Terms used in shipping such as certificate of origin,certified trade fair program,certified trade missions,cost and freight,container freight station etc.
This post explains about terms used in shipping such as certificate of manufacture , certificate of origin,certified trade fair program,certified trade missions,cost and freight,container freight station,pier to pier,pier to house,container freight station 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
Certificate of Manufacture - A document (often notarized) in which a producer of goods certifies that the manufacturing has been completed and the goods are now at the disposal of the buyer.
CERTIFICATE OF MANUFACTURE:A document used under a letter of credit containing an affidavit that goods have been manufactured and are being held for the account and risk of the buyer. In war times when transportation facilities are disrupted, it is common for letters of credit to be paid against presentation of a certificate of manufacture. This is rare in ordinary times, except in the case of specially manufactured goods.
Certificate of Origin - Certain nations require a signed statement as to the origin of the export item. Such certificates are usually obtained through a semiofficial organization such as a local chamber of commerce. A certificate may be required even though the commercial invoice contains the information.
Certificate of Origin (C of O, Form A):A document certifying the country in which the goods originated. It’s normally issued or signed by the relevant Government Department, Chamber of Commerce or Embassy of the exporting country. These aren’t always required but can be used to lower import duties from certain countries.
CERTIFICATE OF REGISTRY:A document specifying the nation registry of the vessel.
Certificate:A general term for any document issued by the seller or another party, certifying to some action having taken place or some fact about the goods.
Certified Trade Fair Program - The Department of Commerce Certified Trade Fair Program is designed to encourage private organizations to recruit new-to-market and new-to-export U.S. firms to exhibit in trade fairs overseas. To receive certification, the organization must demonstrate: (1) the fair is a leading international trade event for an industry and (2) the fair organizer is capable of recruiting U.S. exhibitors and assisting them with freight forwarding, customs clearance, exhibit design and setup, public relations, and overall show promotion. The show organizer must agree to assist new-to-export exhibitors as well as small businesses interested in exporting. In addition to the services the organizer provides, the Department of Commerce will: - assign a Washington coordinator; - operate a business information office, which provides meeting space, translators, hospitality, and assistance from U.S. exhibitors and foreign customers; - help contact buyers, agents, distributors, and other business leads and provide marketing assistance; - provide a press release on certification.
Certified Trade Missions - Certified trade missions (formerly State/Industry Organized, Government Approved trade missions) are planned and organized by state development agencies, trade associations, chambers of commerce, and other export-oriented groups. To qualify for U.S. government sponsorship, organizers of this type of trade mission must agree to follow International Trade Administration criteria in planning and recruiting the mission. ITA offers guidance and assistance from planning through completion of the mission and coordinates thel, Consulate General
Cesser Clause - Clause in a voyage Charter-Party which seeks to relieve the charterer of all responsibility under the contract once the cargo has been shipped. Often this clause incorporates a provision for the shipowner to have a lien on the cargo for freight, deadfreight and demurrage.
CFR - Cost and Freight - Sales term denoting that the seller is responsible for arranging and paying for the carriage of the goods to the agreed port of discharge. Risk of loss and damage generally passes to the buyer when the goods pass ship's rail at the port of loading.
CFR Cost and Freight (named port of destination) – Incotrems:The seller must pay the costs and freight necessary to bring the goods to the named destination but the risk of loss of or damage to the goods is transferred from the seller to the buyer when the goods pass the ship's rail in the port of shipment. The seller is responsible to clear the goods for export. This term very specifically requires the carriage of the goods in a "seagoing vessel".
CFR (Cost and Freight) :The seller must pay the costs and freight required in bringing the goods to the named port of destination. The risk of loss or damage is transferred from seller to buyer when the goods pass over the ship’s rail in the port of shipment. The seller is required to clear the goods for export. This term should only be used for sea or inland waterway transport.
