Related Entries of the International Encyclopedia:

1. CFS CFS Charge in International Trade Meaning of Cfs Charge, according to the Dictionary of International Trade (Global Negotiator): The charge assessed for services performed at the origin or destination for loading or unloading of cargo into/from containers at a CFS Container Freight Station....
2. Freight Rate LCL/fcl in International Trade Meaning of LCL/fcl, according to the Dictionary of International Trade (Global Negotiator): A way of quoting container freight rates in which the carrier agrees to pack the container at the outset (LCL) but unpacking at destination must be carried out by the [...]...
3. Cargo Insurance Cargo Insurance in International Trade Meaning of Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance placed on goods during transportation....
4. Marine Cargo Insurance Marine Cargo Insurance in International Trade Meaning of Marine Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance covering loss of, or damage to, goods at sea. Marine insurance typically compensates the owner of merchandise for losses in excess [...]...
5. Freight Summary of Freight The earnings that a carrier derives from the carriage of merchandise. Freight should not be confused with cargo, which is the merchandise itself. Also, the term freight is used to represent payment made by a charterer to the vessel's owner for use of a ship under a [...]...
6. Inland Haulage Charges IHC Inland Haulage Charges in International Trade Meaning of Ihc Inland Haulage Charges, according to the Dictionary of International Trade (Global Negotiator): Inland Haulage Charges means the transportation charges from inland container freight station to sea port of loading or vice versa. [...]...
7. Weight W/M in International Trade Meaning of W/m, according to the Dictionary of International Trade (Global Negotiator): Weight or measurement is a method of quoting freight rates: 1. for sea freight, per metric ton (1.000 kilograms) or per cubic meter (35.3 cubic feet) whichever is greater; 2. for [...]...
8. Loading Summary of Loading A risk premium in addition to interest charges and acceptance fees deducted by a bank or discount house from the face value of a bill of exchange (read here for further details) presented for discounting. This additional margin will vary, depending upon the quality of the [...]...
9. Cargo Insurance Certificate Cargo Insurance Certificate in International Trade Meaning of Cargo Insurance Certificate, according to the Dictionary of International Trade (Global Negotiator): A document indicating the type and amount of insurance coverage in force on a particular shipment. Used to assure the consignee [...]...
10. Guaranteed Freight Guaranteed Freight in International Trade Meaning of Guaranteed Freight, according to the Dictionary of International Trade (Global Negotiator): Freight charges that are not prepaid but are payable whether the cargo is delivered or not, provided that failure to deliver resulted from causes [...]...
11. Destination Delivery Charge Destination Delivery Charge in International Trade Meaning of Destination Delivery Charge, according to the Dictionary of International Trade (Global Negotiator): A charge, based on the container size, which is applied in many tariffs to cargo. This charge is considered accessorial and is [...]...
12. Clean Collection Clean Collection in International Trade Meaning of Clean Collection, according to the Dictionary of International Trade (Global Negotiator): A letter of instructions to a presenting bank accompanied by a draft and often invoices, but not accompanied by any document restricting possession or [...]...
13. Special Cargo Policy A marine cargo policy issued to cover a specific shipment. A special policy may be issued when the shipper infrequently transports goods by water, or when the merchandise is so unusual or so valuable as to warrant a special policy. Frequent shippers customarily obtain an Open Policy (...
14. Freight Prepayable Freight Prepayable in International Trade Meaning of Freight Prepayable, according to the Dictionary of International Trade (Global Negotiator): Terminology designed by carriers to provide transportation documentation indicating the freight charges are for the account of the shipper, while no [...]...
15. Dead Freight A payment made by a charterer to the owner of a vessel as compensation for stowing the ship to less than its capacity. The charterer is bound to ship a "full and complete cargo"; since freight is payable only on the cargo actually shipped, failure to deliver a full load deprives the [...]...
16. Insurance Broker Insurance Broker in International Trade Meaning of Insurance Broker, according to the Dictionary of International Trade (Global Negotiator): An individual or firm who represents buyers of insurance and deals with insurance companies or their agents in arranging for insurance coverage for the [...]...
17. Insurance Certificate Insurance Certificate in International Trade Meaning of Insurance Certificate, according to the Dictionary of International Trade (Global Negotiator): A document used so that coverage is provided to cover loss or damage to cargo while in transit when insurance is placed against an open marine [...]...
18. Cargo Agent Cargo Agent in International Trade Meaning of Cargo Agent, according to the Dictionary of International Trade (Global Negotiator): An agent appointed by an airline or shipping line to solicit and process international air and ocean freight for shipment. Cargo agents are paid commissions by the [...]...
