Glossary of words and phrases used in International Trade
There are 85 entries in this glossary.| Term | Definition |
|---|---|
| C88 |
see SAD |
| CAA |
Civil Aviation Authority |
| CAP |
Common Agricutural Policy |
| Carrier |
The provider of the main means of transport in a shipment, e.g. airline, vessel operator, trucker. |
| CFR |
Cost and Freight (Incoterm applicable to movement by Sea or Inland Waterway). For more information see our Incoterms page on this website. |
| CFSP |
Customs Freight Simplified Procedure - simplified import entry procedure |
| CHIEF |
Customs Handling of Import/Export Freight. |
| CIF |
Cost, Insurance & Freight (Incoterm applicable to movements by Sea or Inland Waterway). For more information see our Incoterms page on this website. |
| CIP |
Carriage, Insurance, Paid to (Incoterm applicable to any mode of transport). For more information see our Incoterms page on this website. |
| Clearing Agent |
The party appointed to submit entries to customs authorities on behalf of the importer. May handle duty, VAT and other financial accruals on behalf of his client. |
| CMR |
Convention on the Contract for the International Carriage of Goods by Road. CMR is an abbreviation of the French title of the convention "Convention Relative au Contrat de Transport International de Marchandises par Route". CMR Waybills are frequently issued for international movements of goods by road. |
| Commodity Code |
Customs Code used to identify goods under a tariff no. This Tariff code in its entirety can be a maximum of 22 digits, consisting of numbers &/or letters. The phrase Commodity Code tends to identify this code in 8 digits as used for Exports. |
| Consol/(Consolidation) |
Bulking together of several shipments to same destination to reduce cost |
| Country of departure |
The country from which a means of transport departs |
| Country of destination |
The country to which goods are transported as final country for delivery |
