foreign trade dictionary

Insurance fee charged on certain freight or customs fees proportional to the total value of the products in the operation (Invoice).

Additional to Freight for Merchant Marine Renewal.

Congregation of countries whose objective is the establishment of a common Latin American market, formed by: Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela.

Full Coverage Insurance: The broadest form of international shipping insurance coverage available. It protects against physical loss or any external form. It does not cover losses and risks due to delay, inadequate packaging, viciousness of the goods or commercial damage.

All risks; insurance contract clauses covering all normal cargo risks during transport and transit.

Air Waybill – A non-negotiable air transport contract between the carrier and the shipper.

Operation regulated by the Central Bank of Brazil, allowing Brazilian companies to make purchases of goods originating abroad and selling to customers domiciled in a third country, without the goods entering Brazilian territory.

Air transport operation where a single master and a single house is issued for the same goods, without consolidation or when all houses are from the same consignee.

Fuel Adjustment Factor – An adjustment to shipping charges to compensate for fluctuations in the cost of fuel. Also known as “Fuel Reset Bunker”.

For the purposes of tax treatment, new or used goods, intended for the personal use or consumption of the traveler, in compatibility with the circumstances of his trip, are considered as luggage.

Place close to the port, safe, where the ships are waiting for authorization to dock at the available or determined pier.