CFR (Cost and Freight):This term formerly known as CNF (C&F) defines two distinct and separate responsibilities. The first deals with the actual cost of merchandise “C” and the second refers to the freight charges to a predetermined destination point “F”. It is the shipper/seller’s responsibility to get goods from their door to the port of destination. “Delivery” is accomplished at this time. It is the buyer’s responsibility to cover insurance from the port of origin or port of shipment to buyer’s door. Given that the shipper is responsible for transportation, the shipper also chooses the forwarder.
CFR:A pricing term indication that the cost of the goods and freight charges are included in the quoted price.
CFS (CONTAINER FREIGHT STATION):The term CFS at loading port means the location designated by carriers for the receiving of cargo to be packed into containers by the carrier. At discharge ports, the term CFS means the bonded location designated by carriers in the port area for unpacking and delivery of cargo.
CFS -[check Container Freight Station]
CFS CHARGE (CONTAINER FREIGHT CHARGE):The charge assessed for services performed at the loading or discharging port in the packing or unpacking of cargo into/from containers at CFS.
CFS RECEIVING SERVICES:The service performed at the loading port in receiving and packing cargo into containers from CFS to CY or shipside. “CFS Receiving Services” referred herein are restricted to the following:(1) Moving empty containers from CY to CFS (2) Drayage of loaded containers from CFS to CY and/or ship’s tackle. (3) Tallying. (4) Issuing dock receipt/shipping order (5) Physical movement of cargo into, out of, and within CFS (6) Stuffing, sealing, and marking containers (7) Storage. (8) Ordinary sorting and stacking. (9) Preparing carrier’s internal container load plan.
CFS/CFS (PIER TO PIER):The term CFS/CFS means cargo delivered by breakbulk to carrier’s container freight station (CFS) to be packed by carrier into containers and to be unpacked by carrier from the container at carrier’s destination port CFS.
CFS/CFS:A kind of cargo movement by container. Delivered loose at origin point with vanning by carrier, devanned by carrier at destination, and picked up loose at destination.
CFS/CY (PIER TO HOUSE):The term CFS/CY means cargo delivered breakbulk to carrier’s CFS to be packed by carrier into containers and accepted by consignee at carrier’s CY and unpacked by the consignee off carrier’s premises, all at consignee’s risk and expense.
CFS:Abbreviation for "Container Freight Station." A shipping dock where cargo is loaded ("stuffed") into or unloaded ("stripped") from containers. Generally, this involves less than
CFS:Container Freight Station - place or depot where individual LCL cargo is loaded into, and unloaded from, containers
CFS:Container Freight Station. A carrier facility where Less Than Container load shipments are consolidated or unloaded.
CFS:Container Freight Station. A shipping dock where cargo is loaded ("stuffed") into or unloaded ("stripped") from containers. Generally, this involves less than containerload shipments, although small shipments destined to same consignee are often consolidated. Container reloading from/to rail or motor carrier equipment is a typical activity.
CGIAR - Consultative Group on International Agricultural Research
Chaebol - Chaebol are Korean conglomerates which are characterized by strong family control, authoritarian management, and centralized decision making. Chaebol dominate the Korean economy, growing out of the takeover of the Japanese monopoly of the Korean economy following World War II. Korean government tax breaks and financial incentives emphasizing industrial reconstruction and exports provided continuing support to the growth of Chaebols during the 1970s and 1980s. In 1988, the output of the 30 largest chaebol represented almost 95% of Korea's gross national product.
Chambre de Cooperation de l'Afrique de l'Ouest - See: West African Clearing House.
chandlers: Like a hotel at sea, a ship needs many supplies to operate and serve its crew-- groceries; paper products; engine parts; electronics; hardware; etc. A chandler sells these supplies to the ship’s agent. Originally, chandlers (candle makers) provided illumination to ships. Over time they expanded the variety of products they could provide to ships.
The above details describes about terms called in freight forwarding such certificate of manufacture , certificate of origin,certified trade fair program,certified trade missions,cost and freight,container freight station,pier to pier,pier to house,container freight station 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 CATWALK,Census Interface System ,Center of Gravity,Certificate of Inspection
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