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Trade Documentation 09


Horizontales
A theoretical concept that assumes international trade unhampered by government measures such as tariffs or non-tariff barriers.
One who assembles a number of orders from merchants in his locality, such orders being placed with foreign manufacturers by the indent merchant for his own account.
Merchandise for which proper customs entry has not been made within five working days after arrival is sent to a General Order warehouse.
An area where goods may be received, stored, manipulated, and manufactured without entering a country’s customs jurisdiction and hence without payment of duty.
The shipment of goods by an exporter (seller) where the purchaser has agreed to pay the transportation costs and the transportation carrier has agreed to transport the goods on the condition that the goods will not be released unless the purchaser makes payment for the transportation charges.
The system adopted by most of the commercial countries of the world in 1989, classifying products manufactured and sold in world commerce according to an agreed-upon numerical system.
Where the bill of lading is negotiable the steamship line is authorized to make delivery as soon as any person presents one original bill of lading at the destination.
A person who dispatches shipments via common carriers and books or otherwise arranges space for those shipments on behalf of shippers and processes the documentation or performs related activities incident to those shipments.
A deliberate loss or damage to goods in the face of a peril such as dumping overboard, which sacrifice is made for the preservation of the vessel and other goods.
The transportation or storage of goods in a condition or location which is exempt under the customs laws from the payment of customs duties for the time period which is allowed by law for transportation or storage.
Products which have been manufactured and sold by the inventor or duly authorized licensee which are being resold by purchasers into geographical areas not intended or authorized by the original seller.
Verticales
An agreement between the seller and a buyer that the seller will pay for the transportation charges before delivery to the transportation carrier.
A set of sales and delivery terms issued by the International Chamber of Commerce and widely used in international trade.
The general transportation rate for a shipment of multiple types of merchandise.
The legal interest which a person must have in goods in order to be covered by insurance.