19. CIP Carriage and Insurance Paid To CIP Carriage and Insurance Paid to in International Trade Meaning of Cip Carriage and Insurance Paid to, according to the Dictionary of International Trade (Global Negotiator): In Incoterms CIP, the seller has the same obligations as under CPT (Carriage Paid to) terms, but with the addition [...]...
20. Dry Port Dry Port in International Trade Meaning of Dry Port, according to the Dictionary of International Trade (Global Negotiator): A dry port is a port situated near sea. If the importer or exporter is far away from a sea port, it will be an inconvenience to co-ordinate and handle the goods [...]...
21. Equivalent Unit Forty-foot Equivalent Unit in International Trade Meaning of FEU (Forty-foot Equivalent Unit), according to the Dictionary of International Trade (Global Negotiator): A practice in marine commerce expressing cargo quantity in terms of forty-foot container loads. One FEU equals two TEUs [...]...
22. Straight Straight B/L in International Trade Meaning of Straight B/l, according to the Dictionary of International Trade (Global Negotiator): A non-negotiable bill of lading which specifies the consignee to whom the goods are to be delivered. It is used when payment for the goods has been made in [...]...
23. Vanning Synonymous with stowing or loading a trailer or container.......
24. Insured Value Insured Value in International Trade Meaning of Insured Value, according to the Dictionary of International Trade (Global Negotiator): The combined value of merchandise, inland freight, ocean freight, cost of packaging, freight forwarding charges, and insurance cost, for which insurance is obtained....
25. Second Advising Bank Second Advising Bank in International Trade Meaning of Second Advising Bank, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the seller usually prefers that the incoming letters of credit be advised through its bank account. However, [...]...
26. Deck Cargo Deck Cargo in International Trade Meaning of Deck Cargo, according to the Dictionary of International Trade (Global Negotiator): Goods shipped on the deck of a ship rather than in its holds. Since deck cargo is more exposed to the elements, traders may wish to stipulate that goods not be [...]...
27. Shipper Shipper in International Trade Meaning of Shipper, according to the Dictionary of International Trade (Global Negotiator): As the party who contracts for carriage, the party who enters in a contract of carriage with a carrier and pays the carrier is in a position to give the carrier handling [...]...
28. Freight of All Kinds Freight of All Kinds in International Trade Meaning of FAK (Freight of All Kinds), according to the Dictionary of International Trade (Global Negotiator): Freight rate applicable to all types of goods and therefore is not restricted to a particular commodity. FAK freight rates are quoted [...]...
29. Landed Costs Landed Costs in International Trade Meaning of Landed Costs, according to the Dictionary of International Trade (Global Negotiator): The costs of the imported goods at the port or point of entry into a country, including the cost of freight, insurance and port and dock charges. All charges [...]...
30. Shipment Received For Shipment B/L in International Trade Meaning of Received For Shipment B/L, according to the Dictionary of International Trade (Global Negotiator): A bill of lading which confirms the receipt of goods by the carrier, but not their actual loading on board. This document can be [...]...
31. Devanning Synonymous with stripping or unloading a container or trailer.......
32. Unconfirmed Letter of Credit See Letter of Credit.......
33. Issuing Bank Issuing Bank in International Trade Meaning of Issuing Bank, according to the Dictionary of International Trade (Global Negotiator): The buyer's bank which establishes a letter of credit at the request of the buyer, in favour of the beneficiary (exporter/seller). Also called buyer's [...]...
34. Trade Finance Trade Finance in International Trade Meaning of Trade Finance, according to the Dictionary of International Trade (Global Negotiator): This is the way in which an exporter requires an importer to prepay for goods ship. The importer wants to reduce risks by asking the exporter to document that [...]...
35. Liner Shipping Liner Shipping in International Trade Meaning of Liner Shipping, according to the Dictionary of International Trade (Global Negotiator): Services provided by a steamship company or shipping line, under which cargo vessels operate according to a fixed schedule and publicly advertised freight rates....
36. Reimbursing Bank Reimbursing Bank in International Trade Meaning of Reimbursing Bank, according to the Dictionary of International Trade (Global Negotiator): The bank named in a letter of credit from which the paying, accepting or negotiating bank may request cover after receipt of the documents in compliance [...]...
37. Negotiating Bank Negotiating Bank in International Trade Meaning of Negotiating Bank, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the bank that: receives and examines the seller's documents for adherence to the terms and conditions of the [...]...
