Management Dynamics, Inc
Management Dynamics, Inc
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A
  (a)(1)(A) LIST

The list issued by the Customs Service of documents and records that importers and others must keep, retain, and, if the Customs Service demands, produce, or be subject to administrative penalties.

ABANDONMENT

1) An official proceeding where a carrier seeks authorization to stop service of part or all of its route/line, or give up ownership/control of its cargo or vessel. 2) Shipper or consignee relinquishes damaged freight carrier or refuses to accept delivery. 3) The act of relinquishing title to damaged or lost property in order to claim a total loss.

ABEAM

Alongside.

ABSOLUTE LIABILITY

Condition in which carrier is responsible for all liability and isn't protected by normal exemptions found in bill of lading or common law liability.

ABSOLUTE QUOTA

A quantitative restraint placed on imports of a particular commodity, usually from a specific country. Once the limit is reached, no more of the product may be imported until the quota is re-opened.

ACCELERATED TARIFF ELIMINATION

The feature in a free trade agreement that allows for a gradual reduction of import duties to the point where they are eliminated.

ACCEPTANCE

1) Acknowledged receipt by consignee of a shipment, terminating the common carrier contract. 2) A promise to pay, usually evidenced by inscribing across the face of the bill "accepted", followed by the date, place payable, and acceptor's signature.

ACCESSION

The process by which a country negotiates terms or determines obligations that must be fulfilled in order to become a participant in a trade agreement.

ACCESSORIAL CHARGES

Charges for supplementary services and privileges, provided in connection with line-haul transportation of goods. These charges are not included in the freight charge and usually take the form of a flat fee. Some examples: pickup/delivery, in-transit privileges, demurrage, switching, loading/unloading.

ACCESSORIAL SERVICE

A service rendered in addition to the physical transportation service; such as heating, storage, and packing.

ACCOUNT NUMBER

A number assigned to identify a shipper or consignee.

ACT OF GOD

Accidents arising from physical causes (lightning, earthquakes, hurricanes, etc.) and not from human cause or error. Out of the control of all parties.

ADRIFT

Floating at random under no power or steerage.

AD VALOREM

Latin term that means "according to the value."

AD VALORUM DUTY RATE

A rate of duty that is applied to imported goods, determined as a percentage of the merchandise value.

ADVANCING CARGO

Designating cargo to be shipped on an earlier sailing than the one for which it was booked.

ADVANCE CHARGES

1) Charges billed at origin in advance of shipment. Usually, pre-carrier's portion for movement to the port where goods are loaded. 2) Freight charge on a shipment that is advanced by one transportation company to another, or to the shipper. Fees are then collected from the consignee.

ADVICE OF SHIPMENT

Notice to local or foreign buyer that a shipment has occurred. A copy of the invoice may be enclosed, as well as packing and routing details, and a copy of the bill of lading.

ADVISING BANK

The bank (the seller's or exporter's bank) which receives a letter of credit from the issuing bank (the buyer's bank) and forwards it to the recipient (the exporter/seller).

ADVISORY COMMITTEE ON EXPORT POLICY

An interagency dispute resolutions committee chaired by the Bureau of Export Administration at the Assistant Secretary level.

AFLOAT

Commodities underway in water transit; either aboard vessels, at sea, or in port, but not yet unloaded.

AFT

Towards the rear or stern of the vessel.

AGENDA

A list of items to be considered.

AGENT

A person authorized to transact business for another and/or and in the name of another.

AGREEMENT OF SOUTH EAST ASIAN COUNTRIES

A trading bloc of the following nations: Brunei, Laos, Indonesia, Malaysia, Cambodia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

AIR EXPRESS

A service providing for the expedited handling of airfreight.

AIR FREIGHT

A service providing for the air transport of goods.

AIR FREIGHT FORWARDER

Individuals or organizations that serve as middlemen between shippers and carriers. They process paperwork, consolidate goods, and tender goods to air carriers for shipment.

AIRMAIL

A class of mail offered by postal service organizations that entails the use of air carriers, whenever such use will expedite delivery.

AIRPORT MAIL FACILITY

A U.S. Postal Service facility located on or adjacent to an airport. AMFs are primarily engaged in the dispatch, receipt, and transfer of mail directly with air carriers.

AIR WAYBILL

A non-negotiable instrument of air transport that serves as a receipt for the shipper and obligates the carrier to deliver the consignment to the airport of destination according to specified terms and conditions.

ALADI

Spanish acronym for Latin American Integration Association. A group of 12 nations (Bolivia, Ecuador, Paraguay, Chile, Colombia, Peru, Uruguay, Venezuela, Cuba, Brazil, Argentina, Mexico) that strives to reduce tariffs and coordinate trade policies among members.

ALCOHOL PERCENTAGE

The percentage of alcohol contained alcoholic beverages, spirits or other commodities.

ALL-COMMODITY RATE

Usually a carload/truckload rate that applies to multiple shipments that move at one time, in one vehicle, from consignor to consignee. An all-commodity rate is established based on actual transportation cost rather than "value of service."

ALL RISK

An insurance policy that may expressly exclude certain types of damage; such as marring, scratching or bending.

ALLOWANCE

An amount paid or credited as a refund or reimbursement to a buyer due to any of a number of causes that result in an inability for the seller to meet the buyer's specifications.

ALONGSIDE

A phrase that refers to a location nearby a ship. Goods to be delivered "alongside" are to be placed on the dock or barge within reach of the transport ship's tackle so that they can be loaded aboard the ship.

ALTERNATE ROUTING

Routing that is less desirable than normal routing, but yields similar results.

AMERICAN BUREAU OF SHIPPING

Official vessel classification society of the United States.

ANTI-BOYCOTT COMPLIANCE

Antiboycott laws require U.S. firms to refuse to participate in foreign boycotts that the United States does not sanction. They prevent U.S. firms from becoming instruments that may be used by foreign governments to pursue policies that may be counter to those of the United States.

ANTI-DUMPING DUTIES

Additional duties imposed on imported merchandise when the imported merchandise is being sold in the United States at less than fair value and is causing material harm to a domestic industry.

ANTI-TERRORISM

Acts or practices enacted to deter or prevent terrorism.

APPRAISER

An authorized party who determines the value of goods.

ARMS CONTROL AND DISARMAMENT AGENCY

Formulates, advocates, implements and verifies effective arms control, nonproliferation, and disarmament policies, strategies, and agreements. Reviews certain dual use export license applications referred by Department of Commerce.

ARBITRARY

1) Charge in addition to regular freight charge to compensate for unusual local conditions. 2) Fixed amount accepted by a carrier when dividing joint rates.

ARRIVAL NOTICE

A notice to the consignee of the arrival of freight.

ASSIGN

To transfer or endorse to another party.

ASSIGNEE

A person to whom a right of property is assigned or transferred.

ASSIGNOR

A person who assigns or transfers a right of property to another.

ASSIST

Value or items that an importer provides to its foreign supplier/manufacturer at a reduced rate or free of charge, directly or indirectly, that is used to produce the imported merchandise. The value of the merchandise must reflect this added value.

ATTORN

To agree to turn over or transfer money or goods to an individual or legal entity other than the party who was to originally intended to receive them.

ATTORNEY-IN-FACT

A person authorized to transact general business or to perform a designated task of a non-legal nature on behalf of another individual or legal entity. In many countries, this authority must be conferred by a written power of attorney.

AUDIT

Official examination of accounts.

AUSTRALIA GROUP

A group of 20 industrialized nations that cooperate to curb proliferation of chemical and biological weapons.

