Terms used in shipping such as Currency Adjustment Factor,Customhouse Broker,Customhouse Brokers, Customhouse etc.
This post explains about terms used in shipping such as Centistokes,Cross-Town,Currency Adjustment Factor,Customhouse Broker,Customhouse Brokers, Customhouse,Customs Broker,Current Account,Custom Cleared 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
Cross-docking:When freight is unloaded from one trailer onto a dock and then reloaded onto another trailer that is headed toward the freight's final destination.
Cross-Town - When a container or trailer is delivered from one railroad as part of the shipping route, the move is called cross-town shipping.
CROSS-TRADES:Foreign-to-foreign trade carried by ships from a nation other than the two trading nations.
CSA (Customs Self Assessment):A joint Canada/US border initiative aimed at speeding up the customs process on low-risk shipments.
CSCE - Conference on Security and Cooperation in Europe
CSIS - Center for Strategic and International Studies
CSP - Common Standard Level of Effective Protection
CSS - Customized Sales Survey
Cst. - Centistokes - Measure of the viscosity of oils. The greater the number of centistokes, the higher the viscosity of a grade of oil.
CT - Conference Terms - Qualification to a freight rate which signifies that it is subject to the standard terms and conditions of the particular liner conference. These are normally set out in the conference's tariff.
CT – Countertrade
CTD - Committee on Trade and Development
CTF - Certified Trade Fair .. Certified Event
CTIS - Center for Trade and Investment Services
CTP - Composite Theoretical Performance
C-TPAT – (Customs Trade Partnership Against Terrorism).Part of security regime for cargo entering the United States. Importers who meet standards of supply chain security get faster.
Cts. – Crates
Cu.:An abbreviation for "Cubic." A unit of volume measurement.
Cu.:Cubic. A unit of volume measurement.
Cube Out:When a container or vessel has reached its volumetric capacity before its permitted weight limit.
Cube the Shipment:Measure the total cubic feet of the shipment.
Cube:A measure of volume expressed in cubic feet.
Cube:the volume of the shipment or package (length x width x height / 1728).
Cubic Capacity - The total freight load capacity of any truck, train or ship is measured in cubic feet, and therefore the carrying capacity is known in the industry as cubic capacity.
Cubic Foot:1,728 cubic inches.
Cubic Foot:1,728 cubic inches. A volume contained in a space measuring one foot high, one foot wide and one foot long.
cum. - With, Cumulative
Currency Adjustment Factor (CAF):A surcharge percentage applied to freight rates to reflect currency fluctuations between U.S.dollars and other currencies.
Currency Adjustment Factor (CAF):The Currency Adjustment Factor, or CAF, as it is also known, is one of the charges levied during shipping. This charge covers changes to the differing currency exchange rates.
Currency Swaps - See: Swaps.
Current Account - See: Balance of Payments.
Custom Cleared :This is the term commonly used where cargo has been declared to Customs and all Duty Excise Duty and VAT has been paid and goods are then free from Customs control.
Custom House - The government office where duties and/or tolls are placed on imports or exports and are paid on vehicles or vessels entered or cleared.
Custom House Broker:An individual or firm licensed to enter and clear goods through Customs.
custom of the port - Established practice at a port which becomes part of a contract of carriage unless otherwise identified in the contract.
Customhouse Broker:A person or firm, licensed by the treasury department of their country when required, engaged in entering and clearing goods through Customs for a client (importer).
Customhouse Broker:An individual or firm licensed to enter and clear goods through Customs.
Customhouse Brokers - A person or firm, licensed by the Treasury Department, engaged in entering and clearing goods through customs. The duties of a broker include preparing the entry blank and filing it; advising the importer on duties to be paid; advancing duties and other costs; and, arranging for delivery to his client, his trucking firm, or other carrier.
Customhouse:A country Treasury Department office where duties, etc., on foreign shipments are handled.
Customhouse:A government office where duties are paid, import documents filed, etc., on foreign shipments.
Customized Sales Survey - The CSS is a fee-based International Trade Administration service that provides firms with key marketing, pricing, and foreign representation information about their specific products. Overseas staff conduct on-site interviews to provide data in nine marketing areas about the product, such as sales potential in the market, comparable products, distribution channels, going price, competitive factors, and qualified purchasers. Additional information may be provided to clients at additional charge. This product was formerly known as the Comparison Shopping Service.
Customs Bonded Warehouse:A public or privately owned warehouse where dutiable goods are stored pending payment of duty or removal under bond. The storage or delivery of goods are under the supervision ofcustoms officers and if the warehouse is privately owned the keeper has to enter into a bond as indemnity in respect of the goods deposited, which may not be delivered without a release from the customs.
Customs Bonded Warehouse:A warehouse authorized by Customs to receive duty-free merchandise.
Customs Broker - A person or company who is licensed by the U.S. Treasury Department to act on behalf of freight importers and exporters with respect to U.S. Customs transactions.
customs broker: This person prepares the needed documentation for importing goods (just as a freight forwarder does for exports). The broker is licensed by the Treasury Department to clear goods through U.S. Customs. Performs duties related to documentation, cargo clearance, coordination of inland and ocean transportation, dockside inspection of cargo, etc. (Also known as a customhouse broker.)
Customs Broker:A person or corporation licensed by the Australian Customs Service to handle on behalf of importers the process of clearing goods through customs.
Customs Broker:A person or firm, licensed by the treasury department of their country when required, engaged in entering and clearing goods through Customs for a client (importer).
The above details describes about terms called in shipping such as Centistokes,Cross-Town,Currency Adjustment Factor,Customhouse Broker,Customhouse Brokers, Customhouse,Customs Broker,Current Account,Custom Cleared 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 this post.Terms used in shipping such as Counter-offer,Counterfeit Code,Cost of Production , Cost and Freight , Corps of Engineers
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