38. Stripping The act of unloading an intermodal ocean container.......
39. Preferential Cargo Preferential Cargo in International Trade Meaning of Preferential Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that by the rules of the exporting or importing country must be transported by a particular flag carrier....
40. Transferable Letter of Credit A Letter Of Credit (read this and related legal terms for further details) that is transferable from the original beneficiary to a subsequent beneficiary. This type of credit is used when the original beneficiary is a br......
41. Insurance Premium Insurance Premium in International Trade Meaning of Insurance Premium, according to the Dictionary of International Trade (Global Negotiator): The amount paid to an insurance company for coverage under an insurance policy....
42. Valuation Clause Valuation Clause in International Trade Meaning of Valuation Clause, according to the Dictionary of International Trade (Global Negotiator): The clause in a marine cargo insurance policy that contains the agreed basis for determining the value of covered goods. This sets the amount due under [...]...
43. Measurement Ton An expression of cubic measurement equal to forty cubic feet, used either to define the interior of a vessel or as a basis for assessing freight on cargo. With virtually worldwide conversion to metric measurement, a measurement/stow ton may be defined as the equal of a cubic meter, depending [...]...
44. Air Freight Definition of Air Freight in International Trade The following is a concept of Air Freight in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A service providing for the air transport of goods. The volume of air freight has been [...]...
45. Groupage Groupage in International Trade Meaning of Groupage, according to the Dictionary of International Trade (Global Negotiator): Combining cargo from more than one shipper and/or to more than one consignee for shipment together, usually in a single shipping container. On arrival, the container is [...]...
46. Open Marine Cargo Insurance Policy Open Marine Cargo Insurance Policy in International Trade Meaning of Open Marine Cargo Insurance Policy, according to the Dictionary of International Trade (Global Negotiator): A type of insurance policy intended to cover an indefinite number of future individual shipments. The insurance [...]...
47. Advising Bank Definition of Advising Bank in International Trade The following is a concept of Advising Bank in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): The bank that notifies the exporter of the opening of a letter of credit in his or her [...]...
48. Freight Collect Freight Collect in International Trade Meaning of Freight Collect, according to the Dictionary of International Trade (Global Negotiator): A shipping arrangement whereby the carrier collects its freight charges from the consignee rather than from the shipper. This usually happens when the [...]...
49. Kompass Kompass in International Trade Meaning of Kompass, according to the Dictionary of International Trade (Global Negotiator): Kompass is the leading online global business directory with nearly 4 million registered businesses in 60 countries. The search can be done by country, product or company [...]...
50. Landed Value Landed Value in International Trade Meaning of Landed Value, according to the Dictionary of International Trade (Global Negotiator): The value of cargo at the arrival point on the buyer's side.; i.e., cost of goods, packing, forwarding fees, pre-carriage, main carriage and insurance....
51. Letter of Introduction Letter of Introduction (LOI) in International Trade Meaning of Letter of Introduction (LOI), according to the Dictionary of International Trade (Global Negotiator): A statement, often by a third party, in letter form, that briefly profiles a company with an eye toward doing business together. [...]...
52. Back Letter A letter of indemnity issued by a shipper of cargo to a steamship line to secure issuance of a clean bill of lading where one might not be issued otherwise. For example, a carrier may initially refuse to issue a clean bill of lading for cargo which appears to be damaged; a notation to this [...]...
53. Bulk Freight Bulk Freight in International Trade Meaning of Bulk Freight, according to the Dictionary of International Trade (Global Negotiator): Freight not in packages or containers. For example, grain or timber....
54. Freight Prepaid Freight Prepaid in International Trade Meaning of Freight Prepaid, according to the Dictionary of International Trade (Global Negotiator): A shipping arrangement whereby the carrier is paid its freight charges by the shipper rather than by the consignee. This usually happens when the contract [...]...
55. Unclaimed Freight Unclaimed Freight in International Trade Meaning of Unclaimed Freight, according to the Dictionary of International Trade (Global Negotiator): Freight that has not been called for or picked up by the consignee or owner....
56. Irrevocable Letter of Credit See Letter of Credit.......
57. Breakbulk Cargo Breakbulk Cargo in International Trade Meaning of Breakbulk Cargo, according to the Dictionary of International Trade (Global Negotiator): Non-containerized cargo that may be grouped or consolidated for shipment, and then is later broken down, subdivided, or distributed at a further [...]...