AUTHORITY AUTHORIZED CARRIER

Person or organization authorized by the Interstate Commerce Commission to conduct interstate commerce.

AUTOMATED BROKER INTERFACE

A computerized system that links customs brokers and others to the U.S. Custom's authority.

AVOIRDUPOIS

Often referred to as the Imperial System of Weights and Measurement (a) French for "having weight;" (b) A system of weight measurement based on the pound of 16 ounces and the ounce of 16 drams.
 
  B
  BACK HAUL

1) Return transportation movement usually at less revenue than the original move. 2) Movement in the direction of lighter traffic flow when traffic generally is heavier in the opposite direction. 3) To move a shipment back over part of a route already traveled.

BANK GUARANTEE

A commitment from a band to, backed by his bank, that a carrier will not be held liable for any claims resulting from the release of cargo to said consignee when he is not in possession of original endorsed Bills of Lading and or other specified documents.

BARE BOAT CHARTER

A term used to define an arrangement whereby a party leases a vessel for a specified period of time, and pays crew costs and all other expenses pertaining to the working of the vessel during that time.

BARRATRY

An act committed by the master or mariners of a vessel, for some unlawful or fraudulent purpose, contrary to their duty to the owners, whereby the latter sustains injury. It may include negligence, gross negligence or fraud.

BASING POINT

Geographic point to which transportation rates are set so that rates to adjacent points can be constructed by adding to/deducting from the basing point rate.

BEYOND CHARGES

Charges for movement beyond discharge port to final destination by connecting carrier.

BILL OF LADING

The principal contract of carriage by which a carrier acknowledges description and receipt of freight from shipper. Terms, conditions, responsibilities, and liabilities vary with manner and place of use. Bills of lading may be negotiable or non-negotiable.

BI-LATERAL AGREEMENT

An agreement between two countries.

BILL OF LADING ACT

An Act of Congress relating to the preparation and negotiability of Bills of Lading.

BILLED WEIGHT

The weight of a shipment as shown on the freight bill, not necessarily the actual weight.

BLUE LABEL

Warning label affixed to radioactive cargo.

BONA FIDE

Latin for "In good faith"; without fraud or deceit.

BONDED WAREHOUSE

A warehouse owned by persons approved by the Treasury Department and under bond for the observance of the revenue laws; used for storing goods until duties are paid or goods are released.

BOOKABLE ROUTE

A multi-modal collection of carrier specific scheduled legs, connecting a departure origin to a target destination.

BOOKING

Initial contact between a carrier and a customer for the purpose of setting aside space for an intended trip or shipment.

BOX

1) Slang term for a trailer or container for ocean carriers. 2) Slang term for a truck transmission.

BOYCOTT

A voluntary refusal to purchase or sell goods.

BRANCH LINE

Railroad line providing train service to one or more stations beyond a junction with the main line or another branch line.

BREAKBULK

1) To unload, sort, and reload some or all contents of a vehicle in transit. 2) To reduce a large shipment of a single commodity to smaller shipments, and disperse the goods to various buyers.

BREAKBULK SHIP

A vessel designed to carry general cargo of any and all sizes and shapes. The holds are loaded by the "boom-and-sling" method, with gangs of longshoremen filling cargo nets (slings) manually on the dock and lifting nets aboard with booms, to be unloaded and stored. It normally takes 7 to 14 days to load or unload this type of vessel. By comparison, a containership unloads and loads within 24 hours.

BROKER

1) Agent who arranges interstate movement of goods by other carriers. 2) Arranger of exempt loads for owner-operators and/or carriers. 3) One who arranges the buying/selling of goods for a commission. 4) Person who leases owned equipment to a carrier.

BRUSSELS DEFINITION OF VALUE (BDV)

The rules on Customs valuation according to the BDV are based on the notional concept of "value" which treats the dutiable value as the "normal price" at which the goods would be sold in an open market between an importer and an exporter operating independently. The "normal price" is the open market price at which the goods are freely available to any buyer subject to compliance with certain conditions. For example, if a sole agent receives a special discount, which is not granted to other importers, it has to be added to the price to arrive at the normal or open market price for Customs valuation purposes.

BULK CARRIER

Vessel that carries bulk commodities such as petroleum, grain, or ore, which are not packaged bundled, bottled, or otherwise packed.

BULK CARRIER VESSEL

Designed to carry liquid or dry commodities, such as petroleum or wheat, in bulk.

BULK FREIGHT

Dry or liquid freight not in packages or individual containers.

BULKHEAD

1) Upright wall in a trailer, railcar, air carrier, or vessel that separates and stabilizes a load, or separates one compartment from another. 2) Cargo-restraining partition in a vehicle or vessel.

BUNKER

The space in which fuel for the vessel is stored.

BUNKER ADJUSTMENT FACTOR

An ancillary charge assessed by carriers on some ocean container freight shipments to account for fluctuation in fuel cost.

BUNKERING (TO BUNKER)

To replenish the fuel.

BUNKER SURCHARGE

Additional shipping charge incurred or charged due to fuel price increases.

BUREAU OF EXPORT ADMINISTRATION

The Department of Commerce agency responsible for administering and enforcing export controls on "dual-use" items. (USA)

BUSHEL

A measure of capacity (8 gallons) for produce.

BUSINESS EXECUTIVES ENFORCEMENT TEAM

Town-hall meetings, hosted by Export Enforcement personnel, which provides opportunities for government officials and business executives to discuss export control and enforcement issues and to develop cooperative relationships within the business community. (USA)

BUYER'S RIGHT TO ROUTE

When a seller does not pay freight charges, the purchaser has a right to designate the route for shipment, and the seller is responsible for following the buyer's instructions. Complete routing is permitted for rail shipments, but limited to the first carrier in motor shipments.
 
 

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C
  CABOTAGE

Refers to the required use of domestic carriers for shipments in U.S. coastal waters.

CARETAKER

A person accompanying a shipment that requires special attention while en route. An attendant.

CARGO

Merchandise taken onboard for conveyance.

CARLOAD

1) Quantity of freight required to fill a railcar. 2) Specified quantity necessary to qualify a shipment for carload rate.

CARNET

International customs document allowing movement of commodities through a country, in bond, with no inspection required.

CARRIER

An individual or organization engaged in the business of transporting goods or passengers.

CARRIER'S LIEN

The carrier's right to hold the shipper's property as security until such time as a shipping debt is paid.

CARTAGE

1) Charge for pickup and/or delivery of goods. 2) Act of moving goods, usually a short distance.

CASE MARK

Information shown on the outside of a shipping carton, including destination and contents.

CASH BEFORE DELIVERY

Seller assumes no risk and extends no credit because payment is received before shipment.

CASH ON DELIVERY

A term of sale whereby a buyer pays the carrier the price of goods (and possibly the delivery/freight charges) before they are released. The seller assumes risk of purchaser refusing to accept goods.

CAT MOVE

Conference Affairs and Tariffs: Pricing term that relates to thru moves to inland points.

CELLULAR VESSEL

Ship specially constructed for the stowage of containers in vertical stacks or cells. These stacks or cells are normally six to seven levels high when below decks, or three to four levels high when above decks.

CERTIFICATE OF INSPECTION

A document certifying that merchandise (such as perishable goods) was in good condition immediately prior to its shipment.

CERTIFICATE OF INSURANCE

A document stating that insurance is in effect.

CERTIFICATE OF MANUFACTURE

Certificate stating that goods have been manufactured by a certain manufacturer and/or in a certain country.

