Terms used in shipping such as Commercial Invoice,Commercial Officers , Commercial Treaty,Commercial Risks etc.
This post explains about terms used in shipping such as Commercial Code, Commercial Counterfeiting,Commercial Invoice,Commercial Officers ,Commercial Treaty,Commercial Risks,Committee of Experts,Commercial News USA,Commerce Business Daily 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
Comite Consultatif International des Radiocommunications - See: International Radio Consultative Committee.
Comite Consultatif International Telegraphique et Telephonique - See: International Telegraphic and Telephone Consultative Committee.
Comite Permanent Consultatif du Maghreb - The CPCM (English: Maghreb Permanent Consultative Committee) seeks to improve economic coordination among Maghreb countries, with eventual expectation of establishing a Maghreb economic community. Originally established in October 1964, the committee began operations in February 1966; its headquarters are in Tunis, Tunisia. See: Maghreb States.
Comite Permanent Interetats de Lutte contre la Secheresse dan le Sahel - See: Permanent Interstate Committee for Drought Control in the Sahel.
Commerce Business Daily - CBD is the Commerce Department's daily newspaper which lists government procurement invitations and contract awards, including foreign business opportunities and foreign government procurements.
Commerce Control List - The CCL includes all items -- commodities, software, and technical data -- subject to BXA export controls and incorporates not only the national security controlled items agreed to by CoCom (the "core" list), but also items controlled for foreign policy (i.e., biological warfare, nuclear proliferation, missile technology, regional stability, and crime control) and short supply. The list is divided into 10 general categories: (1) materials, (2) materials processing, (3) electronics, (4) computers, (5) telecommunications and cryptography, (6) sensors, (7) avionics and navigation, (8) marine technology, (9) propulsion systems and transportation equipment, and (10) miscellaneous.
Commercial Activity Report - The Commercial Activity Report, CAR, is prepared annually by the economic and commercial sections of the U.S. Embassies covering over 100 countries where the Department of Commerce is not represented. The CAR assesses the country's political, economic, and business activities, and market potential and strategies for increasing U.S. sales.
Commercial Code - A published code designed to reduce the total number of words required in a cablegram.
Commercial Counterfeiting - This practice involves the manufacture or sale of goods which defraud the purchaser by falsely implying that the products are produced by a reputable manufacturer.
Commercial Information Management System - CIMS is a PC-based system used by International Trade Administration staff in export counseling. CIMS is a trade-related application using National Trade Data Bank CD-ROMs to disseminate market research and international economics data to US&FCS domestic offices and overseas posts. The system includes data on foreign traders and supports local collection and update of information on business contacts.
Commercial Invoice - The commercial invoice is a bill for the goods from the seller to the buyer. These invoices are often used by governments to determine the true value of goods for the assessment of customs duties and are also used to prepare consular documentation. Governments using the commercial invoice to control imports often specify its form, content, number of copies, language to be used, and other characteristics.
Commercial Law Development Program - The CLDP helps Central and Eastern Europe and the Baltic States develop a commercial infrastructure consistent with free market principles. The program, operated through the Commerce Department's International Trade Administration, is part of the U.S. Government's efforts to assist the region. CLPD is also compiling a Language Resources List of U.S. commercial law experts with strong language capabilities.
Commercial News USA - Commercial News USA, CNUSA, is an International Trade Administration (ITA) fee-based magazine, published 10 times per year. CNUSA provides exposure for U.S. products and services through an illustrated catalog and electronic bulletin boards. The catalog is distributed through U.S. Embassies and consulates to business readers in 155 countries. Copies are provided to international visitors at trade events around the world. The CNUSA program covers more than 30 industry categories. To be eligible, products must be at least 51 percent U.S. parts and 51 percent U.S. labor. The service helps U.S. firms identify potential export markets and make contacts leading to representation, distributorships, joint venture or licensing agreements, or direct sales.
Commercial Officers - Commercial officers are embassy officials who assist U.S. business through arranging appointments with local business and government officials, providing counsel on local trade regulations, laws, and customs; identifying importers, buyers, agents, distributors, and joint venture partners for U.S. firms; and other business assistance. At larger posts, International Trade Administration staff perform these functions. At smaller posts, commercial interests are represented by State's economic officers. See: Economic Officers Foreign Service.