58. Cargo Manifest Cargo Manifest in International Trade Meaning of Cargo Manifest, according to the Dictionary of International Trade (Global Negotiator): A list of a ship's cargo but without a listing of charges....
59. Issuance Issuance in International Trade Meaning of Issuance, according to the Dictionary of International Trade (Global Negotiator): The establishment of a letter of credit by the issuing bank (buyer's bank) based on the buyer's application and credit relationship with the bank. See letter of [...]...
60. Stuffing The act of loading a container.......
61. Air Freight Consolidator Definition of Air Freight Consolidator in International Trade The following is a concept of Air Freight Consolidator in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A company that obtains a low freight-of-all-kinds freight rate from [...]...
62. Invisible Trade Invisible Trade in International Trade Meaning of Invisible Trade, according to the Dictionary of International Trade (Global Negotiator): Non-merchandise items such as freight, insurance, and financial services that are included in a country's balance of payments accounts (in the current [...]...
63. Restricted Letter Credit Restricted Letter Credit in International Trade Meaning of Restricted Letter Credit, according to the Dictionary of International Trade (Global Negotiator): A letter of credit, the negotiation of which is restricted to a bank specially mentioned in the letter. See letter of credit....
64. Forwarder A person or firm employed by a shipper of merchandise to book passage for the goods, prepare documents, and generally coordinate the shipping transaction. Ocean freight forwarders are regulated under General Order IV of the Federal Maritime Commission; domestic surface forwarders are subject to [...]...
65. Confirming Confirming in International Trade Meaning of Confirming, according to the Dictionary of International Trade (Global Negotiator): A financial service in which an independent company confirms an export order in the seller's country and makes payment for the goods in the currency of that [...]...
66. Freight Forwarder Freight Forwarder in International Trade Meaning of Freight Forwarder, according to the Dictionary of International Trade (Global Negotiator): A person engaged in the business of assembling, collection, consolidating, shipping and distributing less-than-carload or less-than-truckload freight. [...]...
67. Special Marine Policy Special Marine Policy in International Trade Meaning of Special Marine Policy, according to the Dictionary of International Trade (Global Negotiator): An insurance policy which is issued to cover a single shipment. The special marine policy form calls for the name of the vessel and sailing [...]...
68. Letter of Indemnity A document issued by a shipper of merchandise to a steamship line as an inducement for the carrier to issue a clean bill of Lading (read this and related legal terms for further details) where it might not otherwise do s......
69. Documentary Collection Documentary Collection in International Trade Meaning of Documentary Collection, according to the Dictionary of International Trade (Global Negotiator): A method of payment under which the shipping documents relating to a particular cargo are released to the importer on payment (documents [...]...
70. Export Credit Insurance Export Credit Insurance in International Trade Meaning of Export Credit Insurance, according to the Dictionary of International Trade (Global Negotiator): Special insurance coverage for exporters to protect against non payment by the importer (coverage may extend to certain other risks, [...]...
71. Pre-advice Pre-advice in International Trade Meaning of Pre-advice, according to the Dictionary of International Trade (Global Negotiator): In letters of credit, at the request of an applicant, the issuing bank may give a pre-advice of issuance and/or amendment of the letter of credit. A pre-advice is [...]...
72. Captain's Protest Captain's Protest in International Trade Meaning of Captain's Protest, according to the Dictionary of International Trade (Global Negotiator): A document prepared by the captain of a vessel on arrival at port, showing unusual conditions encountered during voyage. Generally, a [...]...
73. Freight Rebate Freight Rebate in International Trade Meaning of Freight Rebate, according to the Dictionary of International Trade (Global Negotiator): A refund of a portion of previously paid transportation charges, usually in return for the shipper's tendering a certain volume of freight to the [...]...
74. Intermodal Transport Intermodal Transport in International Trade Meaning of Intermodal Transport, according to the Dictionary of International Trade (Global Negotiator): The coordinated transport of freight, especially in connection with relatively long-haul movements using any combination of freight forwarders, [...]...
75. Silent Confirmation Silent Confirmation in International Trade Meaning of Silent Confirmation, according to the Dictionary of International Trade (Global Negotiator): In letters of credit, in addition to the commitment of the issuing bank, the advising bank can, by silent confirmation, enter into its own, [...]...
76. Clean Letter of Credit Synonymous with CLEAN CREDIT.......
77. Bulk Cargo Bulk Cargo in International Trade Meaning of Bulk Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo that consist entirely of one commodity and is usually shipped without packaging. Examples of bulk cargo are grain, coal, and oil....
