Trade Terms

An isolated, enclosed, and policed area, operated as a public utility in or adjacent to a port of entry. It is furnished with facilities for loading, unloading, handling, sorting, manipulating,…

Space under containers to allow entry of the forks of a forklift truck.

A receipt for goods issued by a carrier bearing a notation that the outward containers or goods have been damaged.

The seller fulfills his obligation to deliver when he has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named…

A term used in international transportation where the shipper pays all transportation charges and any applicable duties and/or taxes.

Cost of loading and unloading a vessel is borne by the shipper.

An insurance clause providing that loss is not insured if due to capture, seizure, confiscation and like actions, whether legal or not, or from such acts as piracy, civil war,…

A marine insurance clause providing that partial loss or damage is not insured.

The cost of unloading a vessel is borne by the shipper.

A predetermined area or region declared and secured by or under governmental authority where certain operations may be performed with respect to articles without such articles having entered into the…