CERTIFICATE OF ORIGIN

A document required by certain foreign countries that certifies the country of origin of specified goods for tariff purposes.

CERTIFICATE OF WEIGHT

An authoritative statement of the weight of a shipment.

CHARGEABLE WEIGHT

The weight used to determine airfreight charges. The chargeable weight may be the dimensional weight, or for container shipments, the gross weight of the shipment less the tare weight of the container.

CHASSIS

The undercarriage of a trailer on which van containers are placed for road movement.

CHEMICAL & BIOLOGICAL WEAPONS

Weapons that contain biological or chemical properties.

CLAIM

1) Demand on transportation company for payment due to loss/damage of freight during transit. 2) Demand on transportation company for refund on overcharge. 3) Demand by individual/company to recover certain amounts that may be covered under an insurance policy.

CLAIM AGENT

An overseas representative of the insurance company.

CLAIMANT

Person or company filing a claim.

CLASS RATE

Rate for commodities grouped according to similar shipping characteristics. Applies to groups of articles contained in the territorial rating column in classification schedules.

CLASSIFICATION

The process of assigning the correct definition and category of imported merchandise within the Harmonized Tariff Schedule of the United States. Classification and valuation are the primary components to determining the amount of duty an importer owes on the merchandise.

CLEAN BILL OF LADING

A Bill of Lading signed by the carrier for merchandise received in apparent good condition (no damage or missing pieces of freight).

CLEARANCE

Customhouse certificate that states that all legal requirements having been met and a ship is free to leave port.

CO-LOAD

Two shipments from different terminals combined to ship as one load.

CODE OF FEDERAL REGULATIONS

The codification of rules published in the Federal Register by the Executive departments and agencies of the U.S. Federal Government.

COLLECT SHIPMENT

A shipment whereby the delivering carrier collects freight charges from the consignee.

COMBI-AIRCRAFT

Aircraft specially designed to carry unitized cargo loads on the upper deck of the craft, toward or near the passenger area.

COMBINATION RATE

A rate determined by combining two or more rates published in different tariffs.

COMBINATION THROUGH RATE

A through rate determined by combining two or more rates published in different tariffs.

COMBINATION VESSEL

A vessel designed and built to accommodate alternative modes of cargo handling.

COMMERCE CONTROL LIST

A list of items under the export control jurisdiction of the Bureau of Export Administration.

COMMERCIAL INVOICE

Itemized list issued by seller/exporter in foreign trade showing quantity, quality, description of goods, price, terms of sale, marks/numbers, weight, full name/address of purchaser, date, and sometimes other pertinent information.

COMMODITY

An article of commerce or goods shipped.

COMMODITY CODE

Any one of several coding systems used to identify and/or group commodities.
COMMODITY RATE

A shipping rate, for a particular named commodity, usually to and from specific points.

COMMODITY TARIFF

A tariff containing only commodity rates.

COMMON CARRIER

A carrier engaged in the business of transporting persons or goods at published rates.

COMMON TARIFF

A tariff published by and for the account of two or more transportation lines as issuing carriers.

COMMODITY JURISDICTION

Request used to determine whether an item or service is subject to the export licensing authority of the Department of Commerce, Department of State, Office of Defense Trade Control, or other federal agency. (USA)

COMPOSITE LEG

A macro leg of transportation connecting three or more discrete stations.

COMPOUND DUTY RATE

A compound duty rate is an ad valorum rate plus a specific rate that is based on some unit of measure.

COMPUTED VALUE

A valuation method whereby a profit value (based on margin) is added to the costs of production to determine the price of a good.

CONCEALED DAMAGE

When goods in an apparently undamaged container are damaged. Claims are hard to settle because neither shipper nor carrier wants to accept responsibility.

CONCURRENCE

Document signed by a carrier and filed with the Interstate Commerce Commission that verifies that the carrier participates in rates published in a tariff by a given agent. (USA)

CONFERENCE

1) Independent/autonomous organization within the American Trucking Associations that represents a certain class/type of motor carrier. 2) Association of ship owners that service the same trade route(s) and operate under collective conditions of carriage and tariff rates.

CONFIRMED LETTER OF CREDIT

A letter of credit, issued by a foreign bank, with validity confirmed by a U.S. bank. When confirmed, the U.S. bank undertakes responsibility for payment even if the foreign buyer or bank defaults.

CONFERENCE RATE

A rate arrived at by the conference of carriers applicable to transportation.

CONNECTING CARRIER

A carrier who has a direct connection with another carrier, under which people or freight are moved in joint-line service.

CONSIGN

Furnishing goods to an agent to sell on the consignor's behalf.

CONSIGNEE

Person who receives goods shipped from a consignor.

CONSIGNMENT

See shipment.

CONSIGNOR

The person or firm from whom the goods have been received for shipment, the seller, shipper, or exporter.

CONSOLIDATED LOAD

A number of small individual shipments, possibly by different shippers, combined into a single large load, to take advantage of economies of scale.

CONSOLIDATION

Combining less-than-carload or less-than-truckload shipments, to make carload/truckload movements.

CONSUL

Commercial representative of one country residing officially in another country, whose duties are to facilitate business and represent the merchants of his nation.

CONSULAR FEES

The fees charged by a consul for his official certifications or notorial legislations.

CONSULAR INVOICE

A document required by some foreign countries that describes a shipment of goods and shows information, such as the consignor, consignee, and value of the shipment. Certified by a consular official of the foreign country, it is used by the country's customs officials to verify the value, quantity, and nature of the shipment.

CONTAINER

A uniform, sealed, reusable metal "box" (generally 40 feet in length, able to hold approximately 40,000 pounds) in which goods are shipped by vessel or rail.

CONTAINER CRANE (ONSHORE)

A specially designed land-based crane on tracks for loading or unloading containers from vessels.

CONTAINER EQUIVALENTS

The internationally recognized standard conversions that serve as the basis for converting containers of various sizes into comparable units.

CONTAINER FRIEGHT STATION

A carrier facility where less-than-container load shipments are consolidated for shipment, unloaded for shipment, or unloaded for final delivery. The term CFS Shipment indicates less than a container load.

CONTAINER LOAD

The amount, which fills, or partially fills a container to cubic or weight capacity.

CONTAINER SHIP

A ship specially constructed to handle containerized cargo.

CONTAINER YARD

A carrier facility where full containers are stored.

CONTAINERIZATION

1) Using box-like device to store, protect and handle a number of packages as a unit of transit. 2) Shipping system based on large cargo-carrying containers that can be interchanged between trucks, trains, and ships without rehandling contents.

CONTINGENCY INSURANCE

When a product is sold under terms that require the buyer to provide insurance coverage, the seller may elect to purchase "backup insurance" in case the coverage provided by the buyer is not sufficient to cover the value of the shipment.

CONTINUOUS SEALS

A term denoting that seals on a vehicle remained intact during the movement from origin to destination.

CONTRABAND

Illegal or prohibited goods.

CONTRACT CARRIER

Carrier engaged in interstate transportation of persons/property by motor vehicle on a for-hire basis, but under continuing contract with one or a limited number of customers. Must receive authorization permit from the Interstate Commerce Commission.

COST AND FREIGHT

Shipper pays the ocean freight and other costs (Accessorial, Inland Transportation, etc.) associated with the movement of the cargo to a particular point of the consignee's choosing. The consignee pays the Insurance.

COST AND INSURANCE

Shipper pays the for the insurance and shipping related costs other than ocean freight, associated with the movement of the cargo to a particular point of the consignee's choosing. The consignee pays the Ocean freight.