78. Deadweight Cargo Deadweight Cargo in International Trade Meaning of Deadweight Cargo, according to the Dictionary of International Trade (Global Negotiator): Cargo of such weight and volume that a long ton (2.240 pound) is stowed in an area of less than 70 cubic feet....
79. Paying Bank Paying Bank in International Trade Meaning of Paying Bank, according to the Dictionary of International Trade (Global Negotiator): The bank designated in a letter of credit as the party that will honour drafts drawn under the L/C....
80. Credit Risk Insurance Credit Risk Insurance in International Trade Meaning of Credit Risk Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance designed to cover risks of nonpayment for delivered goods....
81. Container Yard A facility at which a steamship operator makes full container loads of merchandise available for pick-up by the consignee following discharge from the vessel.......
82. Consolidated Container Consolidated Container in International Trade Meaning of Consolidated Container, according to the Dictionary of International Trade (Global Negotiator): A shipping container containing cargo from a number of shippers at a centrally located point of origin by a freight consolidator, and [...]...
83. Container Manifest Container Manifest in International Trade Meaning of Container Manifest, according to the Dictionary of International Trade (Global Negotiator): Document showing contents and loading sequence of a container....
84. Container Number Container Number in International Trade Meaning of Container Number, according to the Dictionary of International Trade (Global Negotiator): An up to seven-digit number (six plus a check digit) used to identify the size and type of container; usually preceded by a four-letter alpha (letter) [...]...
85. Container Freight Station A warehouse or terminal licensed by U.S. Customs to receive in-bond consolidations of containerized cargo. The containers delivered to this station carry imported merchandise in small lots destined to many consignees; the goods will be removed from the containers under customs supervision and [...]...
86. Container Handling Charge Container Handling Charge in International Trade Meaning of Container Handling Charge, according to the Dictionary of International Trade (Global Negotiator): It refers to over cost for handling of containers at the terminals....
87. Container Rental Surcharge Container Rental Surcharge in International Trade Meaning of Container Rental Surcharge, according to the Dictionary of International Trade (Global Negotiator): An additional fee for the use of a carrier's container, usually charged only for destinations with little outward cargo volume or [...]...
88. Container Terminal Container Terminal in International Trade Meaning of Container Terminal, according to the Dictionary of International Trade (Global Negotiator): An area designated for the stowage of cargoes in container. Usually accessible by truck, railroad and marine transportation. In this area, containers [...]...
89. Container Vessel Container Vessel in International Trade Meaning of Container Vessel, according to the Dictionary of International Trade (Global Negotiator): An ocean going vessel designed specifically to easily handle the loading, stowage and off-loading of ocean freight containers. Containers may be stowed [...]...
90. Conex Container An ocean container somewhat smaller than standard containers, owned by the U.S. government and used primarily for transporting military cargoes. These containers measure 6'3" wide, and 6' lO1/^" deep, and either 4'3" or 8'6" high.......
91. Less Than Container Load A quantity of product less than that which fills a container. In some ocean tariffs, certain minimum utilizations of space are required; if this minimum is not filled, the shipper will be billed for the space not used, up to the minimum required utilization, usually at the rate applied to the [...]...
92. Open Top Container Open Top Container in International Trade Meaning of Open Top Container, according to the Dictionary of International Trade (Global Negotiator): A container fitted with a solid removable roof, or with a tarpaulin roof so the container can be loaded or unloaded from the top....
93. Reefer Container Reefer Container in International Trade Meaning of Reefer Container, according to the Dictionary of International Trade (Global Negotiator): A controlled temperature shipping container, usually refrigerated. Refrigeration may either be mechanical, which means involving an external power [...]...
94. Full Container Load Full Container Load in International Trade Meaning of FCL (Full Container Load), according to the Dictionary of International Trade (Global Negotiator): A shipment of sufficient volume or weight to justify the exclusive use if a shipping container....
95. International Container Bureau International Container Bureau (BIC) in International Trade Meaning of International Container Bureau (bic), according to the Dictionary of International Trade (Global Negotiator): Established in 1933 under the International Chamber of Commerce and headquartered in Paris, France, BIC is the [...]...
96. Mixed Container Load Mixed Container Load in International Trade Meaning of Mixed Container Load, according to the Dictionary of International Trade (Global Negotiator): A container load with different articles in a single consignment....
97. Side-door Container Side-door Container in International Trade Meaning of Side-door Container, according to the Dictionary of International Trade (Global Negotiator): A container fitted with a rear door and at least one side door....
