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CXT
Common External Tariff
CW
Cash With Order
CV
Constructed Value
Customs Tariff
A schedule of charges assessed by the federal government on imported and/or exported goods.
Cum.
With, Cumulative
Cts.
Crates
Credit Risk Insurance
Insurance designed to cover risks of nonpayment for delivered goods.
Credit Risk Insurance
A form of insurance which protects the seller against loss due to default on the part of the buyer.
CPT
Carriage Paid To
Conv.
Conveyance
Container
Box, in several standard sizes, designed to enable goods to be sent several places without the contents being touched.
Container
A uniform, sealed, reusable metal "box" in which merchandise is shipped by vessel, truck, or rail. Standard lengths include 10, 20, 30, and 40 feet (40 foot lengths are generally able to hold about 40,000 pounds). Containers of 45 and 48 feet are also used, as well as containers for shipment by air.
Consumption Entry
An official form used for declaration of value, description and the total duty due on such transaction.
Consul
A government official residing in a foreign country who is charged with the representation of the interests of his country and its nationals.
Consignor
Person who gives goods to a carrier for delivery to a consignee.
Consignment
Delivery of merchandise from an exporter (the consignor) to an agent (the consignee) under agreement that the agent sell the merchandise for the account of the exporter. The consignor retains title to the goods until sold. The consignee sells the goods for commission and remits the net proceeds to the consignor.
Consignee Marks
A symbol placed on packages for export for identification purposes; generally consisting of a triangle, square, circle, diamond, cross, with letters and/or numbers as well as port of discharge.
Consignee
The person or firm named in a freight contract to whom goods have been consigned or turned over. For export control purposes, the documentation differentiates between an "intermediate" consignee and an "ultimate" consignee.
consignee
Person to whom goods are to be delivered at a particular destination by a carrier.
Consgt.
Consignment
Conds.
Conditions
Concession
A tariff reduction, tariff binding, or other agreement to reduce import restrictions; usually accorded pursuant to negotiation in return for concessions by other parties.
Compensation
A GATT principle which holds that if any member country raises a tariff above its bound rate, withdraws a binding or otherwise violates a trade concession with GATT justification, the party must lower other tariffs or make other concessions to offset the disadvantage suffered by trading partners or face offsetting actions (retaliation) by affected parties.
Comp. T.L.
Compromised total loss
Commonwealth
A commonwealth is a free association of sovereign independent states that has no charter, treaty, or constitution. The association promotes cooperation, consultation, and mutual assistance among members. The British Commonwealth (with headquarters in London, England) is the most notable example; it included 50 states at the beginning of 1991.
Common Market
A common market (as opposed to a free trade area) has a common external tariff and may allow for labor mobility and common economic policies among the participating nations. The European Community is the most notable example of a common market.
Commercial Invoice
The commercial invoice is a bill for the goods from the seller to the buyer. These invoices are often used by governments to determine the true value of goods for the assessment of customs duties and are also used to prepare consular documentation. Governments using the commercial invoice to control imports often specify its form, content, number of copies, language to be used, and other characteristics.
Commercial Code
A published code designed to reduce the total number of words required in a cablegram.
Com.
Commission
Cmpl.
Completed
Clean Draft
A draft to which no documents have been attached.
Clean Bill of Lading
A receipt for goods issued by a carrier with an indication that the goods were received in "apparent good order and condition," without damages or other irregularities.
cld.
Cleared
CJ
Commodity Jurisdiction
CIV
Customs Import Value
CIT
Court of International Trade
cif
Cost, insurance, freight
CIF
Cost, Insurance and Freight
Classification society
An independent organization that certifies that a ship has been built and maintained according to the organization's rules for that type of ship and complies with the applicable rules and regulations of the country of the ship's registry and the international conventions of which that country is a member. A ship that receives its certification is referred to as being "in
Charterhire
A sum of money paid to the shipowner by a charterer for the use of a ship. Charterhire paid under a voyage charter is also known as "freight."
Charterer
The party that hires a ship for a period of time or for a voyage.
Charter
The hire of a ship for a specified period of time or a particular voyage to carry a cargo from a loading port to a discharging port. The contract for a charter is commonly called a charterparty.
chq.
Cheque
CHG
Charge d'Affaires
CHB
Customhouse Broker
Charter Party
Renting of an entire vessel or part of its freight space for a particular trip or stipulated period of time.
Certificate of Origin
Certain nations require a signed statement as to the origin of the export item. Such certificates are usually obtained through a semiofficial organization such as a local chamber of commerce. A certificate may be required even though the commercial invoice contains the information.
Certificate Of Origin
A certified document as to the origin of goods, used in foreign commerce.
Certificate of Manufacture
A document (often notarized) in which a producer of goods certifies that the manufacturing has been completed and the goods are now at the disposal of the buyer.
Certificate of Inspection
A document certifying that merchandise (such as perishable goods) was in good condition immediately prior to shipment. Pre
Certificate of Delivery
See: Delivery Verification Certificate.
CD
ROM
CCFF
Compensatory and Contingency Financing Facility
Cash With Order (C.W.O.)
A method of payment for goods in which cash is paid at the time of order and the transaction becomes binding on both buyer and seller.
Cash With Order
CWO is a means of payment in which the buyer pays cash when ordering; the order is binding on both seller and buyer.
Cash In Advance (C.I.A.)
A method of payment for goods in which the buyer pays the seller in advance of the shipment of the goods. Usually employed when the goods are built to order, such as specialized machinery.
Cash Against Documents (C.A.D.)
A method of payment for goods in which documents transferring title are given to the buyer upon payment of cash to an intermediary acting for the seller, usually a commission house.
Cash Against Documents
A term denoting that payment is made when the bill of lading is presented.
cargo
Goods carried in or on a ship
CAR
Commercial Activity Report
cap
Capacity
cancl.
Canceling
Canc.
Cancelled
CAD/CAM
Computer Aided Design/Computer Aided Manufacturing
CAD
Cash Against Documents
c/s
Cases
C/P
Charter Party, Custom of Port (grain trade)
c/i
Certificate of insurance
C.W.
Commercial weight
c.p.d.
Charterers' pay dues
C.P.A.
Claims payable abroad
C.O.D.
Cash on delivery
C.O.B.
Cargo on board
c.i.f.c.i.
Cost, insurance, freight, commission and interest
c.i.f. & e.
Cost, insurance, freight and exchange
c.f.i.
Cost, freight and insurance
c.f.
Cubic feet. Carried forward
C.&I.
Cost and insurance
c. & i.
Cost and insurance
c. & f.
Cost and freight
C. & D.
Collected and delivered
C.
Collected, Currency, Coupon, Coast
C&F Named Port
Cost and freight. All costs of goods and transportation to the named port are included in the price quoted. Buyer pays insurance while aboard ship up to overseas inland destination.
C
Consulate