Section II

Please, fill in the blank below.

1. __________________ – a standard clause of international contracts exempting the parties for nonfulfillment of their obligations by reasons of occurrences beyond their control, such as earthquakes, floods or war.

2. __________________ – a penalty for exceeding free time allowed for loading or unloading at a pier or freight terminal. Also a charge for undue detention of transportation equipment or carriers in port while loading or unloading.

3. __________________ – an independent business that dispatches shipments for exporters for a fee. Company that, as an agent for the shipper, arranges transportation for goods. The firm may ship by land, air, or sea, or it may specialize. Usually it handles all the services connected with an export shipment; preparation of documents, booking cargo space, warehouse, pier delivery and export clearance. The firm may also handle banking and insurance services on behalf of a client..

4. __________________ – any person or firm who, in a contract of transportation, undertakes to perform, or to procure at his own responsibility the performance of, transportation by rail, road, sea, air, inland waterway or by a combination of such modes.

5. __________________ – adocument that acts as a receipt for goods dispatched by air, but is not negotiable and consequently not a document of title. The airline notifies and deliveres the goods to the consignee.

6. __________________ – a receipt issued by a carrier for goods consigned by sea and detailing terms of carriage.

7. __________________ – bill of lading that bears no clause or notation which expressly declares a defective condition of the goods and/or the packaging.

8. __________________ – a document that certifies the origin of goods. It also gives the criteria for conferring origin. This certificate shows the preferential treatment of the goods being considered. This document is usually issued either by the national chamber of commerce or by the export promotion boards.

9. __________________ – a formal agreement by which a seller agrees to supply goods and trasfer a property title for goods where as a buyer agrees to take goods, acquire proprietary rights over goods and to pay agreed amount of money, under certain terms and conditions stipulated by both parties.

10. __________________ – a legal document certifying that goods or products are insured against certain risks before carriage. This can be marine insurance, marine and road insurance, or all risks cover. This certificate is issued as evidence that a certain insurance policy has been under taken to cover the goods.
11. __________________ – this document is an itemized list describing the quantity and type of merchandise in a shipment. It includes the type of package, such as a box, crate, pallet, drum, carton or container and the dimensions and weight. Customs officials will use this list to check the cargo and buyers will use it to inventory merchandise received.

12. __________________ – a document which the seller issues in response to the purchase order. It stipulates the terms and conditions upon which the seller will sell the goods to the buyer. Some of the important information contained in this document includes description of goods, unit price and total consignment price, the terms of payment, terms of delivery.

13. __________________ – a document that is essentially a bill for goods from the seller to the buyer. The document is prepared by the exporter and provides information about the transaction including description of goods, addresses of the parties and delivery and payment terms. It is also used as a basic document in determining the customs value of goods when assessing customs duties.

14. __________________ – a standard clause of international contracts stipulating settlement of legal dispute resolution in case of litigation.

Дата добавления: 2015-07-10