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Goods prohibited in trade (such as weapons going to Iran, anything to Cuba). Smuggled goods.



Related Terms

RVNX

Abbreviation for 'Released Value Not Exceeding.' Usually used to limit the value of goods transported. The limitation refers to carrier liability when paying a claim for lost or damaged goods.

I.M.D.G.

International Dangerous Goods Code, an IMO Convention to assist in safe carriage of dangerous cargos.

SAD

Single Administrative Document - a set of documents, replacing the various (national) forms for customs declaration within European Community, implemented on January 1st, 1988. The introduction of the SAD constitutes an intermediate stage in the abolition of all administrative documentation in intra European Community trade in goods between member states.

STRAIGHT B/L

Indicates the shipper will deliver the goods to the consignee.It does not convey title (nonnegotiable).Most often used when the goods have been prepaid.

APPRAISER'S STORES

The warehouse or public stores to which samples of imported goods are taken to be inspected, analyzed, weighed, etc. by examiners or appraisers.

IMO-Class

Group of dangerous or hazardous goods, harmful substances or marine pollutants in sea transport as classified in the International Dangerous Goods Code (IMDG Code)

PALLET

A flat tray, generally made of wood but occasionally of steel, on which goods particularly those in boxes, cartons or bags, can be stacked. Its purpose is to facilitate the movement of such goods, mainly by the use of forklift trucks.

LANDING CERTIFICATE

Certificate issued by consular officials of some importing countries at the point or place of export when the subject goods are exported under bond.

DEMAND

The quantity of goods required by the market to be delivered in a particular period or at a specific date.

INTERMODAL TRANSPORT

The movement of goods (containers) in one and the same loading unit or vehicle which uses successively several modes of transport without handling of the goods themselves in changing modes.

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