foreign trade dictionary

Cost, Insurance and Shipping . Condition of sale whose mention is followed by the name of the port of destination; The expression used in price quotations means that price means the goods placed at the port of destination, the freight paid and the insurance covered by the seller.

INCOTERM CIP (Carriage And Insurance Paid To — Transport And Insurance Paid To (destination location must be named)). Main shipping – international shipping must be paid by the seller. The seller only needs to take out insurance for minimum coverage. If the buyer wishes to be protected by broader insurance coverage, it is necessary, under these conditions, to obtain the seller's agreement, or else to take out additional insurance himself.

CKD, from English Completely Knock-Down or Complete Knock-Down is a kit of completely unassembled parts of a product. It is also a method of supplying parts to a market, particularly when shipping to foreign nations, and serves as a form of counting or pricing.

Complaint / Claim.

Clean Bill of Lading (on board); it is said to be such a document when no reservation or annotation regarding the condition of the cargo received on board is found on it, and is normally required by importers in letters of credit.

Release; clearance (customs).

Charge; act of charging a debit payment to be made at the destination of the cargo.

Commercial invoice.

Commercial Invoice: It is issued by the exporter in the language of the country for which the goods are destined or in English and has a contractual nature that reflects the purchase and sale operation between the importer and the exporter. The commercial invoice is the document that serves as the basis for customs clearance of goods in the destination country, assuming the function of an invoice for the international market. In Brazil, the Invoice is used to accompany the merchandise to the point of shipment abroad

It is said to be a regular liner maritime carrier and recognized as such by all others in its field.

Document issued by the carrier, based on data from the Invoice, which informs the freight value and accompanies the cargo. The recipient signs the receipt in one of the copies.