COST, INSURANCE AND FREIGHT

A valuation basis whereby a shipper pays the freight and insurance charges associated with the movement of cargo to a particular destination.

COUNTERVAILING DUTIES

Duties assessed by a country to remedy the unfair advantage that certain industries or manufacturer's gain when they are unfairly subsidized by their governments.

COUNTRY CHART

A chart that contains certain licensing requirements based on destination and reason for control.

COUNTRY GROUPS

For export control purposes, foreign countries are separated into five country groups designated by the symbols A,B,C,D, and E. (USA)

COUNTRY OF EXPORT

The country where goods are shipped from.

COUNTRY OF MANUFACTURE

The country where the product is actually made or grown. If more than one country is involved, the country of manufacture is normally the country where the last major transformation took place.

COUNTRY OF ORIGIN

The country that produced the imported merchandise (see "marking").

CREDIT RISK INSURANCE

Insurance designed to cover risks of nonpayment for delivered goods.

CUBE-OUT

When the cubic capacity of a container is reached before the weight capacity.

CUBE RATE

A dimensional shipping rate based on the amount of trailer space that is used, instead of weight. Used for light bulky loads.

CUBIC CAPACITY

The carrying capacity of a vehicle expressed in cubic feet/meters.

CURRENCY ADJUSTMENT FACTOR

A charge used to equalize fluctuating rates of exchange. An ancillary charge on some ocean freight shipments, expressed as a percentage of a base rate, to compensate ocean carriers for fluctuations in the value of the U.S. dollar against foreign currencies.

CURRENCY OF TRANSACTION

The currency used to pay for goods.

CUSTOMS

Denoted by its capital "C", this terms refers to the U.S. Customs Service.

CUSTOMS BROKER

The importer's agent licensed by the Customs Service to enter and clear goods through Customs.

CUSTOMS COOPERATION COUNCIL

An international Customs organization in Brussels that oversees, and strives to harmonize, tariff and regulatory matters worldwide.

CUSTOMS MODERNIZATION ACT (often referred to as "The Mod Act")

Recently enacted federal legislation that imposes new and extensive compliance and record-keeping requirements on importers, shifts the responsibility for customs compliance from the Government to importers, and imposes a standard of reasonable care on importers.

CUSTOMS TARIFF

Schedule of charges assessed by the government on imports/exports.

CUSTOMS UNION

A union of countries where there are no duties on products traded among member nations and common external tariffs levied on imported products from non-member states.
 
  D
  DAMAGE CLAIM

Demand upon carrier for reimbursement due to physical injury to shipment or because shipment was not delivered within a reasonable time.

DANGEROUS GOODS

Articles or substances capable of posing significant risk to health, safety or property, and that ordinarily require special attention when transported.

DECLARATION

A formal representation by the importer or its agent to the Customs Service attesting to the correctness, description, valuation, classification, etc., of the imported merchandise.

DECLARED VALUE

Assumed value of shipment unless shipper declares higher value.

DEAD WEIGHT TONNAGE

A common measure of ship capacity based on the number of tons of cargo a vessel can carry.

DEDUCTIVE VALUE

A valuation method to determine the cost of goods sold whereby a profit value (based on a profit margin), and other miscellaneous charges, are deducted from the price of the goods.

DEFENSE TECHNOLOGY SECURITY ADMINISTRATION

The branch of the Department of Defense that reviews applications for the export of items that are subject to dual-use license controls. (USA)

DEFERRED REBATE

A tying device usually in a loyalty contract under which the rebate is not paid unless the shipper has met its cargo commitment to the conference or carrier for the time agreed (usually six months or one year) and for an additional waiting period beyond that time.

DEFICIT WEIGHT

The difference between the minimum weight and the actual weight of a shipment when actual is less than the minimum.

DELIVERING CARRIER

The carrier that delivers a shipment to the consignee.

DELIVERY DUTY PAID

The exporter is responsible for all shipping and clearance through U.S. Customs all the way from the factory to the importer's premises. Thus the seller incurs the risk of loss throughout the entire transaction.

DEMAND EXPORT LICENSE

Will permit addition or deletion of individual foreign nationals under a single comprehensive license.

DEMURRAGE (IMPORT)

A surcharge assessed by steamship lines and railroads for storage at their port or facility longer than the allotted "free time" (usually 48 hours allowed for loading/unloading).

DENIED PERSONS LIST

A list of specific persons or organizations that have been denied export privileges, in whole or in part. (USA)

DENSITY OF COMMODITY

The weight of a commodity in pounds per cubic foot.

DESTINATION

The place to which a shipment is to be delivered.

DESTINATION CONTROL STATEMENT

Any of various statements that the U.S. Government requires to be displayed on export shipments that specifies the destination(s) for which export of the shipment has been authorized.

DETENTION

Charges for the utilization of containers that exceed the the specified time limit afforded to a carrier or shipper.

DIFFERENTIAL

Amount added to/deducted from a base rate to establish a rate to/from some given point via some different route route.

DISPATCHING

The control and scheduling of pick-up and delivery of freight.

DISPLACEMENT

The cubic volume of a container.

DIVERSION

A change made in the destination, consignee or shipment route of a shipment in transit.

DOCK

A location at a port where cargo can be loaded and unloaded and other shipping functions can be performed.

DOCK RECEIPT

A receipt issued by an ocean carrier to acknowledge receipt of a shipment at the carrier's dock or warehouse facilities.

DRAFT

A written order for the payment of money, "Drawn On" or addressed to a party holding money in trust.

DRAWBACK

A program that helps domestic manufacturers compete in foreign markets and that allows importers to get a refund of all or part of the duties they paid on imported merchandise.

DRAYAGE

Transporting freight by truck primarily in local cartage.

DUAL USE GOODS

Products or commodities that can be manipulated or re-engineered to serve a military or nation-threatening purpose.

DUMPING

The import and sale of merchandise by a foreign country or supplier at less than fair value.

DUNNAGE

Material used in stowing cargo within a container to prevent movement.

DUNNING

Customer contact for payment of freight charges.

DUTY

A tax on imported merchandise.
 
 

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E
  EDIFACT

United Nations Rules for EDI Administration.

ELECTRONIC DATA INTERCHANGE

The exchange of data or information via an electronic medium.

ENCRYPTION ITEMS

Items used to encrypt messages.

END USER

1) The ultimate user of a good or commodity. 2) A consignee that uses items "as is" (e.g., as capital equipment), or incorporates them as integral parts, components or materials in the production of other commodities.

END USE STATEMENT

An affidavit that a purchaser may be required to submit to acknowledge that goods will not be re-sold or used for purposes other than those for which they are intended.

ENHANCED PROLIFERATION CONTROL INITIATIVE

Foreign policy control requiring an Individual Validated License if the exporter knows or is informed that a commodity is destined to be used in a missile related activity.

ELECTRONIC REQUEST FOR ITEM CLASSIFICATION

A supplementary service to ELAIN to allow the electronic submission of commodity classification requests to the Bureau of Export Administration.

EMPLOYER IDENTIFICATION NUMBER

A unique number given to employers by the Internal Revenue Service for tax purposes.

EMBARGO

Legislation passed by a government that prevents imports or exports from a certain country.

ENTRY

The process for getting imported merchandise released from the Customs Service.

EUROPEAN UNION

A Customs Union consisting of 15 countries: Austria, Finland, Greece, Italy, Spain, Portugal, France, United Kingdom, Ireland, Belgium, Netherlands, Luxembourg, Denmark, Sweden, and Germany.