Commercial Risks - With respect to Eximbank guarantees, commercial risks cover nonpayment for reasons other than specified political risks. Examples are insolvency or protracted default. See: Political Risks.
Commercial Treaty - An agreement between two or more countries setting forth the conditions under which business between the countries may be transacted. May outline tariff privileges, terms on which property may be owned, the manner in which claims may be settled, etc.
Commission Economique pour l'Europe - See: United Nations Regional Commissions -- Economic Commission for Europe.
Committee for the Implementation of Textile Agreements - CITA is an interagency committee chaired by the Department of Commerce which exercises the rights of the United States under the Multi-Fiber Arrangement. CITA initiates "calls" for consultation when imports of a particular textile product from a particular country disrupt the U.S. domestic market for that product. Other member agencies include the Departments of Labor, State, and Treasury and the United States Trade Representative. See: Multi-Fiber Arrangement.
Committee of Experts - The CE is an autonomous body of 20 independent legal experts appointed by the International Labor Organization (ILO) Governing Body. The CE meets annually prior to the June conference to examine reports of governments on ILO conventions, and information provided by governments on what they have done with newly adopted conventions. The CE submits its report and findings to the International Labor Conference Committee on the Application of Conventions and Recommendations.
Committee on Foreign Investment in the United States - The Committee on Foreign Investment in the United States, CFIUS, was created in 1975 to provide guidance on arrangements with foreign governments for advance consultations on prospective major foreign governmental investments in the United States, and to consider proposals for new legislation or regulation relating to foreign investment. The authority was amended by Section 5021 (the Exon-Florio provision) of the Omnibus Trade and Competitiveness Act of 1988 (Section 721 of the Defense Production Act), which gives the President authority to review mergers, acquisitions, and takeovers of U.S. companies by foreign interests and to prohibit, suspend, or seek divestiture in the courts of investments that may lead to actions that threaten to impair the national security. By Executive Order in December 1988, Treasury has authority to implement the Exon-Florio provision. CFIUS has 11 members: the Secretaries of the Treasury (the chair), State, Defense, and Commerce, the chairman of the Council of Economic Advisors, the U.S. Trade Representative, the Attorney General, the Director of the Office of Management and Budget, the Director of the Office of Science and Technology Policy, the Assistant to the President for National Security Affairs, and the Assistant to the President for Economic Policy. The Assistant Secretary for Trade Development serves as Commerce's representative to CFIUS. The Commerce working group is chaired by the International Trade Administration and includes the Bureau of Export Administration, the Economics and Statistics Administration, the Technology Administration, and the Office of the General Counsel. See: Exon-Florio Foreign Direct Investment in the United States.
Committee on Renewable Energy, Commerce, and Trade - CORECT facilitates the cost-effective use of U.S. renewable energy products and services around the world. The Committee is comprised of 14 federal agencies: the Departments of Commerce, Defense, Energy, Interior, State, and Treasury, the Agency for International Development, Environmental Protection Agency, Export-Import Bank, Overseas Private Investment Corporation, Small Business Administration, Trade and Development Agency, United States Information Agency, and U.S. Trade Representative. The Committee, chaired by Energy, was established by legislation in 1984.
The above details describes about terms called in freight forwarding such as Commercial Code, Commercial Counterfeiting,Commercial Invoice,Commercial Officers ,Commercial Treaty,Commercial Risks,Committee of Experts,Commercial News USA,Commerce Business Daily 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 COMBINED SHIPS,COMBINATION VESSELS, COLLIER, Collection
Related posts about free online training on import and export business:
How to export your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Documentation procedures on high sea sale
How to get non preferential Certificate of Origin, state wise
Types of export containers
SEIS scheme for exporters in India
How does Letter of Credit work?
Offices to contact for Certificate of origin under India MERCOSUR Preferential Trade Agreement
Office to contact for COO under India Malaysia Comprehensive Economic Cooperation Agreement
What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?
What is the Procedure for importing goods through Post offices in India
What is Third Party Exports? Difference between manufacturer exporter and third party exporter.
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance