Terms used in shipping such as Global Export Manager ,Gold Key Service ,Gooseneck,GRAIN CAPACITY,Grain elevator etc.
This post explains about terms used in shipping such as Generator Set,Genset,General Tariff ,Global Export Manager ,Gold Key Service ,Gooseneck,GRAIN CAPACITY,Grain elevator,Grandfather Clause 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
General Tariff - A tariff that applies to countries that do not enjoy either preferential or most-favored-nation tariff treatment. Where the general tariff rate differs from the most-favored-nation rate, the general tariff rate is usually the higher rate.
Generalized System of Preferences - The Generalized System of Preferences, GSP, is a framework under which developed countries give preferential tariff treatment to manufactured goods imported from certain developing countries. GSP is one element of a coordinated effort by the industrial trading nations to bring developing countries more fully into the international trading system. The U.S. GSP scheme is a system of nonreciprocal tariff preferences for the benefit of these countries. The U.S. conducts annual GSP reviews to consider petitions requesting modification of product coverage and/or country eligibility. United States GSP law requires that a beneficiary country's laws and practices relating to market access, intellectual property rights protection, investment, export practices, and workers rights be considered in all GSP decisions.
Generator Set (Gen Set):;A portable power generator, which converts fuel into electrical power by mechanical means, and from which a reefer draws power. A clip-on generator set is mounted to the front of the refrigeration unit. An underslung generator set is mounted to the chassis upon which the reefer is mounted for handling and transport. The underslung generator set can be either side-mounted or center-mounted on the chassis.
Genset (Generator Set):A portable power generator, which converts fuel into electrical power by mechanical means, and from which a reefer draws power. A clip-on generator set is mounted to the front of the refrigeration unit. An under slung generator set is mounted to the chassis upon which the reefer is mounted for handling and transport. The under slung generator set can be either side-mounted or center-mounted on the chassis.
GEOGRAPHICAL ROTATION:Ports in order of calling
Gesellschaft mit beschrunker Haftung - The GmbH (German, meaning: "limited liability company") is a corporation with separate legal personality. Its shareholders participate in the original share capital with their initial contributions but are not liable to the company's creditors. One person alone can form a limited liability company but legal entities may also be shareholders. The firm name of a limited liability company must either be derived from the purpose of its business or -- as in the case of limited partnerships -- from the name of the shareholder or a combination of both. It must always state "with limited liability" (mbH).
GFW - General License - Free World
GIE - Groupement d'Intert Economique
GL - General License
Gless – Gearless Ship - Ship which is not equipped with her own crane(s) or derrick(s). When chartering or scheduling such a ship for a particular voyage, it is necessary to ensure that the loading and discharging ports have shore cranes capable of lifting up to the heaviest piece weight of the ship's cargo.
Global Environmental Facility - The GEF is aimed at four global problems: climate change, pollution of international waters, destruction of biodiversity, and depletion of stratospheric ozone. The Facility was started in 1990 as a pilot project to help developing countries protect the environment and to transfer environmentally benign technology to these nations. The program is jointly administered by the World Bank, the U.N. Environment Program, and the U.N. Development Program.
Global Export Manager - The Global Export Manager, GEM, is an electronic system for collecting and disseminating trade leads and business opportunities. GEM is maintained by the National Association of State Development Agencies (NASDA).
Global Quota - A global quota is a quota on the total imports of a product from all countries.
GLR - General License - Return (Replacement)
GLV - General License - Shipments of Limited Value
GmbH - Gesellschaft mit beschrnker Haftung
G-NNR - General License - Non-Naval Reserve
GNP - Gross National Product
GNP:Gross National Product: GDP plus the net income accruing from foreign sources.
Go-Down:In the Far East, a warehouse where goods are stored and delivered.
Gold Key Service - The Gold Key Service is an International Trade Administration service that provides customized information for U.S. firms visiting a country -- market orientation briefings, market research, introductions to potential business partners, an interpreter for meetings, assistance in developing a market strategy, and help in putting together a follow-up plan. Trade Specialists design an agenda of meetings, screen and select the right companies, arrange meetings with key people, and go with U.S. representatives to ensure that no unforeseen difficulties occur.
Gooseneck:The front rails of the chassis that raise above the plane of the chassis and engage in the tunnel of a container leading to the connection to tractor.
GOVERNMENT IMPELLED:Cargo owned by or subsidized by the Federal Government.
Government Procurement Policies and Practices - The term refers to a nontariff barrier to trade involving the discriminatory purchase by official government agencies of goods and services from domestic suppliers, despite their higher prices or inferior quality as compared with competitive goods that could be imported.
GR WT./GW:Gross Weight.
gr. - Grain, Gross
Gr.t. - Gross ton
Grain / Grain Capacity - Total cubic capacity of a ship's holds available for the carriage of grain or any other free-flowing bulk cargo which is capable of filling the space between the ship's frames It is expressed in cubic feet or cubic meters. See corresponding term bale I bale capacity.
GRAIN CAPACITY:Cubic capacity in “grain”
Grain elevator: Facility at which bulk grain is unloaded, weighed, cleaned, blended and exported.
Grandfather Clause - The General Agreement on Tariffs and Trade (GATT) provision that allows the original contracting parties to exempt from general GATT obligations mandatory domestic legislation which is inconsistent with GATT provisions, but which existed before the GATT was signed. Newer members may also "grandfather" domestic legislation if that is agreed to in negotiating the terms of accession. (U.S. legislation also provides for "grandfather clauses.")
Gray Market Imports - This term refers to imports bearing a genuine trademark but imported by a party other than the trademark holder or authorized importer.
GREAT LAKES SHIP:Cargo ship developed to carry raw materials and manufactured goods on the Great Lakes. Most carry bulk cargoes of grain, iron ore, or coal.
GRI - General Rate Increase - Periodic increase to all the base freight rates in the tariff of a liner conference or shipping line.
GRI:Abbreviation for "General Rate Increase." Used to describe an across-the-board tariff rate increase implemented by conference members and applied to base rates.
GROSS AND NET TONNAGE (GT AND NT):Gross tonnage is the basis on which manning rules and safety regulations are applied, and registration fees are reckoned. Port fees are also often reckoned on the basis of GT and NT. GT and NT are defined according to formulas which take account, among other things, of the volume of the vessel’s enclosed spaces (GT) and the volume of its holds (NT).
The above details describes about terms called in shipping such as Generator Set,Genset,General Tariff ,Global Export Manager ,Gold Key Service ,Gooseneck,GRAIN CAPACITY,Grain elevator,Grandfather Clause 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 General License,General License CREW,General License-GFW,General License-GLOG
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