Terms used in shipping such as Containership,Contracting Parties,Controlled Atmosphere,Conventional ship, Custom of the Port

his post.Terms used in shipping such as Container Terminal,Container Yard,CONTAINER,Containerization

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Terms used in shipping such as Containership,Contracting Parties,Controlled Atmosphere,Conventional ship, Custom of the Port etc.

This post explains about terms used in shipping such as Contract Carrie, Contract,Containership,Contracting Parties,Controlled Atmosphere,Conventional ship, Custom of the Port,Core List ,COPANT 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

Container's internal dimentions :The sizes of the maximal length, width and height of the interior of the container. The width is the distance between the left and right scaleboards, while the length is the distance between the front and rear scaleboards. The parameters determine the internal capacity of the container as well as the maximal dimension of the goods in the container

Container's overall external dimentions: It refers to the sizes of the maximal length, width and height of the container together with all its permanent accessories. It is a vital parameter in identifying if a container can be switched among vessels, underpan vans, trucks and railway vehicles, and has to be known by transport departments.

Containers, Chassis, and Vans (Trailers):Standard trucking companies use vans (or trailers) to move standard dry goods. These trailers consist of a storage box that is permanently attached to a set of wheels (the set of wheels is often known as a truck). Intermodal ocean containers are moved on the road by attaching them to a separate piece of equipment, a chassis, which is essentially a set of wheels on a lightweight frame.

Containership:An ocean vessel specifically designed to carry ocean cargo containers. It is fitted with vertical cells for maximum capacity.

CONTINUOUS BOND:An annual customs bond insuring compliance with all regulations and requirements.

contraband: Goods prohibited in trade (such as weapons going to Iran, anything to Cuba). Smuggled goods.

Contraband:Cargo that is prohibited.

Contract Carrier:Any person not a common carrier who, under special and individual contracts or agreements, transports passengers or property for compensation.

CONTRACT OF AFFREIGHTMENT (COA):A service contract under which a ship owner agrees to transport a specified quantity of fuel products or specialty products, at a specified rate per ton, between designated loading and discharge ports. This type contract differs from a spot or consecutive voyage charter in that no particular vessel is specified.

CONTRACT RATE:This can refer to “service contract” rates which are low, favorable rates fixed over an extended period of time in exchange for which the carrier receives a volume commitment from the shipper.

Contract:A legally binding agreement between two or more persons/organizations to carry out reciprocal obligations or value.

Contracting Parties - Contracting parties are the signatory countries to the GATT. These countries have accepted the specified obligations and privileges of the GATT agreement.

Contractor - Person or company having a loyalty contract with a liner conference and entitled subject to having complied with the terms of the contract, to a contractor's rebate.

Controlled Atmosphere (CA):An atmosphere in which oxygen, carbon dioxide and nitrogen concentrations are regulated, as well as temperature and humidity.

Controlled Atmosphere:Sophisticated, computer-controlled systems that manage the mixtures of gases within a container throughout an intermodal journey reducing decay.

Conv. – Conveyance

Convention - See: International Agreements.

Convention on Contracts for the International Sale of Goods - The UN Convention on Contracts for the International Sale of Goods, CISG, became the law of the United States in January 1988. CISG establishes uniform legal rules governing formation of international sales contracts and the rights and obligations of the buyer and seller. The CISG applies automatically to all contracts for the sale of goods between traders from two different countries that have both ratified the CISG, unless the parties to the contract expressly exclude all or part of the CISG or expressly stipulate a law other than the CISG.

Conventional Arms Transfer - The transfer of non-nuclear weapons, aircraft, equipment, and military services from supplier states to recipient states. U.S. arms are transferred by grants as in the Military Assistance Program (MAP); by private commercial sales; and by government-to-government sales under Foreign Military Sales (FMS). MAP provides defense articles and defense services to eligible foreign governments on a grant basis. FMS provides credits and loan repayment guarantees to enable eligible foreign governments to purchase defense articles and defense services.

Conventional ship:Ship designed with holds which can load almost any type of loose cargo, such as drums, sacks, crates, pallets etc. These ships are designed with their own derricks for loading and unloading.

COOK AND BAKER (CHIEF COOK):Cooks and bakes.

Cooperator Program - See: Foreign Market Development Program.

Coordinating Committee on Multilateral Export Controls - CoCom is an informal organization that cooperatively restricts strategic exports to controlled countries. CoCom controls three lists: (a) the international industrial list (synonymous with the "dual-use" or "core" list), (b) the international munitions list, and (c) the atomic energy list. The 17 CoCom members are: Australia, Belgium, Canada, Denmark, France, the Federal Republic of Germany, Greece, Italy, Japan, Luxembourg, the Netherlands, Norway, Portugal, Spain, Turkey, the United Kingdom, and the United States. Other countries, including: Austria, Finland, Hong Kong, Ireland, New Zealand, Sweden, and Switzerland have been designated as "cooperating countries." These countries receive many of the benefits ascribed to CoCom member countries. CoCom controls exports at three levels, depending on the item and the proposed destination. At the highest or "general exception" level, unanimous approval by CoCom members is necessary. At the next level, "favorable consideration," there is a presumption of approval; the export may be made if no CoCom members objects within 30 days of submission to CoCom. At the lowest level, "national discretion" (also called "administrative exception"), a member nation may approve the export on its own, but CoCom must be notified after the fact. CoCom is scheduled to terminate on March 31, 1994.

Coordination Council for North American Affairs - The CCNAA, the counterpart to the American Institute in Taiwan, unofficially represents Taiwan's interests in the United States. The Council provides information on trade, business, and investment opportunities to the American business community. Council headquarters are in Washington, D.C. See: American Institute in Taiwan.

COP - Cost of Production

COP - Custom of the Port - Established practice at a port, which becomes part of a contract of carriage unless otherwise provided for in the contract. Frequent examples are daily rate of loading and discharging, and the point where a carrier's responsibility ends in a liner terms contact.

COPANT - Comision Panamericana de Normas Tecnicas

Coproduction - Coproduction is a U.S. government program implemented either by a government-to-government arrangement or through specific licensing arrangements by designated commercial firms. These programs enable foreign entities to acquire the know-how to manufacture or assemble, repair, maintain, and operate all or part of a specific defense item or weapon, communication, or support system.

Copy Bill of Ladinq - Reproduction of a Bill of Lading intended to be used for administrative purposes only and not for taking delivery of the goods or for transferring title to them.

Core List - National security controls are based largely on CoCom's international industrial list (known generally as the "core list"), which replaced the old industrial list effective September 1991. The core list includes items in ten 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.

CORECT - Committee on Renewable Energy, Commerce, and Trade

The above details describes about terms called in shipping such as Contract Carrie, Contract,Containership,Contracting Parties,Controlled Atmosphere,Conventional ship, Custom of the Port,Core List ,COPANT 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 business below t