI (Spanish: Banco Centroamericano de Integracion Economico, BCIE) was established in 1960 (began operations in September 1961) to promote economic integration and development. The Bank is an institution of the Central American Common Market. Bank members include: Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. CABEI is associated with the Central American Common Market; bank headquarters are in Tegucigalpa, Honduras. See: Central American Common Market.
Central American Common Market - A first effort to establish a Central American Common Market, CACM (Spanish: Mercado Com£n Centroamericano, MCCA) was attempted in 1960 under the auspeices of the Organiztion of Central American States (OCAS). A restructuring was started in 1973. Members include Honduras, Guatemala, El Salvador, Nicaragua and Costa Rica. The common market will cover all products traded within the region by the end of 1992. A second step toward regional integration will be the establishment of a common external tariff. CACM is associated with the Central American Bank for Economic Integration; headquarters are in Guatemala City, Guatemala. See: Central American Bank for Economic Integration.
Central Europe Free Trade Association - CEFTA is a trade agreement among the "Visegrad" countries -- Poland, the Czech Republic, Slovakia, and Hungary -- that is somewhat parallel to the European Free Trade Association.
Centre Europeen de Recherche Nucleaire - CERN (English: European Center for Nuclear Reseach) is a huge lab used by international collaborators to do frontier work in nuclear and particle physics. The Center, created after World War II and open to physicists from all countries, is funded by countries according to their abilities. The Center is located outside Genvea, partly in Switzerland and partly in France.
Centre Francais du Commerce Exterieur - See: Direction des Relations Economiques Exterieures.
Centro Internacional de Agricultura Tropical - See: Consultative Group on International Agricultural Research.
Centrocon - Voyage Charter-Party used for shipments of grain from the River Plate.
CEPAL - Comision Economica para America Latinay el Caribe
CEPGL - Communaute Economique des Pays des Grands Lacs
CEPT - Conference Europeenne des Administrations des Postes et, des Telecommunications
CERN - Centre Europeen de Recherche Nucleaire
Certificate of Delivery - See: Delivery Verification Certificate.
Certificate of Inspection - A document certifying that merchandise (such as perishable goods) was in good condition immediately prior to shipment. Pre-shipment inspection is a requirement for importation of goods into many developing countries.
CERTIFICATE OF INSPECTION:A certificate usually required for industrial equipment and meat products. There are companies in every port city that specialize in issuing certificates of inspection for machinery. The Meat Inspection Division of the U.S. Department of Agriculture issues certificates of inspection for meat products that are recognized throughout the world.
The above details describes about terms called in freight forwarding such Cash In Advance,Cash With Order ,CATWALK,Census Interface System ,Center of Gravity,Certificate of Inspection,Cells,Category Groups,CENELEC,Cellular Vessel 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 shipping trade below this post.Terms used in shipping such as Carnets,Carload Rate, Carrier, Carryings, Cartage, Case
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