GLOSSARY OF FOREIGN TRADE

Next, in alphabetical sequence you can found the used terms in the international transport of merchandise and its process of commercialization.

To Firm
Under this modality the value of the merchandise does not admit any modification.

 

Temporary admission
Entrance to the national territory or the rest of the country of certain originating merchandise of the foreigner or from zones of special customs treatment, with a certain aim and to be import, to be re-exported or to be given back to its place of origin within an established term.

 

Gauging
Action in that the merchandise are recognized, to verify its nature and value, to establish its weight, counts or measured, to classify them in the tariff nomenclature, determining the tariffs and taxes that are due to apply.

 

Documentary Gauging
Document of export or import consists of reviewing with much exactitude the state of them, that these do not have any correction.

 

Physical Gauging
It consists of reviewing as it is the real state of the merchandise, verifying that this one is in perfect conditions without no type of decomposition (if it is eatable merchandise), or that the load was in perfect conditions.

 

Particular Warehouse
Enclosure of defined and perfectly individualized deposit in the destination document, where the foreign merchandise remain under customs power, without paying to the rights and taxes that they cause in his import.

 

Warrants Warehouses

Particular warehouses in which merchandise are deposited and cancel a rate of storage, with previous official authorization. The one in charge of the warehouse grants to the owner of the merchandise a certificate-receipt.

 

Supplying
The boarding of national or nationalized merchandise, of farm, destined to the ships or airships, nationals or foreigners, who do not carry out international transport.

 

Arbitrations
Change between foreign currencies, is made in national markets or outside the country.

 

Under Condition

The final value of the merchandise it is fulfillment of the conditions has left subject that are agreed between the exporter and the importer but.


Broker
Reinsurance or insurance agent. Agent or runner who represents the owner or buyer of merchandise, whose functions are those to act like intermediary between assigning and the reinsuring, being in charge in exchange for a commission.

 

Cabotage
Transport by sea of merchandise national or nationalized or simple navigation between two points of the coast of the country, although is by outside their territorial waters, but without touching foreign port. Also it exists air cabotage and trucking cabotage.

 

Letter of Carry
Document equivalent to the bill of lading in the road and railway transport.

 

Bill of Lading
Deprived Scripture in which the captain and shipper recognize the fact of the boarding of the merchandise and express the conditions the agree suitable transport.

 

Consolidation
System by which one groups in a same container merchandise of a shipper for several addresses or several shippers for several addresses.

 

Depot container (CD)
It indicates the place designated by the carrier where the agent gives the empty containers to the exporter so that these can be occupied by the merchandise to shipment.

 

Container

Metallic structure or of another designed material to conserve merchandise, to facilitate the transport and the protection of these.

 

Demurrage
It means that a delay in a port by some ship that is been prisoner greater time to the one than it corresponds.

 

Custom deposit
Place destined to the storage or guard of merchandise under power of the Service, excluding the particular warehouses.

 

Ad-valorem Tax
Tribute that burdens the import of merchandise and that pays attention to percentage on the customs value of them.

 

Custom Tax
Tax established in the Customs Tariff and/or the national legislation, to which are subject the merchandise that enter the national territory or which they leave it.

 

Specific Tax
Tribute that the import of merchandise in a fixed amount of money by each unit of measurement burdens previously established, that can be kilogram, litter, dozen, meter, etc.

 

Customs Clearance
Customs procedure under which the concerned merchandise are left to disposition of their owner, by the Customs, after fulfilling all necessary the customs formalities and the payment of rights.

 

Unloading
Inverse action of the rammer (to unload the ship in ordered and balanced form).

 

Insurance Documents
Are denominated contracts Policies by means of which an insurer is committed by means of the payment of a premium, to compensate to an insured in the case that some wreck or damage to the assured thing takes place, previous investigation and confirmation of the insurance at issue.

 

Transport Documents
They are the contracts of transport of merchandise emitted by the transports companies, that credits that they have taken the load in a certain place and they are committed to give it in the been suitable point, to a certain person. (B/L - AWB - CRT - CP).

 

In Consignment With Minimum To Firm
The value of the merchandise is carried out in this modality of Sale to Firm, and the definitive value of the merchandise the fulfilment of the other conditions has left subject that are agreed between the exporter and his buyer upon the outside.

 

In Free Consignment
The value of the merchandise is only referential, in as much as the merchandise are sent to an agent or cosignatory abroad, so that this one relates and comes to its sale according to the instructions given by the exporter or in agreement to the agreed thing.

 

Loading
It is to put the load on the ship, so that it allows the balance and determined order to avoid accidents or damages by bad mooring cables (illegal lashing), imbalance, to properly protect the loads of the water of sea, rains, pressures, etc.

 

Customs burdens
Tax established in the Customs Tariff and/or national legislation, to as are subject the merchandise that enter the national territory or which they leave it.

 

Air Way Bill
Document equivalent to the bill of lading, used in the air transport of merchandise.

 

Courier Way Bill
Document that gives to account of the contract between the sender and the Company of Mail fast or Courier, that does the times of bill of lading, by each shipment, having to in detail specify the content of each one of the packs that it protects.

