CCC

Commodity credit corporation.


Related Terms

TON MILE

A measurement used in the economics of transportation to designate one ton being moved one mile. This is useful to the shipper because it includes the distance to move a commodity in the calculation.

DERELICT

Goods or any other commodity, specifically a vessel abandoned at sea

COMMODITY

Article shipped. For dangerous and hazardous cargo, the correct commodity identification is critical.

GDSM

Abbreviation for 'General Department Store Merchandise.' A classification of commodities that includes goods generally shipped by massmerchandise companies. This commodity structure occurs only in service contracts.

INSPECTION CERTIFICATE

A Certificate issued by an independent agent or firm attesting to the quality and/or quantity of the merchandise being shipped. Such a Certificate is usually required in a letter of credit for commodity shipments.

MALPRACTICE

A carrier giving a customer illegal preference to attract cargo. This can take the form of a money refund (rebate); using lower gures than actual for the assessment of freight charges (undercubing); misdeclaration of the commodity shipped to allow the assessment of a lower tariff rate; waiving published tariff charges for demurrage, CFS handling or equalization; providing specialized equipment to a shipper to the detriment of other shippers, etc.

NOMENCLATURE OF THE CUSTOMS COOPERATION COUNCIL

The Customs tariff used by most countries worldwide. It was formerly known as the Brussels Tariff Nomenclature and is the basis of the commodity coding system known as the Harmonized System.

SHIPPER'S EXPORT DECLARATION SED, 'EX DEC'

A joint Bureau of the Census' International Trade Administration form used for compiling U.S. exports. It is completed by a shipper and shows the value, weight, destination, etc., of export shipments as well as Schedule B commodity code.

STCC

Abbreviation for 'Standard Transportation Commodity Code.'

METHYL BROMIDE

A popular fumigant used to kill any actual or potential infestations in timber, lumber, grain, and other commodity shipments. Entry into any treated space should only occur after adequate and complete ventilation or with proper breathing apparatus.

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