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A formal statement describing goods to be shipped; filed.with and approved by the consul of the country of destination prior to shipment.



Related Terms

DELIVERED DUTY UNPAID

DDU - a Term of Sale where the seller ful lls his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the costs and risks involved in bringing the goods thereto (excluding duties, taxes and other official charges payable upon importation) as well as the costs and risks of carrying out customs formalities. The buyer has to pay any additional costs and to bear any risks caused by failure to clear the goods for in time.

DRAWBACK

A partial refund of an import fee. Refund usually results because goods are reexported from the country that collected the fee.

CERTIFICATE OF FREE SALE

A certificate, required by some countries as evidence that the goods are normally sold on the open market and approved by the regulatory authorities in the country of origin.

BILL OF HEALTH

The Bill of Health is the certificate issued by local medical authorities indicating the general health conditions in the port of departure or in the ports of call. The Bill of Health must have been advised before departure by the Consul of the country of destination. When a vessel has free pratique, this means that the vessel has a clean Bill of Health certifying that there is no question of contagious disease and that all quarantine regulations have been complied with, so that people may embark and disembark.

CONSULAR VISA

An official signature or seal af fixed to certain documents by the consul of the country of destination.

COUNTRY OF PROVENANCE

The country from which goods or cargo are sent to the importing country.

BONDED

  1. The storage of certain goods under charge of customs viz. customs seal until the import duties are paid or until the goods are taken out of the country. 2. Bonded warehouse (place where goods can be placed under bond). 3. Bonded store (place on a vessel where goods are placed behind seal until the time that the vessel leaves the port or country again). 4. Bonded goods (dutiable goods upon which duties have not been paid i.e. goods in transit or warehoused pending customs clearance).

C&F TERMS OF SALE

Obsolete, although heavily used, term of sale meaning 'cargo and freight' whereby Seller pays for cost of goods and freight charges up to destination port. In July, 1990 the International Chamber of Commerce replaced C&F with CFR.

BILL OF LADING

A document by which the Master of a ship acknowledges having received in good order and condition (or the reverse) certain specified goods consigned to him by some particular shipper, and binds himself to deliver them in similar condition, unless the perils of the sea, fire or enemies prevent him, to the consignees of the shippers at the point of destination on their paying him the stipulated freight. A bill of lading specifies the name of the master, the port and destination of the ship the goods, the consignee, and the rate of freight.

CONSUL

A government official residing in a foreign country who represents the interests of her or his country and its nationals.

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