98. Multitank Container An intermodal container which is internally segmented to allow carriage of different liquids. Such containers may be equipped with heating coils to accommodate substances normally solid or semisolid but which liquefy when heated.......
99. High Cube Container An ocean container of the same length and width as a standard container but higher, permitting expanded cargo- carrying capacity.......
100. Grounded (Container) An ocean container, loaded or empty, that is positioned flat on the ground without a chassis underneath it. In order to be moved, such a container would have to be raised off the ground by a lifting device and loaded onto a chassis or flatbed truck.......
101. Common Carrier Read Carrier as cross-reference......
102. Common Law Introduction to Common Law "Common Law, term used to refer to the main body of English unwritten law that evolved from the 12th century onward. The name comes from the idea that English medieval law, as administered by the courts of the realm, reflected the "common"customs of [...]...
103. Cargo Summary of Cargo Merchandise in the process of being transported; not to be confused with freight, which, in maritime usage, is the sum earned by a carrier for transporting goods. General cargo consists of various commodities comprising the property of many shippers or consignees; special [...]...
104. Combined Transport Document A bill of lading issued by a combined transport operator (read this and related legal terms for further details) covering shipment of goods by more than one mode of transport. The document specifies the point at which th......
105. Commercial Risk The risk borne by an exporter that his foreign customer may be unable to pay for merchandise imported under open account terms. Commercial risk is contrasted with political risks, which arise from governmental actions and are unrelated to the financial condition or credit-wor- thiness of the [...]...
106. Commodity Summary of Commodity A nondifferentiated product produced with commonly available technology.(Main Author: William J. Miller) The Legal History of Commodity in Islamic Law This section provides an overview of Commodity in Islamic Law Commodity in International Trade Meaning of [...]...
107. Common External Tariff Summary of Common External Tariff The uniform customs tariff applied by all the member states of a customs union or common market to imports from nonmember nations.(Main Author: William J. Miller) Common External Tariff and the GATT Policy Negotiations In relation to the GATT [...]...
108. Common Market Summary of Common Market A supranational organization of trading nations, created to promote economic collaboration and minimize constraints on the free movement of goods among the member states. Features of a common market include elimination of tariffs on goods moving between member [...]...
109. Compensation Deal A semibarter arrangement in which goods are purchased partially in cash and partially with other goods.......
110. Compound Duty Cross-reference: Duty......
111. Confirming House A commercial institution engaged in nonrecourse financing of foreign trade. The confirming house may confirm a foreign buyer's order, acting as guarantor of payment to the seller; in some cases, the confirming house may actually take title to the goods as agent for the foreign purchaser, [...]...
112. Consignee The person or firm to whom goods are shipped under a bill of lading (read this and related legal terms for further details) and so named in the bill.......
113. Consignment Summary of Consignment Goods in transit under a bill of lading (read this and related legal terms for further details)(Main Author: William J. Miller) Consignment in International Trade Meaning of Consignment, according to the Dictionary of International Trade (Global [...]...
114. Consignor The person or firm shown as shipper on the BILL OF LADING (read this and related legal terms for further details).......
115. Consolidation Summary of Consolidation The combination of various small shipments into one large shipment so as to achieve a lower overall freight rate.(Main Author: William J. Miller) Consolidation of Results in Election Law A process of bringing together election results from a number of [...]...
116. Convertibility Summary of Convertibility The ability of a currency to be exchanged for other currencies in settlement of current account transactions. Currencies are convertible in varying degrees, although the ability of nonresidents freely to purchase and sell a given currency, without governmental [...]...
117. Correspondent Bank Summary of Correspondent Bank A bank that acts as the representative of another bank in a given transaction. As a rule, correspondents have sums on deposit with each other for the purpose of settling the transactions of the other bank.(Main Author: William J. Miller) [...]...
118. Counterpurchase A form of countertrade (read this and related legal terms for further details) in which two parties agree to purchase specified quantities of merchandise from each other at a fixed price. The effect is that each party si......
119. Countertrade A commercial arrangement in which the buyer pays for his purchases, wholly or partly, with something other than money. Very often countertrade deals include some cash, but a significant portion of the transaction is settled with commodities or services. Countertrade has been employed heavily [...]...
120. Countervailing Duties Summary of Countervailing Duties Special duties, over and above ordinary duties, imposed upon imported merchandise to counteract the economic advantage provided to the foreign supplier by his government in the form of export subsidies. The object of countervailing duties is to protect [...]...