Terms used in shipping such as Canc.,Cancellation Clause,Captain's Protest,Carfloat,cargo handling etc.
This post explains about terms used in shipping such as Calvo Doctrine, Canc.,Cancellation Clause,Captain's Protest,Carfloat,CARGO HANDLING,CARGO RECEIPT,Cargo Sharing,Cargoworthy,Cargoworthiness 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
Calvo Doctrine - The Calvo Doctrine (or principle) holds that jurisdiction in international investment disputes lies with the country in which the investment is located; thus, the investor has no recourse but to use the local courts. The principle, named after an Argentinean jurist, has been applied throughout Latin America and other areas of the world.
Canadian Commercial Corporation - By serving as the prime contractor in government-to-government sales transactions, the CCC facilitates exports of a wide range of goods and services from Canadian sources. In response to requests from foreign governments and international agencies for individual products or services, CCC identifies Canadian firms capable of meeting the customer's requirements, executes prime as well as back-to-back contracts, and follows through with contract management, inspection, acceptance, and payment.
Canadian International Development Agency - CIDA (French: Agence Canadienne de Developpement International) is Canada's official agency which has the task of supporting sustainable development in developing countries. The Agency was established in 1968; headquarters are in Hull, Quebec.
Canal Transit Dues - Charge levied by a canal authority, such as that for the Suez Canal, for transiting. This charge is based on the ship's tonnage.
Canc. – Cancelled
Canceling Date - Last date, agreed in a voyage Charter-Party or time Charter-Party, by which a ship must be available to the charterer at the agreed place at the commencement of the contract. If the ship is not available by that date, the charterer may have the option to cancel the charter under certain circumstances and clauses of the Charter Party.
Cancellation (of a charter) - Repudiation of the contract, most often by the voyage charterer when the ship misses her canceling date, or by a time charterer when the ship is off hire for more than the period stipulated in the Charter-Party.
Cancellation Clause - Charter Party clause specifying the last date known, as the canceling date, on which a ship must be available to the charterer at the agreed place. If the ship arrives after the canceling date, the charterer may have the option to cancel the contract.
cancl. – Cancelling
cap – Capacity
CAP - Common Agricultural Policy, Country Action Plan
capacity: The available space for, or ability to handle, freight.
Capital Account - See: Balance of Payments.
Capital Development Initiative - The CDI, administered by the U.S. Agency for International Development, encourages infrastructure investment in countries in central and Eastern Europe. The CDI provides financial and technical services and assists U.S. businesses by providing up to 50 percent of estimated development work and feasibility study costs for proposed projects in energy, telecommunications, and the environment.
Captain's Protest:A document prepared by the captain of a vessel on arriving at port; shows conditions encountered during voyage, generally for the purpose of relieving ship owner of any loss to cargo and shifting responsibility for reimbursement to the insurance company.
captive cargo port: When most of a port’s inbound cargoes are being shipped short distances and most of its export products come from nearby areas, the port is called a captive cargo port. (Contrast with a transit port.)
CAR - Commercial Activity Report
Car Pooling:Use of individual carrier/rail equipment through a central agency for the benefit of carriers and shippers.
Car Seal:Metal strip and lead fastener used for locking freight car or truck doors. Seals are numbered for record purposes.
Carfloat;A barge equipped with tracks on which up to approximately 12 railroad cars are moved in harbors or inland waterways.
cargo - Goods carried in or on a ship
Cargo - It is a term for merchandise/ commodities/ freight carried by means of transportation.
CARGO HANDLING:The act of loading and discharging a cargo ship.
CARGO INSURANCE:Insurance to protect the financial interest of the cargo owner during transportation in case of a loss.
Cargo Manifest:A manifest that lists all cargo carried on a specific vessel voyage.
Cargo Manifest:A manifest that lists only cargoes, without freight and charges.
Cargo NOS:Cargo Not Otherwise Specified. Usually the rate entry in a tariff that can apply to commodities not covered under a specific item or sub- item in the applicable tariff.
CARGO PLAN:A plan giving the quantities and description of the various grades carried in the ship’s cargo tanks, after the loading is completed.
Cargo Preference:Cargo reserved by a nation's laws for transport only on vessels registered in that nation. Typically the cargo is moving due to a direct or indirect support or activity of the Government.
CARGO PREFERENCE:Reserving a portion of a nation’s imports and exports to national-flag vessels.
Cargo Receipt - It is a receipt of cargo issued by a consolidator for shipment. It is used in ocean freight.
CARGO RECEIPT:Receipt of cargo for shipment by a consolidator (used in ocean freight).
CARGO RETENTION CLAUSES:Clauses introduced by charterers based on shortage of delivered cargo because of increased oil prices.
Cargo Selectivity System - The Cargo Selectivity System, a part of Customs' Automated Commercial System, specifies the type of examination (intensive or general) to be conducted for imported merchandise. The type of examination is based on database selectivity criteria such as assessments of risk by filer, consignee, tariff number, country of origin, and manufacturer/shipper. A first time consignee is always selected for an intensive examination. An alert is also generated in cargo selectivity the first time a consignee files an entry in a port with a particular tariff number, country of origin, or manufacturer/shipper.
Cargo Sharing - Reserving by the authorities of a country of the ocean carriage of its exports and imports to the ships of its own fleet and that of the countries with which it trades, usually in equal proportions, often allowing the ships of other countries a smaller share.
Cargo Tonnage:Most ocean freight is billed on the basis of weight or measurement tons (W/M). Weight tons can be expressed in short tons of 2000 pounds, long tons of 2240 pounds or metric tons of 1000 kilos (2204.62 pounds). Measurement tons are usually expressed as cargo measurement of 40 cubic feet (1.12 meters) or cubic meters (35.3 cubic feet.)
cargo: The freight (goods, products) carried by a ship, barge, train, truck or plane.
Cargo:Freight loaded into a ship.
CARGO:Merchandise/commodities carried by means of transportation.
Cargoworthiness - Fitness of a ship to carry a particular cargo.
Cargoworthy - Said of a ship, being fit to carry a particular cargo.
Caribbean Basin Economic Recovery Act - The CBERA affords nonreciprocal tariff preferences to developing countries in the Caribbean Basin area to aid their economic development and to diversity and expand their production and exports. The CBERA applies to merchandise entered, or withdrawn from warehouse for consumption, on or after January 1, 1984. This tariff preference program has no expiration date.
The above details describes about terms called in freight forwarding such as Calvo Doctrine, Canc.,Cancellation Clause,Captain's Protest,Carfloat,cargo handling,cargo receipt,Cargo Sharing,Cargoworthy,Cargoworthiness 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 freight forwarding trade below this post.Terms used in shipping such as Cairns Group,CABOTAGE,CABNIS ,Cable Address,Bureau Veritas
Related posts about free online training on import and export business:
How to export your product?
How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Bank Pre shipment Finance to exporters
Export Promotion Councils and Commodity Boards, product wise
MEIS scheme for Indian Exporters
Mode of payments in international trade
HEPC,Handloom Export Promotion Council
PEPC,Project Exports Promotion Council of India
Powerloom Development and Export Promotion Council
Plastics Export Promotion Council
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation
How to make DA mode of payment safe
How to make delay in delivery of Shipment?
How to minimize import cargo clearance time? An open logic proposal to WTO