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Acharge raised for detaining a vessel at a port beyond its intended stay.

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3. __________________ – the individual or company to whom a seller or shipper sends merchandise

4. __________________ – entire weight of goods, packing, and container ready for shipment.

5. __________________ – the transfer of a shipment from one carrier to another in international trade, most frequently from one ship to another. They are avoided whenever possible as the unloading and reloading of delicate merchandise is likely to cause damages.

6. __________________ – a public or privately owned firm or corporation that transports the goods of others over land, sea, or through the air, for a stated freight rate. By government regulation, a common carrier is required to carry all goods offered if accommodations are available and the established rate is paid.

7. __________________ – an individual or company, acting on the behalf of a shipper, who arranges all necessary details of shipping and documentation for a manufacturer or exporter, which includes employing the services of a carrier of carriers. They offer additional services such as preparing export documentation, arranging for goods to be packed into shipping containers, arranging for goods to clear customs, etc.

8. __________________ – ownership of the legal rights to possess, use or dispose of products created by human ingenuity, including patents, trademarks and copyrights.

9. __________________ – a statement in which a producer specifies where his goods were manufactured, certifies that manufacturing has been completed, and confirms that the goods are at the buyer’s disposal.

10. __________________ – a statement signed by the exporter and attested to by a local Chamber of Commerce, indicating that the goods being shipped originated and were produced in the exporter’s country. This is an important document to the buyer and seller and the Customs authorities as it affects tariffs and quotas applied between countries for specific product.

11. __________________ – a legal agreement between parties in which ownership of property for goods is transferred, or will be transferred, from a seller to a buyer for a fixed sum under certain terms and conditions.

12. __________________ – 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.

13. __________________ – a legal document that is necessary for the export of goods controlled by relevant Government authorities.

14. __________________ – a document certifying that merchandise (such as perishable goods) was in proper condition immediately prior to shipment.

15. __________________ – a document that provides evidence that insurance will cover the loss of or damage to the goods during transportation.

16. __________________ – a document that accompanies goods from the exporting country and it gives a detailed breakdown of the way goods have been packed in the consignment to facilitate

Both the importer and customs authorities to easily verify the quantities and description ofthe consignment. Vital information to consider in this document includes goods description, weights, quantities and dimensions.

17. __________________ – a certificate issued by the Department of Agriculture indicating that a shipment has been inspected and is free of harmful pests and plant diseases.

18. __________________ – an invoice prepared by the seller in advance of shipment that documents the cost of goods sold, freight, insurance, and other related charges. It is often used by the buyer to secure a letter of credit or an import license.

19. __________________ – a commercial document prepared by a seller as indication of the final agreement on the sale of goods. It lists all items sold and presented to the buyer for payment. It contains the following information; description of goods, quantity sold, the actual price paid or payable, terms of payment, terms of delivery. This document is different from a pro-forma invoice in that whereas on the pro-forma invoice there is still room for negotiations and is subject to change.

SELF-CONTROL QUESTIONS


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