EUROPEAN FREE TRADE AREA

A trading bloc comprised of Switzerland, Norway, Liechtenstein, and Iceland.

EX

Prefix meaning "out of" or "from", used with noun of location. Means all transportation charges and risks of loss/damage are chargeable to buyer when goods are delivered to carrier of "ex" location.

EXCHANGE BILL OF LADING

A Bill of Lading issued in exchange for another Bill of Lading.

EXCISE TAX

A tax imposed on the sale of certain goods such as: alcohol, tobacco, and minerals.

EXEMPT CARRIER

For-hire motor carrier exempt from federal, state or local regulations.

EXPEDITING

Moving shipments through regular channels at an accelerated rate.

EXPIRATION NOTICE

A notice in a tariff that the whole or some part of the tariff will expire at a stated time.

EXPORTER

The principal party in an export transaction that has the power and responsibility for determining the mode of transport, and controls the sending of goods to a recipient in an international destination.

EXPORT CONTROLS

Systems or methods enacted to prevent dual-use goods from being shipped to those countries or parties that may use them for acts of terrorism, war, or other destructive practices.

EXPORT DECLARATION

A Declaration Form for calculating export statistics and monitoring the movement of certain goods.

EXPORT LETTER OF CREDIT

A document issued by a bank stating its commitment to release a specified sum of funds for an export transaction, once certain conditions have been met.

EXPORT LICENSE

A government document that permits the "licensee" to engage in the export of designated goods to certain destinations.

EXPORT ADMINISTRATION ACT

The legislative order that grants the Department of Commerce the authority to issue regulations, and to administer and enforce export controls.

EXPORT ADMINISTRATION REGULATIONS

Regulations set forth by the Bureau of Export Administration.

EXPORT ADMINISTRATION REVIEW BOARD

The cabinet level interagency dispute resolution committee chaired by the Secretary of Commerce that reviews export license applications.

EXPORT CONTROL AUTOMATED SUPPORT SYSTEM

Information database management system designed to support the Bureau of Export Administration's export licensing process and enforcement activities.

EXPORT CONTROL CLASSIFICATION NUMBER/EXPORT CONTROL NUMBER

Typically an alphanumeric code to classify export commodities that have potential military or dual use application.

EXPORTER COUNSELING DIVISION

A division of the Export Administration's Office of Exporter Services. It is responsible for providing information to U.S. exporters on the Export Administration Regulations.

EXPORT ENFORCEMENT

A principal operating unit of the Bureau of Export Administration with responsibilities relating to the enforcement of export control on "dual-use" items.

EXPORT MANAGEMENT SYSTEM

An optional program developed by the Bureau of Export Administration to assist companies in complying with the export control provisions of the Export Administration Regulations.

EXPORT SEMINAR STAFF

A division of the Bureau of Export Administration that develops a full range of programs on exporting good and services.

EXPORTERS IDENTIFICATION NUMBER

A number that denotes a specific exporter.

EX-WORKS

A term of sale whereby the buyer takes possession and ownership of goods literally outside of the seller's premises.
 
  F
  FALSE BILLING

Describing freight on shipping documents so as to misrepresent the actual contents of the shipment.

FAVORED NATION

The status that is given to countries in which the United States has normal trade relations.

FEDERAL REGISTER

Government publication that prints rules/regulations of federal agencies daily.

FEEDER

In intermodal moves, a pickup/delivery vehicle or ship.

FIRST IN, FIRST OUT

Warehouse term meaning first items stored are the first used.

FLAT RACK

Open sided container usually designed with corner posts.

FLUCTUATION RISK

The risk inherent in international transactions due to due to currency fluctuations

FOB DESTINATION

A term of sale whereby freight cost is paid by seller to destination point.

FOB FACTORY

A term of sale whereby the price of goods includes the loading of goods aboard a carrier's vehicle at the seller's factory.

FOB VESSEL

A term of sale whereby the price of goods includes the transportation to, and loading of goods aboard a vessel.

FORCE MAJEUR

French for "Superior Power." Circumstances beyond ones control, excusing fulfillment of contract. Condition in contract that relieves either party from obligation where major unforeseen events prevent compliance with provisions of agreement.

FOREIGN TRADE ZONE ACT

Covers how and where zones are established, how they are administered, and what actions are permitted and forbidden in them.

FOREIGN TRADE ZONE

Importers may temporarily house imported merchandise in a free trade zone before it is processed through the Customs Service. The importer does not pay duties while the merchandise is in the foreign trade zone.

FORTY FOOT EQUIVALENT UNIT

Commonly describes a 40-foot container.

FORWARD

Towards the bow or front of the vessel.

FORWARDER

1) Individual/company that accepts LTL shipments and consolidates them into truckload lots on for-hire basis. 2) Agent who helps expedite shipments by preparing necessary documents/making other arrangements for moving freight.

FORWARDING AGENT

Firm specializing in shipping goods abroad. Payments made for insurance and other expenses are charged to foreign buyer.

FREE ALONGSIDE

Selling term in international trade whereby the selling party quotes a price including delivery of goods alongside overseas vessel at port of export.

FREE ALONGSIDE SHIP

A selling term that indicates that the quoted price includes the cost of delivering the goods alongside a designated vessel.

FREE IN AND OUT

Cargo to be loaded and discharged free of charge to vessel.

FREE IN OUT AND STOW

Cargo to be loaded, discharged and stowed free of charge to vessel.

FREE ON BOARD

A term of sale whereby the price of goods includes the loading of goods aboard a carrier's vehicle.

FREE TIME

The period of time allowed for loading or unloading before charges for detention or demurrage of equipment become effective.

FREE TRADE AREA

A designated trade area where tariffs on imported goods are reduced or eliminated for certain countries.

FREEZABLE FREIGHT

Freight that will be damaged if it is subjected to freezing temperatures.

FREIGHT BILL

Carrier's invoice for payment of transportation services rendered.

FREIGHT CHARGE

The charge assessed for transportation of freight.

FREIGHT CLAIM

A demand made upon a carrier for payment of overcharge, loss, or damage sustained by shipper or consignee.

FREIGHT CONFERENCE

See "Conference".

FREIGHT FORWARDER

A person who arranges the shipping and export clearance of imported merchandise.

FREIGHT MANIFEST

A mirror of the vessel's cargo manifest that also shows freight charges. For internal accounting and customer service use only.

FREIGHT OF ALL KINDS

A uniform rate irrespective of commodity.

FUEL ADJUSTMENT FACTOR

An ancillary charge on some ocean freight shipments to account for fluctuations in fuel costs. Also referred to as BAF or bunker adjustment factor.

FULL CONTAINER LOAD

Shipment of a full container.
 
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G
  GATEWAY

Point at which freight is interchanged/interlined between carriers, or at which a carrier joins two operating authorities provision of through service.

GENERAL AGREEMENT ON TARIFF AND TRADE

A multi-lateral trade agreement enacted with the purpose of unifying trade and Customs procedures worldwide.

GENERAL AVERAGE

A loss that affects all cargo interests on board a vessel, including the vessel itself. A vessel owner declares a vessel under General Average when the common good of the shipping parties involved will benefit through sacrifice of the goods on board.

GENERAL EXPORT LICENSE

Any of various export licenses covering commodities for which validated export licenses are not required. No formal application or written authorization is needed to ship exports under a general export license.

GENERALIZED SYSTEM OF PREFERENCES

A widely known preferential trade agreement that provides free or reduced rates of duty to beneficiary developing countries in an effort to assist their economic growth.

GENERAL LICENSE

A license which grants permission to export non-strategic goods to specified countries, without having to obtain a validated license.

GODOWN

The name given to storehouses and warehouses in the Far East.

GROSS WEIGHT

The weight of a container plus cargo.

GROUPAGE

A service providing facilities for small consignments to be consolidated and transported in a container.

GUARANTOR

One who makes a guarantee.

GUARANTY

A contract to see performed what another has undertaken.
 
  H
  HAGUE RULES (1921)

Rules defining the risks to be assumed by sea carriers under a bill of lading.

HARBOR MAINTENANCE FEES

Charges assessed to users for use of a harbor, used generally for maintenance of the harbor.

HARBORMASTER

An officer who attends to the berthing and other tasks of ships in a harbor.

HARBOR TAX

A tax paid quarterly by exporters to U.S. Customs based on a percentage of their total value of exports.

HARD MONEY

Refers to currency that is accepted internationally and is freely convertible.

HARMONIZED CODE

An internationally accepted and uniform description system for classifying goods for customs, statistical, and other purposes.

HARMONIZED TARIFF SCHEDULE OF THE UNITED STATES (HTSUS)

The legal list issued by the U.S. Government used to determine the classification of imported merchandise.

HARMONIZED TARIFF SCHEDULE/HARMONIZED SCHEDULE

A comprehensive list of all products, classified according to their characteristics, and used to provide duty rate and statistical information.

HARTER ACT

Legislation protecting a ship's owner against claims for damage resulting from the behavior of the vessel's crew; provided the ship left port in a seaworthy condition, and was properly manned and equipped.

HEDGING

A strategy used by dealers in commodities, foreign exchange and securities, and by manufacturers and other producers to prevent loss due to price fluctuations.

HIGH PERFORMANCE COMPUTER

Computers with a Composite Theoretical Performance greater than 2000 Million Theoretical Operations Per Second.

HOGSHEAD

A large cask.

HOLDER IN DUE COURSE

An individual or legal entity (holder) who possesses a negotiable instrument, document of title, or similar document, and who took possession for value, in good faith, and without notice of any other individual's or legal entity's claim or defense against the instrument or document.

HOLD FOR PICKUP

Freight to be held at the carrier's destination location for the recipient to pick up.

HOLD HARMLESS CONTRACT

An agreement by which one party accepts responsibility for all damages and other liability that may arise from a transaction, relieving the other party of any such liability. The contract provides complete indemnity.

HOLD WITHOUT ACTION

A designation placed on an export license to review the exporter's application or shipment under consideration.

HORIZONTAL EXPORT TRADING COMPANY

An export trading company that exports a range of similar or identical products supplied by a number of manufacturers or other producers.

HOUSE-TO-HOUSE

Cargo stuffed by the shipper at his facility and unstuffed by the consignee at his facility.

HOUSE-TO-PIER

Cargo stuffed
at shipper's facility and unstuffed at the carrier's facility.

HUB

A central location to which traffic from many cities is directed and from which traffic is led to other areas.

HUB AND SPOKE ROUTING

An aircraft routing service pattern that feeds traffic from many cities into a central hub.

HUNDREDWEIGHT PRICING

Special pricing for multiple piece shipments traveling to one destination that are rated on the total weight of the shipment (usually over 100 pounds) as opposed to rating on a per package basis.
 
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I
  IATA CODE NUMBER

A two digit alphanumeric code for air shipments to indicate the export carrier.

IMPORT

To receive goods or services from abroad.

IMPORT CERTIFICATE

A certificate required by certain countries in order to engage in specific import activities.

IMPORT DUTY

A certain tax, either ad valorem (based on value), specific (based on measure), or compound (based on value and measure) that is levied on imported items.

IMPORT LICENSE

A document required and issued by some national governments for the importation of goods into their country.

IMPORTER OF RECORD

The party in whose name the entry is made.

IN BOND

Shipment moving under Customs bond for clearance at a port other than the port of discharge.

IN TRANSIT

A term used to describe a shipment of goods which has temporarily stopped in the port of a country, other than the destination country, for purposes of re-fueling, to split loads, etc., but does not enter the commerce of another country.

INDEPENDENT ACTION

An action whereby an ocean shipping conference member carrier sets a tariff or rate that
is different from the established conference tariff or rate.

INDIVIDUAL VALIDATED LICENSE
A license granted by the Department of Commerce that grants permission to an exporter to export a specific amount of goods to a certain recipient for up to a two year period.

INLAND BILL OF LADING

A bill of lading used in transporting goods overland to the exporter's international carrier. Although a through bill of lading can sometimes be used, it is usually necessary to prepare both an inland bill of lading and an ocean bill of lading for export shipments.

INITIAL CARRIER

The transportation line to which a shipment is tendered at origin by the shipper.

INITIAL POINT

The point at which a shipment originates.

INTER-GOVERNMENTAL MARITIME CONSULTATIVE ORGANIZATION
Body for definition of dangerous categories or hazardous cargo (IMCO Classes).

INTERNAL CONTROL PROGRAM

A program to ensure that exports and re-exports are not made contrary to the Export Administration Regulations.

INTERNATIONAL AIR TRANSPORT ASSOCIATION

A trade association that oversees participating air carriers, and promotes the interests of shippers, passengers, and other travel industry participants.

INTERNATIONAL CHAMBER OF COMMERCE OF PARIS

An organization based in Paris that promotes international business.

INTERNATIONAL COMMERCIAL TERMS

Terms of sale that define what costs will be borne by the buyer/seller, and when and where the transfer risk of loss and title to goods will take place. Some terms include the following: Ex Works; Free Carrier; Free Alongside Ship; Free On Board; Cost and Freight; Cost, Insurance and Freight; Carriage Paid; Carriage and Insurance Paid; Delivered At Frontier; Delivered Ex Ship; Delivered Ex Quay; Delivered Duty Unpaid; and Delivered Duty Paid.

INTERNATIONAL EMERGENCY ECONOMIC POWERS ACT

An act which authorizes the president to investigate, regulate compel or prohibit any economic transaction in order to protect national interests. (USA)

INTERNATIONAL LONGSHOREMENS ASSOCIATION

An association of longshoreman that works towards promoting the good of their society.

INTERNATIONAL MARITIME DANGEROUS GOODS CODE

A code adopted by the International Maritime Organization that classifies dangerous goods and hazardous cargo.

INTEGRATED ROUTE

A carrier branded multi-carrier bookable route.

INTENT TO DENY

A letter that informs an applicant of the decision by the Bureau of Export Administration's to deny a license application.

INTERCHANGE

Passing freight from one carrier to another between lines.

INTERLINE FREIGHT

Freight moving from origin to destination over two or more transportation lines.

INTERMODAL SHIPMENT

A shipment that may be transferred from one form of transport to another, as from a highway truck, to a railway freight car, to an ocean vessel.

INTERMODAL TRANSPORTATION

Using more than one mode of transportation to deliver shipment.

INTERSTATE COMMERCE

Exchanging of goods between buyers and sellers in two or more states.

INTERSTATE COMMERCE ACT

An Act of Congress regulating the practices, rates and rules of transportation lines engaged in handling interstate shipments within the U.S.

INTERSTATE COMMERCE COMMISSION

The Federal body charged with the duty of enforcing Acts of Congress affecting common carriers, including railroads, trucks, buses, inland water carriers and pipelines in interstate commerce within the U.S.

INTERIOR POINTS INTERMODAL

A term used by ocean carriers to describe door to door delivery service. Ocean carriers frequently quote rates on an IPI basis.

INTERNATIONAL STANDARDS ORGANIZATION

An international, non-governmental body with headquarters in Geneva. Through a system of committees, the ISO brings technical experts together from around the world to negotiate voluntary recommended technical specifications on a broad spectrum of items.

INTRASTATE COMMERCE

Business conducted within one state.

INVOICE ARRIVAL NOTICE

Notification that an invoice has arrived.

INWARD CHARGES

Charges incurred by a ship or cargo when entering a port.

ISRAEL FREE TRADE AGREEMENT

A preferential trade agreement between the United States and Israel.

ISSUING CARRIER

The carrier by which a tariff is published or Bill of Lading or other document is created.

ITEMS

Commodities, software, and technology.
 
  J
  JUST-IN-TIME

A method whereby goods used for production are delivered to manufacturers immediately before they are needed. This process avoids stockpiling and warehousing.

JOURNAL OF COMMERCE

A publication that advises the general public of news that affects domestic and international trade. (USA)

JOINT RATE

A rate agreed upon by two or more carriers, published in a single tariff, and applied between one point on one line, and another point on another line.
 
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K
  KNOCKED-DOWN

Not assembled or unassembled.

KANBAN

A Japanese word for "visible record." Manufacturing control system in which suppliers deliver needed parts to assembly line "just in time" for use.

KEELAGE

A duty charged that permits a ship to enter and anchor in a port or harbor.

KNOWLEDGE

Awareness that a circumstance exists or is substantially certain to occur, or an awareness of a high probability of its existence or future occurrence. Such awareness is inferred from evidence of the conscious disregard of facts known to a person and is also inferred from a person's willful avoidance of facts.
 
 
  L
  LATIN AMERICAN INTEGRATION ASSOCIATION

An organization that supports the integration and proliferation of preferential agreements between Latin American participants.

LAID UP

A moored or blocked vessel that is awaiting employment, repair or clearance.

LANDBRIDGE

Intermodal system of shipping international cargo across intervening continent, from one seacoast to another, by special through-trains. Overland movement of containers having both a preceding and subsequent movement by ship.

LANDED COST

Total expense of receiving goods at place of retail sale, including retail purchase price, transportation costs, duties, value added taxes, excise tax and other taxes.

LANDING COST

The initial charges for landing imported goods, such as those for receiving goods from dockside vessels or from barges to lighters. They may also cover wharfage or delivery from the dock to land conveyance or warehouse.

LIGHTER ABOARD SHIP

Use of specially designed barges (or lighters), in which cargo is loaded directly in the barge. The barge is then moved via river and canal networks to a port area to await arrival of an oceangoing, barge-carrying ship, then hoisted aboard the ship by cranes or elevators.

LASHING

Restraining Devices to secure cargo/containers on a vessel.

LAST IN, FIRST OUT

Accounting method of valuing inventory that assumes latest goods purchased are first goods used during accounting period.

LAY TIME

Time in which ship is loaded/unloaded and for which no demurrage is charged.

LESS-THAN-CONTAINERLOAD

A shipment that does not completely fill a container.

LESS DEVELOPED COUNTRY

An unindustrialized, undeveloped, or developing nation.

LEG

City-pair traveled non-stop, one point to another, by the same conveyance.

LESSEE

Party or company with legal possession/control of vehicle (with/without driver), or other equipment owned by another under terms of lease agreement.

LESSOR

Party or company granting legal use of vehicle (with/without driver), or other equipment to another party under terms of lease agreement.

LESS-THAN-TRUCKLOAD

Less than quantity of freight required applying truckload rate charged by motor carriers.

LETTER OF ASSURANCE/LETTER OF ASSURANCE ENCRYPTION

Special instructions and guidance to help exporters apply for an export license, classify commodities or submit notification for encryption products.

LETTER OF CREDIT

Method of paying for goods, where buyer establishes credit with local bank, clearly describing goods to be purchased. Upon receipt of documentation, bank either is paid by buyer or takes title to goods and transfers funds to seller.

LICENSE

Authority issued by a government or non-governmental agency that regulates some type of activity.

LICENSE EXCEPTION

An authorization that allows for the export or re-export, under stated conditions, that otherwise would require a license.

LICENSING AGREEMENT

A contract whereby the holder of a trademark, patent, or copyright transfers a limited right to another party to use a process, sell, or manufacture an article, or furnish specialized services covered by the trademark, patent or copyright to another firm.

LIEN

A type of legal claim upon goods for the satisfaction of some debt or duty.

LIFT-ON/LIFT-OFF

The acronym meaning "lift-on/lift-off." denoting the method by which cargo is loaded onto and discharged from an ocean vessel. Cargo loaded or unloaded by either ship or shore cranes.

LIGHTER ABOARD SHIP

A containerized concept where the containers are also barges for further water movement.

LINE HAUL

The transportation of freight between cities; as distinguished from local pickup and delivery operations.

LINE-HAUL-COSTS

Costs assigned to line haul service as distinguished from terminal costs.

LINEHAUL OPERATION

The direct movement of freight between two major ports by a single ship or carrier.

LINER CARRIAGE

Liner carriage is common carrier water service by a vessel operator, with an advertised schedule of a predetermined and fixed itinerary over a given route at relatively regular intervals.

LINER CONFERENCE

An agreement among carriers that regularly serve a particular trade route to establish freight rates and service levels.

LINER DISCHARGE

Payment by the ship owner for unloading of cargo, including stevedore wages.

LINERS

Vessels that maintain a service between named ports on a fixed schedule.

LIQUIDATION

The final review and assessment of duty on imported merchandise by the Customs Service.

LLOYD'S OF LONDON

An incorporated society of marine and non-marine underwriters in London. In addition to insurance, the corporation's subsidiary, Lloyd's of London Press, collects and disseminates shipping intelligence.

LLOYD'S REGISTER OF SHIPPING

Yearly document issued by Lloyd's. Contains tonnage, age, build, nationalities, mode of power, condition of registered ships, latest voyage number, reported position, etc..

LOCAL CARTAGE

The pick-up and delivery of freight for line haul carriers, within a terminal area or commercial zone.

LONG FORM BILL OF LADING

Carriers Bill of Lading form containing all terms and conditions of the contract of carriage.

LONGSHOREMAN

Person employed at ship ports to load/unload vessels and provide other related maritime services.

LONG TON

Equivalent to 2,240 pounds or 20 long hundredweights. Also called a gross ton.

LOSS AND DAMAGE CLAIM

A claim filed as a result of loss/damage discovered when a package is delivered.
 
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M
  MANIFEST

A listing of all the shipments on a vessel. It is primarily used by customs to regulate and control inbound cargo.

MANUFACTURING RESOURCE PLANNING

A manufacturing planning system that affects materials management, inventory control, and production management.

MAQUILADORA

A program designed and promoted by the Mexican government that allows foreign manufacturers to ship components into Mexico duty-free for assembly and subsequent reexport.

MARINE INSURANCE

1) Insurance that compensates the owner of goods transported overseas in the event of loss that cannot be legally recovered from the carrier. 2)Insurance against damage or loss of vessel.

MARKING (country of origin)

The physical stamp, wording, or marking on an article or merchandise that shows in what country the article or merchandise was produced.

MATERIAL RELEASE ORDER

An order that authorizes the release of materials.

MAXIMUM PAYLOAD

The amount of weight of cargo which a container is designed to carry.

