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Status of goods or persons between the outwards customs clearance and inwards customs clearance. Bonded Transit Warehouse
In 1936, the International Chamber of Commerce first published a set of international rules for the interpretation of trade terms. These rules became known as Incoterms. Amendments and additions have occurred in 1953, 1967, 1976, 1980, 1990 and 2000.
Additional costs incurred while manufacturing and preparing a product for export (e.g., product modifications, special export packaging and export administration costs). This does not include the costs to manufacture a standard domestic product, export crating and transportation to the foreign market.
Compensation of lading for a loss and/or the expenses incurred.
Any route other than the direct route. Direct Route
A required document issued by the Government authorizing the export of specific commodities. This license is for a specific transaction or time period in which the exporting is to take place. General Export License
Characteristic of cargo which causes, or is liable to cause, loss or damage to the cargo, without any accident occurring (e.g. spontaneous combustion). It is always excluded by the insurers of the cargo because of its inevitable nature.
Synonym for Consignment Note, used in USA and Canada. Consignment Note
Abbreviation: ICD. Inland location where cargo, particularly containerized, may be cleared by customs.
Transport document made out to a named person, to order or to bearer, signed by the carrier and handed to the sender after receipt of the goods.