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Definitions (35)
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bae
Available for release. This is a document issued by customs, and allows the importer to take possession of his goods.
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baf
Bunker Adjustment Factor : a maritime transportation surcharge in the event of an increase in fuel prices.
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cad
Cash against Document (Payment against document): the transit documents are consigned to a bank, which is instructed to deliver them to the importer only against payment.
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caf
Currency Adjustment Factor: a maritime transportation surcharge if changes in exchange rates have been unfavorable to the carrier since the price list was established.
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clean
this means that there are no reservations associated with the shipping documents.
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clean on board
a term to indicate that the goods have been boarded without reservation.
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cmr
a road transportation convention which corresponds to the transportation document and to the attestation of responsibility for goods.
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congestion
traffic delays at the entrance to a port.
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ctr
abbreviation of “container”
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documentary credit
an international payment technique consisting in obtaining payment by the purchaser’s bank (or by one’s own bank, if it is confirmed) rather than by one’s customer. It therefore amounts to an excellent guarantee, at the cost of a certain administrative complexity.
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