MAXIMUM RATE

The highest rate that may be charged.

METRIC TON

2,204.6 pounds.

MEXICAN CERTIFICATE OF ORIGIN

A document that certifies that goods originated from a specific country.

MEXICAN COMMERCIAL INVOICE

An invoice readily accepted by the Mexican Customs authorities that provides shipment details of quantities, weights, values, etc.

MICROBRIDGE

Provides for intermodal transport of freight from inland city to seaport with through movement transfer of container freight onto overseas ship.

MINI-BRIDGE

Overland movement of containers with a preceding or subsequent movement by ship.

MINIMUM CHARGE

The lowest charge for which a shipment will be handled.

MINIMUM RATE

The lowest rate that may be charged.

MISSILE ANNEX REVIEW COMMITTEE

An interagency group that develops U.S. proposals and reviews foreign proposals to change the Missile Technology Control Regime Annex.

MISSILE TECHNOLOGY

Technology applicable to the research, design or production of missiles.

MISSILE TECHNOLOGY ADVISORY GROUP

An advisory group that collects and disseminates information on missile technology.

MISSILE TECHNOLOGY CONTROL REGIME

A group of nations that have agreed to certain guidelines for restricting the export and re-export of dual use items that may contribute to the development of missiles.

MISSILE TECHNOLOGY EXPORT CONTROL GROUP

An interagency group chaired by the Department of State that primarily reviews applications involving controlled items that have missile technology applications.

MOST FAVORED NATION

A trade policy status that affords all members within the World Trade Organization, under the General Agreement on Tariffs and Trade, equal treatment as other member countries.

MOTOR CARRIER ACT OF 1935

Act of Congress bringing motor common carriers and contract carriers under Interstate Commerce Commission (ICC) jurisdiction. (USA)

MOTOR CARRIER ACT OF 1980

Act of Congress that deregulated for-hire trucking industry. (USA)

MULTILATERAL AGREEMENT

An international pact or agreement involving three or more parties.

MULTIMODAL

Using more than one transportation mode to move load of goods.
 
  N
  NAFTA CERTIFICATE OF ORIGIN

A document that certifies that goods have originated in a specific country.

NATIONAL CUSTOMS BROKERS & FORWARDERS ASSOCIATION

An association that gathers and disseminates information to its member customs brokers and freight forwarders. (USA)

NATIONAL SECURITY

Any and all actions taken to protect the interests of a nation.

NATIONAL SECURITY DIRECTIVES

Mandates to work towards the protection of interests of a nation.

NESTED NET WEIGHT

1) Weight of article without packing and container. 2) Weight of entire contents of vehicle. 3) Weight of cargo before containerization.

NO., NOS.

Number, Numbers

NO LICENSE REQUIRED

A general statement that a specific import or export item does not require a license.

NON-NEGOTIABLE

Not transferable from one person to another, and therefore, a document that has no value to another.

NON-VESSEL OPERATING COMMON CARRIER

Cargo consolidator of small shipments in ocean trade, generally soliciting business and arranging or performing containerization functions at the port.

NORTH AMERICAN FREE TRADE AGREEMENT

The North American Free Trade Agreement agreed to by the U.S.A., Canada, and Mexico. NAFTA eliminates certain tariffs, promotes market access, and facilitates customs administration.

NOT ELSEWHERE SPECIFIED

A shipping term that indicates that the rate stated in a tariff applies to all commodities within a given commodity group, except those appearing under their own rate.

NOTICE OF ARRIVAL

A notice sent promptly to a consignee that advises that certain freight has arrived at destination port or airport.

NOT OTHERWISE INDICATED BY NAME

A term used to describe an item or commodity that is unclassified.

NOT OTHERWISE SPECIFIED

Tariff term used for unclassified commodity indicating that the rate stated in the tariff applies unless it is specified otherwise.

NUCLEAR ACTIVITIES

Any activity involved in the proliferation of nuclear devices.

NUCLEAR NON-PROLIFERATION

A term used to describe the reduction or elimination of efforts towards nuclear armament.

NUCLEAR PROLIFERATION

Actions that contribute to the advancement of widespread nuclear armaments.

NUCLEAR REGULATORY COMMISSION

Regulates the transfer of nuclear facilities, materials and parts with unique nuclear applications.

NUCLEAR SUPPLIES GROUP

A group of nations that have agreed to guidelines for restricting the export or re-export of items with nuclear applications.
 
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O
  OCEAN BILL OF LADING

See Bill of Lading.

OFF-ROUTE POINTS

Points located off regular route highways of line-haul carriers, generally served only on irregular schedules.

OFFICE OF ANTI-BOYCOTT COMPLIANCE

Responsible for implementing the anti-boycott provisions of Export Administration Regulations. This office performs three main functions: 1) enforcing regulations; 2) assisting the public in anti- boycott compliance; and 3) compiling and analyzing information regarding international boycotts. (USA)

OFFICE OF NONPROLIFERATION CONTROLS AND TREATY COMPLIANCE

The office in Export Administration responsible for administering the Department's multilateral export control responsibilities under the Nuclear Suppliers Group, the Missile Technology Control Regime and the "Australia Group."

OFFICE OF NUCLEAR & MISSILE OFFICE OF DEFENSE TRADE CONTROL

The office at the Department of State that administers licenses, defense services, and defense (munitions) articles. (USA)

OFFICE OF ENFORCEMENT ANALYSIS

The central point for the collection, research analysis of classified and unclassified data bases relative to end-users of export control concern. (USA)

OFFICE OF EXPORT ENFORCEMENT

Responsible for investigating violations to the Export Administration Regulations and violations of the Fastener Quality Act; apprehending violators; and working with BXA's Office of Chief Counsel, U.S. Attorneys, and other officials in the prosecution of violators. (USA)

OFFICE OF EXPORTER SERVICES

The office in Export Administration responsible for counseling exporters, conducting export control seminars, and drafting and publishing changes to the Export Administration Regulations. (USA)

OFFICE OF FOREIGN ASSETS CONTROL

Part of the Department of the Treasury responsible for blocking assets of foreign countries subject to economic sanctions, controlling participation by U.S. persons, including foreign subsidiaries, in transactions with specific countries or nationals of such countries, and administering embargoes on certain countries or areas of countries. (USA)

OFFICE OF STRATEGIC INDUSTRIES & ECONOMIC SECURITY

The office in Export Administration responsible for implementing programs to ensure that U.S. Defense industries can meet national security requirements, for facilitating diversification of U.S. Defense related industries into civilian markets, and for promoting the conversion of military enterprises in Newly Independent States to civilian application. (USA)

OFFICE OF STRATEGIC TRADE & FOREIGN POLICY CONTROLS

The office in Export Administration responsible for implementing the multilateral export controls under the Wassenaar Arrangement; an agreement that deals with conventional arms and related dual-use items. (USA)

OFFICE OF TECHNOLOGY CONTROLS

An agency responsible for all export control policy issues relating to the Nuclear Suppliers Group and the Missile Technology Control Regime. (USA)

OPEN INSURANCE POLICY

A marine insurance policy that applies to all shipments made by an exporter over a period of time rather than to one shipment only.

OPERATING AUTHORITY

Route points, and types of traffic that may be served by a carrier. Authority is granted by federal, state or local regulatory agencies.

OPERATING COMMITTEE

The interagency working group, chaired by the Bureau of Export Administration, which reviews license applications that are in dispute among reviewing agencies and that have gone beyond established licensing time frames. (USA)

OPERATING RATIO

Comparison of carrier'