 

Incoterms
Uniform rules and uses relative to used documentary credits and receives in the operations of foreign trade.

 

IVA (Tax to the Added Value)
Tribute that, to the import of merchandise pays attention, calculates and perceives in percentage on the customs value of them plus the rights of Customs.

 

Release
Act by which the Customs allows the interested ones to have the merchandises that are object of their unload.

 

Liquidation
Operation by means of which, on the basis of the gauging, the arithmetic calculations practice in order to determine the amount of the rights, taxes, rates and burdens that affect merchandise and that correspond to apply to the Service.

 

Cargo Manifest
Document that contains the complete relation of the packs of any class of the vehicle excluding the postal effects and of the effects of crew and passengers, subscribed by the driver.

 

Sales Modalities
These constitute some of the forms in which normally the exporter have sharpened their contracts of transaction with the buyer, and define if the price will be subject to some modification or will remain immutable.

 

Samples without commercial value
Articles considered by the Customs like of minimum value and used to only obtain orders of merchandise.

 

Packing List
Document which details the merchandise that a bulk or a transport contains. It is used, of preference, when assorted varied merchandise
.

 

Country of origin
Country in which the merchandise have been extracted, harvested, bred, made or armed total or partially from original products of the same, and/or of a percentage or the total of raw material imported to him, under the conditions that in each opportunity are suitable the contracting States in an Agreement the International.

 

Pallets
Platform that serves to prepare the merchandise with its respective supports and railings to protect them.

 

Ports
Places of the coast that through of terrestrial spaces, infrastructure and facilities, and inlet areas, exit, dockage and permanence of ships, and by their geographic location, its natural or artificial physical training conditionses and of organization, services to the ships, loads, passengers or crew member.

 

Enclosure’s Deposit Customs
Place qualified by the law or the National Service of Customs where the merchandise under their power are deposited. The enclosures qualified like Particular Warehouse are excluded from this definition.

 

Recognition
Operation by means of which the dispatcher with mandate to dispatch or the interested one, reviews or inspects the merchandise in the enclosures of customs deposit before putting under them a customs destination.

 

Repacking
Consisting of operation the modification of the internal and/or external preparation of the merchandise in order to correct flaws of its packages, to facilitate its transport and storage.

 

Retirement
Act by which the Customs allows the interested ones to have the merchandises that are object of their unload.

 

Seal

Piece of metal or another matter that serves to both unite extreme of a seal in conditions such that offer total security.

 

Customs seals

Marks or symbols of security that puts customs for the application of certain customs regimes with the purpose of coming up or to allow the establishment of any damage to the integrity of the merchandise.

 

Type Of Change

The value in national currency that gives to the dollar of the EE.UU of America. The Official Newspaper publishes every working day under the title of “Observed Dollar” the type of change. For effects to pay to the rights of customs and other burdens.

 

Titles Of Credit

They are Documents that indicate that the merchandise is on board. They are Documents that can be endorsed.

 

Transhipment

Direct or indirect transfer of merchandise, a vehicle to another one, or at the same in another trip, even its unloading to earth with its same aim to continue to its destiny, and although passes certain term between its arrival and its exit.

 

Transit

Passage of foreign merchandise through country when this form leaves from a total passage beginning abroad and that must be finished outside its borders.

 

International Transport

The traffic of ships or airships, nationals or foreigners, of load or passengers towards or from the outside, authorized by the Direction of Civil Aeronautics or the Main Directorate of the Marine Territory and Merchant Marine according to it corresponds.

 

Internal Transport

Transport of embarked people or merchandise loaded in a place located within the national territory to be disembarked or to be unloaded in a place located inside of the national territory. Any person who by means of a contract commits himself to transfer the merchandise from a place to another one according to the decided thing.

 

Charge Unit

Part of the transport equipment that is adapted to unify  merchandises that must be transported and that allow their complete movement during the route and in all used means of transport. They are considered like units of load to the grouped bulks.

 

Unitarian

This concept comes from the expression container, this expression gave birth to the multimodal transport, “Short Sea” (ocean transportation in short distances); to the Roll on Roll off in where the bulk is transferred actually by its own means.

 

Unify

It consists of ordering or grouping in single a great package different units, with the intention of making the transport easier and efficient of merchandise and, at the same time that these are is proteged.

 

Zone Of Free Commerce

Customs regime that allows to receive merchandises in a determined space, without the payment of taxes to the import to consider itself that they are not in this territory.

 

Extension Zone of Free Commerce

City or region located adjacent to the Free Zone delimited by the President of the Republic in use of his faculties.

 

Primary Zone

Space of sea or earth in which the material operations take place, of the mobilization of the merchandises; for the effects of its jurisdiction of the custom enclosure and there have to be load , to unload or to be received the merchandise, to constitute, with the other requirements and established formalities, a legal act of import, export, transit, transfer, cabotage or any other customs operation

 

Secondary Zone

Part of the national territory, fixed by the Director, who corresponds to each Customs for the effects to exert his competition.